China

China

Markets

Trump's Trade War May Be Driving Chinese Investors to Bitcoin

As the Chinese yuan falls in value due to the trade war with the U.S., there are signs that locals are increasingly moving funds into bitcoin.

Credit: Shutterstock

Markets

HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

HSBC's building in Hong Kong. (Christian Mueller/Shutterstock)

Tech

Why Tether Volume Is at All-Time Highs

The dollar-pegged stablecoin tether (USDT) has become a virtual bridge between Chinese traders and global markets.

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Markets

Circle CEO: China’s Digital Currency Could 'Bypass' Western Banks

Circle CEO Jeremy Allaire said China is setting the pace in the development of a digital currency equivalent of its fiat currency, the renminbi.

Jeremy Allaire, Circle (CoinDesk archives)

Markets

Bitcoin Miners Halt Operations as Rainstorm Triggers Mudslides in China

A severe rainstorm in China's southwest has led to fatal mudslides, causing some local hydropower plants and bitcoin miners to halt operations.

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Tech

Central Banks, Stablecoins and the Looming War of Currencies

A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks.

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Markets

China's Central Bank 'Close' to Launching Official Digital Currency

An official at China's central bank has said the institution is nearing the launch of its national digital currency.

Credit: Shutterstock

Markets

Trump's Currency War With China Could Be Bitcoin's Do-or-Die Moment

Donald Trump is stoking the flames of a new currency war, creating a do-or-die moment for the cryptocurrency movement, writes Michael J. Casey.

Donald Trump (Shutterstock)

Tech

Cryptocurrency in China: Over the Counter, Under the Table

Primitive Ventures partner Dovey Wan breaks down the crypto situation as it stands in China today.

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Finance

Millions in Crypto Is Crossing the Russia-China Border Daily. There, Tether Is King

Tether has a real-world use case: Chinese importers of cheap goods in Russia use it to send millions home daily.

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