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China
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
Huobi Denies Reports of Executive Arrests as Stablecoin Reserves Sink
Nansen data shows that crypto exchange Huobi’s stablecoin reserves dipped by 33% in the last week, with traders withdrawing $49 million in stables. This comes as a spokesperson for Huobi denied reports that several executives were arrested in China over the weekend. "The Hash" panel discusses the latest developments at Huobi and the state of crypto regulation in China.
Hong Kong Lawmaker to Explore Digital Asset Link With Mainland China
Johnny Ng floated the possibility of licensed Hong Kong exchanges being connected with Shanghai's exchanges.
China Is Binance’s Largest Market: WSJ
A new report from the Wall Street Journal says Binance users traded $90 billion of crypto-related assets in China in just one month, making the country Binance's largest market by far. CoinDesk Executive Director of Global Content Emily Parker unpacks the details, shedding light on China's role in the global crypto scene.
Binance's Largest Market Is China: WSJ
China is Binance’s largest market, amounting to 20% of worldwide volume
Why Bitcoin Miners Have Flocked to Texas
Crypto miners have flocked to the state of Texas since China banned mining in 2021, encouraged by cheap energy, grid incentives and an alignment of values. "The Hash" panel discusses why Texas has emerged as a bitcoin mining hub as part of CoinDesk's special Mining Week presented by Foundry. Foundry and CoinDesk are both owned by DCG.
Bitcoin Slips to $29K Level Amid WSJ Report on Binance
Bitcoin (BTC) is slipping after the Wall Street Journal said Binance CEO Changpeng "CZ" Zhao suggested in a private conversation that the crypto exchange's affiliates had conducted wash trading several years ago and China's policymakers warned of a tortuous economic recovery while falling short of announcing large-scale stimulus. "The Hash" panel discusses the takeaways from the report and the outlook for Binance.
Recently Exploited Crypto Bridge Shuts, Says China Detained CEO and His Sister
Multichain said it has been forced to take this action "due to lack of alternative sources of information and corresponding operational funds."
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
