China News Today TheBitTimes.com

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Cango (NYSE: CANG), a Shanghai-based automotive transaction services platform, has reportedly sold its legacy business in China to concentrate exclusively on Bitcoin mining. This significant strategic shift marks the company’s departure from its traditional automotive financing and trading operations. Cango Inc. to sell its PRC Business to Ursalpha Digital Limited for $351.94M, following the March 14th Letter of Intent. Details in the press release. https://t.co/v9DnPdUJTd #Cango #BusinessUpdate pic.twitter.com/tEYKzaCfPM — CANGO (@Cango_Group) April 3, 2025 According to sources familiar with the matter, Cango’s leadership believes that Bitcoin mining presents greater long-term potential than its existing business model. The divestment of its China-based operations is seen as a move to reallocate resources towards digital assets, which has gained considerable traction despite ongoing regulatory uncertainties. Divestment of Automotive Services Business ...

Wall Street Pepe, which had a successful presale and launched on Monday, has experienced a significant 40% price drop in the past 24 hours. This decline, coinciding with broader market volatility, has led many investors to shift their focus toward Solaxy’s innovative network solution, as they seek stability and potential in the face of ongoing crypto market challenges. Wall Street Pepe (WEPE) Price Prediction Wall Street Pepe exemplifies how early participation in promising projects can lead to significant returns. Despite recent turbulence, its underlying potential remains strong. The project was initially hailed as a lucrative presale opportunity for those willing to take an early risk, with many investors forecasting 10x, 20x, or even 100x gains. However, recent market volatility has led to a 40% price drop in the last 24 hours. This decline aligns with the broader downturn in the cryptocurrency market, highlighting the risks of short-term price fluctuations. Despite this...

The incoming Trump administration plans to expand CFTC Bitcoin regulation powers to oversee cryptocurrency spot markets. The administration will reduce SEC crypto oversight and implement less strict regulation for the $2.24 trillion digital asset market. This change comes as the industry faces regulatory uncertainty and increased crypto market volatility. Also Read: VeChain Outperforms Bitcoin, Solana: Will VET Hit 1 Cent Soon? How CFTC Bitcoin Regulation Could Shift SEC Crypto Oversight Amid Crypto Market Volatility Trump Administration’s Regulatory Vision The new CFTC Bitcoin regulation plan will give the commission control over BTC and Ethereum trading. This covers 70% of the global cryptocurrency market. The change moves away from SEC crypto oversight. The transition team is also planning a new White House role for cryptocurrency policy to reduce regulatory uncertainty. CFTC’s Stance on Digital Assets Crypto market volatility remains a top concern. CFTC Chair Rostin Benh...

Investing in cryptocurrencies can be thrilling, especially with the recent surges among top gainers like Nosana and Autonolas. However, the crypto market is notoriously volatile, driven by investor sentiment rather than underlying assets. To navigate this space, it’s crucial to approach investments with caution, focusing on popular coins and diversifying your portfolio. Today, we spotlight the top performers that have captured investor interest and show potential for growth.   Biggest Crypto Gainers Today – Top List Taking a little teaser, we see Nosana steal the spotlight today, soaring 37.55% to $2.85, with a staggering 25,774% annual growth—truly impressive. Autonolas isn’t far behind, boasting a 21.43% boost to $1.57, steady liquidity, and a 44% gain over the year.  OriginTrail follows with a solid 14.01% daily increase and a notable 107% growth over the past year. Even Bitcoin Cash joins the trend, posting a 2.44% gain in 24 hours and a steady ...

The Role of DeFi in Reducing Financial Inequality! In recent years, decentralized finance (DeFi) has emerged as a revolutionary force in the financial world, promising to democratize access to financial services and reduce financial inequality.  One of the most significant ways DeFi is reducing financial inequality is by providing greater access to financial services. Traditional financial systems often exclude individuals who lack access to banking infrastructure, credit history, or sufficient collateral. DeFi platforms, on the other hand, operate on blockchain technology, allowing anyone with an internet connection to participate. This inclusivity enables people from underserved communities to access loans, savings accounts, and investment opportunities that were previously out of reach. Democratizing Finance by Removing Intermediaries DeFi’s potential to democratize finance lies in its ability to remove intermediaries. Traditional financial systems rely on banks, brokers, and other ...

XRP, Ripple’s digital asset, is making waves in the cryptocurrency market. Analysts are pointing to significant investment opportunities in this blockchain technology, with many considering this coin a prime target for analyst investment. This report outlines Ripple’s coin’s current market position. As analysts predict significant returns, we’re curious to watch this digital asset and see how bullish it can be. Join us as we wait! Also Read: Top 3 Cryptocurrencies That Could Skyrocket Before 2024 End Ripple’s XRP: Analysts Predict Massive Gains Amid Market Volatility XRP Rises in Blockchain Rankings WOW! #XRP ranked second in top blockchains by token growth rate over the last seven days! pic.twitter.com/Qbld8E019p — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) August 13, 2024 XRP takes second place in weekly blockchain growth, jumping 13.27%. It outperformed big names like BNB Chain, Ethereum, and Solana. New Futures Listing Points to Possible XRP ETF BREAKING: BITNOMI...