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Reports from Toutiao indicate that a leading Chinese fintech company is in discussions to acquire blockchain technology from the Venom Foundation. While details of the negotiations remain confidential, sources suggest the goal is to integrate Venom’s infrastructure into financial services that support the real economy, from supply chain finance to cross-border settlements. The talks echo a familiar pattern. Chinese companies have a track record of moving into blockchain and digital asset sectors through bold acquisitions or strategic pivots, triggering market reactions. One notable case came from the crypto exchange Huobi, which pursued a strategy of overseas acquisitions starting in 2018, buying licenses and platforms in Japan and Singapore after Beijing tightened domestic regulation. The strategy enabled Huobi to maintain a global presence despite restrictions at home, though it also underlined how Chinese players often rely on foreign partnerships to keep pace with glob...

China’s free-to-use AI models like DeepSeek, Alibaba, and others are gaining traction worldwide and becoming global standards. The development has given a jolt to American companies and policymakers who fear China’s growth in the artificial intelligence sector could eclipse the US. The Communist country heralded DeepSeek and its R1 reasoning model, becoming the talk of the town. The model was ChatGPT on steroids, and began trending on social media, attracting a bigger base of users. AI companies in the US are now feeling the heat as pressure is growing through intense competition. The US, which led the path of technological innovation, is being elbowed by China’s AI models becoming the global standard. American firms enjoyed a technological monopoly for decades with Microsoft’s operating systems, Google’s search engine, Apple’s iPhone, and the Android systems. However, in the AI sector, the US is unable to monopolize despite boasting of top talent in ...

After buying tonnes of gold worth billions since 2022 and diversifying their assets in the central bank, China has now started accumulating oil in 2025. The latest data shows that Chinese crude oil imports surged 7.5% from a year earlier to 11.69 million barrels per day (bpd). The steep increase in purchases comes after the WTI has been trading between the $60 to $65 mark this year. Also Read: Goldman Sachs Pours $1.4B Into BlackRock’s Bitcoin Fund in Q1 Surge Read here to know how low oil prices could crash this year, according to a prediction from Goldman Sachs. China is bullish on the oil sector despite the dip and has different plans for its future prospects. The Communist country is positioning itself in a combative mode from global threats, including trade wars and tariffs. This makes it stay ahead of the curve from all dangers that affect its economy. Also Read: De-Dollarization Gains Momentum: 50+ Countries Abandon US Dollar Dominance China Starts Stockpiling Oil: Here’s W...

The global payment mechanism is experiencing a paradigm shift, as BRICS member China is seizing the opportunity of Trump’s tariffs by pushing the Chinese yuan as an alternative currency to the US dollar. Trade settlements in the Chinese yuan are on the rise as the world is looking to cut ties with the greenback. The trade wars kick-started by Trump are making emerging economies reconsider their ties with the US. “This is an opportunity that we must seize,” said Yang Changjiang, a Chinese finance professor at Fudan University. Also Read: BRICS: China Officially Launches Plan to Promote Its Own Payment System BRICS: Chinese Yuan Payments Touched 24% in 2025, A Big Leap From Last Year Source: Reuters / Getty Images A recent survey published by the Renmin University’s International Monetary Institute sheds light that bigger enterprises are now considering settling payments in Chinese yuan and lessening the US dollar transactions. Renmin University’s findings show that the...

According to a VanEck report, China and Russia have begun settling some trade transactions using Bitcoin. VanEck’s Head of Digital Assets Research, Matthew Sigel, reports that the two BRICS nations have already begun settling some energy transactions in Bitcoin and other digital assets. This comes as the Trump administration’s tariff policy has reignited global trade tensions. China and Russia have already worked on trade deals with one another without the US dollar. Now however, with economic concerns spreading worldwide, the two countries have attempted to ditch fiat altogether. Sigel also shared that Bolivia has announced plans to import electricity using crypto. French energy utility EDF is also exploring whether it can mine Bitcoin with surplus electricity currently exported to Germany. “These are early signs that Bitcoin is evolving from a speculative asset into a functional monetary tool—particularly in economies looking to bypass the dollar and reduce exposure ...

In what may be a concerning development for Wall Street, Google, Nvidia (NVDA), and Intel (INTC) are facing a renewed Chinese probe as US tensions rise. Indeed, China has announced a reignited investigation into the three companies as US President Donald Trump issues tariffs on the country. The situation is the byproduct of a burgeoning trade war with the United States and a host of countries. Saturday saw Trump issue the first 10% tariffs on Mexico, Canada, and China. However, he delayed those import taxes a month after speaking with Mexican President Claudia Scheinbaum on Monday. Still, all three nations have already taken retaliatory actions. Source: CNBC Also Read: US Stocks: Which Was Hit the Hardest by Trump’s Tariffs? Google, Nvidia, and Intel Face Chinese Investigation Amid Ongoing Trump Tariff Turmoil There is no denying that a potential trade war is beginning to arise on a global scale. With China announcing its own tariffs on US products, all eyes are on how both economies w...

Amid an ongoing standoff with the BRICS alliance and the West, China is reportedly prepared for a trade war with the US, experts have said. Indeed, US President Donald Trump has reiterated his intention to tariff the economic alliance. In a recent proclamation, he requested a “commitment” to the US dollar in order to prevent the tariffs. The arrival of such tariffs could have dire implications for the collective. However, the bloc has continued to say its intention is to not target the US dollar. Specifically, several BRICS nations have noted its desire is to only increase international economic participation from nations in the global south. To do that, the group has sought to increase the use of its own native currencies in global trade. Source: Global Times Also Read: BRICS: China Oil Output Hits 400M Tons Amid Record Growth China Prepared for Trade War With US As Trump 100% Tariffs Loom The last few months have seen geopolitical tension between the US and the global sout...

