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Malaysia enlists China to help end USD dependence for trade
5.4.2023
More proposals and currency concepts are emerging as Asia ramps up its efforts to distance itself from U.S. dollar hegemony
US-Saudi Tensions Escalate as Report Says Crown Prince Is No Longer Interested in Pleasing the United States
4.4.2023
After Saudi Arabia and members of the Organization of the Petroleum Exporting Countries (OPEC) surprised the world by announcing cuts to oil production, a spokesperson for U.S. president Biden’s National Security Council stated that reducing production is not advisable. According to a recent...
310,000 Private Digital Yuan Wallets Opened in China’s Nanjing Since 2022 – Is the CBDC Taking Off?
4.4.2023
Citizens in Nanjing, China, have opened more than 310,000 personal digital yuan wallets – with other cities in the nation also posting similar statistics.
Per the Nanjing Daily (via JS News), private citizens in the city – the capital of Jiangsu Province – have opened “over 310,000 digital yuan...
Midjourney AI users find workaround amid ban on Chinese President’s images
4.4.2023
Midjourney AI bans the creation of Chinese President Xi Jinping’s images, but users find ways to create deepfakes
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
4.4.2023
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as...
Ron Paul on the Fall of the US Dollar as Reserve Currency: ‘It’s Always Longer Than Some Predictions’
4.4.2023
Ron Paul, a former U.S. representative and member of the Libertarian Party, has addressed recent events directed to undermine the influence of the U.S. dollar as a reserve currency in international markets. Paul believes that even if this does happen, it will probably take more time than some...
Saudi Arabia and OPEC Reveal Surprise Oil Production Cut; White House Insists Cuts Aren’t Advisable Right Now
3.4.2023
On Sunday, Saudi Arabia and several major oil producers announced their plan to cut oil production by 1.15 million barrels per day, starting in May and continuing until the end of 2023. According to the Saudi Energy Ministry, the move was coordinated with some members of the Organization of...
BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report
2.4.2023
The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first step. The next one is to provide...
Crypto Biz: A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push
31.3.2023
Binance handles fear, uncertainty and doubt (FUD) surrounding its business future following a lawsuit from U.S. authorities
Is a housing crisis underway? Why crypto investors should care
31.3.2023
Cointelegraph analyst and writer Marcel Pechman explains if there is a housing crisis underway and why crypto investors should be paying attention
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
31.3.2023
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to...
China’s Digital Yuan Makes Import Tax, Commerce Breakthroughs – Are CBDCs Going Global?
31.3.2023
Central bank digital currency (CBDC) adoption continues apace in China – where the digital yuan is breaking new ground in the worlds of import taxation and cross-border commerce.
Securities Times reported that Guangdong, China, has begun issuing digital yuan import tax refunds....
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China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
31.3.2023
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural...
Russia talks up prospects of BRICS countries developing new currency
31.3.2023
A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency
US and China try to crush Binance, SBF’s $40M bribe claim: Asia Express
31.3.2023
Binance’s future threatened after superpowers try to crush it, SBF accused of massive bribe over trading in China, former OKX exec charged
Hong Kong fund plans to raise $100 million for crypto investment
30.3.2023
The new equity in Hong Kong will focus on the regional market and embrace Web3 startups
Controversial ‘Tiktok Ban Bill’ Sparks Concerns Among Cryptocurrency and Technology Advocates
29.3.2023
Cryptocurrency and technology proponents have recently been discussing a new bipartisan bill called the “Restricting the Emergence of Security Threats that Risk Information and Communications Technology (RESTRICT)” Act. In addition to targeting firms such as Kaspersky, Huawei,...
Binance concealed ties to China for years, even after 2017 crypto crackdown: Report
29.3.2023
Documents reviewed by the Financial Times show that Binance kept staff and operations in China despite announcing its departure in 2017
The Short-Sightedness of Run-Amok Regulators
29.3.2023
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks
Activision Blizzard May Have Pulled Out Of China Over Messy Miscommunication
29.3.2023
Last November, Activision Blizzard made a shocking decision when it suddenly ended its partnership with Netease, the company which brought games like Overwatch and World of Warcraft to China, after 14 years. Now we know why. According to the New York Times, Netease suggested it could sway Chinese...