Bitcoin offers ‘economic immortality,’ will reach $10M per coin— Michael Saylor
[Jun 23 2:16 PM] Saylor’s comments came during a wide-reaching discussion with Bitcoin podcast host Robin Seyr.
3 / 18 Relevant items tagged with #China
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Mexican Cartels Using BTC, ETH, USDT, Other Tokens to Buy Fentanyl Ingredients: U.S.
[Jun 20 11:08 AM] Criminal organizations in Mexico have been using several popular digital assets to buy the materials needed to make the drug fentanyl, according to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN), which cited the use of…
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
Chinese Gang Arrested for Exploiting Digital Yuan
[Jun 15 3:23 AM] In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency…
Chinese court sentences gang for money laundering using digital yuan
[Jun 13 11:17 AM] The Chinese CBDC’s “controllable anonymity” seems to be very highly controlled.
Chinese President Xi Jinping praises blockchain exec in open letter
[Jun 12 10:20 AM] Andrew Chi-Chih Yao, the recipient of the letter, is the chief scientist of the Conflux network and a professor at the country’s prestigious Tsinghua University.
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
[Jun 9 8:20 PM] Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in…
China’s largest payments app debuts AI feature that checks if you’re balding
[Jun 9 10:52 AM] Eat your heart out Elon Musk and X.com, China’s Alipay is the real ‘everything app.’
China Halts Gold Buying in May, Ending 18-Month Buying Spree
Russian State Duma Official: International CBDC Settlements to Become ‘Common Practice’ in 5 Years
[Jun 7 10:44 AM] Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress…
Bybit opens registration to Chinese nationals overseas
[Jun 6 3:05 PM] Data suggested that more than ten million Chinese nationals lived outside the country, giving Bybit access to a larger pool of crypto users.
Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
[Jun 4 3:20 PM] The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that…
Ripio CEO: Brazilian Companies Are Paying Chinese Suppliers With Cryptocurrency
[May 28 7:33 PM] Sebastian Serrano, CEO of Ripio, one of the largest exchanges in Latam, stated that Brazilian companies were already harnessing cryptocurrency to pay their Chinese suppliers. In an interview, Serrano asserted that Latam countries harnessed crypto…
Former Google China boss doubles down: AI to take 50% of jobs by 2027
[May 26 11:48 AM] Kai-Fu Lee predicted the modern AI zeitgeist back when OpenAI was a non-profit building chatbots.
UK Sentences Woman to Prison for Laundering Bitcoin After Police Seize 61K BTC
[May 25 5:20 AM] A woman has been sentenced to nearly seven years in prison for laundering bitcoin tied to a £5 billion fraud in China. Authorities seized over 61,000 bitcoin during their investigation, now worth over $4 billion. The woman denied all charges…
Analyst: Gold Demand From China Continues Supporting the Bull Market
[May 23 9:37 AM] Jan Nieuwenhuijs, a gold market analyst, has assessed the state of the gold market, reporting that growing demand from both the private market and the People’s Bank of China (PBOC) has been instrumental in the rise of gold prices. Chinese…
‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto
[May 20 10:37 AM] Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge…
Balaji Srinivasan Highlights China’s Dedollarization and Envisions Post-Dollar Economy
[May 20 4:13 AM] Balaji Srinivasan, former CTO of Coinbase, recently shared his insights on the global economy and the future of the U.S. dollar on social media. He discussed the concept of dedollarization, suggesting that China and other countries are moving away…
China’s $53.3B Divestment in US Treasuries Signals Massive Shift From Dollar Assets
[May 18 1:50 PM] According to records, China has divested $53.3 billion in U.S. Treasury notes and agency bonds during the first quarter. Some analysts suggest this reduction in foreign exchange reserves might be China’s strategic move to leverage its…
Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets
[May 17 6:13 AM] The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers.
Hong Kong digital yuan pilot lacks P2P capabilities
[May 17 4:09 AM] While Hong Kong residents can sign up for a digital yuan wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong.
Bitcoin moves toward range highs but derivatives traders watch from the sidelines
[May 16 3:25 PM] Bitcoin price showed strength near its medium-term range high but multiple factors are preventing derivatives traders from opening new positions.
Chinese police bust $1.9B USDT underground banking racket
[May 16 2:00 AM] The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations.
Biden orders removal of Chinese-owned crypto miner near missile base
[May 13 11:15 PM] Entities owned by Chinese nationals “might take action that threatens to impair the national security of the United States,” said President Biden.
Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base
[May 13 4:02 PM] President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure…
U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base
[May 13 3:02 PM] President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security.
Bitcoin price shows strength as investors anticipate return of money printing
[May 13 12:55 PM] Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view.
China's Digital Yuan Isn't Taking Off Despite State Employee Salary Trial: Report
[May 13 9:22 AM] Most of the early recipients immediately transfer the digital yuan balances to their bank accounts to spend as cash.
Chinese Police Bust $296M Illegal Crypto-Based Currency Operation: Report
[May 13 4:50 AM] Police in Panshi City, Jilin arrested six people for running an "underground bank."
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
[May 13 4:48 AM] Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.