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Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining

[Apr 21 11:33 PM] The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy has also urged its citizens to be vigilant of…

Hong Kong Bitcoin ETFs to Trade by April 30th: Reports

[Apr 17 8:48 AM] Hong Kong's highly anticipated spot bitcoin exchange-traded funds (ETFs) are slated to launch by the end of April, according to various industry sources.NEW: Hong Kong #Bitcoin ETFs to start trading by 30th April and could bring in $25 billionâ€

Bitcoin To $100,000: Can Hong Kong’s Spot ETFs Make It Happen?

[Apr 11 1:30 AM] In a recent analysis, Stanislas Bernard, the founder of Sinz 21st.Capital, delved into the complexities surrounding Hong Kong’s consideration to approve spot Bitcoin ETFs against the backdrop of China’s escalating economic crisis. With…

Hong Kong's Incoming Spot Bitcoin ETFs Could Be 'Big Deal.' Here's What Analysts Say

[Apr 10 2:13 PM] Massive demand for a China-listed gold ETF sent its premium soaring to 30% earlier this week.

Filecoin Liquid Staking Platform STFIL Claims Team Members Under Investigation by Chinese Police

[Apr 9 3:29 AM] Tokens on the platform were moved to an "unknown, external address" last week while its team members were under detention.

Central Banks Kept Purchasing Gold in February; China Continues Gold Run

[Apr 8 10:19 AM] Central banks kept up demand for gold in February, registering net purchases of 19 tonnes. Albeit the purchasing trend continued, purchases fell 58% compared to January’s demand, according to IMF and World Gold Council numbers. China reported…

Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

[Apr 3 5:26 PM] The Chinese government is reportedly launching an “ultra-large-scale blockchain infrastructure platform for the Belt and Road Initiative.” The platform will support the implementation of cross-border cooperation projects along the Belt…

Convicted UK Woman Found With $4B in BTC, the SEC Seeks $2B Fine From Ripple, and More — Week in Review

[Mar 31 6:39 AM] A London woman has been convicted for money laundering, having been found with over $4.3 billion in bitcoin, which she converted into physical assets. The SEC is seeking a nearly $2 billion fine from Ripple Labs in a landmark XRP lawsuit, a move…

Report: China Could Be Hoarding Over 5,300 Tonnes of Gold, Might Create Price ‘Perfect Storm’

[Mar 24 3:30 PM] A recent report from Jan Nieuwenhuijs, an expert in the Chinese gold market, has found that the actual gold reserves held by the People’s Bank of China might comprise over 5,300 tonnes, dwarfing official numbers. Nieuwenhuijs explains China…

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

[Mar 4 11:40 PM] The five-nation BRICS group comprising Brazil, Russia, India, China and South Africa will work on creating a payment system based on blockchain and digital technologies, a report by Russian news agency TASS said.

Bitcoin Is Hitting All-Time Highs Around the World

[Feb 29 1:49 PM] Bitcoin is trading at a premium in many of the world's currencies because of their relative weakness to the USD

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System

[Feb 27 4:30 PM] Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov…

Digital Yuan Now Used to Complete Car Prepurchase Payments

[Feb 23 2:00 AM] The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with…

Chinese Partnership to Bring Large-Scale Bitcoin Mining to Ethiopia

[Feb 19 7:30 AM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…

China Never Completely Banned Crypto

[Feb 5 5:28 PM] Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. How is that possible?

