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Crypto in China

Seltene Erden – Technologische Wundermetalle mit Schattenseiten

Zu den Metallen der Seltenen Erden gehören die chemischen Elemente der 3. Nebengruppe des Periodensystems und die Lanthanoide – insgesamt also 17 Elemente. Im Bild: Seltene Erden aus Baotou, China Foto CC 3.0 by Brücke-Osteuropa Seltene Erden, auch Seltenerdmetalle genannt, sind eine Gruppe von 17 chemischen Elementen, die trotz ihres Namens gar nicht so selten sind. Einige von ihnen kommen in der Erdkruste sogar häufiger vor als beispielsweise Blei oder Kupfer. Ihre...

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Crypto Deposits to Chinese Drug Producers’ Addresses Double in Early 2024 Compared to 2023

Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in cryptocurrency, with 97% of the over 120 manufacturers studied offering payment options in digital currencies. Bitcoin Dominates Transactions According to TRM Labs, the overall...

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BYD: Vom Akku-Pionier zum Elektroauto-Giganten – Eine Erfolgsgeschichte mit glänzender Zukunft?

Der chinesische Konzern BYD hat sich in kürzester Zeit vom Batteriehersteller zum weltweit führenden Produzenten von Elektrofahrzeugen entwickelt. Diese beeindruckende Transformation hat nicht nur die Automobilbranche revolutioniert, sondern auch Anleger auf der ganzen Welt aufhorchen lassen. Vom Akku zum Auto: Eine strategische Entscheidung BYD (Build Your Dreams), gegründet 1995, machte sich zunächst als Hersteller von wiederaufladbaren Batterien einen Namen. Mit dem wachsenden Trend zur...

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Chinese Police Raids Illegal $1.9B USDT Banking Operation: Report

The Chinese police forces have burst a large underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). According to a report from local media house Weixin, the Public Security Bureau of Chengdu Municipal arrested 193 suspects linked to the case and froze 149 million yuan ($20.6 million) after raiding the operation’s location. A $1.9B Underground Banking Operation Investigations conducted by the...

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Filecoin’s Liquid Staking Platform Core Team Under Investigation by Chinese Police

The core technical team behind the Filecoin-based STFIL protocol said that they are under investigation by Chinese authorities. Over the past couple of days, there have been unforeseen updates to the protocol, along with funds transfers to different addresses. Mysterious Token Transfers and Upgrades The news came out in a public post by STFIL Protocol on X, revealing that they believe the STFIL core technical team is under investigation by local Chinese police. They mentioned...

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China’s Largest Equity Funds Pursue Spot Bitcoin ETFs via Hong Kong Subsidiaries: Report

Chinese mainland-based equity funds are reported to have filed applications to introduce spot Bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. The development comes amid a month-long surge in crypto prices and heightened efforts by Hong Kong to establish itself as a global fintech hub. China Equity Funds Apply for Bitcoin ETFs According to Security Times, a Chinese state-owned newspaper, not all the companies applying have been named. However, it has...

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BYD Auto Company eine Aktie mit Zukunft?

BYD Auto Company, ein Vorreiter in der Elektroautoindustrie und eine Tochtergesellschaft des breiter aufgestellten BYD Co Ltd, hat in den letzten Jahren erhebliche Fortschritte gemacht. Mit dem steigenden globalen Fokus auf nachhaltige Mobilität und dem zunehmenden politischen Druck zur Reduzierung von CO2-Emissionen positioniert sich BYD Auto als ein potenziell zukunftsträchtiges Unternehmen im Aktienmarkt. Dieser Artikel untersucht, ob BYD Auto eine Aktie mit Zukunft ist, indem er die...

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UK Woman Found Guilty of Laundering Bitcoin Tied to $6 Billion China Fraud

Jian Wen, a former takeaway worker residing in north London, was found guilty of one count of money laundering after she was found with Bitcoin worth over $2.5 billion (£2 billion) in 2018. Jian Wen assisted a Chinese fugitive known to Wen as Zhang Yadi, whose real name is Qian Zhimin, in laundering the BTC funds. The Bitcoin Laundering Case Wen was found with Bitcoin valued at over £2 billion, which she had been involved in converting into assets such as multi-million-pound...

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3 Reasons China Should Repeal Bitcoin Ban (Opinion)

China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to something that most of the world’s governments have been slow to grok: Bitcoin represents an ideal store of value beyond borders...

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