Latest China News and Insights | Yellow

China and Russia have begun settling some energy transactions using Bitcoin as part of broader efforts to reduce dependency on the U.S. dollar, according to a senior executive at investment management firm VanEck. The development signals a potential shift in how countries conduct international trade

Bitcoin’s price took a hit on Friday as global market tensions escalated following China’s announcement of sweeping 34% tariffs on all U.S. goods. The move, a direct response to the U.S.’s recent tariff increase to 54%, sent shockwaves through financial markets, dampening risk sentiment. The leading

The stablecoin market has surged to a capitalization of $240 billion, underscoring a significant shift in global financial power dynamics. This expansion from $133 billion in 2024 represents growing mainstream acceptance and has triggered strategic concerns from Chinese officials who see the trend a

China’s regulatory body for foreign exchange has enacted new mandates obliging banks to scrutinize and report risky transactions, particularly those related to cryptocurrencies. These measures aim to restrain Chinese investors from trading in Bitcoin and other digital assets. Under the new directive

Cryptocurrency markets are on edge. Wallets linked to the infamous PlusToken Ponzi scheme have suddenly stirred. These accounts had been quiet for over three years. On Wednesday, hundreds of wallets moved thousands of ether. The funds are tied to the $4.2 billion PlusToken scam. On-chain data shows