The Chinese central bank has significantly slowed down its gold purchases in recent months. Is this the beginning of a strategic shift? What about bitcoin?
Beijing and Bangkok will de-dollarize their trade by promoting their national currencies. With CBDCs? What about Bitcoin?
Infrastructures, real estate, AI… Beijing is expanding the tentacles of its finance in Europe, to consolidate its economic dominance!
The Wall Street Journal reports that the United States is preparing to cut Chinese banks off from the dollar. This financial bombshell would be a boon for bitcoin.
Stock market turmoil: Tesla reduces its global workforce by over 10%, with main impact in the United States and China.
The monetary influence of BRICS is increasing day by day. The latest news reports that the Chinese currency, the yuan, has surpassed the dollar as the most used currency in Russia. This change aligns with the alliance's desire to reduce their dependence on the American currency.
ETF Bitcoin are coming to China, to Hong Kong. Reuters suggests they could arrive as soon as next week.
During her visit to China, US Treasury Secretary Janet Yellen sounded the alarm about the massive subsidies granted by Beijing to its industry. These aids could destabilize the global economy by leading to production overcapacity.
The SEC's approval of Bitcoin ETFs could unlock things in Asia. It is rumored that Hong Kong will give the green light before June.
Chinese finance starts 2024 on fragile footing, with an uneven recovery despite efforts deployed!
A killer bill for the American bitcoin industry has made its way to the US Congress. Are we on the brink of a new exodus?
Nexity's CEO reveals the challenges facing an unprecedented crisis, involving a quick adaptation to turn the situation around.
Striking contrast: stagnant Chinese market, booming Indian market. High valuation of India raises concerns.
The most important emerging nations are abandoning the dollar. The next international reserve currency will be Bitcoin.
Cryptocurrencies in China: despite the ban, the threat of money laundering is growing, prompting crucial legislative revisions.
The Chinese economy, facing uncertainties, is turning to cryptocurrencies despite the bans. The digital future is being written.
China finds itself at the heart of an economic storm of rare intensity. Indeed, the Middle Kingdom has seen no less than $6 trillion evaporate in two years, a staggering figure that prompts questions about the drastic measures taken in response. Among these, the ban on short selling is seen as a radical decision. Get ready for a journey into the heart of finance, where economic dragons battle against headwinds with armor made of greenbacks and sharp regulatory swords.
The BRICS do not skimp on the implementation of their strategy to escape the economic domination of the US dollar. The alliance's monetary projects are attracting attention, especially the massive funds they are injecting to acquire significant amounts of gold.
The American bank JP Morgan believes that the Chinese yuan could take over the crown of hegemony in the financial markets from the dollar. In 2023, the currency of the Middle Kingdom has continued to gain importance. This situation benefits the BRICS, of which China is one of the most influential members.
Iran has recently called on the BRICS to establish a common currency to replace the dollar. This challenge to the dollar by Iran, but also increasingly by Saudi Arabia, explains why the Americans want to put an end to the Iranian regime. The end of the petrodollar would no longer allow the United States to finance its monstrous deficits through other countries.
China is embracing the crypto revolution? Over 50,000 developers are working on the state's blockchain platform!
Between China and the United States, the hatchet has never been buried. The trade war initiated by the two superpowers in 2018 took on a different form a year later. Since 2019, analysts have renamed this Sino-American antagonism the 'technology war.' It began with a decree banning Chinese technologies meant for equipping American 5G companies. Packs of sanctions followed this restriction, unfortunately creating a boomerang effect. Electronic giants specializing in bitcoin mining chips like Intel and Nvidia are suffering.
Two years ago, Bitcoin lost any chance of flourishing among Chinese cryptocurrency traders. The Chinese Communist Party didn't seem ready for decentralization, opting for a totalitarian CBDC (Central Bank Digital Currency) rather than an emancipatory BTC (Bitcoin). However, in recent times, the Xi Jinping government has seemingly changed its perception of the flagship cryptocurrency. This decision by a Shanghai court to grant Bitcoin the status of “unique and non-reproducible currency” attests to this change of heart.
China is one of the United States' fiercest competitors for global hegemony. At least in economic terms. To achieve this, the country seems to be pursuing a strategy of limiting or even reducing its investments in the United States. Saudi Arabia, which has just joined the BRICS, also seems to be doing the same, further confirming its plans to leave the dollar behind.
There's a growing chorus insinuating that the American hegemon is threatened by the BRICS. But what's really going on?