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BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
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What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
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ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
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Xiaomi Says Government's Scrutiny of Chinese Firms Unnerves Smartphone Suppliers
China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter.
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88-Year-Old Man In China Leaves Property Worth Rs 3.8 Crore To Fruit Seller
An 88-year-old man in China left all his assets, including a property worth 3.3 million yuan ($460,000), to a fruit seller who was not related to him.
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Mobile App Fraud: Probe Agency Attaches Fresh Assets Worth Over Rs 278 Crore
The Enforcement Directorate said it has attached assets worth more than Rs 278 crore of various entities, including those with links to China, in a money-laundering probe over the alleged cheating of investors through mobile app "HPZ Token".
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China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
Ant Group has launched a sub-brand called Zan to help blockchain developers bring out solutions for Web3. One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing real-world assets (RWAs), follow local regulatory requirements.
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China's Evergrande Group Files For Bankruptcy In US
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal.
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Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market
Binance users reportedly traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021.
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India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
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Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
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Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
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Indian Navy Undertaking Mega Exercise In Indian Ocean Region
The Indian Navy is carrying out a mega war game involving almost all its operational assets like warships, submarines and aircraft in the Indian Ocean Region to check the force's combat readiness amid China's growing military forays into the region.
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China Set to Launch State-Backed NFT Marketplace on Special ‘Cultural Protection’ Chain
China is geared-up to launch an official, state-backed NFT marketplace, that would let Chinese NFT traders to dabble in the space, but under government oversight. Called the ‘China Digital Asset Trading Platform’, the initiative is aimed at creating a safe ecosystem for the secondary sales of NFTs, which if not monitored, can dangerously expose...
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China Putting US Space Assets At Risk: Official
China is building capabilities that put most US space assets at risk, and China sees the domain as crucial to their military strategy, the head of the US Space Command said on Friday.
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BRICS' Move to Introduce Digital Assets Platform for De-Dollarisation Sparks Criticism from Trump
Over the weekend, Trump warned BRICS nations, including India, to prepare for a 100 percent increase in tariff rates if they persist in efforts to diminish the US dollar's role in the global economy.
-
What is the Digital Assets Platform Being Discussed by the BRICS Group?
The BRICS group is considering the creation of a digital assets platform to reduce reliance on US dollars for international transactions. President Putin has expressed his support for this initiative, emphasising that digital currencies could benefit not only BRICS nations but also other developing economies.
-
ED Files Charges Against Chinese-Origin Directors, Others in Crypto Mining App Case
A charge-sheet has been filed under the anti-money laundering law against 299 entities, including 10 persons of Chinese origin, in an investigation linked to alleged duping of investors in the name of mining cryptocurrencies such as Bitcoins, the Enforcement Directorate said on Wednesday.
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Xiaomi Says Government's Scrutiny of Chinese Firms Unnerves Smartphone Suppliers
China's Xiaomi has told New Delhi that smartphone component suppliers are wary about setting up operations in India amid heavy scrutiny of Chinese companies by the government, according to a letter and a source with direct knowledge of the matter.
-
88-Year-Old Man In China Leaves Property Worth Rs 3.8 Crore To Fruit Seller
An 88-year-old man in China left all his assets, including a property worth 3.3 million yuan ($460,000), to a fruit seller who was not related to him.
-
Mobile App Fraud: Probe Agency Attaches Fresh Assets Worth Over Rs 278 Crore
The Enforcement Directorate said it has attached assets worth more than Rs 278 crore of various entities, including those with links to China, in a money-laundering probe over the alleged cheating of investors through mobile app "HPZ Token".
-
China’s Ant Group Launches Blockchain Services Brand ‘Zan’ for Web3 Developers
Ant Group has launched a sub-brand called Zan to help blockchain developers bring out solutions for Web3. One of the first solution this brand brings along is a solution to help Web3 firms, managing or issuing real-world assets (RWAs), follow local regulatory requirements.
-
China's Evergrande Group Files For Bankruptcy In US
Embattled Chinese property giant Evergrande Group filed for bankruptcy protection in the United States on Thursday, court documents showed, a measure that protects its US assets while it efforts a restructuring deal.
-
Binance Reportedly Saw Monthly Illegal Crypto Transactions Worth $90 Billion in Banned China Market
Binance users reportedly traded $90 billion (roughly Rs. 7,42,800 crore) of cryptocurrency-related assets in a single month in China, where cryptocurrency trading has been illegal since 2021.
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India Overtakes China As Most Attractive Market For Investing: Report
India has overtaken China as the most attractive emerging market for investing for sovereign wealth funds in 2023 due to its solid demographics, political stability and proactive regulation, a report said today.
-
Bhutan Seeking Investment for $500 Million Fund for Green Crypto Mining in Himalayas
Bhutan’s investment arm and Nasdaq-listed company Bitdeer Technologies Group plan to seek investors for a fund worth up to $500 million that will be used to develop green crypto mining in the Himalayan kingdom.
-
Alibaba to Monetise Non-Core Assets, Decide on Control of New Business Units After Breakup
Alibaba Group said on Thursday it will look to monetise non-core assets and consider giving up control of some businesses, as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that wiped 70 percent off its shares.
-
Indian Navy Undertaking Mega Exercise In Indian Ocean Region
The Indian Navy is carrying out a mega war game involving almost all its operational assets like warships, submarines and aircraft in the Indian Ocean Region to check the force's combat readiness amid China's growing military forays into the region.
-
China Set to Launch State-Backed NFT Marketplace on Special ‘Cultural Protection’ Chain
China is geared-up to launch an official, state-backed NFT marketplace, that would let Chinese NFT traders to dabble in the space, but under government oversight. Called the ‘China Digital Asset Trading Platform’, the initiative is aimed at creating a safe ecosystem for the secondary sales of NFTs, which if not monitored, can dangerously expose...
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China Putting US Space Assets At Risk: Official
China is building capabilities that put most US space assets at risk, and China sees the domain as crucial to their military strategy, the head of the US Space Command said on Friday.
