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Syria Urges BRICS to Lead in Ditching Dollar, Talks Yuan Adoption With China

1.5.2023
BRICS nations can lead efforts to abandon the U.S. dollar in international settlements, according to President Bashar Assad of Syria. At a meeting with China’s top diplomat for the region, the leader of the war-torn Middle Eastern country called for using the Chinese yuan for cross-border trade....

Billionaire Ray Dalio Warns US and China on Brink of War, Beyond Ability to Talk — US-China Trade Could Collapse

30.4.2023
Bridgewater Associates founder Ray Dalio has warned that the U.S. and China are “on the brink of war” and “are beyond the ability to talk.” The billionaire added that their relations “are getting so bad” that U.S.-China trade could collapse. He cautioned that the next 18 months “will be a very...

Tencent Cloud to reportedly offer deepfake creation tool at $145

29.4.2023
Tencent Cloud’s deepfake creation service can analyze and train itself on three-minute videos and 100 voice clips to produce a convincing deepfake video within 24 hours

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

29.4.2023
The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than...

World’s Largest Regional Organization to Switch to Settlements in National Currencies

29.4.2023
A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a common currency. Shanghai Cooperation...

Hong Kong regulator requires banks to open accounts for crypto firms

28.4.2023
Hong Kong’s central bank has urged banks to provide services to crypto firms even before they receive the license

China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express

28.4.2023
Huawei unveils latest in wave of Chinese ChatGPT rivals, Alibaba’s multichain bridge, Hong Kong crypto exchange regulations imminent

Chinese Yuan Overtakes US Dollar as Most Used Currency to Settle Cross-Border Payments in China

27.4.2023
The Chinese yuan is now China’s most used currency for cross-border settlements. According to official data from the State Administration of Foreign Exchange, the Chinese yuan rose to be the most-used currency in March over the U.S. dollar, in a push from the Beijing government...

China's Metaverse Geared Towards Work and Health – Is This the Future?

27.4.2023
As Meta and other Western tech giants seek to create virtual worlds for consumers in the metaverse, China is taking a different approach. The Chinese government is backing technologies that it sees as strategic and setting rules to govern what can go on in cyberspace. Rather than creating...

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

27.4.2023
Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other...

China’s WeChat to Allow More In-app CBDC Payments – Digital Yuan Pilot “Accelerates”

27.4.2023
The Chinese tech giant Tencent has stated that its WeChat ecosystem will let users make digital yuan payments on applets and video channels. The move will allow WeChat users to pay via in-app applets using the Chinese central bank digital currency (CBDC). They will also be able to use the CBDC...

Today in Crypto: Bitpanda Joins Hands with Raiffeisenlandesbank, Galaxy Digital to Develop ETPs with DWS, China Expands CBDC on WeChat, NEAR Goes Live as Blockchain Operating System

26.4.2023
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: Bitpanda Joins Hands with Raiffeisenlandesbank, Galaxy Digital to Develop ETPs with DWS, China Expands...

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit

25.4.2023
Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number...

China Pushes Digital Yuan for Wage Payments in Changshu

25.4.2023
Changshu, a city in China with more than 1.5 million inhabitants, will pay public workers’ wages with the Chinese central bank digital currency (CBDC), the digital yuan. The move marks an acceleration of the adoption plans that Beijing has for the digital currency, which has been included...

Ron Paul on the Future of the US Dollar: ‘The World Is Clearly De-Dollarizing’

24.4.2023
Ron Paul, the former U.S. presidential candidate and former U.S. congressman, has stated that recent geopolitical events have caused nations to start ditching the U.S. dollar. Paul stated that the debasement of the currency, the manipulation of prices, and sanctions against other nations have made...

China City to Pay Salaries ‘100%’ in Digital Yuan – Is CBDC Adoption Accelerating?

24.4.2023
A Chinese city wants to pull of a world’s first – by becoming the first city to pay its employees entirely in a central bank digital currency (CBDC). The move would be a massive breakthrough for the central People’s Bank of China (PBoC) and its digital yuan token.... Read More: China City to...