People’s Bank of China Highlights Digital Yuan and Blockchain in 2025 Strategy

January 17, 2025 Bitcoin.com

bitcoin.com

The People’s Bank of China (PBOC) has highlighted the utilization of the digital yuan, China’s central bank digital currency (CBDC), and blockchain technology as part of its 2025 strategy. In a post summarizing the issues touched on as part of the new year’s meeting, the Shanghai headquarters of the PBOC remarked that, as part of […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

China and US Tighten Payment Grip on Europe—Can the Digital Euro Stop Them?

January 9, 2025 Bitcoin.com

bitcoin.com

Europe faces mounting pressure to secure its financial future as reliance on U.S. and Chinese payment giants grows, with China’s digital currency threatening dominance. Europe Risks Payment Dependence on China and U.S.—Digital Euro Is Key to Sovereignty A member of the executive board of Germany’s central bank, Burkhard Balz, highlighted the digital euro’s role in […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

US Treasury Confirms ‘Major Cybersecurity Incident’ As Chinese State-Sponsored Hackers Accused of Infiltrating Third-Party System

January 3, 2025 The Daily Hodl

China

The US Treasury Department says a post-mortem of a recent data breach shows state-sponsored Chinese hackers are behind the attack. In a letter to the Senate Banking Committee, Assistant Secretary for Management Aditi Hardikar says the Treasury Department suffered a “major cybersecurity incident” after receiving a notice from third-party software service provider BeyondTrust on December […]

The post US Treasury Confirms ‘Major Cybersecurity Incident’ As Chinese State-Sponsored Hackers Accused of Infiltrating Third-Party System appeared first on The Daily Hodl.

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions

January 2, 2025 Bitcoin.com

bitcoin.com

China’s foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates that banks track foreign exchange behaviors linked to underground banking, cross-border gambling, and illegal crypto transactions. These measures compel banks to assess the identity, funds, and frequency of […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

Analyst: China Intensifies Covert Gold Accumulation Through London Imports

December 30, 2024 Bitcoin.com

bitcoin.com

Jan Nieuwenhuijs, a gold market analyst, has raised concerns about the rise in the People’s Bank of China (PBOC) secret gold purchase operations. He believes the bank has accumulated over 100 tonnes of gold through unreported London gold imports during Q4 2024. Golden Chase: China Has Secretly Scooped Up Over 100 Tonnes of Gold in […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

El Salvador Showcases Bitcoin Success in Key Meeting With Chinese Ambassador

December 30, 2024 Bitcoin.com

bitcoin.com

El Salvador’s vice president highlighted bitcoin’s role in economic growth during a meeting with China’s ambassador, emphasizing Chinese cooperation in advancing digital infrastructure projects. El Salvador Spotlights Bitcoin Wealth in Discussions With Chinese Delegation El Salvador’s Vice President Félix Ulloa highlighted the country’s bitcoin success in a meeting with Chinese Ambassador Zhang Yanhui, the Office […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew $2 Billion Currency Swap Deal

December 28, 2024 Bitcoin.com

Trump’s Dedollarization Warning Falls Flat as Nigeria, China Renew Billion Currency Swap Deal

Africa

China and Nigeria have renewed a $2 billion currency swap arrangement for another three years. Trump Tariff Threat China and Nigeria have agreed to renew a $2 billion currency swap arrangement, initially signed in 2018. The arrangement reportedly aims to strengthen financial cooperation between the two countries and expand the use of their respective currencies. […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

Aptos co-founder and CEO Mo Shaikh steps down to ‘start new chapter’

December 20, 2024 Coin Telegraph

Aptos Labs

Mo Shaikh, who co-founded the firm in 2021 alongside Avery Ching said he would stay on board at Aptos Labs as a strategic adviser.

Mohammad Shaikh, the co-founder and CEO of layer-1 blockchain Aptos Labs, has resigned from the top position to “start a new chapter,” with co-founder and chief technology officer Avery Ching now taking over as the new CEO.

Shaikh co-founded Aptos Labs alongside Ching in 2021, helping Aptos mainnet launch in October 2022. He helped the firm raise $400 million and establish key partnerships.

“Today I am stepping away from Aptos Labs to start a new chapter,” Shaikh said in a Dec. 19 X post before expressing confidence in the firm’s future.

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

Russian Settlements Face Another Blow: U.S. Treasury Hints at Sanctions Against Chinese Banks

December 17, 2024 Bitcoin.com

bitcoin.com

U.S. Treasury Secretary Janet Yellen recently referred to the possibility of enacting sanctions against Chinese banks as the U.S. prepares to deepen its measures to weaken the Russian economy. This could affect trade settlements between Russia and China, which have already suffered due to previous measures. US Treasury Prepared to Enact Sanctions Against Chinese Banks […]

Senator Lummis to unveil major development regarding strategic Bitcoin reserve at 10 a.m.

Why Hong Kong has grown into a crypto hub — CEO of WOW Summit

December 14, 2024 Coin Telegraph

China

"Hong Kong’s 'one country, two systems' framework lets it explore digital asset innovation more freely," Ivan Ivanov told Cointelegraph.

Hong Kong has rapidly become a cryptocurrency hub, positioning itself as a center for financial innovation alongside the United Arab Emirates (UAE) and Singapore. Ivan Ivanov, global CEO of WOW Summit, said this innovation was fostered by a mixture of strong regulatory policy and Hong Kong's status as a special economic region.

Ivanov told Cointelegraph that Hong Kong's special relationship with mainland China and robust regulation allow Hong Kong to be a sandbox for financial and technical innovation, which benefits startups, nascent technologies, and institutional investors. Ivanov wrote:

The WOW Summit CEO added that Hong Kong's stablecoin policy, which requires issuers of stablecoins to acquire licenses and keep their fiat reserves in local Hong Kong banks, promotes trust and transparency in the nascent asset sector.

China

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