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China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals

[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…

US considers tightening restrictions on AI chip exports

[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.

Shanghai Clearing House Introduces Support for Digital Yuan Settlements

[Jun 28, 2023 2:00 AM] The Shanghai Clearing House, Asia’s first counterparty clearing institution, announced support for payments made with the digital yuan Monday. According to reports, the move will allow companies to settle transactions for commodities in bulk…

How could the Chinese economic crisis impact Bitcoin and crypto?

[Jun 26, 2023 7:00 AM] Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market.

What is De-Dollarization? Exploring the Shift Away From the US Dollar’s Global Dominance

[Jun 24, 2023 11:30 PM] From the latter half of 2022 and continuing into 2023, the concept of de-dollarization has gained significant traction, making its mark on the mainstream media. This surge in attention can be attributed to the concerted efforts of BRICS countries…

Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong's SFC chief

[Jun 24, 2023 10:46 AM] According to the CEO of Hong Kong's Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy.

BRICS: History, objectives and an overview of the global alliance

[Jun 23, 2023 3:07 AM] Explore how the emerging economies of Brazil, Russia, India, China and South Africa cooperate in areas such as economics, development and global governance.

Conflux Gains 20% In 24 hours, Emerges On Top Gainers Chart

[Jun 21, 2023 12:00 PM] The crypto market is currently on a rebound, with several assets recording little gains in the last few hours. Conflux (CFX), one of the trendiest assets of 2023, has gained by 20.17% in the last 24 hours, emerging as the second biggest daily…

Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US

[Jun 21, 2023 8:30 AM] This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas…

Bitcoin up 36% YoY after China warned BTC was ‘heading to zero’

[Jun 21, 2023 4:24 AM] Despite warning about Bitcoin’s “worthlessness,” China has apparently never prohibited its citizens from HODLing the cryptocurrency.

IMF Working on Platform to Support CBDC Cross-Border Interoperability

[Jun 20, 2023 11:30 PM] The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF…

Tech giant Alibaba announces crypto-friendly chair following Daniel Zhang stepping down

[Jun 20, 2023 3:49 PM] The next company chair of Alibaba has backed several crypto projects through his wealth manager and tweeted he "like[s] crypto" in December 2021.

Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking

[Jun 20, 2023 1:42 AM] The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.

Alibaba's Crypto Friendly Joseph Tsai Set to Become Chairman

[Jun 20, 2023 12:14 AM] Joe Tsai, one of Alibaba’s founders, has been an active Web3 investor and once tweeted “I like Crypto.”

China and Malaysia to Research AI for Blockchain Applications in Trade

[Jun 19, 2023 2:30 AM] Blockchain developers from Malaysia will be working with Chinese colleagues to utilize artificial intelligence (AI) in foreign trade. The collaboration, which is part of a China-led international research program, aims to speed up cross-border…

Cameron Winklevoss Criticizes SEC Regulatory Approach: ‘Securities Laws Written in 1933 Don’t Meet the Realities of the World Today’

[Jun 17, 2023 1:30 AM] Cameron Winklevoss, a co-founder of Gemini, a U.S.-based cryptocurrency exchange, criticized the U.S. Securities and Exchange Commission’s (SEC) posture regarding cryptocurrency regulation. Winklevoss stated that the SEC laws written in 1933…

Honduras Applies to Join BRICS Bank

[Jun 13, 2023 2:30 AM] The government of Honduras has formally applied to become part of the New Development Bank, known as the BRICS bank, in an official visit of Honduran President Xiomara Castro to Shanghai. Honduras is now another country that has requested entry…

Chinese State-Owned Banks Cut Dollar Deposit Rates — Dismiss Government Influence Claims

[Jun 8, 2023 8:30 PM] Major Chinese state-owned banks have lowered interest rates on U.S. dollar deposits. However, they reportedly dismissed claims that the moves were influenced by the Chinese government, stating that the rate cuts were market-driven. Chinese Banks…

Russian Finance Minister Talks Dollar Attack on Russia, Importance of Developing Alternatives for Settlements

[Jun 7, 2023 4:00 AM] Russian Finance Minister Anton Siluanov has given his opinion on the perceived attack the Russian economy has been receiving from the U.S. dollar, and how the country has moved to keep trade going. Siluanov also remarked on the importance of…

Sequoia Capital announces three-way split to separate China business

[Jun 6, 2023 11:00 AM] One of the world’s largest venture capital firms, Sequoia Capital, will split into U.S./Europe, India/SEA, and Chinese branches.

How regulators are mitigating the risk of extinction from AI: Law Decoded, May 29–June 5

[Jun 5, 2023 2:30 PM] There is no shortage of regulatory efforts to mitigate the negative impacts of artificial intelligence.

Uniswap scam alert: Fraudsters impersonate executives and create fake website

[Jun 3, 2023 2:36 AM] Uniswap and its foundation have no association with the scam as efforts are being made to combat it.

Coinbase CEO Brian Armstrong: China Will Benefit From Restrictive US Crypto Policies

[Jun 3, 2023 1:30 AM] Coinbase CEO Brian Armstrong has stated China will be one of the biggest beneficiaries of how the U.S. is approaching cryptocurrency regulation. According to Armstrong, the current regulatory system drives cryptocurrency innovation offshore, while…

Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area

[Jun 1, 2023 3:48 PM] With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.

Sen. Elizabeth Warren points to crypto payments as facilitating fentanyl trade in China

[May 31, 2023 2:30 PM] “The number of crypto transactions associated with Chinese fentanyl brokers increased by 450% just last year alone," said the Massachusetts senator, citing an Elliptic report.

Multichain team cannot locate CEO, halts service for affected chains

[May 31, 2023 1:45 PM] Cross-chain services are suspended for Kekchain, Public Mint, DynoChain, Redlight Chain, Dexit, Ekta, HPB, Onus, Omax, Findora and Planq.

U.S. Sen. Elizabeth Warren Calls for Shutdown of Crypto Funding for Fentanyl

[May 31, 2023 11:01 AM] U.S. Sen. Elizabeth Warren (D-Mass.) cited the rampant use of cryptocurrency in the Chinese fentanyl trade during a Wednesday Senate hearing, arguing for legislation to help break that pipeline.

Chinese officials issue warning about AI and national security

[May 31, 2023 6:03 AM] Leaders in Beijing have stressed the need for “dedicated efforts” to protect national security and improve the security governance of artificial intelligence.

Team Behind Offshore Yuan, Hong Kong Dollar Stablecoins Detained by Chinese Police: Report

[May 31, 2023 5:50 AM] Earlier this year KuCoin closed a $10 million funding round into CNHC.

CNHC stablecoin issuer detained by Chinese police: Report

[May 31, 2023 3:58 AM] KuCoin Ventures and Circle Ventures are among investors in the Chinese offshore yuan-pegged stablecoin, which is reportedly now under investigation in China.