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Digital yuan vs Bitcoin competition has definitely intensified in recent months as China continues to aggressively expand its state-controlled CBDC while, at the same time, the US under Trump also embraces cryptocurrency. This ongoing financial power struggle represents two completely opposing visions for the future of money – centralized control versus decentralized freedom. Also Read: New US Sanctions on 30+ Chinese Firms Spike Supply Chain Risks for Stocks How CBDC Adoption, US Crypto Laws, And China’s AI Policy Collide Source: Cornell SC Johnson College of Business – Cornell University Trump’s Bitcoin Strategy vs China’s Digital Yuan The digital yuan vs Bitcoin battle took a really surprising turn when Trump established a strategic Bitcoin reserve of approximately 200,000 BTC (worth around $18 billion at the time of writing) back in March 2025. Rather than liquidating these assets that law enforcement previously seized from various criminal cases, the g...

The world’s financial dynamics are evolving at a rapid pace, favoring the rise of new currencies against the mighty US dollar. There was a time when the US dollar had no enemies, no credible foes to question its mettle. Now that the currency dynamics have evolved, the world is now witnessing a pool of new currencies giving stiff competition to the dollar. In such an instance, the Chinese Yuan is emerging as the ultimate challenger, blocking the US dollar from dominating the world currency narratives. Why is the yuan beating the US dollar down again and again? Let’s find out. Also Read: Shiba Inu Price Prediction: How $10K Could 3.5x and Make You a Whale by 2027 Is The US Dollar Collapse Under Works? Source: markets.businessinsider.com / AlexSava/ Getty Images The US dollar is experiencing one of its worst nightmares, the declining stature and valuation that continue to derail and hamper its prestige. Per Bravos Research, the US dollar’s purchasing power has tumbled and is no...

AI coins, including NEAR, NCP, RENDER, and FIL, saw significant drops of 8-10% today as China’s AI startup DeepSeek challenged US dominance in the sector.  China’s AI startup DeepSeek disrupted the market by creating AI models that cost much less than those of Silicon Valley giants. AI coins decreased sharply during the early hours of Monday’s Asia market. This shift came alongside a sharp decline in Nasdaq 100 futures, which fell 330 points during Sunday’s overnight trading, triggering further panic in the market. AI Coins Crash: Is There A Reason For Panic? The AI coins market has dropped over 7.66% during the last 24 hours, with the total market cap falling below $44 billion, according to CoinMarketCap.  The sharp drop is primarily due to the sudden rise in popularity of China’s DeepSeek AI startup, which has shaken the market with its low-cost infrastructure. Built using chips that are a fraction of the cost compared to those used by US AI...

The SCO 2024 summit is currently being held in Kazakhstan and the 10 member countries are participating in the event. China is pushing for de-dollarization and is trying its best to convince other SCO countries to ditch the US dollar for trade. The Communist nation wants other developing countries to use local currencies for cross-border transactions and not the US dollar. Read here to know how many sectors in the US will be affected if SCO ditches the dollar for trade. Also Read: BRICS: Start of De-Dollarization, 52% Trade in China Settled in Yuan SCO is an abbreviation for Shanghai Cooperation Organization and was formed in 2001. The Eastern European country Belarus joined SCO in July 2024 and is now part of the grouping. Belarus was sanctioned by the European Union and therefore joined the SCO to protect its economy and promote local currencies and not the US dollar. Also Read: China Advances De-Dollarization Agenda At the SCO 2024 Summit SCO Summit 2024: 10 Countries Look To Tra...

Analysts at Elliptic estimate over 140 unique crypto addresses have been involved in the global fentanyl trade. Fentanyl precursor suppliers received over $32 million worth of crypto over the past few years as the synthetic opioid epidemic continues in the U.S. According to data from Elliptic, around 80 individual clusters featuring 144 unique crypto addresses have been involved in the exportation of fentanyl precursors to major Mexican drug cartels such as the Sinaloa Cartel and Cartel Jalisco Nueva Generación. Although crypto is not the only payment method in the chain, Elliptic found that suppliers are open for payments on the Bitcoin (BTC), Ethereum (ETH), and TRON (TRX) blockchains — mainly for Tether (USDT) transactions — as well as one Monero (XMR) address. Crypto payments for fentanyl precursor suppliers | Source: Elliptic You might also like: U.S. drug regulator mistakenly sent $55k to scammer However, USDT is not the dominant asset used in the scheme as...

