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China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With Ramaphosa

China and South Africa Boost BRICS Ties: Key Outcomes from Xi’s Meeting With RamaphosaChina and South Africa committed to deepening cooperation within the BRICS framework during South African President Cyril Ramaphosa’s second state visit to China, where he met with Chinese President Xi Jinping. The leaders emphasized the importance of expanding BRICS and enhancing economic coordination to support sustainable development. China and South Africa Reaffirm Commitment to Strengthening […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

Chinese President Xi Jinping praises blockchain exec in open letter

Andrew Chi-Chih Yao, the recipient of the letter, is the chief scientist of the Conflux network and a professor at the country’s prestigious Tsinghua University.

On June 12, Chinese President Xi Jinping sent an open letter of praise to Andrew Chi-Chih Yao, chief scientist of the Conflux network and a professor at Tsinghua University.

“In the 20 years since you returned to China to teach, you have turned your patriotism into a journey of serving the country,” Xi wrote. “You have devoted yourself to Tsinghua University and made great achievements in teaching and educating people and scientific research innovation. I would like to express my sincere greetings to you.”

The Chinese president encouraged Yao to continue his journey of “exploring independent training models for innovative talents, promoting interdisciplinary and cutting-edge innovation, building a high-level talent training and scientific and technological innovation base, and making new contributions to achieving high-level scientific and technological self-reliance.” Xi also reiterated his support for Yao in “building a strong country in education and science and technology.”

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Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto

‘Really Stupid and a Huge Mistake:’ Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and CryptoRussian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge mistake,” considering that these actions affected the status of the U.S. dollar as a reserve currency. Russian […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar ReservesThe economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming ‘Vassals’

French President Emmanuel Macron States Europe Must Reduce Its Dependence on the US Dollar to Avoid Becoming ‘Vassals’Emmanuel Macron, president of France, clarified his position on the future of Europe and its relations with China and the U.S. in the short term. Returning from his visit to Beijing, Macron believes that Europe should avoid getting caught up in a conflict between the U.S. and China, and reduce its reliance on the U.S. […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia SaysAn idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The prime minister believes there is no reason for his country, which is hurting from a strong U.S. dollar, to remain dependent on the greenback. Malaysia Prepares to Trade With China in […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US Dollar

India to Facilitate International Settlements in Rupees to Reduce Dependence on the US DollarThe government of India has announced that it will facilitate the settlement of international transactions using its national currency, the rupee. As part of its foreign trading policy framework implemented on April 1, the country introduced this measure to facilitate payments for countries experiencing a U.S. dollar crush. India to Offer Rupee-Based Settlement Options for […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National Currencies

Putin, Xi Vow to Use Yuan as Russia and China Move to Settlements in National CurrenciesAs part of the talks that Russian president Vladimir Putin and Chinese president Xi Jinping are currently conducting in Russia, Russia has vowed to move to use the Chinese yuan as a settlement currency with countries in Asia, Africa, and Latam. Putin expressed that using national currencies for international trading “should be encouraged further.” Russia […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization

Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-DollarizationAfter a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China’s president, Xi Jinping, urging the Gulf monarchs to accept yuan for oil, and Riyadh officials saying last March the country would consider […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future

257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion

257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan InvasionAccording to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be low. The poll follows the Biden administration and the U.S. Commerce Department issuing a package of trade restrictions against China’s relationship with the […]

Stephen Miran to Lead Trump’s Economic Team: What It Means for Bitcoin’s Future