1. Russia Mined Over $3 Billion Worth of Bitcoin in 2023, Generating $556 Million in Taxes link In 2023, Russia mined approximately 54,000 Bitcoins, valued at over $3 billion, generating around 50 billion rubles ($556 million) in tax revenue for the Russian government. Bezdelov, the president of the Russian Association of Crypto Mining, believes that the recent legalization of crypto mining will attract more investors and further boost tax revenues. Previously, Russian President Putin signed a bill officially legalizing cryptocurrency mining. Only registered Russian legal entities and individual entrepreneurs are allowed to mine, though individuals below the government-set energy consumption limit can mine without registration. 2. ​Korean Financial Supervisory Service (FSS) Plans to Audit Virtual Asset Exchanges link The South Korean Financial Supervisory Service (FSS) plans to audit virtual asset exchanges to detect any suspicious or illegal transactions. If system vulnerabilities are...

BRICS member China’s exports have experienced a rapid rise in 2024 boosting the nation’s growth prospects. The exports grew quickly in April and May this year with outbound shipments growing 6% year-on-year. In May alone, China’s exports saw an increase of 1.5% compared to April. The rise in numbers comes at a time when the Communist nation is struggling to navigate its native economy. Also Read: BRICS : 73 Central Banks Buy US Dollar, Ditch Chinese Yuan BRICS: The Rise of China’s Exports in 2024 Source: France24.com / Reuters The latest data shows that BRICS member China is managing to uplift its $18.6 trillion economy at varying speeds. Its first quarter performance was beyond expectations growing 5.3% year-on-year after a change in policy measures. The latest development indicates that demand for Chinese exports is improving with a steady rise in overall consumption. Also Read: 97 Countries Prepare To Attend BRICS 2024 in June in Russia ...

In a new and interesting development, China is getting rid of a record amount of US Treasury and agency bonds. The nation’s decision to move away from US bonds stems from the ongoing trade tensions that are pivotal in straining the US-China trade relationship.  Also Read: BRICS: China’s Gold Buying Spree to End the US Dollar? China-US Trade Tensions: Details Source: Finbold The trade tensions between China and the US seem to have adopted a stricter stance. China has recently conducted $260 billion worth of trade with Russia without using the USD. This indicates a potentially strained outlook for China towards the US, which is playing an elemental role in helping China offload the USD.  The data from the US Treasury reveals that China has sold nearly $53.3 billion of treasuries and agency bonds in Q1, indicating the nation’s dubious stance towards the US dollar. Belgium, often dubbed a custodian of Chinese holdings, has also shed nearly $22 billion...

BRICS member China’s economy could be in jeopardy as all factors indicate a financial decline. China’s economy has now reached high debt levels, and government interference in all sectors has strained both small and medium-scale enterprises. In addition, the aging population is worrisome as more citizens claim benefits from health insurance schemes. The Chinese government covers a portion of medical costs for current and retired workers in urban areas. Also Read: BRICS : India Aggressively Dumping the U.S. Dollar, Insiders Say However, the Chinese boom might soon come to an end as its economy is echoing the 2008 financial crisis of the U.S. The Communist country might experience a full-blown financial crisis that could take years to recover from. BRICS: China Mirroring the U.S. Financial Crisis of 2008 Source: Indiatimes.com The Chair of Rockefeller International, Ruchir Sharma, told the Financial Times that China’s miracle path no longer exists. Sharma hi...

Cointelegraph analyst and writer Marcel Pechman breaks down consumer debt and why it might lead to a good outcome for BTC. On the latest episode of Macro Markets,  Cointelegraph analyst Marcel Pechman explains why United States consumption remains strong while auto-loan and credit card balance delinquency is accelerating. According to Pechman, consumer s built a cushion of extra cash savings as the U.S. government injected money to avoid a recession and temporarily forgave student loan repayments. But, according to investment bank JPMorgan, “ consumer s have spent down the entirety of their excess savings from the pandemic, which at one point totaled more than $2 trillion,” as reported by Business Insider. Pechman believes that if JPMorgan’s predictions are correct, the stock market should have been trading much lower. Still, Pechman doesn’t think that betting against the S&P 500 is sound advice, given that inflation is right around the corner and the government will be forced to ...

A BRICS common currency will be challenging to initiate and maintain, though efforts to dethrone the US dollar could have an impact on Bitcoin, says investment strategist Lyn Alden. Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS annual summit in South Africa, Alden explained that it will be “very hard” for BRICS members — Brazil, Russia, India, China and South Africa — to form a gold-backed currency for widespread use. Russian President Vladimir Putin first announced that BRICS proposal to create an international reserve currency at the BRICS summit in 2022 to rival the U.S. dollar as the global reserve standard. This proposal was later confirmed to come in the form of a gold-backed currency. However, Alden argued the model is flawed. ...

China’s Evergrande’s bankruptcy filing reverberates in the crypto markets, triggering significant drops in major digital assets and casting a shadow over Tether’s financial backing. Once the leading property developer in China, Evergrande has recently transformed into a prominent representation of China’s property crisis.  On Aug. 17, Evergrande sought refuge from debtors by filing for Chapter 15 protection under the US bankruptcy code. This provision assists non-US companies in shielding themselves during restructuring, keeping creditors at bay.  BREAKING CHINA’S SECOND LARGEST PROPERTY DEVELOPER EVERGRANDE HAS JUST FILED FOR BANKRUPTCY pic.twitter.com/ckgqu6zaDY — GURGAVIN (@gurgavin) August 17, 2023 Evergrande’s affiliate, Tianji Holdings, followed suit in Manhattan bankruptcy court. This development underscores the mounting anxiety that China’s property sector may bleed into other areas of the economy, especially as growth falte...