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Auradine is aiming to expand its presence in the Bitcoin mining market, but it faces strong competition from established Chinese manufacturers. Auradine, a Silicon Valley-based startup that specializes in equipment for AI data centers and Bitcoin mining, has announced a raise of $153 million in a Series C funding round. The new capital will go…
Reuters reports local governments in China are using private companies to sell seized crypto, going against the country’s trading ban. Local governments in China are reportedly seeking ways to offload seized crypto while facing challenges due to the country’s ban on crypto trading and exchanges. The lack of rules around how authorities should handle seized…
The Trump trade war has gone viral on TikTok, pushing a Chinese e-commerce app, DHgate, to the top of the U.S. App Store. After Trump increased U.S. tariffs on Chinese imports by 145%, numerous Chinese suppliers and manufacturers began making TikTok videos explaining to consumers how the global luxury goods market actually works. The clothing,…
The Bitcoin network is especially vulnerable to geopolitical tensions because of its physical hardware requirements, crypto executives said. Escalating geopolitical tensions threaten to balkanize blockchain networks and restrict users’ access, crypto executives told Cointelegraph. On April 9, US President Donald Trump announced a pause in the rollout of tariffs imposed on certain countries — but…
Bitcoin may punish bulls if China ups the stakes in the ongoing trade war with the US, QCP Capital warns as markets await a response to tariff hikes. Bitcoin (BTC) risks becoming part of a “classic bull trap” when the US-China trade war takes its next step, analysis warns. In its latest bulletin to Telegram…
XRP rallies 13% to reclaim the $2 level after the successful launch of the XXRP ETF and a surprise 90-day US tariff pause announcement from President Trump. XRP (XRP) price is up 13% on the day, trading above the $2 level after President Donald Trump announced a 90-day pause on all reciprocal tariffs, except for…
Bitcoin finds stability as US stocks bounce back, and the longer-term outlook improves as traders anticipate China’s yuan devaluation move to benefit BTC price. Bitcoin (BTC) danced around $80,000 at the April 8 Wall Street open as US stock markets staged a fresh recovery, but unresolved tensions between China and the US continue to put…
The People’s Bank of China could provide the catalyst to resume the Bitcoin bull market, according to BitMEX founder Arthur Hayes. China’s response to America’s sweeping trade tariffs could result in capital flight to Bitcoin and crypto, according to BitMEX founder Arthur Hayes. “If not the Fed [Federal Reserve], then the PBOC [People’s Bank of…
Bitcoin showed signs of decoupling from stocks last week, but today’s drop below $80,000 suggests BTC and altcoins are primed for a sell-off when US equities markets open. Last week, Bitcoin (BTC) began showing early signs of decoupling from the US stock markets. Bitcoin was relatively flat over the week, while the S&P 500 plunged…
Bitcoin adds gains as US stock markets drop a record $3.5 trillion in value and Federal Reserve Chair Jerome Powell warns of “higher inflation and slower growth.” As stock markets crumbled for a second day on April 4, US Federal Reserve Chair Jerome Powell said that the Trump administration’s “reciprocal tariffs” could significantly affect the…