China News by Thebittimes.Com

When a complaint from an XRP token holder gained over half a million impressions on X, Ripple co-founder David Schwartz was forced to explain why Ripple’s blockchain, despite over 300 bank partnerships built over 13 years, doesn’t process billions of dollars worth of daily on-chain volume. Schwartz launched the XRP Ledger with Arthur Britto on June 2, 2012. Unlike Bitcoin, whose founder Satoshi Nakamoto intended to disintermediate banks, Ripple has remained focused on banks for years. On social media, XRP communities track and celebrate bank integrations and how the XRP Ledger can facilitate settlements between trusted intermediaries. Not only that, Ripple has issued hundreds of press statements about banking integrations, and Schwartz appeared to agree with an estimate that the company has established at least 300 banking partnerships . Which is why it’s odd that so few banks actually transact on the XRP Ledger. In his X posts, Schwartz explained that f...

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The United States and China have agreed to extend their 90-day tariff pause, according to China’s Vice Minister of Commerce Li Chenggang. At the beginning of the week, US Commerce Secretary Howard Lutnick hinted that a truce was close, giving a boost to the stock market. The news will be welcome for big tech and companies with a heavy presence in China, such as Apple and Nvidia. JUST IN: US and China officially agree to extend 90-day tariff pause. pic.twitter.com/R0AQA9mXIc — Watcher.Guru (@WatcherGuru) July 29, 2025 Li made the announcement during a briefing in Stockholm on Tuesday following trade talks between the US and China. During the briefing, Li described the talks as “candid” and “in-depth.” The Chinese official also stated that the two countries exchanged healthy views on macroeconomic issues during their talks. The US and China will reportedly continue to remain in close contact during the tariff pause to come to a permanent deal. In addition, U...

A crypto analyst who nailed Bitcoin’s pre-halving correction last year believes that BTC is poised to ignite fresh rallies. Pseudonymous analyst Rekt Capital tells his 553,600 followers on the social media platform X that Bitcoin needed a weekly candle close above $119,200 to trigger a breakout from a bullish continuation pattern. With BTC closing the previous week at around $119,400, the analyst says Bitcoin is now in the process of flipping the resistance level into support and that breakout rallies are in sight. “Bitcoin did it. Bitcoin Weekly Closed above the ~$119,200 Bull Flag Top and is now in the process of retesting it to fully confirm the breakout. Downside wicking is possible on this retest, as long as the Bull Flag Top is maintained as support.”  Source: Rekt Capital/X At time of writing, Bitcoin is trading for $118,183. Another crypto asset that had a strong weekly close is the memecoin Pudgy Penguins (PENGU), according to the t...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Shiba Inu is one of the most versatile coins, be it in terms of its meme status or regarding its growing SHIB ecosystem. The token keeps attracting investors from all corners of the world, keenly exploring various investment positions that they think they can invest in for better profit prospects. Both long and short positions have delivered great profits to users, but what if an investor ends up playing both sides? Here’s a new SHIB hedge explained in detail to help make the most out of the coming altcoin season. Also Read: New Prediction Says $11,000 in Shiba Inu Could Turn $500,000 in 2030 Shiba Inu: Long and Short Positions Explained Source: Watcher.Guru Long and short positions in cryptocurrency refer to nuanced trading techniques. As BitStamp explains about opening short positions in an asset, this would simply mean earning a profit from an asset’s falling price. On the other hand, going long would refer to earning a profit from an asset’s rising price. Long positions ...

XRP is entering one of its most closely watched trading windows in recent months, with the looming release of 1 billion XRP tokens by Ripple and unconfirmed reports of behind-closed-doors discussions between the SEC and Ripple casting a shadow of intrigue over the market. These twin catalysts come at a time when the token has only just begun cooling from a strong July rally, leaving traders divided on whether the next move will be a decisive breakout or a deeper correction to the one which wiped $20 billion from the tokens market cap in just 24 hours on July 23. To cut through the noise, Finbold’s AI price prediction agent deployed a machine learning framework blending three advanced models, GPT-4o, Claude 3.5 Sonnet, and Grok 2 Vision, supported by a battery of technical indicators including MACD, RSI, stochastic oscillators, and 50-day moving averages. The goal: to assess where XRP is likely headed by August 1, 2025, when Ripple’s token unlock could inject new supply int...

The global foreign exchange market conducts transactions worth $7.5 trillion a year, according to the Bank for International Settlements latest triennial survey. The US dollar takes the majority of the share, with 88% of all foreign exchange transactions being settled in it. Therefore, the usage of the USD in foreign exchange transactions is $6.6 trillion, which BRICS is aiming to overtake. On the other hand, BRICS member China’s local currency, the yuan, is used in only 7% of all global foreign exchange. The euro takes the second spot at 30.5% of all FX transactions yearly. The sum of volume can exceed 100%, indicating how often each currency is used on either side of a trade. Also Read: India Confirms BRICS De-Dollarization Efforts Despite Trump’s Pressure BRICS Falters in the Foreign Exchange Market, No Match for the USD Source: Getty Images The development indicates that the BRICS alliance must position their local currencies to be used more than $6.6 trillion in the foreign e...

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