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Goldman Sachs China growth projections have been revised higher after the surprise US-China deal to cut each other’s tariffs. The investment bank now expects China’s GDP growth forecast to rise to 4.6 percent in the year 2025 up from its initial projection at 4%. Currently, this development is coinciding with the easing of trade tensions and thus may help stimulate China’s economic recovery and market confidence. Also Read: Global Financial Authority IIF Endorses XRP as Swift Alternative for Payments Tariff Relief Boosts China’s GDP, Trade Outlook, And Market Confidence Source: Watcher Guru Key Forecast Revisions Source: Mint Goldman Sachs has also revised its China growth outlook to 2026 at 3.8% up from 3.5%. The revision is a sign of increasing optimism over China’s mid-term outlook despite still falling short of Beijing’s 5% target for 2025. Currently, the tariff reduction impact has managed to impact the financial markets instantly and with rather obvious positive implications...

In what is yet another part of the continued aftermath of US President Trump’s Liberation Day, Amazon has reportedly canceled some inventory orders from China following the country’s tariffs. Indeed, the e-commerce juggernaut is seeking to “reduce exposure to tariffs,” according to a Bloomberg report. The Trump administration imposed a 10% baseline tariff in its recent announcement last week. However, this contentious relationship with China and rising geopolitical tensions saw them increase those import duties to 104% this week as a trade war looks to be brewing. JUST IN: Amazon cancels inventory orders from China due to tariffs. — Watcher.Guru (@WatcherGuru) April 9, 2025 Also Read: European Union to Impose Up to 25% Tariffs on US Goods Amazon Cancels Chinese Orders as Trade War Heats Up It has certainly been a troublesome start to 2025 for the US economy. With returning President Donald Trump adopting an aggressive economic policy to balance trade, markets in...

The BRICS alliance is divided on the idea of replacing the US dollar with local currencies for trade and transactions. Countries such as India, Brazil, South Africa, and the UAE are slowly going soft on the idea of de-dollarization. Trump’s recent tariffs are the cause for backtracking as high tariffs eat into the revenue sheets of their imports and exports sector. The stock market crash is also making things worse as trillions worth of funds are being erased from the markets. Also Read: BRICS: China & Brazil Officially Announce to Trade in Local Currencies Not Every Country Wants to End US Dollar Reliance Source: AFP The proposal to end the US dollar dependency now hangs on a thread as one-third of the BRICS alliance is stepping away from the idea. Only countries such as China, Russia, and Iran are aggressively pursuing the de-dollarization agenda globally. Russia and Iran are reeling under sanctions and are desperate to break free to protect their respective economies. Also Read...

President-elect Donald Trump is advancing to fracture and dismantle the BRICS alliance, said a political analyst from Moscow, Boris Mezhuyev. The analyst explained that the 47th President of the United States is determined to take on countries that threaten to cut ties with the US dollar. BRICS is the first in line to receive the ire of Trump after he takes oath on January 20, 2025. Also Read: 4 New Countries Show Interest To Join BRICS Alliance The BRICS alliance vowed to spread the de-dollarization agenda worldwide and Trump recently responded to the initiative. The President-elect vowed to put a 100% tariff on all goods entering the US from countries that want to end reliance on the US dollar. The move will force the bloc to use the greenback for trade and not local currencies for cross-border transactions. Also Read: Currency: US Dollar Pushes the Indian Rupee Further Down BRICS to Face the Ire of Trump, Says Political Analyst Instagram / Donald Trump Mezhuyev stressed that Trump w...

Crypto security firm SlowMist has discovered 100 wallet addresses linked to a phishing scam that drained hundreds of thousands of dollars from unsuspecting crypto users. A new phishing scam has emerged in China that uses a fake Skype video app to target crypto users As per a report by crypto security analytic firm SlowMist, the Chinese hackers behind the phishing scam used China’s ban on international applications as the basis of their scam, as several mainland users often search for these banned applications via third-party platforms. Social media applications such as Telegram, WhatsApp, and Skype are some of the most common applications searched for by mainland users, so scammers often use this vulnerability to target them with fake, cloned applications containing malware developed to attack crypto wallets. Baidu search results for Skype. Source: Baidu In its Analysis , the SlowMist team found that the recently created fake Skype application bore version number 8.87.0.403, while th...

