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Jiuzi Holdings, Inc. plans to acquire 1,000 bitcoins over the coming year through a combination of fresh stock issuance and direct cash purchases, the company revealed this week. Jiuzi Holdings to Raise Capital Via Stock, Cash for 1,000 Bitcoin Investment The Hangzhou-headquartered enterprise, Jiuzi Holdings (Nasdaq: JZXN), stated that its board approved the dual-path acquisition … Read more
The U.S. Department of the Treasury revealed that China reduced its exposure to U.S. debt in March, selling close to $19 billion in Treasuries. This reduction was recorded in March as the trade conflict between the two countries escalated. China Reduced Exposure to U.S. Debt Amid Tariff Conflict China is willing to reduce some of … Read more
Europol has announced the arrest of 17 individuals involved in a criminal parallel banking organization that provided money laundering services across Europe, including the exchange of cryptocurrencies for cash. The operation, conducted on January 14, 2025, in Austria, Belgium, and Spain, followed previous successful actions against migrant smugglers. The arrested individuals, primarily of Chinese and … Read more
Market analysts are closely watching the ongoing dialogue between U.S. Treasury Secretary Scott Bessent, U.S. Trade Representative Jamieson Greer, and China’s Vice Premier He Lifeng as both sides attempt to ease tensions in their prolonged trade standoff. On Sunday, Bessent and Greer noted the duo made substantial progress during the negotiations. Tariff Titans Face-Off Top … Read more
ASEAN, the Association of Southeast Asian Nations, along with China, Japan, and South Korea, criticized the escalation of protectionism in a joint statement. The group called for enhanced regional unity to address the uncertainty arising from the implementation of these policies. ASEAN, China, Japan, and South Korea to Strengthen Ties to Fight Protectionism, Enhance Multilateralism … Read more
Bitcoin soared past $104,900 on Saturday evening, gaining 2% in the wake of President Donald Trump’s announcement on Truth Social about a breakthrough in trade talks with China. Trump’s Truth Social Post Triggers Bitcoin Rally, Altcoin Boom The bitcoin (BTC) rally extended to major altcoins, with ethereum and dogecoin both posting double-digit percentage gains. Trump … Read more
Russia and China have nearly eliminated the U.S. dollar from their bilateral trade, conducting transactions in rubles and yuan as de-dollarization reshapes global economic power structures. Almost All Russian-Chinese Foreign Trade Operations Now in Rubles and Yuan Following a high-level meeting with Chinese President Xi Jinping on May 8 in Moscow, Russian President Vladimir Putin … Read more
China’s central bank slashed key interest rates and injected $138.5 billion into its financial system to bolster an economy battered by U.S. trade tensions and domestic challenges. PBOC Unveils Sweeping Rate Cuts Reuters reported that the People’s Bank of China (PBOC) cut its seven-day reverse repurchase rate by 10 basis points to 1.4%, effective May … Read more
The latest Cambridge Centre for Alternative Finance report confirms the United States and Canada dominate global bitcoin mining, collectively controlling over 80% of reported activity. Bitcoin mining is now 52.4% reliant on sustainable energy, with hydropower (23.4%) and wind (15.4%) as leading sources. North America Dominance According to the latest Cambridge Centre for Alternative Finance … Read more
While there have been positive developments regarding the loosening of the U.S. tariffs on Chinese imports, the state of negotiations to finally solve this trade war is still uncertain. President Trump stated that there were meetings addressing the issue, but China has outright denied that these ever happened. China Denies Having Trade War Negotiation Meetings, … Read more
