China and Kazakhstan Sign CBDC Collaboration Agreement
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The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies…
Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan
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Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by…
Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US
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Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of…
Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge
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Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a…
What to know about this new Chinese text-to-video AI model
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The short-video platform, which has over 600 million active users, announced the new tool on June 6. It’s called Kling. Like OpenAI’s…
Crypto Deposits to Chinese Drug Producers' Addresses Double in Early 2024 Compared to 2023
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Blockchain intelligence firm TRM Labs has revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers more than doubled…
CBDC Interest Climbs Steadily Over Five Years, Google Trends Data Shows
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Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past…
Chinese Gang Arrested for Exploiting Digital Yuan
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In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days….
30 Countries Seek to Join BRICS, Russian Ambassador to China Says
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Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion…
China Halts Gold Buying in May, Ending 18-Month Buying Spree
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The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices…