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Tag: China

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China’s Digital Yuan Architect Convicted in $37M Crypto Bribery Scandal
Yao Qian, the former head of the digital currency wing of the People’s Bank of China, has been found guilty of taking a bribe of 2,000 ETH. In his office, a hardware wallet was discovered.
Yao Qian is guilty of… Read full article
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New World Order: Canada Sides With China in Economic Pivot Away From the US
In its recent visit to China, Canada’s Prime Minister Mike Carney reached a series of agreements that seek to forge a commercial alliance between the two countries. Canada now seeks to increase its exports to China by 50%, preparing to… Read full article
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China Dumps U.S. Treasuries: Here’s Why Bitcoin Cares
China reportedly cut its U.S. Treasury holdings for a ninth straight month, pushing exposure to the lowest level since 2008. Bitcoin held firm near recent highs as gold surged toward $4,200, showing how markets react when faith in U.S. debt… Read full article
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China Continues to Shed US Treasuries, Reaches Lowest Exposure Levels Since 2008
Data released by the U.S. Treasury confirms that China’s holdings of U.S. debt fell by $6.1 billion, reaching its lowest exposure levels since 2008. While China remains one of the largest international holders of U.S. debt, it has sold 10%… Read full article
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