Donald Trump has once again voiced strong support for cryptocurrencies, framing them as a crucial tool in the U.S. effort to maintain an edge over China in the global race for technological supremacy. As he returned to the White House from Palm Beach, Florida, Trump emphasized the strategic significance of ...
Chinese President Xi Jinping has publicly supported the growth of the BRICS New Development Bank (NDB), positioning it as a key driver for economic progress across the Global South. Speaking at a recent BRICS summit, Xi stressed that the NDB should play a central role in financing sustainable development and ...
Huawei is working on testing a new AI chip called the Ascend 910D, which is aimed at competing with Nvidia's high-end processors. The company plans to distribute sample chips to local tech firms by late May, although the chip is still in early development and requires extensive testing. Huawei is ...
A newly discovered vulnerability in crypto hardware wallets using Chinese-manufactured ESP32 microcontrollers has raised serious alarm among security researchers, threatening the safety of Bitcoin transactions and sensitive user data. Cybersecurity firm Crypto Deep Tech has released a report flagging a critical security flaw in ESP32 chips—widely used in devices such ...
Local governments across China are reportedly grappling with how to liquidate billions of dollars' worth of seized cryptocurrency, navigating a legal gray area created by the country’s strict ban on crypto trading and a lack of standardized procedures. According to a Reuters report released Tuesday, these local authorities have resorted ...
China’s central bank, the People’s Bank of China (PBOC), has reportedly instructed state-owned lenders to reduce dollar purchases in the foreign exchange market. This move signals Beijing’s growing efforts to stabilize the yuan and counterbalance the economic pressures of a strong U.S. dollar. Sources familiar with the matter revealed that ...
Bitcoin could be on the brink of a breakout as escalating tensions between the U.S. and China revive investor appetite for alternative assets. According to a recent analysis by Singapore-based blockchain firm Matrixport, Bitcoin could mirror its 2015 trajectory when the devaluation of China’s yuan initially led to a BTC ...
China’s potential response to rising U.S. tariffs may trigger another wave of capital flight into Bitcoin and other cryptocurrencies, says Arthur Hayes, founder of crypto exchange BitMEX. As the U.S. gears up to impose more sweeping trade duties, Beijing could devalue its currency—which Hayes believes may reignite the crypto bull ...
Russian oil companies are increasingly using cryptocurrencies to bypass Western sanctions and facilitate transactions with China and India, according to Reuters. Some firms are reportedly using Bitcoin (BTC), Ethereum (ETH), and stablecoins like Tether (USDT) to convert Chinese yuan and Indian rupees into Russian rubles. While still a small portion ...
Hong Kong’s financial sector has taken another step to deepen its blockchain integration with the launch of the city’s first retail tokenized money market fund. China Asset Management (Hong Kong) (ChinaAMC HK), a subsidiary of one of China’s leading fund houses, has introduced the ChinaAMC HKD Digital Money Market Fund ...
