Report: China’s Central Bank Leads New Crackdown on Crypto, Stablecoins and Offshore Tokens
China has doubled down on its hardline crypto stance, issuing a fresh multi-agency directive that tightens enforcement and explicitly bans unauthorized overseas token issuance and yuan-linked stablecoins, Bloomberg repor...
Original source
Read on Bitcoin NewsRelated market context
Hungary Reverses Crypto Crackdown, CFTC Proposes Prediction Market Rules, and Anthropic AI Jailbroken in 48 Hours
Hungary decriminalises crypto trading after EU scrutiny, CFTC proposes prediction market rules, and Anthropic's AI jailbroken in 4...
Ripple chases AI’s machine economy as XRPL stablecoins near $1 billion
Stablecoin liquidity on the XRP Ledger (XRPL) has nearly doubled over the past month, putting the network within reach of a $1 bil...
Kraken Adds USDCx Support On Canton As Institutional Stablecoin Rails Expand
TL;DR Kraken says it now supports USDCx deposits and withdrawals on the Canton Network. USDCx is described as a Canton-native stab...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Crypto News, June 12: Bitcoin Pump and Dump As Trump Says Iran Peace Deal “Closing” for The 40th time, Clarity Act Heats Up at SpaceX IPO Day
Trump is stirring the news and crypto with a fresh Iran peace deal, again. Also, we are in to witness SpaceX IPO as it kicks off w...
Sam Bankman-Fried loses appeal against crypto fraud conviction
The ruling underscores the judiciary's commitment to equating crypto fraud with traditional financial crimes, setting a stern prec...