Okay, I'm not familiar with Beilinson's paper, but here's my take on this. First let's recall the two definitions. I will denote the triangulated category of motives over a field $k$ by $DM(k)$ (for any of the equivalent definitions that are available); I am taking $\mathbb{Q}$-coefficients and looking only at compact objects, although I'm not sure the last is necessary. Also, I am not good with homological notation, so I will use cohomological notation all along, beware ! For example, for me $X[1]$ will mean "$X$ put in degree $-1$" and the motive of $\mathbb{G}_m$ will be $\mathbb{Q}\oplus\mathbb{Q}(-1)[-1]$ (where $\mathbb{Q}$ is the unit for the tensor product, i.e., the motive of $Spec(k)$). Sorry, but I'm too afraid to make a mistake if I try to translate.
So, first here is Hanamura's definition of the $t$-structure. He assumes that all the Grothendieck standard conjectures, Murre's conjecture and the vanishing conjectures are true, and this implies in particular that any realization functor $H:DM(k)\longrightarrow D^b(F)$ (where $F$ is an appropriate field of coefficients) is faithful. He defines a $t$-structure, say $({}^H D^{\leq 0},{}^H D^{\geq 0})$ on $DM(k)$ by taking the inverse image by $H$ of the usual $t$-structure on $D^b(F)$. Of course, you have to prove that it is indeed a $t$-structure (and independent of the realization functor), and he does this. He calls the heart the category of mixed motives over $k$, say $MM(k)$. If $X$ is a variety over $k$, we can associate to it a (cohomological) motive $M(X)$ in $DM(k)$, and I will denote by $H^k_M(X)\in MM(X)$ the cohomology objects of $M(X)$ for Hanamura's $t$-structure. Hanamura also proves that every mixed motive has a weight filtration, that is a filtration whose graded parts are pure motives, and he proves that pure motives are semi-simple and that all irreducible pure motives are direct factors of motives of the form $H_M^k(X)(a)$, where $X$ is a smooth projective variety.
Now to Voedvodsky's definition. I have tried to understand it, then rewrite it in cohomological notation, so directions of maps and shifts may have changed, but I think I still got the spirit of it. What he does is something like this : Define a full subcategory ${}^VD^{\geq 0}$ of $DM(X)$ by the condition that an object $M$ is in it if and only if, for every affine scheme $f:U\rightarrow Spec(k)$ that is purely of dimension $n$, for every $m>n$ and every $a\geq 0$, $Hom_{DM(k)}(f_*\mathbb{Q}_U(a)[m],M)=0$. I would like to make a few remarks. First, what I denoted by $f_*\mathbb{Q}_U$ is just my $M(U)$ of the preceding paragraph, but I wrote it like this because it will make the generalization to a general base scheme $S$ more clear; my notation makes sense if I allow myself to remember that we now have categories of motives over a very general base and the 6 operations on them (and if I say that $\mathbb{Q}_U$ is the unit motive in the category of motives over $U$). Second remark, I added twists whereas Voedvodsky's definition doesn't have any. The reason I did this is because Voedvodsky makes a definition only for effective motives, and I didn't see how to make ${}^VD^{\geq 0}$ stable by $(1)$ unless I added it in the definition (but maybe it is not necessary). Third remark, remember, cohomological notation, and for me passing from effective to general motives means inverting $\mathbb{Q}(-1)$, not $\mathbb{Q}(1)$ (in my world, $\mathbb{Q}(-1)$ is effective).
Ah, yes, and then Voedvodsky defines ${}^VD^{\leq 0}$ as the left orthogonal of ${}^V D^{\geq 1}:={}^VD^{\geq 0}[-1]$.
Anyway, what is the motivation for Voedvodsky's definition ? Here are a few principles. First, motivic $t$-structure on motives over a base $S$ should correspond (by the realization functors) to the (selfdual) perverse $t$-structure on complexes of sheaves over $S$. Second, if $f$ is an affine map of schemes, then ${f_*}$ is right $t$-exact for the perverse $t$-structures. Third, for any scheme $U$, the constant sheaves over $U$ are concentrated in perverse cohomology degree $\leq dim(U)$. So, if I come back to my situation above : $f:U\longrightarrow Spec(k)$ is an affine variety over $k$, purely of dimension $n$, $a\geq 0$, $m>n$, then $\mathbb{Q}_U(a)[m]$ should be concentrated in degree $<0$ for the motivic $t$-structure on the category of motives over $U$, and so $f_*\mathbb{Q}_U(a)[m]$ should be concentrated in degree $<0$ for the motivic $t$-structure on $DM(k)$, and it should be left orthogonal to elements that are concentrated in degree $\geq 0$. What Voedvodsky says is that this is enough to characterize the elements concentrated in degree $\geq 0$.
From this, the natural generalization of Voedvodsky's definition to a general base scheme $S$ is obvious : replace affine schemes $U\longrightarrow Spec(k)$ by affine maps $U\longrightarrow S$ (or maps $U\longrightarrow S$ such that $U$ is affine, I don't think it will make a difference).
So, are the two $t$-structures the same ? I think so. A first obvious observation is that ${}^HD^{\geq 0}\subset{}^VD^{\geq 0}$, that is, every object of ${}^HD^{\geq 0}$ is right orthogonal to motives ${{f_*}\mathbb{Q}(a)[m]}$ as above. This follows from the faithfulness of the realization functor and the fact that this would be true in the usual categories of sheaves (see the remarks above). We also know that ${}^HD^{\geq 0}$ is the right orthogonal of ${}^HD^{\leq -1}$, by the definition of a $t$-structure. So, what we have to see is that ${}^VD^{\geq 0}$ is right orthogonal to ${}^HD^{\leq -1}$, that is, that a motive that is right orthogonal to every $f_*\mathbb{Q}_U(a)[m]$ as above is right orthogonal to the whole ${}^HD^{\leq -1}$.
Here is one way to do this : Let $C$ be the smallest full additive subcategory of ${}^HD^{\leq -1}$ that is stable by isomorphism, direct summand, extension and contains all the objects of the form $f_*\mathbb{Q}(a)[m]$ as above. It is enough to show that $C={}^HD^{\leq -1}$. Noting that ${}^HD^{\leq -1}$ is generated (in the same way : direct sumands, isomorphisms, extensions) by objects of the form $H^k_M(X)(b)[l]$, for $X$ a smooth projective variety, $l>k$ and $b\in\mathbb{Z}$, I think that this is an easy exercise, playing with hyperplane sections of smooth projective varieties. (I had a bit a trouble with the fact that $C$ is stable by Tate twists. We know that $M(U)(-1)$ is a direct factor of $M(U\times\mathbb{G}_m)[1]$, so stability by $(-1)$ is not a problem. But I couldn't show stability by $(1)$ unless I put it in the definition.)
edit: corrected dollar sign
Best Answer
The precise relationship between K-theory and motivic cohomology for smooth schemes is the (analog of the) Atiya-Hirzebruch spectral sequence. This generalizes to non-smooth schemes if one uses K'-theory and higher Chow groups.
It is easy to see that motivic cohomology cannot be used to recover K-theory, because it does not detect nilpotents. For example, $k[t]/t^2$ has K-theory different from $k$, but motivic cohomology is the same. cdh-descent than gives examples for reduced schemes (look at a cusp).
There are some approaches (Bloch-Esnault) to beef up cycles to get results in the above examples.
As for your original question, recover motivic cohomology from K-theory, this might be possible, but I have no result to offer.