China’s ever-evolving relationship with cryptocurrency has been turbulent, the country regularly accepting and then recoiling from the practice with an iron fist. It’s a good problem to have, but now a new chapter is unfolding as the nation finally starts to sell off seized crypto assets. This move presents both...
China banned crypto. We get it. So concerns about capital flight, financial instability are all totally understandable. What happens after you ban it? Supposedly, you take federal property, you liquidate it, and you use the revenues to fund shortfalls in state and local government budgets. Fine, but is that all...
The cryptocurrency market is always in motion, influenced by various factors ranging from technological advancements to regulatory changes and geopolitical events. Recently, the potential impact of China's seized Bitcoin holdings has become a topic of significant discussion. According to reports, Chinese local governments held approximately 15,000 BTC as of December...
The headlines are buzzing: China’s government is sitting on a mountain of seized cryptocurrency. That feels like something you’d read in a dystopian fiction book, right? It's real. Well, if you’re in the crypto space, or thinking about it, you should be, and this is something you really need to...
China's crypto ban and the subsequent mountain of seized Bitcoin – it's a mess, right? Now, this is where the story gets really interesting – and surprising. Forget the West's hand-wringing about market crashes. Let's talk about Africa, the forgotten continent in this digital gold rush, and why China's problem...
China’s crypto problem – a literal ton of it, in fact, recently-crushed crypto seized from all kinds of illegal activities. But here's the twist: this problem could be a solution for the Global South, or it could be a new kind of exploitation. Which way it tips is completely up...
Meanwhile, China has made an all-out assault on crypto especially Bitcoin, entirely illegal. Ironically, it is now local governments that are tasked with storing millions of dollars in seized Bitcoin. This surprising turn of events produces a confusing legal, ethical, and financial tangle. It raises an alarm to critical debates...
China now suddenly finds itself up the creek without a cryptocurrency paddle. Is this fiscal lifeline or moral hazard abyss? The truth, I would argue, tells us a great deal about the future of our nation as well. This goes beyond digital assets. It’s more than that though. It’s the...
Is China’s alleged $16 Billion Bitcoin fire sale the best chance for African investors to make it big, or a wolf in sheep’s clothing? That's the million-dollar question, isn't it? And quite frankly, it deserves more than a 140-character, surface-level response.Bitcoin's Allure: Empowerment or Illusion?Cryptocurrency—especially Bitcoin—has a seductive power, particularly...
A whopping $16 billion. That's the alleged figure circulating about China's Bitcoin liquidation. Sixteen. Billion. Dollars. Let that sink in. While some are licking their chops and seeing dollar signs, I see a big flashing red light. This isn’t just another crypto blip folks, this is a possible tectonic shift,...