Mon, December 23

China’s Digital Yuan Transactions Nears $250 Billion in 1.5 Years

The governor of China’s central bank has said that, in the 1.5 years since the launch of the digital yuan pilot program, about $250 billion has been transacted using the digital currency. At a conference in Singapore on July 19, People’s Bank of China (PBoC) governor Yi Gang said that

July 20, 2023 2 mins read

People’s Bank of China (PBOC) Appoints Crypto Dissenter as Governor

The recent reorganization at the People’s Bank of China (PBOC) has dashed expectations for a reversal of China’s prohibition on digital-asset trading, which has been in effect since September 2021. However, Bloomberg notes that the nomination of Pan Gongsheng, a veteran Communist Party leader, as PBOC governor, indicates a dedication

July 3, 2023 2 mins read

BRICS Application by Bangladesh: Major Global Economic Shifts

Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic

June 19, 2023 2 mins read

BRICS Countries Taking the Lead: Russia and China Set to Surpass U.S. in Crypto Adoption

The U.S. Securities and Exchange Commission (SEC) has become increasingly aggressive in its pursuit of regulatory enforcement within the crypto world. The SEC has continuously filed lawsuits against the top crypto exchanges, including Binance. It creates uncertainty about the future of the crypto firms operating in the United States. Following

June 13, 2023 2 mins read

OpenAI CEO Sam Altman Backs China’s Leadership in AI Regulation

Sam Altman, CEO of OpenAI, has said that China should take the lead in formulating artificial intelligence rules to guarantee the security of game-changing new technologies. According to Bloomberg, Sam Altman, who has become the face of contemporary AI because of ChatGPT’s success, is in favor of China taking the

June 10, 2023 2 mins read

Countering China’s Economic Threat to Protect National Security

Recent deliberations of the panel on finance, accommodation, and urban affairs focused on combating China. Initiatives aimed at bolstering American national defense, the economy, and diplomatic relations were included in this category.  According to reports, the discussion was headed by Chairman Sherrod Brown and Ranking Member Tim Scott. They discussed

June 1, 2023 2 mins read

China Pushing for Web3 Development Despite Outright Crypto Ban

China seems to be welcoming foreign businesses into some sectors. The nation has taken a strong line against the buying, selling, and holding of cryptocurrencies like Bitcoin and Ethereum, yet it is still actively promoting the growth of Web3. Beijing Municipal Science and Technology Commission and Zhongguancun Science and Technology

May 28, 2023 1 min read

China Embraces Innovation with Ambitious Web3 White Paper

In an audacious move this morning, China’s capital, Beijing, spotlighted its commitment to the evolution of the internet by unveiling an ambitious blueprint known as the “Web 3.0 Innovation and Development White Paper (2023)”. This seminal document, touted by a local media outlet, The Paper, points to web3 technology as

May 27, 2023 2 mins read

Binance Predicts an Indication of Bull Run Through CCTV Broadcast

Today, the broadcast on crypto happened through China Central Television (CCTV), a national television broadcaster of China. The CEO of Binance, Changpeng Zhao has given an update commenting ‘big deal’ which would lead to bull runs. CCTV (China Central Television) just broadcasted crypto. It's a big deal. The Chinese speaking

May 25, 2023 2 mins read

Tenet Partners With QTUM and Conflux to Boost LSD Exposure in China

Tenet, a layer-1 ecosystem for generating yield and utility for liquid staking derivatives (LSD), is growing its presence on the Cmarket through two significant partnerships with QTUM, a Proof of Stake network fusing the advantages of Ethereum and Bitcoin, and Conflux, a layer-1 network running on a hybrid Proof of

May 24, 2023 3 mins read
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