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Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal
[Dec 28, 2024 6:30 PM] China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly…
Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’
[Dec 20, 2024 12:13 AM] Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.
China May Be On the Verge of Ending Its Bitcoin Ban
[Dec 17, 2024 10:15 PM] Look, I think it's only a matter of time before China pulls a complete 180 on its Bitcoin ban. Yes, they outlawed trading and mining back in 2021, but honestly, a lot has changed since then — especially this year. Bitcoin's momentum globally has…
Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese Banks
[Dec 17, 2024 11:30 AM] U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and…
Why Hong Kong has grown into a crypto hub — CEO of WOW Summit
[Dec 14, 2024 3:58 PM] "Hong Kong’s 'one country, two systems' framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.
Bitcoin ETF ads spotted on China’s Alipay payment app
[Dec 12, 2024 10:46 AM] Some of Alipay’s mainland Chinese users saw ads inviting them to invest up to $137 daily in a fund with indirect exposure to a US spot Bitcoin ETF and Coinbase.
Crypto Myth Debunked? There’s No Evidence China Owns 194,000 Bitcoin
[Dec 12, 2024 2:30 AM] Last week, Bitcoin.com News dropped an editorial that spilled the beans on all the governments clutching bitcoin, whether they snagged it through criminal busts or by mining or buying it. In the piece, we noted that China might be sitting on a…
Anthony Scaramucci Foresees China Bitcoin Strategic Reserve In 2025
[Dec 11, 2024 3:30 AM] Anthony Scaramucci, Founder and Managing Partner at SkyBridge Capital, recently shared his insights on Bitcoin (BTC) and the broader cryptocurrency market. Speaking at the Bitcoin MENA 2024 Conference, Scaramucci predicted that China would likely…
Ray Dalio predicts global debt crisis, backs Bitcoin, gold
[Dec 10, 2024 2:42 PM] Bridgewater Associates founder Ray Dalio referred to Bitcoin as a hard asset, saying he would choose BTC and gold over debt assets.
Ethereum falls to $3.8K, but are ETH traders turning bearish?
[Dec 9, 2024 9:00 PM] ETH price lost the $4,000 level as Bitcoin and altcoins corrected. Is this a standard correction or is something else at play?
Bitcoin Hits 100K, XRP Wobbles, and More — Week in Review
[Dec 8, 2024 10:30 AM] Bitcoin hits $100K, XRP wobbles but won’t fall, certain meme coins are in the crosshairs, and more in this Week in Review. Week in Review This week marked a historic milestone for cryptocurrency as bitcoin crossed the $100,000 threshold…
China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption
[Dec 2, 2024 4:30 AM] China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao…
Trade War: As Trump Threatens China With 10% Tariffs, Asian Giant Prepares Countermeasures
[Nov 26, 2024 6:05 PM] The recent announcement of the enactment of additional tariffs for China has raised alerts about the possible measures the Asian giant can take against Trump’s actions. China has been preparing for this outcome, designing similar actions to…
China Unearths Massive Gold Veins That Could Reshape Global Markets
[Nov 25, 2024 2:30 AM] A major gold discovery in China’s Hunan Province, valued at $83 billion and containing over 40 gold veins, is anticipated to influence global markets significantly. Gold Veins Unearthed in China Could Transform Global Markets A vast gold…
Chinese Court Declares Personal Crypto Ownership Legal In Mainland China
[Nov 23, 2024 9:30 AM] Bitcoin and crypto ownership in China have been debated and have raised policy questions for years. But a recent Shanghai court ruling clarified that it’s perfectly legal for citizens to hold, buy, and sell Bitcoin or other cryptocurrencies…
Trump Effect: China Considering Backpedaling on Bitcoin Policy
[Nov 22, 2024 8:30 AM] Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of…
Chinese Court Orders Refund in Controversial Crypto Contract Dispute
[Nov 21, 2024 2:30 AM] A Shanghai court ordered a partial refund after ruling a token fundraising contract illegal, citing violations of Chinese financial regulations. Token Fundraising Faces a Major Setback in a Shanghai Court Judgment The Shanghai High Court published…
Hashkey CEO: Trump’s Crypto Push Could Force China to Pivot
[Nov 15, 2024 6:30 PM] Xiao Feng, CEO and Chairman of Hashkey, one of the few licensed crypto exchanges in Hong Kong, believes that Trump’s support for the cryptocurrency sector could accelerate a pivot from anti-crypto policies in China. Hashkey CEO: China Might…
Chinese Nationals Gain Access to Stablecoins in Hong Kong Via New Trial
[Nov 8, 2024 1:30 PM] The trials will allow for anonymous registration on a regulated stablecoin app and the purchase of tokenized financial products for mainland Chinese in Hong Kong.
Senator Lummis’ Bitcoin reserve proposal faces uphill battle
[Nov 6, 2024 9:00 PM] A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval.
Reserves Threatened: China Urged to Dedollarize Its $3.3 Trillion Forex Stash
[Nov 5, 2024 10:19 PM] Economists are calling on China to curb the risks associated with holding over $3.3 trillion in its forex reserves. The concerns are directed at the possible measures the upcoming U.S. president might take against the country, including tariffs and…
3 reasons why Bitcoin price bottom could have been $67.3K
[Nov 4, 2024 8:38 PM] Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up.
Alibaba reportedly cuts dozens from metaverse unit
[Nov 4, 2024 4:54 AM] The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI.
Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users
[Nov 1, 2024 8:51 PM] No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now.
Plan a Crypto Mine Near a U.S. Military Base? Expect a Bigger Hassle Now.
[Nov 1, 2024 8:09 PM] Foreign real estate deals near sensitive U.S. military bases will get more government scrutiny under a new rule from the U.S. Department of the Treasury that has emerged after President Joe Biden ordered a China-tied crypto mining operation beside…
Bitcoin Mining Bans Can Backfire on Climate Conscious Governments, a New Research Finds
[Nov 1, 2024 7:14 PM] The intensive energy usage of the Bitcoin network could tempt governments to ban mining due to environmental concerns. A new research paper indicates that could be a mistake, depending on the jurisdiction.
China’s growing debt a great Bitcoin ‘buying opportunity’ — Arthur Hayes
[Oct 29, 2024 10:49 AM] Bitcoin may strengthen its status as a hedge against monetary debasement due to China’s plans for over $1.4 trillion in new debt, raising interest among traders.
US tech exec warns China is ‘a decade ahead’ on quantum
[Oct 23, 2024 5:19 PM] Analysts often claim China is winning the quantum race but available research indicates otherwise.
Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free
[Oct 22, 2024 3:30 AM] Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now…