News with the tag "China"

Have you heard the buzz about DeepSeek? This AI chatbot app seemingly appeared overnight, rocketing to the top of app store charts and sending shockwaves through the tech world. But DeepSeek isn’t just another flash in the pan. This Chinese AI lab is causing Wall Street analysts and tech experts to ...

China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world trade. According to a recent report by a Chinese media outlet, the Chinese Communist Party is concerned about the US’s growing interest in stablecoin development. The report by ...

In the world of cryptocurrency, decentralization and freedom of information are paramount. But what happens when the very AI tools we rely on for information exhibit biases, particularly when it comes to politically sensitive topics like China? A recent analysis has uncovered a troubling reality: AI...

Chinese electric car company Zeekr is integrating Minima’s blockchain to enable a tokenized system for secure charging station reservations. Minima, a decentralized blockchain network, is collaborating with European arm of Chinese electric car maker Zeekr to launch a charging solution that could exp...

In a move that echoes calm across global financial markets, the People’s Bank of China (PBOC) has decided to maintain its loan prime rate (LPR) unchanged for the fifth consecutive month. For those watching the pulse of the crypto world, especially considering the intricate dance between traditional ...

Is the dragon breathing fire, or just exhaling a puff of smoke? The question of whether China’s foreign exchange (FX) policy is undergoing a fundamental shift is generating considerable buzz in financial circles. Bank of America (BofA) recently weighed in, suggesting that while changes are afoot, it...

In a stunning policy reversal that has sent ripples through the tech and crypto communities, former Google CEO Eric Schmidt has publicly argued against pursuing a ‘Manhattan Project’-style approach to Artificial General Intelligence (AGI). This comes as a critical juncture for the future of AI devel...

China is significantly increasing its money supply, marking its first major monetary easing in 14 years, a strategic move primarily driven by domestic economic pressures and looming U.S. trade tensions under President Donald Trump’s administration. China’s Monetary Policy Shifts in Face of Trump Tar...

Just as anabolic steroids are to bodybuilders, fiscal and monetary stimuli have been the lifeline for markets and the economy. Over the decades, nation-states have relied heavily on these fiscal injections to buff up markets and respective economies. Now, to the delight of BTC and risk asset bulls, ...

China Asset Management Hong Kong (China AMC HK) launched its Digital Money Market Fund on February 28. The fund, built on the Ethereum network, combines blockchain technology with traditional finance and is the first of its kind in the Asia Pacific region. The fund has been approved by Hong Kong’s S...