A Chinese hacker collective has been charged with stealing about $7 million in cryptocurrency by using supply-chain attacks to target users of cryptocurrency wallets. According to reports, the group claimed to be a security services provider while operating under the name Wuhan Anshun Technology. On the other hand, members were
The recent policy adjustment of China seems more like a crackdown instead of a structural reordering. As reported by Bloomberg, it has tightened the cryptocurrency activity once again. On Friday, 8 Chinese authorities headed by the central bank issued a joint notice on risks associated with the digital assets. It
China has reportedly asked its banks to limit their US Treasury holdings. This has triggered anticipations around several aspects, like volatility for risky assets and the nature of liquidity. The crypto market is on edge because it might feel the pinch, just like stocks and the US Dollar. China, as
The outlook of China towards RWA business has shifted a little, triggering optimism that the Asian country may eventually change its stand altogether. The crypto market has responded with little to no changes, even though there were fluctuations over the weekend. Gains in Gold could be another possible factor influencing
The regulators of China have now tightened control for digital assets and have prohibited the unauthorised issuance of yuan-pegged stablecoins overseas and widened the prohibition to real-world assets associated with the currency of the country. On February 6, the People’s Bank of China (PBOC), with seven government agencies, released a
This week, the American President Donald Trump visited South Korea, where he engaged in important talks with the Chinese President Xi Jinping on the increasing trade conflicts. The stakes-filled summit was meant to cool the economic tensions that have shaken the world markets and had a devastating effect on cryptocurrency
China Financial Leasing Group has declared that it is going to create a digital asset investment platform that concentrates on cryptocurrency and blockchain technology projects. The Hong Kong-traded company will raise capital by issuing over 69 million new shares to investors at reasonable prices. The reaction of the market was
Following the agreement to restore a truce between the US and Chinese officials, the crypto market saw a rise. The agreement was made after discussions in London in the last two days. Both countries finally agreed to enter the Pre-Liberation status quo. After this deal, the price of Bitcoin once
H100 Group AB, a health tech company in Sweden, has witnessed a rise of 37% in its shares after the announcement of purchasing Bitcoin for the first time as part of its new strategy. At the same time, Jiuzi Holdings from China unveiled that it has a plan to stack
Bitcoin had reportedly surpassed stocks and showed an uptrend at the time of the sell-off on stock markets last month, after the US President, Donald Trump, announced tariffs on Liberation Day. From a fall of $75,000 reported on April 7, the largest cryptocurrency rebounded to $95,000, a 27% surge by
