[Sep 29 2:30 AM] A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of…
[Sep 27 2:30 AM] Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at increasing Russia’s and…
[Sep 26 8:08 PM] According to CryptoQuant founder Ki Young Ju, Chinese mining pools control 55% of the network hashrate, while US mining pools control 40%.
[Sep 26 3:54 PM] Bitcoin is back to levels not seen in nearly two months as it pushed past the $65,000 mark during U.S. late morning hours on Thursday.
[Sep 26 1:30 AM] BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert Herbert Poenisch. He noted the BRICS group may discuss alternatives to the petrodollar at their Kazan…
[Sep 26 12:45 AM] Bitcoin lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impacted investor sentiment.
[Sep 25 6:30 AM] North Korea may be ramping up efforts to align itself with the BRICS economic bloc, as its top diplomat skipped the United Nations General Assembly in favor of a BRICS-related event. Analysts suggest that while Kim Jong-un seeks to break diplomatic…
[Sep 24 4:05 PM] According to metrics shared by Ki Young Ju, the founder and CEO of cryptoquant.com, mining pools in China currently dominate 55% of Bitcoin’s network hashrate, while U.S.-based mining pools control about 40%. Chinese Pools Still Control Majority of…
[Sep 24 4:38 AM] People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
[Sep 24 12:30 AM] Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on…
[Sep 23 3:30 AM] Russian Foreign Minister Sergey Lavrov has backed former U.S. President Donald Trump’s remarks about the negative effects of U.S. sanctions on the dollar and the American economy. Lavrov agreed that sanctions imposed by the Biden…
[Sep 23 1:30 AM] China’s slowing economy is poised to redefine its global trade relationships, particularly with the Global South. Assistant professor Ning Leng of Georgetown University’s McCourt School of Public Policy discussed how these internal economic…
[Sep 22 8:30 PM] The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that…
[Sep 19 12:40 PM] Chinese authorities’ recent actions to define crypto as a money laundering tool could influence the performance of its billion-dollar gaming industry. SCMP’s Hugh Harsono argues that these measures may affect games like Metacene, which…
[Sep 19 2:30 AM] New data shows that 134 countries, representing 98% of global GDP, are now exploring central bank digital currencies (CBDCs), with 66 nations advancing to pilot or development stages. Every G20 nation is engaged in CBDC efforts, with notable…
[Sep 17 7:45 PM] Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last.
[Sep 17 1:30 AM] BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct economic activities without…
[Sep 16 7:45 PM] Bitcoin price wobbles near $58,000 as uncertainty over the Fed’s monetary policy decision looms and traders eyeball weak economic data in China.
[Sep 14 9:45 PM] According to the Chinese government, 1,391 individuals have been prosecuted on money laundering-related charges in the first half of 2024.
[Sep 14 7:35 PM] China is moving to update its legislation to tackle new money and cryptocurrency money laundering crimes. The Chinese Congress is set to introduce new money laundering concepts in the second review of the money laundering law draft revision, which…
[Sep 13 5:10 PM] Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to…
[Sep 13 11:20 AM] The Federal Bureau of Investigation (FBI) has warned of a rising business email compromise (BEC) threat, responsible for $55 billion in global losses over a decade. The scam has affected all 50 U.S. states and 186 countries, with funds frequently…
[Sep 13 3:30 AM] Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration of new members, sharing…
[Sep 11 3:30 AM] China’s digital yuan initiative has advanced considerably, backed by over a decade of research and four years of pilot experimentation, according to Lu Lei, Deputy Governor of the People’s Bank of China (PBOC). Trials for the Chinese…
[Sep 8 11:30 AM] Data highlighted the dominance of the top 10 layer one blockchains, collectively valued at $1.66 trillion. In Russia, financial analyst Vladislav Antonov projected growth for the Hamster Kombat token post-airdrop. Meanwhile, China and…
[Sep 5 10:30 PM] Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these…
[Sep 5 1:30 AM] A law professor at the East China University of Political Science and Law has highlighted the urgent need for China to standardize procedures for recovering illicit digital assets due to a rise in cryptocurrency-related crimes. He stressed the lack…
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