China


Markets

Bitcoin More Linked With U.S. Fed, Traders Say, as China Lands Stimulus

People’s Bank of China governor Pan Gongsheng announced a range of measures to stimulate the economy.

(Coindesk Indices)

Videos

Macro Impact on Crypto: Fed, China and Global Liquidity

Lyn Alden Investment Strategy founder and Analyst Lyn Alden joins CoinDesk with her analysis on how macroeconomic factors like the Fed interest rate cut, China's economic influence and global liquidity are shifting the crypto market. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

Recent Videos

Markets

Polymarket Whales Favor Trump as Election Betting Surges Past $400M

Traders also are skeptical about China 'unbanning' bitcoin

Bitcoin Nashville attendees queued up early on Saturday to get into the conference venue, Music City Center, ahead of former President Donald Trump's speech (Bradley Keoun)

Markets

Bitcoin, Stocks Bleed as China Rate Cuts Signals Panic, Treasury Yield Curve Steepens

China's back-to-back interest-rate cuts signal urgency to shore up growth after the recent Communist party plenum offered little support to the nation's flagging economy.

China renminbi bills (Moerschy/Pixabay)

Policy

Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.

The financial-crimes arm of the U.S. Treasury Department has flagged the increased use of several crypto assets to support Mexican drug trafficking

U.S. authorities have warned about Mexican cartels using crypto to buy precursors to make fentanyl. (Jesse Hamilton/CoinDesk)

Policy

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.

Hong Kong harbor skyline view into Kowloon

Policy

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

President Biden ordered a halt to the MineOne operation near Warren Air Force Base, citing Chinese ownership, foreign technology and proximity to a strategic missile base.

U.S. missiles stand near the fence of Warren Air Force Base

Policy

China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report

Most early users immediately transfer the digital yuan balances to their bank accounts to spend as cash.

China digital yuan (Eliza Gkritsi/CoinDesk)

Policy

Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report

Police in Panshi City, Jilin arrested six people for running an "underground bank."

(chinahbzyg/Shutterstock)