Chinese Gaming Firm Sees 1,100% Profit Surge from Crypto Investments
Boyaa Interactive's Q1 2024 profits soar by 1,125% due to crypto investments, plans to invest another $100 million. Core gaming business revenue also increases by 10-15%.
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Today, Huaxia's virtual asset spot ETF had a net outflow of US$18.5 million
13/05/2024 19:11
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Speculation Swirls: Hong Kong Bitcoin ETFs May Welcome Mainland Chinese Investors
Rumors suggest mainland Chinese investors may soon access Bitcoin ETFs in Hong Kong. Optimism surrounds the potential integration, driven by financial mechanisms and socio-economic factors. Speculation on the impact includes projections of substantial capital influx and market implications.
Huang BoChinese Official Media Signals Major Alert! Who Bears the Losses from Investing in USDT and Cryptocurrencies?
Chinese official media, based on court decisions, indicates that cryptocurrency transactions are legally invalid, and losses are borne by the individual.
MiyukiHong Kong news: A huge amount of funds from the mainland will flow into ETFs
Once southbound funds are allowed to invest in Hong Kong Bitcoin spot ETFs, it will open a window for funds from mainland China.
JinseFinanceChinese Investors Navigate Economic Downturn Through Cryptos, US & Japan ETFs
Chinese investors, facing economic uncertainty, are turning to cryptocurrencies and overseas markets, with a surge in crypto activity despite regulatory bans. The growing interest signals a notable shift in investment strategies and a potential boom in China's overseas investment landscape.
JoyTaking stock of the Bitcoin ecological layout of major investment institutions
Inscription, taking stock of the Bitcoin ecological layout of major investment institutions. Golden Finance, this article will focus on the layout projects of investment institutions.
JinseFinanceFounder of RenrenBit, Zhao Dong, Faces 7-Year Prison Term – China Discloses Details
RenrenBit founder Zhao Dong, known as the "OTC King," is sentenced to seven years in prison for unlicensed crypto activities and unauthorized forex transactions. The extensive investigation, involving complex financial transactions, revealed evidence through bank records and chat logs. Zhao's arguments during three public hearings were countered by the prosecutor's presentation of forex-related evidence. The court issued a seven-year prison term and a 2.3 million Chinese yuan fine. China's ongoing crackdown on crypto activities is evident in this case.
SanyaChinese Authorities Crack Down on Crypto Activities, Sentencing RenrenBit Founder to Prison
Chinese authorities are cracking down on international illegal financial activities, with a focus on the recent sentencing of Zhao Dong. This is part of a larger campaign to address such activities.
ZoeyChina Will Declare Crypto And Bitcoin A ‘Legitimate Form of Wealth,’ Tron Founder Claims
China is one of the most crypto and Bitcoin-hostile countries on earth.
BitcoinistInstitutional investment flows out of ETH and into competing L1 altcoins
Analysis from CoinShares shows investors favored smaller altcoins last week as capital outflows for Ethereum hit $17 million.
Cointelegraph