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Key Points: Sichuan authorities disclose forex-crypto operation case in Chengdu. 3.9 billion yuan involved in cross-border transactions. 21 suspects arrested, signaling increased regulatory scrutiny. Sichuan Public Security Bureau revealed operations involving illegal cross-border forex and crypto transactions since August 2021 in Chengdu, arresting 21 individuals. This reflects enhanced measures against financial misconduct in China. Amid … Read more

The Pacific US territory of the Northern Mariana Islands has passed a bill allowing its small constituent island of Tinian to launch a stablecoin, overriding an earlier veto by the territory’s governor. The 20-member Northern Mariana Islands House voted 14-2 to undo Governor Arnold Palacios’ April 11 veto of the bill, which allows the Tinian … Read more

The ongoing discussion between TradFi (traditional finance) and DeFi (decentralized finance) continues to captivate experts and novices alike in 2025, as both sectors strive to revolutionize how financial systems operate. Recent trends show increasing integration of blockchain technologies within traditional financial institutions, highlighting a shift towards coexistence rather than outright replacement. As noted by COINOTAG, … Read more

Bitcoin is poised for stronger performance than gold this year, driven by increased institutional interest and market dynamics. The ongoing trend indicates that Bitcoin’s potential is further amplified by recent corporate treasury allocations and favorable legislation. According to JP Morgan analysts, “We expect the year-to-date zero-sum game between gold and Bitcoin to extend to the … Read more

Jason Guthrie, head of product at asset manager WisdomTree, says he’s optimistic despite a noticeable lack of hype that typically comes along with a crypto bull run.  There hasn’t been a “really frothy use case that has typically driven these market cycles previously,” such as initial coin offerings (ICOs), non-fungible tokens (NFTs), or DeFi lending, … Read more

In a groundbreaking move, DDC Enterprise Ltd., a prominent e-commerce firm operating in both China and the United States, has revealed plans to incorporate Bitcoin as a key component of its financial strategy. As detailed in a recent shareholder letter by Norma Chu, the firm aims to amass a total of 5,000 bitcoins over a … Read more

Addentax Group Corp, a Chinese textile and apparel company, announced plans to acquire up to 8,000 bitcoins and other digital assets, including the memecoin TRUMP, by issuing shares of common stock. Addentax Group to Bring Crypto Influencers on As Shareholders Chinese textile and apparel company Addentax Group Corp. announced on May 15 that it has … Read more

Another 12 people have been charged for their involvement in a $263 million crypto crime spree that stole 4,100 Bitcoin from a Genesis creditor last August, along with a string of break-ins and money laundering.  The 12 new names, included in a superseding indictment, add to charges originally brought against the main defendant in the … Read more

Bitcoin might still dominate the headlines, but in 2025, the crypto market is far bigger and far more diverse than one coin. Altcoins have grown up. What started as a loose group of Bitcoin alternatives with shaky foundations has evolved into a broad, competitive ecosystem. Today, altcoins are powering entire financial networks, enabling new tech … Read more

Elon Musk’s artificial intelligence firm xAI has blamed an “unauthorized modification” to the Grok chatbot’s response, causing it to generate responses mentioning political and racial tensions in South Africa.  On May 16, xAI provided an update on the Grok AI chatbot’s inflammatory responses, stating that on May 14, “an unauthorized modification was made to the … Read more