China Bitcoin reserves: What happens if it follows the US playbook?
If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
If China has not yet sold its 195,000 Bitcoin seized from the PlusToken Ponzi scheme, it could use the funds to make a reserve rivaling the US.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CointelegraphRelated market context
China Opens Its Own Case to Confiscate 61,896 Bitcoin Held by UK Authorities
A court in the northern Chinese city of Tianjin has opened a domestic proceeding to confiscate 61,896 bitcoin that British authori...
PHP Attack Threatens Crypto Safety: Should You Cash Out or Pull Funds From Exchanges?
The FBI, National Security Agency (NSA), and Cybersecurity and Infrastructure Security Agency (CISA) have warned organizations to...
SideSwap reopens Bitcoin swaps while Liquid reserves stay locked
SideSwap’s wallet funds the reopened swaps while partly manual refills can delay payments and direct Federation withdrawals remain...
Rent a car, launder crypto: Italian police bust $76M mafia scheme
Italian police have busted a mafia-linked crypto laundering ring that moved €68 million ($76 million) out of the country under the...
SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stableco...
Bitcoin ETFs Top $1 Billion in 3 Days as Eight Funds Draw Inflows
U.S. bitcoin ETFs attracted $528.40 million on Wednesday, taking their three-day inflow streak above $1 billion as institutional d...