Coinatory

Wall Street Rallies as Trump Eases China Tariff Rhetoric U.S. Equity Markets Rebound as Trump Softens China Trade Stance and Backs Powell U.S. equity indices closed firmly in the green on Wednesday, buoyed by a perceived de-escalation in trade tensions with China and signs of stability at the Federal Reserve. The Dow Jones Industrial Average gained 419 points, or 1.07%, while the broader S&P 500 advanced 1.6%. The Nasdaq Composite led the rally with a 2.5% surge, driven by renewed strength in t... cryptocurrency news

Trump Signals China Talks Amid Market Volatility Over Tariff Uncertainty President Donald Trump confirmed ongoing communications with China as markets brace for heightened volatility, reflecting deep concerns over escalating U.S.-China trade tensions. After a period of volatility for the stock and cryptocurrency markets, investors are anticipated to keep a close eye on changes in the U.S. tariff landscape throughout the course of the upcoming week. Speaking from the Oval Office, Trump said China had repeatedly req... Coinatory

China Retaliates Against US Tariffs with Trade Barriers, WTO Lawsuit With the imposition of more tariffs, export limitations, and World Trade Organization (WTO) legal action, China has intensified its trade war with the United States. Washington's recent 10% tariff increase on all Chinese imports under the Trump administration prompted the action. The retaliatory actions were announced by Beijing's Ministry of Commerce on Tuesday, indicating a growing economic impasse between the two biggest economies in ... China Retaliates Against US Tariffs with Trade Barriers, WTO Lawsuit

China Highlights Digital Asset Rules in 2024 Stability Report The People’s Bank of China (PBOC), the nation’s central bank, emphasized global efforts to regulate digital assets in its 2024 Financial Stability Report, published on December 27. The report also spotlighted Hong Kong’s initiatives to establish itself as a leader in digital asset regulation with its licensing regime. Global Digital Asset Regulation Trends In the report, the PBOC detailed global regulatory developments, noting tha... cryptonews today

Legal Status of Digital Assets in China Clarified Owning digital assets is not illegal under Chinese law for individuals, but restrictions remain for enterprises, a Shanghai judge has affirmed. Sun Jie, a judge at Shanghai’s Songjiang People’s Court, issued a statement on the court's official WeChat account, clarifying that individual cryptocurrency ownership is not prohibited by Chinese law. However, she emphasized that enterprises are barred from investing in digital assets or issuing toke... crypto news

China’s CBDC Platform Surpasses 180 Million Wallets, Facilitates ¥7.3 Trillion in Transactions China’s Central Bank Digital Currency (CBDC) initiative has hit a significant milestone, registering 180 million personal wallets and processing a total transaction volume of ¥7.3 trillion ($1.02 trillion) across its pilot regions. In a column for SINA, Changchun Mu, director-general of the People’s Bank of China’s (PBoC) Digital Currency Institute, outlined the rapid expansion of the digital renminbi, or e-CNY, since its early trials. The PB... cryptonews today

Taiwan Convicts Eight Spies Paid in Cryptocurrency by China Taiwan’s High Court has convicted eight individuals of espionage for China, marking one of the most significant spying cases in recent years. According to Taiwan’s Ministry of Justice’s Investigation Bureau, Chinese intelligence agencies used cryptocurrency to compensate Taiwanese military personnel involved in this covert operation. The convicted group, comprising both active-duty and retired military officers, was found guilty of gathering ... Coinatory cryptonews

The National Development and Reform Commission of China (NDRC) wants to ban bitcoin mining. The corresponding document appeared on the website of the organization. How will it possibly influence bitcoin? Well, let"s figure out what possible outcome this decision might give to bitcoin network - this will reduce the hashpower of the network, blocks will be harder to be confirmed, it will take longer to calculate one block. This situation might look as a disaster, considering the fact that by some calculations, up to 60% of the hashpower of the entire network is currently located in China. According to the logic of an average human-being, we imagine a huge factory with some production lines that are constantly printing bitcoins as the ... Read more about " What if China bans bitcoin mining? " on coinatory.com

In China, stablecoin secured by the yuan may appear. The need to launch such a digital asset was announced by the People"s Bank of China. Chinese central bank analysts have published a study analyzing the prospects for the introduction of digital currency. They noted that now most of the Stablecoins are provided by the American dollar (Tether, Gemini Dollar, Paxos Standard, etc.). Using the US currency as a material security for tokens allows the dollar to hold key positions in the global market. The domination of the American currency ... Read more about " China thinks about the release of the stablecoin secured by the yuan " on coinatory.com

A new report by scientists from Princeton and Florida universities suggests that the growing influence of China on key bitcoin infrastructure gives the Chinese government substantial power over the main cryptocurrency and even the ability to destroy it. Bitcoin was designed to avoid any form of centralized control. The core infrastructure of this cryptocurrency gives participants a strong set of incentives that support the health and stability of the ecosystem. Bitcoin is almost ten years old, and there has not yet been any serious (and ... Read more about " Censorship, disruption of consensus and bitcoin destabilization - easy for China " on coinatory.com

