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Hong Kong's Grey Zone Crypto Stores Draw in Chinese Visitors
12.7.2023
According to a report from the Financial Times, the influx of Chinese tourists into Hong Kong has witnessed a peculiar trend in recent months, as more individuals seek to purchase cryptocurrencies during their visits.
This surge in interest can be attributed to the stringent regulations...
Bank of China trials offline payments for digital yuan via SIM cards
12.7.2023
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
Chinese Central Bank Unveils SIM Card-based Offline CBDC Wallet
12.7.2023
The Chinese central bank has unveiled an offline SIM card-based digital yuan “hard” wallet solution that lets users pay with the central bank digital currency (CBDC) with powered-down phones.
The innovation could eventually allow 2G phone-owning citizens to use their handsets to use the token when...
Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency
12.7.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that the U.S. dollar will die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency that will kill the USD. The famous author further stressed that U.S. dollars will come flooding home...
Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can be Turned into Colors, Dev Says He Reverse-Engineered Brazil CBDC Source Code, Algofi to Shut Down
11.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Crypto's 'Inherent Structural Flaws' Make It Unsuitable for Monetary System, BIP39 Mnemonic Phrases Can...
China could benefit from yuan stablecoin over its CBDC - Circle CEO
11.7.2023
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency
China to require a license to release generative AI tools
11.7.2023
Sources close to Chinese officials say the draft rules for AI developers have been updated to include obtaining a license prior to releasing generative AI systems
China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
11.7.2023
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post
China expands CBDC’s tentacles, Malaysia is HK’s new crypto rival: Asia Express
11.7.2023
China’s president Xi Jinping expands CBDC cooperation at SCO, Hong Kong’s crypto licensing costs surge, and Multichain is hacked yet again
US lawmakers allege CCP connection in calling for SEC, DoJ investigation of Prometheum
10.7.2023
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
In-depth: inside China's 'hidden' game console market
10.7.2023
Also: why can't you discover old game? And lots of news
Google Trends Data Reflects Rising Interest in BRICS Bloc and De-Dollarization Searches
10.7.2023
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 for expanding the bloc’s membership...
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
10.7.2023
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
10.7.2023
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 fiat services in Latam, and Argentina postpones...
Treasury Secretary Yellen: BRICS Currency Won’t Threaten US Dollar Dominance
10.7.2023
U.S. Treasury Secretary Janet Yellen has stated that she does not see the U.S. dollar’s dominance being threatened by any development, including the proposed BRICS currency. Yellen stressed that all the data of which she is aware shows that the dollar is overwhelmingly used in international...
Report: Crypto Industry Boasts 10,000 Companies and 190,000 Professionals With a Collective Valuation of $180 Billion
9.7.2023
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 snapshot of the crypto landscape, highlighting that...
BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
9.7.2023
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 introduce a gold-backed common currency, with...
Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more
8.7.2023
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
Beijing Set to Debut ‘New Digital Yuan Application Scenarios’ – What Next for the CBDC?
7.7.2023
Beijing, China, says it will introduce “new digital yuan application scenarios,” and wants to take the lead in the adoption of the central bank digital currency (CBDC).
Per the Securities Times, the comments were made by Zhao Wei Jiu, the Deputy Director of the Beijing Local Financial Supervision...
Chinese Banks Join Beijing’s Efforts to Integrate CBDC With Social Security Cards
6.7.2023
Chinese state-owned banks are set to join efforts to integrate the nation’s central bank digital currency (CBDC), the digital yuan, with government-issued social security cards.
Late last month, the Chinese Ministry of Human Resources and Social Security said it wanted to “explore and promote”...