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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...

Russia, being an active part of the BRICS ecosystem, is now adopting a new stance. In a new clip, Russian PM Vladimir Putin can be seen expressing his desire to meet US President Donald Trump to discuss future proceedings. In another clip, Donald Trump was noted making a similar promise, adding that he wanted to meet Putin and discuss ending the ongoing war crisis. The conversation may span a variety of new topics, including the rising US dollar de-dollarization. Is the phenomenon of US Dollar derailment finally coming to a long halt? Also Read: Shiba Inu: Here’s What SHIB’s Immediate Price Target Is? Putin Says No Issues In Meeting US President Trump Source: CNN In a new clip online, Russian PM Putin was noted expressing his openness to meeting with US President Donald Trump. Russian President Putin says he is open to a meeting or summit with US President-elect Trump at any time. pic.twitter.com/h4yPeAVQg7 — BRICS News (@BRICSinfo) December 22, 2024 At the same time, Donald Trump was...

Ryan Salame, the former co-chief exec of FTX Digital Markets, has been sentenced to 90 months in prison for conspiracy to make unlawful political contributions and conspiracy to operate an unlicensed money transmitter. Salame has also been ordered to make $6 million in forfeiture and $5 million in restitution. Salame was directly involved in the usage of the ‘North Dimension’ entity to aid in maintaining access to bank accounts for FTX, despite it not being appropriately licensed to serve as a money transmitter. He was also instrumental in FTX’s political influence scheme, working with Sam Bankman-Fried and Nishad Singh to make hundreds of unlawful political donations. Additionally, FTX Digital Markets made hundreds of thousands of dollars worth of payments to Michelle Bond, a failed congressional candidate and romantic partner to Salame. Bond additionally received donations to her campaign from FTX US. Salame’s sentence weighs in at significantly less than t...

Due to some formalities in the criminal justice system, a world-class team of lawyers, and Fifth Amendment protections of due process, former Binance CEO Changpeng Zhao isn’t yet in prison despite receiving a four-month sentence. On April 30, 2024, a US district judge in Seattle sentenced Zhao to four months at Seatac, an administrative security federal detention center and prison. According to the judge’s signed judgment, Zhao “shall surrender for service of sentence as notified by the Probation or Pretrial Services Office.” Those offices have not yet notified Zhao that he must enter that California prison. Possibilities for sentenced criminals who don’t immediately go to prison According to federal statute 18 U.S.C. § 3585(a), a criminal’s sentence begins when that person is ‘received in custody awaiting transportation to, or voluntarily surrenders to, the official detention facility at which her sentence is to be served.’ Although that sentence can begin i...

The assets of a h US band-and-wife-run online church have been frozen after they allegedly US ed the word of God to trick Christians into investing in a fake Crypto before spending $1.3 million in investor funds on luxury goods.  According to a lawsuit submitted by Denver’s State Commissioner on Tuesday, the Victorious Grace Church operated on Facebook and YouTube and was run by pastor Eligio P. Regalado, and his wife, Kaitlyn. Law360 reports that the duo are alleged to have encouraged their followers to trade the worthless INDXcoin Crypto token on Kingdom Wealth Community, the church ’s very own Crypto exchange. The couple apparently US ed “ biblical citations and faith-based appeals ” while telling worshippers that their faith in God would be rewarded.  The two crypto projects allegedly used by the Victorious Grace Church. Read more: This alleged $1.3B crypto scam likely faked its own CEO Allegedly, the pair made almost $3.4 million from investors and spent $...

Much anticipated documents recently filed by the US government reveal an extensive monitoring program for crypto exchange Binance, a probe it agreed to as part of its $4.3 billion settlement with the Department of Justice (DoJ) and several other US agencies. Along with conforming to rigorous compliance commitments, Binance will be visited by one or more monitors to keep it in check. This monitor, proposed by Binance but ultimately approved by the agencies, will conduct its first review within four months of being appointed. Five months after its review, the monitor must submit its first report. From there, follow-up reviews and reports must be submitted periodically within a similar time frame — meaning Binance will be probed at least six times over the next three years. The US gov’t will monitor Binance for years — who’s right for the job? Read more: Top Binance exec Noah Perlman’s ties to Epstein, Moonstone, and Gemini The frequency, depth, and scope of these...

The crypto industry spent almost as much on federal lobbying in the first three quarters of this year than it did in the whole of 2022, according to non-profit research group OpenSecrets. According to the data provided to Reuters, crypto companies splashed $22 million on lobbying efforts last year. This is set to be eclipsed, however, with spending in the first nine months of 2023 hitting just shy of $19 million. The news is all the more surprising considering that one of last year’s biggest spenders, FTX, has collapsed. According to the data, US-based exchange Coinbase was the biggest spender, plowing $2.16 million into lobbying. The exchange is followed closely by Crypto.com owner Foris Dax, the Blockchain Association, and Binance Holdings. According to Reuters, much of the increased spending can likely be attributed to crypto companies doing all they can to fight increasingly negative perceptions of the space after a host of scandals in recent years. Many are also attempting t...