China Faces Immediate 50% Tariffs if Caught Arming Iran, Trump Says
In recent developments, u.S. President Donald Trump said Sunday that China would face a 50% tariff on all goods exported to the United States if Beijing is caught supplying weapons…
China’s tax authority urges banks to implement blockchain for lending services
In recent developments, china’s leading tax and financial authorities are urging banks to incorporate blockchain technology to bolster their credit facilities and data transparency. Looking closer, market participants highlight key…
Apple Removes Jack Dorsey’s Bitchat From China App Store
In recent developments, apple has pulled the decentralized messaging application Bitchat from its China App Store following a regulatory demand from Chinese authorities. Key Takeaways Apple removed Bitchat from the…
Report Recommends China to Shed US Treasuries as Yuan Internationalization Grows
In recent developments, a report issued by Renmin University’s International Monetary Institute argues against maintaining large foreign exchange reserves, mainly U.S. Treasuries, as the yuan adoption and trust grow. The…
Trump: US has to ‘make it so that China doesn’t get the hold‘ of crypto
In recent developments, the US president said he supported the GENIUS Act because it was “politically popular,” but added the main reason was in response to China. Looking closer, market participants…
Report: China’s Digital Yuan Processes $55B as Cross-Border CBDC Rails Take…
In recent developments, according to a Reuters report citing data compiled by the Atlantic Council, a Washington-based think tank that tracks central bank digital currencies ( CBDCs) and their expansion,…
New World Order: Canada Sides With China in Economic Pivot Away From the US
In recent developments, in its recent visit to China, Canada’s Prime Minister Mike Carney reached a series of agreements that seek to forge a commercial alliance between the two countries.…
China Continues to Shed US Treasuries, Reaches Lowest Exposure Levels Since 2008
In recent developments, data released by the U.S. Treasury confirms that China’s holdings of U.S. debt fell by $6.1 billion, reaching its lowest exposure levels since 2008. While China remains…
China’s Gold Rush Continues as Buying Streak Reaches 14 Months
In recent developments, the People’s Bank of China acquired 30,000 troy ounces of gold in December, according to official figures, extending its 14‑month buying streak. China is among the countries with…
China Pays Interest on Stablecoins While US Debates, Coinbase Warns—Is Amer…
In recent developments, china’s decision to pay interest on its digital yuan sharpens the global race for digital money, raising fears that stalled U.S. policy could weaken stablecoins, payments dominance,…
Ethereum Foundation sacks 20% of workforce amid strategic restructuring
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