The Huobi currency exchange denied earlier information about collusion with the block producers of EOS digital currency. As cnLedger twitter account clarifies, Huobi also denies rumors about his participation in the manipulation of voting on the EOS network. At the last week on the Internet, information began to spread that the EOS block producers allegedly participated in a pre-coordinated voting. It was alleged that the crypto exchange Huobi joined this collusion and voted for 20 EOS blocks producers, and 16 of them in response voted ... Read more about " Huobi denies having financial business with the EOS BPs " on coinatory.com

The Supreme Court of China recognized the validity of evidence authenticated in the blockchain. And in Beijing, opened the second Internet court. This means that for the first time in the history of the world, justice institutions will be able to operate with virtual certificates and consider online claims. So, almost imperceptibly, in the legal science, there was a real legal tech revolution. Let"s try to figure out what value this will have for the digital economy and for legal reality. Questions about the acceptance of information ... Read more about " Blockchain data used as evidence in court in China " on coinatory.com

More than 80% of the world"s companies realizing or implemented blockchain projects in varying degrees, with a quarter of them have already launched pilot projects or fully completed their implementation, according to a study by the consulting company PwC. The PwC study "Blockchain is here. What"s your next move? "Is based on a survey of 600 executives from 15 countries and territories: Australia, China, Denmark, France, Germany, Hong Kong, India, Italy, Japan, Netherlands, Singapore, Sweden, UAE, UK and USA. Respondents were asked questions ... Read more about " PwC: More than 80% of companies in the world implement blockchain projects " on coinatory.com

Commercial objects located in the busy central district of Beijing received a ban on cooperation with cryptocurrency companies. This caused a lot of rumors about whether the Chinese government intends to tighten the rules for the regulation of the cryptocurrency, given that the industry continues to flourish, despite the bans on trade last year. According to the report, local authorities in the Chaoyang District in Beijing issued an order dated August 17 and warned businesses, office buildings, hotels and shopping centers that they ... Read more about " China: another restrictions for crypto-related companies " on coinatory.com

Chinese technical conglomerate Tencent denies its involvement in investing in the preliminary stage of the IPO of Bitmain Technologies, the world"s largest manufacturer of cryptocurrency mining equipment. What happened? August 10, both the cryptocurrency and mainstream media reported that Tencent and the Japanese conglomerate Softbank Group closed the round of Bitmain financing by $ 1 billion, in the run-up to the company"s IPO by $ 15 billion. This will be one of the largest IPOs in history, and therefore not surprisingly, that Bitmain is ... Read more about " Tencent denies participation in Bitmain pre-IPO " on coinatory.com

Xi"an, Aug. 19 - Police in Xi"an City, the administrative center of Shaanxi Province in northwest China, arrested three suspected of stealing cryptocurrency in the amount of about 600 million yuan (about $ 87 million). In March of this year, a man turned to the Xi"an police, who reported that hackers had illegally penetrated his computer and stole from him cryptocurrency (bitcoins and ether) for 100 million yuan. An investigation was launched, during which the police found that the suspects remotely hacked accounts with ... Read more about " Chinese police arrested the suspects in the theft of the cryptocurrency for 600 million yuan " on coinatory.com

CEO BitMEX Arthur Hayes criticized Ethereum, called it "shitcoin" and predicted the collapse of the price below $ 100. As Hayes writes in the final digest for traders, the take-off of Ethereum took place during the ICO boom, which began in early 2017. In his opinion, during the period of active distribution of ICO, a large number of new venture investors came to the market, having neither experience nor knowledge. Hayes notes that today many venture investors are selling their tokens against the backdrop of a drop in their value. Now, ... Read more about " Ethereum: the shitcoin that will fall down below $100 " on coinatory.com

The company claims that changing the name is more than just a rebranding exercise, suggesting that the wallet will evolve over time to offer more functionality than existing cryptographic wallets and serve as a "gateway" for a decentralized network and an "open financial system", as well as "creating an effort to invest in products" that will shape the future of a decentralized network. Siddharth Coelho-Prabhu, product manager for Toshi, commenting on the development, said that the application will soon be "improved to Coinbase Wallet," ... Read more about " Toshi Wallet is now called Coinbase Wallet " on coinatory.com

The island state became the center of attraction of the world"s largest sites for the cryptocurrency trade. Crypto exchange ZB.com, which is included in the top 10 sites by the cryptocurrency trade turnover, announced its intention to open an office in Malta. On the "island of Blockchain", as informally call this state not only the representatives of the crypto community but also the policy of the country itself, the Chinese crypto exchange is going to conduct its operational activities. We are talking about the servicing of transactions ... Read more about " Crypto exchange from the top 10 will open an office in Malta " on coinatory.com

The People"s Bank of the country is studying the possibility of legalizing digital money and is consulting with experts on this issue. The Chinese authorities show interest in cryptocurrencies, but behave very cautiously, Yury Gugnin, deputy chairman of the expert council under the State Duma of Russia for digital economy and blockchain, who conducts educational seminars on cryptocurrencies and blockchain technology in China. According to the official, the local government is not against digital money, it understands that this is an ... Read more about " Chinese government can legalize cryptocurrencies " on coinatory.com