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Shanghai Clearing House Introduces Support for Digital Yuan Settlements
28.6.2023
The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk, promoting the digital yuan, the Chinese central...
IMF Director: Iranians, Brazilians, Saudis Switching to Trade in Chinese Yuan as De-Dollarization Gains Momentum
28.6.2023
The International Monetary Fund’s (IMF) executive director for Russia says a growing number of countries are switching to trade in Chinese yuan, not only with China but also with third countries. He stressed that it is wrong for the U.S. dollar to be widely used globally given that the U.S....
Yuan Usage Soars in Argentina: Over 500 Companies Request to Pay for Imports in Chinese Currency, Report
27.6.2023
Over 500 companies in Argentina have reportedly requested to pay for imports using Chinese yuan as the U.S. dollar shortage worsens. “The central bank doesn’t have dollars so it needs the emergency aid China is offering,” a trade economist in Buenos Aires explained. Chinese Yuan Usage Hits Record...
How could the Chinese economic crisis impact Bitcoin and crypto?
26.6.2023
Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market
The importance of ‘ghost rate’ in gauging meaningful adoption
26.6.2023
Ghost Rate is not just a metric; it's imperative for brands seeking to tap into the transformative potential of blockchain technology
What is De-Dollarization? Exploring the Shift Away From the US Dollar’s Global Dominance
25.6.2023
From the latter half of 2022 and continuing into 2023, the concept of de-dollarization has gained significant traction, making its mark on the mainstream media. This surge in attention can be attributed to the concerted efforts of BRICS countries such as Brazil, China, and Russia, who...
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief
24.6.2023
According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy
Brazil to Push De-Dollarization Agenda at BRICS Meeting
24.6.2023
Brazilian President Luiz Inácio Lula da Silva has revealed his intention to raise the issue of de-dollarization at the next BRICS meeting. “Why Brazil and Argentina would trade in dollars. Why don’t we do it in our own currencies? Why can’t Brazil and China trade in their currencies?...
BRICS: History, objectives and an overview of the global alliance
23.6.2023
Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance
Ze střední Evropy bude obří čipové centrum, China Telecom v Česku, naskočte do vývoje pro Vision Pro
23.6.2023
Získávání klíčů pomocí videa. Podezřelé čínské šifrovací čipy v západní infrastruktuře. Češi spoluinvestují půl miliardy do polské AI. OpenAI chtěla, ale nechtěla být regulována. Zprávy z IT, každý pátek na Lupě
Russia Opposes French President Macron Attending BRICS Summit, Citing ‘Hostile and Unacceptable’ Policy Toward Moscow
23.6.2023
The BRICS leaders’ summit will take place in a couple of months, and French President Emmanuel Macron has reportedly expressed interest in attending. However, Russia believes it would be “inappropriate” for the French president to attend. “Clearly, leaders of states that pursue such...
China Warns Citizens of Consequences for ‘Facilitating’ Crypto Trades
23.6.2023
A Chinese ministry has warned citizens of the severe consequences of “facilitating” crypto transactions on behalf of other people.
The nation has exacted two sweeping crackdowns on crypto, one in 2017, and the other in 2021.
The first crackdown mainly targeted crypto exchanges, forcing most...
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...
Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’
21.6.2023
Despite warning about Bitcoin’s “worthlessness,” China has apparently never prohibited its citizens from HODLing the cryptocurrency
IMF Working on Platform to Support CBDC Cross-Border Interoperability
21.6.2023
The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would...
De-Risking From China Will Destroy Western Economies, Think Tank Founder Warns
21.6.2023
The founder of a German-based political and economic think tank has cautioned that attempts to de-risk from China “will only lead to the self-destruction of the economies of the West.” She stressed that de-risking policies would hurt their originators more than they could hurt China. The Risks...
Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down
20.6.2023
The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he "like[s] crypto" in December 2021
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking
20.6.2023
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy
Alibaba's Crypto Friendly Joseph Tsai Set to Become Chairman
20.6.2023
Joe Tsai, one of Alibaba’s founders, has been an active Web3 investor and once tweeted “I like Crypto.”
China Pilots Power- and Network-free CBDC Metro Payments
20.6.2023
The Chinese city of Quingdao will pilot an electricity- and network-free digital yuan public transport payments solution, marking another national first for the central bank digital currency (CBDC).
The news comes as another city in the pilot zone announced it will give away some $140,000 of CBDC...