Affected by the National Stock Market Downturn, Chinese Investors Have Flocked to Gold

[Feb 1 11:30 AM] Chinese investors have been buying gold as an investment, motivated by the poor performance of traditional stock and property options. According to World Gold Council (WGC) reports, China had the largest demand for gold for jewelry and investment…

China’s AML Legal Framework Set to Target Cryptocurrency Transactions in Major Update

[Jan 31 6:00 PM] As part of its ongoing efforts to modernize financial regulations, China is revising its Anti-Money Laundering laws to include stringent measures against cryptocurrency-related transactions. This revision, the first since 2007, aims to plug the…

BRICS Meeting: Iran Pushes for Common Currency — China, Russia Prioritize Settlements in Local Currencies

[Jan 30 10:30 PM] The first BRICS sherpa meeting with 10 member states has kicked off in Russia with representatives from Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Iran, Egypt, and Ethiopia. China, Russia, and Iran are all…

Famed Analyst Richard Bove Says US Dollar Is Finished as World’s Reserve Currency — Expects China to Overtake US Economy

[Jan 30 9:00 PM] Renowned financial analyst with over 54 years of experience, Richard Bove, has warned that the U.S. dollar is finished as the world’s reserve currency, cautioning that China will overtake the U.S. economy. He warned that the offshoring of…

China Emerging As Surprising Source Of Bitcoin Demand

[Jan 30 1:02 PM] The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now…

Chinese Investors Are Turning to Crypto Amidst a National Stock Market Slump

[Jan 26 6:30 PM] Chinese investors are increasingly putting part of their portfolios in cryptocurrency due to the state of the national stock market. According to reports, investors are using exchanges like Binance or Okx, or Hong Kong local exchanges, to purchase…

Bitcoin Attracts Millions In Chinese Capital Despite Ban: Report

[Jan 25 12:00 PM] Chinese investors remain resolute in their pursuit of Bitcoin, despite the government’s ban since 2021. Bitcoin continues to attract substantial investment from Chinese capital, as Reuters reports today. Mainland China Is Still Buying Bitcoin…

Bitcoin Unphased by China's Stimulus Plan

[Jan 23 12:21 AM] Hong Kong's Hang Seng Index and the CSI 300 both responded to Beijing's plan to reboot China's domestic stock market, but bitcoin remains in the red.

China Pushes Metaverse Standardization Group to Establish the Rules of the Yuanverse

[Jan 22 9:00 PM] The government of China has announced the creation of a metaverse standardization working group to establish different rules to govern the Chinese Yuanverse platform. The standardization group will be integrated by Chinese universities, government…

US Senator Marco Rubio Warns BRICS Expansion Threatens Western Sanctions’ Effectiveness

[Jan 22 5:30 PM] Florida Senator Marco Rubio expressed his worries about the increasing influence of BRICS, the international group, in the world’s economic system. According to Rubio, if the group keeps expanding, it will be a valid alternative to the…

China's Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ

[Jan 18 10:47 AM] Physical trading is most popular in China's inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters.

Lavrov Highlights 30 Nations’ Interest in BRICS as China-Saudi Pact Poses Challenge to US Dollar

[Dec 27, 2023 4:30 PM] In a recent statement by Sergey Lavrov, Russia’s Foreign Affairs Minister, he noted that the BRICS bloc is set to expand in 2024 with new members including the United Arab Emirates (UAE), Iran, and Saudi Arabia. He revealed that approximately…

China’s State Administration of Foreign Exchange Cracks Down on $2.2 Billion Crypto Exchange Ring

[Dec 25, 2023 11:30 PM] The Chinese State Administration of Foreign Exchange (SAFE) has cracked down on an underground bank that used crypto to offer illegal exchange services. The operation, which had over 1,000 bank accounts and a presence in 17 provinces, moved over…

China Vows to Clarify Web3, NFT Development Path

[Dec 20, 2023 5:44 AM] Moving forward, China's Web 3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.

Economist Jim Rickards’ ‘Tumultuous’ and ‘Shocking’ Predictions: Global Recession and a New Banking Crisis to Ensue in 2024

[Dec 20, 2023 2:00 AM] Jim Rickards, a famous economist and investment lawyer, has predicted a year of turmoil for global economies in 2024. According to Rickards, the U.S. Federal Reserve will be unable to pull off a soft landing scenario, prompting a global recession…