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China Aiming for International Digital Yuan Expansion – e-CNY Going Global?
26.10.2023
There are clear signs China wants to take the digital yuan, its CBDC, into the global arena – with CIPS and BRI integrations in the pipelines. Per Alpha Factory (via EastMoney), fintech firms such as MOG Digitech Holdings are making headway in the CBDC sector, and are eyeing global uses...
Elon Musk, Vivek Ramaswamy Warn of Increasing World War III Risk — ‘The US as We Know It Will Cease to Exist’
26.10.2023
Tesla CEO Elon Musk and U.S. presidential candidate Vivek Ramaswamy have cautioned about the increasing risk of World War III erupting. “I think we are sleepwalking our way into World War III,” Musk said. Ramaswamy warned: “If we enter a major conflict, anything resembling World...
Researchers in China developed a hallucination correction engine for AI models
25.10.2023
The “Woodpecker” hallucination correction system can, ostensibly, be applied to any multi-modal large language model, according to the research
Today in Crypto: Team of Hackers Says It Can Get to 7,002 BTC Locked in Encrypted Hard Drive, Bitget Wallet Launches a 'Keyless' MPC Wallet
24.10.2023
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: Team of Hackers Says It Can Get to 7,002 BTC Locked in Encrypted Hard Drive, Bitget Wallet Launches...
On the Road to Yuan Internalization: Petrochina Completes First Digital Yuan Settlement
24.10.2023
Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the Shanghai Oil and Gas Trading Center platform, marks the first time...
Singapore Firm Strikes Cross-border Digital Yuan Deal with Chinese Bank
24.10.2023
A Singaporean payments firm has sealed a “cross-border” digital yuan cooperation deal with a major Chinese bank, in another breakthrough for the CBDC.
Per the Shanghai Securities News, the deal was concluded by Thunes, a global payment infrastructure provider, and the China Construction Bank...
Chinese digital yuan CBDC used for first time to settle cross-border oil deal
23.10.2023
CBDC and de-dollarization saw major strides last week with the 1-million barrel deal on the Shanghai Petroleum and Natural Gas Exchange
US official confirms military concerns over China’s access to cloud technology
23.10.2023
The confirmation comes as tensions between the U.S. and China continue to rise
Digital Yuan Enters Oil Market as PetroChina Finalizes First International Crude Trade in CBDC
23.10.2023
PetroChina inked a major deal on October 18, becoming the first company to complete an international crude oil trade using China's central bank digital currency (CBDC), the Digital Yuan. The transaction was reported by China Daily, a media outlet owned by the Chinese Communist Party.
This move...
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
23.10.2023
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange
People’s Bank of China Governor Vows to Curb Crypto Speculation
23.10.2023
The new governor of China’s central bank has promised to stop speculation associated with cryptocurrency transactions in the country. Pan Gongsheng made the vow in a report detailing measures to maintain the stability of the Chinese financial market and prevent risks. PBOC Prepares to Crack Down...
Gold Heats Up, China’s Gold-Backed Bond Move, and the 10-Year Treasury Note’s Ominous Rise
21.10.2023
In the turbulent macroeconomic landscape marked by clashes in Ukraine and Israel, and with the Fed’s Jerome Powell alluding to persistent and escalated interest rates, the 10-year Treasury note has soared to 5% — a milestone not seen since 2007. Amid this whirlwind, both gold...
Central Banks of China and UAE Sign MoU to Strengthen Digital Currency Cooperation
20.10.2023
The Central Banks of China and the United Arab Emirates (UAE) have recently signed memoranda of understanding (MoUs) relating to digital currencies during the third "Belt and Road" International Cooperation Summit Forum in Beijing this week.
The People's Bank of China (PBOC) has signed...
UK to target potential AI threats at planned November summit
18.10.2023
The summit scheduled for Nov. 1-2 will place significant emphasis on the potential existential threat that AI represents, a concern shared by several legislators
US expands export controls for AI semiconductor chips to China
17.10.2023
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others
Baidu unveils Ernie 4.0 AI system, says overall performance ‘on par with ChatGPT’
17.10.2023
The Chinese megacorporation claims its newest model rivals OpenAI’s popular model in generating text, images, and video
Chinese Bank Rolls Out Digital Yuan Supply Chain Financing Solution
17.10.2023
More Chinese banks want to use digital yuan-powered smart contracts in their operations, and hope to use the CBDC in the financing of supply chains.
Per Xinhua (via the People’s Daily), the Agricultural Bank of China will work on a solution with Luzhou Laojiao.
The latter is a traditional alcohol...
Bridgewater Founder Ray Dalio Warns of ‘Brutal World War III’ — Says China and US Are at Brink of Hot War
17.10.2023
Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, has warned that the U.S. and China are at the brink of a hot war. He has outlined a scenario where “we will see the transition from contained pre-hot-war conflicts to a brutal World War III.” Ray Dalio Warns...
Evergrande’s Economic Tremors Trigger Bank Run in Northern China
17.10.2023
Several reports say that the major Chinese real estate developer Evergrande’s downfall triggered a bank run in northern China last week. The bank run began after rumors spread that the financial institution, Bank of Cangzhou, allegedly loaned billions to the struggling company. This...
Canon's new technology competes with ASML in chip manufacturing
15.10.2023
The new system, FPA-1200NZ2C, can produce semiconductors matching a 5nm process and scale down to 2nm, surpassing the capabilities of the A17 Pro chip found in Apple's iPhone 15 Pro and Pro Max