Beijing is seeking a way to put regulatory burden on the yet-to-be-developed next internet iteration. China is set to form a working group to develop standards for the metaverse as the country sees a big future for the technology. According to a report by Reuters, China’s Ministry of Industry and Information Technology (MIIT) has released a draft proposal to establish a working group for the metaverse, putting the technology among emerging tech sectors vital for China. The MIIT claims the metaverse still “faces many challenges,” so the government should keep “healthy and orderly development of the metaverse industry through standardization and guidance.” Although the ministry admitted that the metaverse represents “an integrated innovation combining various cutting-edge technologies,” it also pointed out the concept of virtual reality still suffers from a lack of clear definitions, allowing capitalists and companies to speculate in th...

Investigating crypto scams around Tether’s stablecoin, journalist Zeke Faux uncovers a large human trafficking ring in Cambodia. Crypto scams and exchange hacks are becoming almost a regular occurrence in the digital assets space. But a recent revelation from Bloomberg’s investigative reporter Zeke Faux shows how crypto is being used as a fishing hook to run more sophisticated and larger criminal activities – in this case – human trafficking .  Faux’s journey began with a seemingly innocuous text message from a woman named Vicky Ho. Claiming to be a divorced woman running a chain of nail salons in New York, Vicky engaged Faux in conversation before eventually steering it toward cryptocurrency investments. Faux, suspecting a scam, played along to gather more information. Vicky introduced him to a crypto-exchange app called ZBXS and instructed him to deposit Tether to start trading. Bloomberg reporter and author Zeke Faux started off looking at Tether, but en...

Chinese business travelers can now reportedly pay for flight tickets using China’s digital yuan CBDC (Central Bank Digital Currency). According to local news reports, the development has been made possible after a successful collaboration between the China Merchants Bank and the Civil Aviation Administration of China. According to the report, passengers can also use the platform to buy services using China’s digital Yuan CBDC . According to the report, Suzhou-based China Travel Service has already used the platform to buy tickets for its customers. Also Read: China Must Consider ‘Yuan-Backed Stablecoins’ Over CBDCs Furthermore, at the launch event, the Civil Aviation Administration and China Merchants Bank urged additional use cases for the CBDC. They stated that they will investigate other potential uses of China’s digital yuan within the civil aviation sector. Moreover, the People’s Bank of China (PBOC) has actively pushed for the use of CBDC ...

The bank plans to enable users to make phone payments by integrating its e-CNY app with specialized "super SIM cards" that have near-field communication capabilities. Bank of China, one of the largest state-owned banks in China, is currently conducting trials for a novel offline payment system that connects to SIM cards. This payment method is designed specifically for the digital yuan, also known as the e-CNY, which is China's central bank digital currency (CBDC) currently being tested. This announcement was made by the bank on Monday in a social media post, revealing their partnership with telecommunication operators China Telecom and China Unicom and their intention to commence testing on Tuesday. The bank plans to enable users to make phone payment s by integrating its e-CNY app with specialized "super SIM cards " that have near-field communication capabilities. Users simply need to bring their mobile phones near the point of sale terminals for payment , el...

The South African BRICS ambassador Anil Sooklal confirmed on Thursday that European countries have expressed interest to join the alliance. The development comes at a time when France is looking to end reliance on the U.S. dollar for global trade. French President Emmanuel Macron called for Europe to resist the pressures of becoming “America’s followers” . Macron also called for the European Union to end reliance on the U.S. dollar as the currency comes with a “great risk” . He added that Europe must not be “caught up in crises that are not ours,” hinting at the dollar’s debt crisis. Also Read: BRICS: What Happens if Mexico Joins the Alliance? France to be the First European Country to Join BRICS Alliance? Source: japantimes.co.jp (Photo by LUDOVIC MARIN / AFP) While Sooklal did not mention the names of the European countries that have expressed interest to join BRICS, all indicators point towards France. In March, France settled an LNG gas trade with China by payin...