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Digital Yuan ‘Spurs Rise in Mainland China-Hong Kong Cross-border Payments’
24.8.2023
The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested.
Per China Fund News, via the Securities Times, certain types of “cross-border payments” between Mainland China and Hong Kong, as well as the mainland...
China launches blockchain-powered data exchange
23.8.2023
The platform will facilitate the buying and selling of Web3 data among enterprises; Alibaba Cloud and Huawei are among the companies to participate
Multichain victims search for answers in $1.5B exploit as new evidence emerges
23.8.2023
Chinese police may have busted Multichain in a money laundering investigation, but many questions remain, including its CEO’s alleged fake ID
Official Hints China Could Pit Expanded BRICS Against G7
22.8.2023
China may be in the process of building an expanded BRICS to pit the bloc as a geopolitical rival for the Group of Seven (G7) nations, as per statements from a Chinese official. In its upcoming summit that will take place in Johannesburg, the bloc will discuss the conditions of adding nations like...
Chinese official sentenced to life in prison for Bitcoin mining, corruption
22.8.2023
Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise
Today in Crypto: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams, Phantom Launches the 'Sign In With Solana' Feature
22.8.2023
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: Thailand May Banish Facebook Because of Crypto Scam Ads, Terra Freezes Website Due to Phishing Scams...
Germany proposes to screen Chinese investment in AI and related sectors: Report
22.8.2023
The German government proposed tighter export controls on China for semiconductors and AI technology similar to measures from U.S. regulators
China to extend its Social Credit System across the metaverse
22.8.2023
POLITICO recently shared a new report offering insights into China’s upcoming plans regarding the online sphere. The report suggests China plans to extend its renowned social credit system across the metaverse. The system will also be applicable to other virtual worlds, showcasing the growing...
Dutch ING Bank Analysts: BRICS Expansion to Power De-Dollarization Across World Economies
22.8.2023
Analysts of ING bank believe the de-dollarization trend that has been growing in the world might pick up momentum due to the possible expansion of the BRICS bloc. While the issuance of a BRICS common currency remains uncertain, according to some developing narratives, the Chinese yuan could become...
China Wants To Implement Social Credit System With Digital IDs In The Metaverse
21.8.2023
A new report suggests that China is pushing proposals aiming to transplant its traditional social credit system to the metaverse as it seeks to establish greater control.
According to Politico, the proposals were initially drafted by China Mobile, the state’s telecom provider termed the “Digital...
Bitcoin Price Prediction: Dollar Instability, De-Dollarization Effects, China's Concerns
21.8.2023
The BTC/USD is currently experiencing a decline of 0.25%, with its trading price at $26,025. Amidst the backdrop of dollar instability, there arise significant challenges to the ongoing efforts of de-dollarization, ultimately posing potential ramifications for Bitcoin's prices.
Furthermore...
China proposes to bring its social credit system to the metaverse: Report
21.8.2023
Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse
China's Deflationary Woes and the Ripple Effect on Bitcoin
20.8.2023
China's economy slipping into deflation for the first time in more than two years might have negative near-term impacts on Bitcoin (BTC).
In the latest episode of Macro Markets, analyst Marcel Pechman argued that deflation in China, which economists believe is an issue, would leave short...
BRICS Expansion Will Speed Up De-Dollarization, Chinese Expert Says
20.8.2023
As more countries join the BRICS economic bloc, there will be a significant increase in settlements using national currencies, leading to an acceleration in the de-dollarization process, a Chinese expert says. “For most developing countries, development is a top priority. That is why the BRICS...
Economist Lord Jim O’Neill Calls BRICS Currency Idea ‘Ridiculous’ — Says China and India Never Agree on Anything
20.8.2023
Lord Jim O’Neill, the British economist credited with coining the acronym BRIC, calls the creation of a common BRICS currency “ridiculous,” emphasizing that the BRICS nations have “never achieved anything since they first started meeting.” He added: “It’s a good job for the West that...
China facing deflation may be bad news for Bitcoin
19.8.2023
Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin
China’s Shanghai and Suzhou Ready Fresh CBDC Adoption Drive
18.8.2023
The Chinese cities of Shanghai and Suzhou are eyeing more digital yuan adoption progress as the nation tries to drive up interest in its CBDC.
The central People’s Bank of China (PBoC) recently claimed that almost $250 billion worth of CBDC transactions had been processed in the nation to date....
BRICS Summit Looms: Expert Warns of ‘Dramatic’ Shifts, US Dollar’s Wane, and Wall Street’s Blind Spots
18.8.2023
Market expert Peter Grandich is urging the masses to keep a close eye on the BRICS bloc of burgeoning countries, hinting that specific partnerships might usher in “dramatic” ramifications. In just five days, the much-awaited BRICS Summit will convene, and Grandich believes...
Why did Bitcoin drop? Analysts point to 5 potential reasons
18.8.2023
Bitcoin's price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop
Real reason for China’s war on crypto, 3AC judge’s embarrassing mistake: Asia Express
18.8.2023
Sources reveal the real reason China is ramping up efforts to stamp out Bitcoin and crypto. And a year’s worth of 3AC court orders nixed