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Global Surge in CBDC Development: 134 Countries Now Exploring Digital Currencies
[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…
Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why
[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.
BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official
[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…
Bitcoin price turns shaky ahead of potential Fed rate cut and weak global economic data
[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.
Chinese gov't mulls anti-money laundering law to 'monitor' new fintech
[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.
China Moves to Address Crypto Money Laundering Activities With New Law Draft Revision
[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…
Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’
FBI Warns of Growing $55 Billion Business Email Scam
[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…
BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals
[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…
China’s Digital Yuan Nears $1 Trillion in Transactions, PBOC Official Reveals
Top 10 L1 Chains, Hamster Kombat Token Airdrop Performance, and More — Week in Review
[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…
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
[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…
China Urged to Establish Unified Crypto Regulations for Seized Digital Assets
[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…
China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa
[Sep 4 3:30 AM] China and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the…
Turkey Seeks to Join BRICS to Strengthen Global Influence
[Sep 3 10:30 PM] Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the…
Russian Foreign Minister States Barter Trade Is Under Consideration for Bilateral Settlements With China
[Sep 3 4:35 PM] Russian Foreign Minister Sergey Lavrov has emphasized that a barter trade system could be organized with China to overcome the current settlement problems. Lavrov noted that a similar system was studied by Brazil’s Lula outside the BRICS…
Bilateral Settlement Between China and Russia Worsens Due to New Sanctions
[Sep 2 11:30 AM] The payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use…
Payments in National Currencies Surge to 92% Among SCO Members
[Sep 1 2:30 AM] Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which…
Chinese ‘CoinGecko’ investigated by local police — Report
[Aug 30 10:54 AM] Launched in 2017, Feixiaohao is one of the many Chinese websites that remained operational even after the major cryptocurrency ban was enforced in China in 2021.
Tesla appears closer to shipping domestic robots than robotaxis
[Aug 29 7:03 PM] A Boring Company update indicates Tesla’s “Full Self-Driving” software isn’t ready for single-lane tunnel use.
‘Overly optimistic’ Bitcoin traders washed out as BTC futures turn ‘neutral’
[Aug 28 6:30 PM] The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish.
Thailand Extradites Malaysian Businessman to China Over $14 Billion Cryptocurrency Scam
[Aug 27 9:30 AM] Thailand has extradited Malaysian businessman Tedy Teow, also known as Zhang Yufa, to China over a massive cryptocurrency scam amounting to more than 100 billion yuan (US$14 billion). This marks the first extradition under the Thailand-China treaty…
Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM
[Aug 26 9:37 AM] The three spot Bitcoin exchange-traded funds (ETFs) in Hong Kong have surpassed HK$2 billion (around $272 million) in assets under management since launching earlier this year.NEW: 
Hong Kong #Bitcoin ETFs surpass HK $2 billion in assets under…
Hong Kong #Bitcoin ETFs surpass HK $2 billion in assets under… China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
[Aug 24 3:30 AM] China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment…
Taiwan Court Convicts 8 in Espionage Case Involving Crypto Payments
[Aug 23 4:30 AM] Taiwan’s high court on Thursday convicted eight people, including military personnel, of espionage for China, with payments allegedly made in cryptocurrency, the Central News Agency reported. The sentences range from 1.5 to 13 years in prison…
Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System
[Aug 20 5:30 PM] Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national…
Bitcoin stagnates as bearish headwinds continue to blow
[Aug 15 10:15 PM] Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops.
China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
[Aug 15 4:05 AM] Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have…