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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
Analysts often claim China is winning the quantum race but available research indicates otherwise. Go to Source
Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national currencies due to these sanctions. Putin emphasized BRICS nations’ … Read more
Quantum bits currently require temperatures between approximately -200 degrees Celsius to -270 degrees Celsius to operate properly. Go to Source