Joseph Branch

Joseph Branch

Britain says the yuan is gaining strength

Yuan is gaining strength on the world market although the dollar is still a sought-after currency. This is reported by the British edition of The Economist. "From time to time there is a demand for an alternative reserve currency, and the market is overwhelmed by predictions of the imminent demise

Unmanned cars will bring in up to $400bn

Companies in China are using assisted-driving technology as a way to compete in the electric car market, CNBC reports. At the Shanghai Motor Show, which kicked off last week, electric car startups and Chinese technology companies made several announcements about their driver assistance technologies. It remains to be seen how

Bitcoin kit wakes up after 12 years

The Bitcoin Whale woke up after 12 years of inactivity, and moved BTC totalling almost $11 million. On April 24, it sent 400 BTC in batches of 100 BTC to another address. The transaction fee was only $5.22.

Turkey could lose $5bn in reserves in a week

The Turkish central bank's total gross reserves are expected to fall by more than $5 billion to about $116 billion due to rising demand for foreign exchange as the country approaches elections in May, Reuters wrote. According to calculations based on central bank data, the drop in gross reserves last

Civil servants in China move to CBDC salaries

China will launch a pilot programme to pay civil servants in digital yuan (e-CNY). The first to test it will be workers living in the city of Changshu. From May, they will be paid entirely in CBDC.

Berachain has raised $42m investment

The Berachain project has received $42m in funding, with a valuation of $420.69m, in a Series A funding round led by Polychain Capital. Other investors included Shima Capital, GoldenTree Asset Management, Tribe Capital, Hack VC, Robot Ventures, dao5 and two angel investors, Zaki Manian, Mustafa Al-Bassam.

US to give 7 years in prison for first time for 'shady crypto-banking'

A Manhattan district court prosecutor is recommending a seven-year prison sentence for former businessman Reginald Fowleret, who was involved in a shady crypto-banking scheme. The investigation revealed that his activities enabled illegal transactions worth more than $400 million. The companies in question were Global Trading Solutions and Crypto Capital. The

Ukrainian crypto startup Clarnium is in the top 100 projects of Paris Blockchain Week

In March, Paris Blockchain Week event was held in Paris. About 700 startups were presented during the event. Clarnium gameFi-platform, developed in Ukraine, got in the TOP 100 of the most promising projects. The Clarnium team was also invited to present their brainchild at the Startup Night at Web3Go in

China's economy grew at a record pace

China's gross domestic product (GDP) rose 4.5 per cent year-on-year in the first quarter, according to the country's National Bureau of Statistics. This was reported by the country's National Bureau of Statistics. GDP growth was higher than analysts polled by Reuters at 4 percent and was a record since

Brazil names alternative to IMF and World Bank

Political analyst Zabolotsky: New Development Bank of BRICS will be an alternative to the IMF and the World Bank Associate Professor of the Federal University of Rio Grande do Sul, expert of the Valdai International Discussion Club, Brazilian political scientist Boris Zabolotsky said that the New Development Bank (NDB) created