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Russian Central Bank Attributes Recent Ruble Depreciation to Lower Forex Sales by Exporters
12.4.2023
The Russian central bank has attributed the ruble’s latest plunge against the U.S. dollar to the temporary reduction “in sales of foreign currency earnings by exporters.” The central bank also revealed that the Chinese yuan accounted for 39% of the Russian forex market’s...
Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar
12.4.2023
Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects most countries that attempt to reduce their reliance on the U.S. dollar to propose the Chinese yuan as an alternative to the USD. Roubini...
China’s Inflation Rate Drops to Lowest in 18 Months
12.4.2023
The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post...
Chinese authorities to enforce security reviews for AI services
11.4.2023
China intends to introduce a new security review mandate for all generative AI services prior to operation as new chatbots like ChatGPT continue to surface
Binance Rejects Justin Sun's Offer for Huobi Stake, Citing Suspected Chinese Connections – Here's What Happened
6.4.2023
Binance has reportedly rejected an offer by crypto entrepreneur Justin Sun to purchase his stake in cryptocurrency exchange Huobi, citing ties to mainland China.
The world's largest cryptocurrency exchange turned down the alleged proposal due to rumors surrounding Huobi’s relationships with China...
Today in Crypto: Sentiment Recovers 90% of Funds from Hacker, Major Chinese State-owned Company Launching Two Crypto Funds, Australian Regulator Cancels Binance's Derivatives License
6.4.2023
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: Sentiment Recovers 90% of Funds from Hacker, Major Chinese State-owned Company Launching Two Crypto Funds...
Chinese state insurance firm launches two crypto funds in Hong Kong: Report
6.4.2023
The Chinese government-backed CPI Investment Management is launching two crypto funds related to blockchain investment and staking
Chinese State-Owned Company Launches 2 Crypto Funds in Hong Kong
6.4.2023
One of China’s leading insurers has backed the establishment of two crypto investment funds in Hong Kong. The business move comes against the backdrop of the region’s ambitions to become a hub for digital assets, and despite the negative regulatory attitude towards the market in the mainland....
China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says
5.4.2023
An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia...
Midjourney AI users find workaround amid ban on Chinese President’s images
4.4.2023
Midjourney AI bans the creation of Chinese President Xi Jinping’s images, but users find ways to create deepfakes
Regulators Should Heed Crypto Risks When Innovating Regulation, Says Chinese Central Bank Official
4.4.2023
A senior People’s Bank of China (PBOC) official has urged regulators to consider cryptocurrency risks and fraud that could lead to bank failures when innovating regulation. The Chinese official highlighted the recent collapse of U.S. banks that provided services to crypto customers as...
China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
31.3.2023
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural...
FTX’s Bankman-Fried Is Allegedly Using Alameda Funds to Pay for Legal Defense
30.3.2023
According to two sources close to FTX, Sam Bankman-Fried, the disgraced co-founder, gave his father, Stanford Law professor Joseph Bankman, millions of dollars. The funds are reportedly being used to pay for legal costs. The sources said that Bankman-Fried allegedly gave “at least...
Former Treasury Official Warns of Complete Economic Implosion if US Dollar Loses Global Reserve Currency Status
29.3.2023
Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley has warned of “catastrophic” consequences if the U.S. dollar loses its status as the world’s reserve currency. “That would mean the end of the U.S. dollar,” she said, predicting that “there would...
Former FTX CEO Sam Bankman-Fried Faces New Bribery Charges for Alleged Crypto Payment to Chinese Officials
28.3.2023
Sam Bankman-Fried (SBF), the former CEO of FTX, now faces a 13-count indictment as U.S. officials have added new charges. One of the new charges alleges that SBF leveraged $40 million to influence “one or more Chinese government officials.” Details of the Bribery Charges Against...
Sam Bankman-Fried Hit with Additional Indictment Amid Chinese Bribery Allegations
28.3.2023
In a dramatic development, FTX founder Sam Bankman-Fried is facing a new indictment for bribery, adding to the 12 charges he already faced.
The former FTX CEO was arrested last year on charges of fraud, conspiracy, and trying to evade U.S. campaign laws. He was released on bond, with the terms...
Sam Bankman-Fried charged with bribing Chinese officials: Court docs
28.3.2023
Former CEO of the FTX is in hot waters once again, as he is facing a new 13-count indictment from the authorities in the United States
Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery Charge
28.3.2023
A superseeding indictment was unveiled on Wednesday
Chinese State-Owned Banks Extend Crypto-Friendly Hand to Hong Kong Firms
27.3.2023
China’s state-owned banks are offering services to local cryptocurrency companies in Hong Kong as the city embraces a more friendly regulatory stance.
According to a Monday report from Bloomberg, a number of Chinese state-owned banks in Hong Kong have started offering services to crypto...
Hong Kong crypto firms seeing interest from Chinese banks: Report
27.3.2023
Several Chinese banks have been seeking to offer services to crypto firms in Hong Kong, despite a ban on crypto on the Chinese mainland