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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...

A Russia -based former analyst at the US Department of Homeland Security (DHS) who became the leader of a designated neo-Nazi terror group is looking to hire a US counterpart US ing crypto . As reported by the Guardian, 51-year-old Rinaldo Nazzaro, who previously worked as a contractor for the Pentagon, posted on Telegram that he’s looking to hire a stateside leader for his paramilitary group, The Base.   The Base follows white nationalist and accelerationist ideologies and was designated as a terrorist group in the UK, Australia, New Zealand, Canada, and European Union. The group believes in white ethnostates and encourages terrorism and violent measures to achieve its aims.  Nazzaro offered to pay the new hire $1,200 a month which will be funded by him and through monthly donations in bitcoin and Monero. The group is expected to recruit and manage up to 12 members in preparation for a supposed US civil war or societal collapse. No one surprised as DJT token has finally ru...

A judge will sentence Changpeng Zhao today for the crimes he committed at Binance. After he enters the US District Court for the Western District of Washington courthouse, he might proceed directly to prison for three years. Zhao admits that Binance processed trillions of dollars in unmonitored transactions and that failing to monitor those transactions violated the Bank Secrecy Act. He’s also admitted that he failed to stop or report on millions of dollars in illicit and sanctions-violating transactions that flowed through his exchange. A three-year prison sentence is prosecutors’ opening request and is double the initially estimated 18 months but far less than the once-threatened 10 years. Zhao’s lawyers, of course, are requesting zero time behind bars. Zhao says he’s no worse than BitMEX’s Arthur Hayes Zhao has already penned his heartfelt letter to Judge Richard Jones who will be determining the length and terms of his punishment. After Zhao chest-beat about his al...

Next week, US-based crypto miners will share their energy consumption with the US Department of Energy (DoE) as part of its efforts to “generate credible data” and provide insight into miners’ electricity use and its effects. In an emergency request that was approved by the Office of Management and Budget (OMB) this week, the US Energy Information Administration (EIA) claimed that a combination of a major cold snap in the US and increased crypto mining activity brought about by the increasing price of bitcoin may cause “heightened uncertainty in electric power markets.” It adds that this could “affect system operations and consumer prices.” As a result, commercial crypto miners identified by the agency are required to share their energy usage details as part of a survey titled Proposed Emergency Survey – Cryptocurrency Mining Facilities . According to the EIA’s request, time is of the essence, and “ public harm is reasonably likely if normal clearance ...

The uncertain regulatory landscape in the U.S. has been repelling major companies. J US t a few hours back, Revolut announced the discontinuation of its crypto services in the U.S., blaming regulators. Likewise, several top companies are also expanding their bases in other regions. In a recent CNBC interview, Monica Long, the President of Ripple, revealed that a lot of the company’s growth has come from outside the U.S. She said, “That’s reflective of where there is regulatory clarity.” However, Coinbase does not look to evacuate this region. When asked if the company was looking to move to friendlier crypto shores, Coinbase executive Brian Armstrong told The Financial Times, “It’s not even in the realm of possibility right now. There is no break-glass plan. We’re staying in the United States.” Coinbase chief says US exit ‘not in the realm of possibility’ https://t.co/v24LGUFy93 — Finance News (@ftfinan...