[Jul 23, 2023 3:30 AM] Singapore, the United States and Japan top the global chart in terms of sovereign debt per capita, according to research based on U.N. data. The burden of government debt for every American is 10 times heavier than that for a Chinese citizen…
[Jul 22, 2023 9:30 PM] China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official…
[Jul 22, 2023 7:30 PM] The heavily anticipated BRICS currency is not on the agenda to be discussed at the economic bloc’s upcoming leaders’ summit, according to South Africa’s diplomat in charge of BRICS relations. He clarified that the BRICS members will focus on…
[Jul 21, 2023 2:37 AM] The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform.
[Jul 20, 2023 1:30 PM] Russian President Vladimir Putin will not travel to Johannesburg for the BRICS summit in August, according to the office of his South African counterpart. Moscow will send Foreign Minister Sergey Lavrov instead, the Kremlin confirmed, emphasizing…
[Jul 20, 2023 8:30 AM] Tesla’s Q2 2023 Update reveals that the American electric car and clean energy company refrained from selling any of its bitcoin (BTC) or cryptocurrency holdings in the previous quarter. For the past three quarters, Tesla has maintained a…
[Jul 19, 2023 5:36 AM] China looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, the Animoca co-founder said.
[Jul 17, 2023 3:19 PM] As investors’ euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact the BTC price.
[Jul 16, 2023 2:00 PM] Janet Yellen, serving as the 78th U.S. Treasury secretary, emphatically declared on Sunday that bolstering Ukraine represents “the single best thing we can do for the global economy.” Furthermore, Yellen expressed caution regarding the…
[Jul 14, 2023 3:22 AM] Multichain said it has been forced to take the action "due to lack of alternative sources of information and corresponding operational funds."
[Jul 12, 2023 10:30 PM] The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and near-field communication (NFC) payments tethered to the renminbi. The Bank of China explains that the…
[Jul 12, 2023 10:00 AM] Conflux (CFX) has recently recorded a significant price rise following a few days of bearish movements. According to data from CoinMarketCap, CFX has gained by 11.39% in the last 24 hours, emerging as the day’s top gainer. So what’s…
[Jul 12, 2023 3:27 AM] The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities.
[Jul 11, 2023 5:56 AM] China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency.
[Jul 11, 2023 3:25 AM] Sources close to Chinese officials say the draft rules for AI developers have been updated to include acquiring a license before releasing generative AI systems.
[Jul 11, 2023 12:08 AM] Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.
[Jul 10, 2023 2:21 PM] Republican members of Congress stepped up their allegations of Prometheum’s ties to the Chinese Community Party, claiming potentially false or misleading statements to the SEC.
[Jul 10, 2023 8:00 AM] Set to take place in less than two months, the upcoming BRICS Summit in Johannesburg, scheduled for August 22 to 24, has captured global attention. Anticipation is mounting as ministers from the BRICS countries convene to explore potential avenues…
[Jul 10, 2023 3:23 AM] China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
[Jul 10, 2023 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Bolivian President Luis Arce calls for de-dollarization at the Southern Common Market Summit, Reserve drops…
[Jul 9, 2023 2:30 PM] A recent report released by K33 Research three days ago reveals that as of July 2023, the cryptocurrency industry boasts approximately 10,000 companies, employing an estimated 190,000 crypto professionals. Notably, K33 provides a comprehensive…
[Jul 8, 2023 8:00 PM] The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to…
[Jul 8, 2023 8:32 AM] This week’s Crypto Biz also explores Gemini’s fight with the Digital Currency Group (DCG) over user funds, new banking tools for the digital yuan, and OpenAI’s efforts to stop users from jumping paywalls.
[Jul 5, 2023 6:00 AM] Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure.
[Jul 5, 2023 4:25 AM] Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen.
[Jul 4, 2023 7:30 PM] Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share…
[Jul 4, 2023 5:15 AM] The Chinese government has announced that it plans to control the export of gallium and germanium products that are heavily used to produce semiconductors.
[Jul 4, 2023 12:00 AM] While metaverse and virtual world projects have nosedived, a recent report of Dappradar, a Web3 tracking site, has revealed that venture capital firms have invested $707 million in these projects since the start of 2023. This means that, even when…
[Jul 2, 2023 12:30 AM] According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on…
[Jun 29, 2023 3:03 AM] Officials in the United States are considering restricting the computing power of chips to lessen the flow of AI chips available in the Chinese market.
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