China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation, and the ongoing impasse over the debt ceiling. U.S. Credit Rating Suffers Downgrade by…
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The government of Argentina is reportedly seeking to expand its de-dollarization agreement with China due to the lack of dollars that the country is facing. According to reports, Economy Minister Sergio Massa would be in talks to expand the current swap line to double the available amount from $5 to $10 billion, lent in Chinese…
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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: Gemini Chooses Ireland for European Headquarters, Coinone Exec Admits to Bribe-for-Listing Charges, Chinese’s City Reveals Metaverse Policy Draft to Attract Companies Read more »Sign up for e-EUR –…
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Rumors have been spreading throughout the cryptoverse that the major blockchain bridge Multichain team has been arrested by the Chinese police – with the shockwaves hitting the Fantom (FTM) ecosystem softer than expected. Per several Twitter accounts, the Chinese community has been reporting the core team members’ arrests, as well as that law enforcement gained…
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On May 24, Binance CEO Changpeng Zhao, also known as CZ, shared through Twitter that “Chinese speaking communities are buzzing” following a news broadcast by state-operated media network China Central Television (CCTV) regarding Hong Kong’s latest cryptocurrency-focused regulatory policy. CCTV’s Coverage of Hong Kong’s Crypto Regulations Sparks Excitement, Says Binance CEO; Nanxin University Launches Metaverse…
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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: Crypto Hacks Drop 70% in Q1 2023, Binance CSO Said Reuters’ ‘Weak’ Article is Filled with Conspiracy Theories, Solana Integrates AI with a ChatGPT Plugin Read more »Sign…
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Chinese President Xi Jinping has stated that China is ready to strengthen cooperation with Russia. The two nations reportedly want to “develop and establish a bigger regional market” while ensuring “a more stable and robust global supply chain” in order to “bring real and tangible benefits to the countries in the region.” China and Russia…
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China Central Television aired a segment on Tuesday involving virtual assets, which garnered attention from around the world. The segment, which is just over a minute long, features bitcoin, nonfungible tokens and is titled “Hong Kong Securities Regulatory Commission: Implementing a mandatory licensing system for virtual asset trading platforms from June 1.”… Read More: China…
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The larger portion of payments between Russia and China are now processed using the currencies of the two countries, Prime Minister Mikhail Mishustin revealed. Moscow and Beijing intend to increase mutual trade beyond the $200-billion target this year, added the head of the Russian government. Mishustin: 70% of Settlements Between Russia and China Conducted in…
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Chinese chemical producers selling fentanyl ingredients have received more than $27 million in crypto payments. According to a new report by blockchain analytics firm Elliptic, approximately 90% of Chinese pharmaceutical chemical companies supplying fentanyl precursors accept cryptocurrencies like Bitcoin and Tether as a form of payment…. Read More: Chinese Companies Selling Fentanyl Received More Than $27…
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