12 / 20 Relevant items tagged with #china
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Next Year’s BRICS Summit to Gather More Than 5 Leaders, Russian Diplomat Predicts
[Jul 23, 2023 11:30 PM] Moscow expects the number of leaders participating in the 2024 BRICS summit to be greater than five, according to a high-ranking Russian diplomat. The statement comes as the five-member organization prepares to discuss its enlargement at its…
Singapore, US With Highest Public Debt per Capita, China Most Indebted in BRICS: Study
[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…
China’s Central Bank: Digital Yuan Transactions Reach $250 Billion
BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization
[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…
Digital yuan integration introduced to Chinese business air travel
[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.
‘Historic’ BRICS Summit to Be Held Without Putin in Person
[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…
Tesla’s Bitcoin Portfolio Remains Unchanged at $184M for Third Straight Quarter: Q2 2023 Report
[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…
Hong Kong would not go crypto without China’s approval — Animoca exec
[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.
Bitcoin price falls under $30K as macro and regulatory worries take center stage
[Jul 17, 2023 3:19 PM] As investors’ euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact the BTC price.
Yellen Champions Ukraine Support as ‘Single Best Thing We Can Do for the Global Economy’ Ahead of G20 Summit
[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…
Crypto Bridging Protocol Multichain Ceases Operations After CEO, Sister Detained in China
[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."
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments
[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…
Conflux (CFX) Climbs By 11% As Bank of China Begins Sim Card Payment With Digital Yuan
Bank of China trials offline payments for digital yuan via SIM cards
[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.
China could benefit from yuan stablecoin over its CBDC - Circle CEO
[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.
Report: China to tighten rules around releasing generative AI tools
[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.
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
[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.
US lawmakers allege CCP connection in calling for SEC, DOJ investigation of Prometheum
[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.
Google Trends Data Reflects Rising Interest in BRICS Bloc and De-Dollarization Searches
[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…
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
[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.
Latam Insights — Bolivia Calls for De-Dollarization, Reserve Drops Fiat Services
[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…
Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion
[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…
BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
[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…
Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more
[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.
US reportedly plans to restrict China’s access to cloud computing services
[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.
Crypto-friendly DBS Bank launches digital yuan payment tool
[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.
Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies
[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…
China to tighten control on exports of AI chip-making materials
[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.
Dappradar: Metaverse Projects Command 43.68% of the Web3 Investments in 2023
[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…