Jan 24, 2025 · China's government has likely sold nearly $20 billion worth of Bitcoin, according to CryptoQuant CEO Ki Young Ju. This Bitcoin was seized from the PlusToken Ponzi scheme in 2019, which swindled ...

Jan 23, 2025 · How China Moved PlusToken’s BTC. In a post on X, Ki Young Ju provided a detailed breakdown of the on-chain data, revealing that funds were moved through crypto mixers, making it likely that the government sold off the Bitcoin in 2019.. These movements included batches of Bitcoin being transferred through mixing services before they hit exchanges for …

Jan 4, 2025 · The bitcoin price limped into 2025, struggling along with global stock markets, despite wild speculation China could have beaten Donald Trump and the U.S. to creating a bitcoin reserve.

Jul 24, 2024 · Recently, there have been rumors that Bitcoin in China will be "unbanned" - from unsourced tweets to backdoor insights about the Chinese Communist Party's plans for Bitcoin. Since Hong Kong...

Dec 21, 2023 · China is pushing ahead with its development of non-fungible tokens (NFTs) and blockchain-based decentralized applications, according to a document published by China's ministry of industry...

Nov 20, 2024 · A Shanghai court has released an opinion stating that the personal ownership of cryptocurrencies is not against Chinese law, offering explicit legal clarity for crypto holders on the mainland...

Jan 25, 2024 · The U.S. Commerce Department is looking into whether DeepSeek - the Chinese company whose AI model's performance rocked the tech world - has been using U.S. chips that are not allowed to be...

Jan 27, 2025 · Chinese crypto and artificial intelligence mogul Zhan Ketuan is facing a crisis. US custom officials in recent months have impounded some shipments of Bitcoin mining rigs made by his company Bitmain.

Dec 17, 2024 · Is China secretly stacking Bitcoin and gearing up to unban it? Let me break down why I think they’re about to make a huge move—and sooner than you think. Look, I think it's only a matter of time before China pulls a complete 180 on its Bitcoin ban.

Sep 24, 2021 · China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.