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A major gold discovery in China’s Hunan Province, valued at $83 billion and containing over 40 gold veins, is anticipated to influence global markets significantly. Gold Veins Unearthed in China Could Transform Global Markets A vast gold deposit with reserves exceeding 1,000 tonnes has been discovered in Hunan Province, central China, as confirmed by the … Read more
Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto. China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas The new … Read more
A Shanghai court ordered a partial refund after ruling a token fundraising contract illegal, citing violations of Chinese financial regulations. Token Fundraising Faces a Major Setback in a Shanghai Court Judgment The Shanghai High Court published details on Wechat Monday about a crypto-related case highlighting the legal complexities of virtual currency activities in China. The … Read more
Xiao Feng, CEO and Chairman of Hashkey, one of the few licensed crypto exchanges in Hong Kong, believes that Trump’s support for the cryptocurrency sector could accelerate a pivot from anti-crypto policies in China. Hashkey CEO: China Might Pivot Its Anti-Crypto Policies Following Trump’s Moves The recent endorsement of the cryptocurrency sector and bitcoin as … Read more
A US strategic Bitcoin reserve faces steep odds, with legislative hurdles and economic risks stalling approval. Go to Source
Economists are calling on China to curb the risks associated with holding over $3.3 trillion in its forex reserves. The concerns are directed at the possible measures the upcoming U.S. president might take against the country, including tariffs and unilateral sanctions. China Must Dedollarize Forex Reserves to Reduce Risks Economists have assessed China’s standing in … Read more
Data suggests traders are ignoring the current Bitcoin price correction and betting for new highs after the US elections wrap up. Go to Source
The Chinese e-commerce giant has become the latest to slash resources for metaverse development as the focus shifts to AI. Go to Source
No need to download or pull up an app to pay with the Chinese CBDC on Huawei phones now. Go to Source
Bitcoin may strengthen its status as a hedge against monetary debasement due to China’s plans for over $1.4 trillion in new debt, raising interest among traders. Go to Source
