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satoshin • Nov 24, 2025, 1:00 am EST

China Quietly Reclaims Position as World’s Third-Largest Bitcoin Mining Hub Despite Crypto Ban

China has dramatically reemerged as a major force in global Bitcoin mining, capturing 14% of worldwide hashrate despite maintaining its formal cryptoc…

3 minutes

arusso • Apr 30, 2024, 11:04 am EDT

Hong Kong Launches Asia’s First Spot Bitcoin and Ether ETFs

In a strategic move that positions Hong Kong as a frontrunner in the global cryptocurrency market, the city-state launched six spot bitcoin and ether exchange-traded funds (ETFs) on Tuesday. This initiative marks Hong Kong as the first in Asia to offer retail investors the ability to trade these cryptocurrencies at spot prices. Strategic Launch Amidst Competitive Global Markets The introduction of these ETFs, managed by three of China’s largest asset managers—China Asset Management, Bosera Asset Management, and Harvest Global Investments—signifies a major shift for Hong Kong, which seeks to reclaim its status as a premier global financial center following years

3 minutes

johnd • Sep 25, 2023, 3:36 pm EDT

BRICS 11: A New Geopolitical Powerhouse with Global Implications?

Last month’s announcement of the BRICS consortium’s expansion marked a pivotal moment in global economic geopolitics. What began as BRIC in 2006, with Brazil, Russia, India, and China, evolved into BRICS in 2010 with the addition of South Africa. Now, as we approach 2024, the association has expanded further, embracing Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates. The birth of “BRICS 11” signals a shift in global economic influence.

3 minutes

carlp • Aug 22, 2023, 10:58 am EDT

Crucial BRICS Summit Begins in Johannesburg: A Tipping Point for Global Finance?

The BRICS Summit: Shaping Global Trade The international spotlight is on Johannesburg this week, August 22-24, as it hosts the much-anticipated BRICS summit. Comprising Brazil, Russia, India, China, and South Africa, BRICS as a bloc has been steadily and increasingly reshaping the economic landscape with its significant impact on global trade. This year, the summit carries considerable weight as two pressing matters dominate the discussions: the possibility of expansion and the ongoing war in Ukraine.

2 minutes

carlp • Aug 18, 2023, 3:19 pm EDT

China Evergrande’s Files for U.S. Bankruptcy

China’s real estate market is falter, Evergrande, one of the world’s largest property developers, filed for bankruptcy protection today in the United States bankruptcy court in the Southern District of New York. This dramatic turn follows more than two years after the company defaulted on its debt, a move that ignited a chain of defaults among smaller developers in China, highlighting the vulnerabilities in one of the nation’s most critical economic sectors. Evergrande’s meltdown in 2021 marked the beginning of a slow decay in China’s real estate industry, which now threatens the broader Chinese economy. Another giant in the sector,

3 minutes

carlp • Aug 16, 2023, 10:35 am EDT

First Crypto Exchange Licenses Officially Issued in Hong Kong

In a groundbreaking move, Hong Kong has officially issued its first licenses to cryptocurrency exchanges, marking a pivotal step in the city’s embrace of digital finance. This regulatory milestone underscores Hong Kong’s determination to strike a delicate balance between fostering innovation and ensuring consumer protection within the cryptocurrency sphere. Issuing these licenses signifies a new era for the local crypto market and has far-reaching implications on a global scale.

3 minutes

satoshin • Jul 8, 2023, 12:44 pm EDT

China’s Central Bank Continues to Bolster Gold Reserves Amid Economic Uncertainties

China’s central bank, the People’s Bank of China (PBOC), has increased its gold reserves for the eighth consecutive month, demonstrating its growing intent to lessen its reliance on the US dollar amidst a climate of economic and geopolitical volatility.

3 minutes