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Chinese Bitcoin mining giants move production to US amid tariff tensions

Chinese Bitcoin mining giants move production to US amid tariff tensions

Leave a Comment / Bitcoin mining, Bitmain, Canaan, china, microbt, Mining, US /

China’s top three Bitcoin mining rig manufacturers, Bitmain, Canaan, and MicroBT, are reportedly shifting parts of their production to the United States, Reuters reported on June 18. The move comes as a response to intensifying trade tensions triggered by President Donald Trump’s renewed tariff policies. These tariffs, aimed at reducing US reliance on foreign technology, […]

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Fake Cold Wallet Bought on Chinese TikTok Costs User .9M in Crypto

Fake Cold Wallet Bought on Chinese TikTok Costs User $6.9M in Crypto

Leave a Comment / Blockchain News, china, Hardware wallet /

A crypto investor has lost nearly $7 million after purchasing what appeared to be a legitimate cold wallet through Douyin, the Chinese version of TikTok, only to discover the device was a sophisticated trap designed to steal digital assets. 近 5000万一夜蒸发！只因在抖音买了个“冷钱包”？血的教训！ 一个深夜电话，让我毛骨悚然！关系很铁的朋友，刚经历了人生至暗时刻—— 他持有的价值近 5000万人民币的加密货币，被盗一空！… — Hella | 海拉｜神奇女侠 (@hella1413) June 14, 2025 The victim, described

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China’s Secret Crypto Pipeline Runs Through Hong Kong—Report

China’s Secret Crypto Pipeline Runs Through Hong Kong—Report

Leave a Comment / Bitcoin, BTC, china, crypto, Crypto News, digital currency, Hong Kong /

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure China’s top police body has set up its first official way to sell off crypto coins it grabs in criminal cases. The move leans on Hong Kong’s licensed trading platforms. It lets Beijing turn seized Bitcoin and Ethereum into yuan without loosening

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Fake Cold Wallet Bought on Chinese TikTok Costs User .9M in Crypto

Beijing Fast-Tracks 24-Hour Seized Crypto Liquidation via Hong Kong Exchanges

Leave a Comment / Blockchain News, china, Hong Kong, News /

Key Takeaways: Beijing’s police authority has introduced a formal process for liquidating seized digital assets through Hong Kong exchanges. The system was developed with the Beijing Equity Exchange and involves third-party custody and compliant offshore liquidation. The first test case was completed in Shunyi District, with funds transferred to the national treasury within 24 hours.

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China Eyes Faster De-Dollarization With SCO Leadership

China Eyes Faster De-Dollarization With SCO Leadership

Leave a Comment / china, de-dollarization, Economics /

China is turbocharging its de-dollarization push, leveraging its SCO presidency to expand national currency use, supercharge financial cooperation, and champion a bold Eurasian economic realignment. China to Use SCO Presidency to Expand National Currencies and Reduce Dollar Use China is escalating efforts to diminish reliance on the U.S. dollar by prioritizing the use of national

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Chinese Automotive Firm Reveals Dual-Track Plan to Buy 1,000 Bitcoins Over Next Year

Chinese Automotive Firm Reveals Dual-Track Plan to Buy 1,000 Bitcoins Over Next Year

Leave a Comment / Bitcoin (BTC), china, companies, Crypto News /

Jiuzi Holdings, Inc. plans to acquire 1,000 bitcoins over the coming year through a combination of fresh stock issuance and direct cash purchases, the company revealed this week. Jiuzi Holdings to Raise Capital Via Stock, Cash for 1,000 Bitcoin Investment The Hangzhou-headquartered enterprise, Jiuzi Holdings (Nasdaq: JZXN), stated that its board approved the dual-path acquisition

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U.S. Leads the World in Bitcoin Ownership, New Report Shows

U.S. Leads the World in Bitcoin Ownership, New Report Shows

Leave a Comment / American Prosperity, Bitcoin, china, News, U.s. /

Bitcoin Magazine U.S. Leads the World in Bitcoin Ownership, New Report Shows A new report from River reveals that the United States dominates Bitcoin ownership globally, holding about 40% of all available Bitcoin. With 14.3% of its population owning Bitcoin, the U.S. outpaces Europe, Oceania, and Asia combined. The United States is the global Bitcoin

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Hong Kong Police Bust M Crypto Money Laundering Ring, Arrest 12

Hong Kong Police Bust $15M Crypto Money Laundering Ring, Arrest 12

Leave a Comment / Altcoin News, china, Hong Kong, Regulation /

Twelve people have been arrested in Hong Kong and mainland China for their alleged roles in a cross-border money laundering operation that moved HK$118 million ($15 million) through cryptocurrency and hundreds of fraudulent bank accounts, local media reported on May 17. According to Hong Kong Commercial Daily, the criminal syndicate used over 500 so-called stooge

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Analyst Identifies ,000 As Bitcoin’s Pivotal Support

Analyst Identifies $90,000 As Bitcoin’s Pivotal Support

Leave a Comment / Bitcoin, Bitcoin support, btcusd, BTCUSDT, china, Daan Crypto, US, US stocks market /

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Veteran market analyst with X handle Daan Crypto has shared an intriguing insight on the present Bitcoin market structure. In a recent post on May 16, Daan Crypto provided some technical pointers for BTC investors while highlighting the potential fundamental developments that

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Crypto Cold War? Trump Says US Is Beating China In Digital Assets

Crypto Cold War? Trump Says US Is Beating China In Digital Assets

Leave a Comment / Bitcoin, china, crypto, Crypto News, digital currency, tariffs, trade war, Trump, US /

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure United States President Donald Trump has painted a picture of the United States pulling ahead of China in the battle for crypto dominance. He made the claim in a recent social media post, asserting that the US dominating China in the crypto

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