The initial phase of Hong Kong’s central bank digital currency (CBDC) pilot has concluded, showcasing potential advancements in digital finance, though leaving uncertainties regarding its full implementation and technological direction. Hong Kong has finished the first part of its trial for a CBDC. At this point, it is still not clear if they will fully roll out the retail version, called e-HKD. The project showed some promising areas, like atomic settlement, tokenization and programmability. Atomic settlement means quick and final transactions, which could assist businesses using digital payments instead of cash. It will be imperative that businesses and middlemen work together to make processes faster and more efficient. OCTOBER 2023 HKMA CBDC PILOT REPORT DETAILS HOW RIPPLE PARTICIPATED IN THE PILOT THROUGH THE TOKENIZATION OF REAL ESTATE ASSETS https://t.co/mxKrGnSPgJ pic.twitter.com/gYglULtqxn — ISO 20022…. LET'S DO IT (@Rohitku24694375) October 30, 2023...

BitMEX co-founder and former CEO Arthur Hayes predicts Bitcoin (BTC) could reach at least $750,000 by 2026. Hayes outlined several reasons behind his bullish outlook on Bitcoin in a recent interview with Tom Bilyeu, the CEO of Impact Theory.  The former CEO anticipates that in 2024, Bitcoin will see a surge to around $70,000. This boost is expected to be driven by various factors, including potential financial crises and the impact of the Bitcoin halving event. He also cited the potential introduction of spot BTC exchange-traded funds (ETFs) by major asset managers in the U.S., Europe, and specifically, China, particularly in Hong Kong. This upward momentum is predicted to push Bitcoin beyond its previous all-time high. You might also like: XRP rallies 5% after court rejects SEC’s request to appeal Ripple ruling Moreover, Hayes stressed that the impending rise of Bitcoin is part of a larger global financial trend. He believes that we are on the brink of the largest financ...

This week, The Market Report discusses Grayscale’s victory against the SEC, the impact of Evergrande’s bankruptcy, and what happened to the 16 trillion PEPE tokens reportedly stolen. On the latest episode of The Market Report , Cointelegraph analyst Marcel Pechman delves into Grayscale’s victory against the United States Securities and Exchange Commission. Even though there’s still no decision regarding the firm’s application for a spot Bitcoin (BTC) exchange-traded fund, the decision was favorable for Grayscale and its Grayscale Bitcoin Trust, which has over $16 billion in assets under management. Next, Pechman discusses the impact of Chinese real estate giant Evergrande’s bankruptcy and questions why it took almost two years to announce the company’s inability to repay its debt. According to The Kobeissi Letter, it seems related to China’s recent unexpected cut in interest rates. Pechman reminds viewers that China recently announced several measures to stimulate the stock market. Ul...

Xiao Yi was accused of abuse of power and corruption in operating a $329 million Bitcoin mining enterprise. A Chinese government official has been sentenced to life in prison for both illegitimate business operations of running a 2.4 billion Chinese Yuan ($329 million) Bitcoin mining enterprise and unrelated charges of corruption .  According to local media reports, on Aug. 22, the Intermediate People's Court of Hangzhou City sentenced Xiao Yi, a former member of the Jiangxi Provincial Political Consultative Conference Party Group and Vice Chairman, to life in prison for corruption and abuse of power. The corruption charges stem from non-crypto-related activities of bribery from 2008 to 2021. The abuse of power charges, dating from 2017 to 2021, stem from providing financial and electricity subsidies to Jiumu Group Genesis Technology, a firm based in the City of Fuzhou that at one point operated more than 160,000 Bitcoin (BTC) mining machines. Prosecutors say that Yi "c...

Taiwanese lawmakers reportedly expect to finalize a crypto regulatory framework by the end of March or April at the earliest. The Financial Supervisory Commission (FSC) of Taiwan will become the main regulator of Cryptocurrencies in the island country, according to the head of the authority . FSC chairman Huang Tien-mu has announced that the regulator will assume the supervisory authority on the crypto industry in Taiwan, the local news agency United Daily News reported. Huang addressed Taiwan’s parliament, the Legislative Yuan, on March 20 regarding the regulation of cryptocurrencies in the Republic of China (ROC). He pointed out that the FSC’s upcoming crypto regulatory framework will include major rules and policies, including separation of customer assets from company’s funds and investor protection practices. The official specified that the FSC is currently instructed by the nation's highest administrative body — the Executive Yuan — to supervise payments and transactions...