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Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal

8.1.2023
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy...

Huobi Layoffs Spark Controversy and Speculation, Justin Sun Claims Everything Is Fine

6.1.2023
The cryptocurrency exchange Huobi is laying off 20% of its employees, according to multiple reports over the past two days. However, Huobi’s advisor Justin Sun, the founder of Tron, told the South China Morning Post that the layoff reports were untrue. A Huobi spokesperson later confirmed...

Chinese e-Commerce Titan Meituan Announces New Year Digital Yuan Giveaway

6.1.2023
The central People’s Bank of China (PBoC)’s digital yuan is set for another adoption drive as the Chinese New Year approaches: The domestic Chinese e-commerce giant Meituan has announced details of another token giveaway to celebrate the Year of the Rabbit. Lunar New Year, one of the biggest...

Asia Express: China’s NFT market, Moutai metaverse popular but buggy…

5.1.2023

Crypto regulation world: How laws for digital assets changed in 2022

4.1.2023
While regulations were once seen as hurdles to crypto adoption, they are now perceived as the fastest way to attain global mainstream adoption

IMF Warns of Tough Year Ahead for World Economy Citing Slowdown in US, EU, China

2.1.2023
The International Monetary Fund (IMF) has warned that 2023 will be a tougher year for most of the world economy because the U.S., EU, and Chinese economies are all slowing down simultaneously. “We expect one-third of the world economy to be in recession … Even countries that are not...

Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions

1.1.2023
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on...

China’s Digital Yuan Little Used, Former Central Bank Official Says

31.12.2022
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker...

Central Bank Gold Demand Rose at the Fastest Pace in 55 Years, Analyst Says Silver Could Outperform Gold in 2023

30.12.2022
According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargo’s head...

Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace

30.12.2022
The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat.... Read More: Chinese...

Former Chinese central banker says digital yuan ‘usage has been low’

30.12.2022
A former China central banker said cumulative e-CNY transactions only crossed $14 billion in two years, adding the results were “not ideal.”

Over 1,400 Chinese firms operating in blockchain industry, national whitepaper shows

29.12.2022
Despite partial crypto bans, the Chinese Government has included blockchain technology in official state development policy

China to Launch ‘Digital Asset Trading Platform,’ Media Report Unveils

29.12.2022
A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such...

Chinese Communist Party official pleads guilty to helping Bitcoin miners

29.12.2022
Xiao Yi, Communist Party Secretary of the City of Fuzhou, financially aided Bitcoin miners between 2017 and 2021

Today in Crypto: MicroStrategy Exploring Bitcoin Lightning Network-powered Solutions, China to Launch a State-backed NFT Marketplace, Fiji Elects Pro-BTC Prime Minister

29.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: MicroStrategy Exploring Bitcoin Lightning Network-powered Solutions, China to Launch a State-backed...

China plans to launch a regulated NFT marketplace

29.12.2022
China has announced its plans to launch the first regulated NFT marketplace in the country. The tentative date for the marketplace launch is January 01, 2023. It will allow users to trade digital items and copyrights related to them. Experts in the country have welcomed the move with a hint that...