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IMF Official: Countries Are Reevaluating Their Reliance on the US Dollar

First Deputy Managing Director of the International Monetary Fund (IMF) Gita Gopinath recently revealed that some nations are reconsidering their reliance on the U.S. dollar. Gopinath explained that this originated…

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Chinese Embassy Advises Citizens in Angola to Avoid Crypto Mining

The Chinese Embassy in Angola has cautioned its citizens residing in the African nation to refrain from mining cryptocurrencies, as this activity is now considered a criminal offense. The embassy…

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China’s Largest Equity Funds Pursue Spot Bitcoin ETFs via Hong Kong Subsidiaries: Report

Chinese mainland-based equity funds are reported to have filed applications to introduce spot Bitcoin exchange-traded funds (ETFs) through their Hong Kong subsidiaries. The development comes amid a month-long surge in…

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Central Banks Kept Purchasing Gold in February; China Continues Gold Run

Central banks kept up demand for gold in February, registering net purchases of 19 tonnes. Albeit the purchasing trend continued, purchases fell 58% compared to January’s demand, according to IMF…

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Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’

The Chinese government is reportedly launching an “ultra-large-scale blockchain infrastructure platform for the Belt and Road Initiative.” The platform will support the implementation of cross-border cooperation projects along the Belt…

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Convicted UK Woman Found With $4B in BTC, the SEC Seeks $2B Fine From Ripple, and More — Week in Review

A London woman has been convicted for money laundering, having been found with over $4.3 billion in bitcoin, which she converted into physical assets. The SEC is seeking a nearly…

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