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Chinese e-commerce giant Alibaba has signaled its intention to deploy bank-backed deposit tokens for cross-border payments, navigating a strategic path around Beijing's increasingly rigid stance against privately-issued stablecoins. The development represents a critical pivot in how China's technolo

China's cybersecurity agency has accused the US government of orchestrating the theft of approximately $13 billion worth of Bitcoin from a Chinese mining operation, marking Beijing's latest effort to blame Washington for major cyberattacks. The Chinese National Computer Virus Emergency Response Cent

China's financial regulators have ordered the country's largest technology companies to abandon plans to launch stablecoins in Hong Kong, dealing a significant blow to the city's ambitions to become a global digital asset hub and underscoring Beijing's determination to maintain absolute control over

China Renaissance Holdings Ltd, a Beijing-based investment bank, is working to raise approximately $600 million for a digital-asset treasury centered on BNB, the native token of the Binance exchange. The token recently overtook XRP to claim the fourth position by market capitalization. The initiativ

The cryptocurrency market plunged into disarray on Friday evening, erasing over $200 billion in total market capitalization as a staggering $9 billion in leveraged positions were liquidated in a flash crash ignited by President Donald Trump's aggressive announcement of 100% tariffs on Chinese import