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Four key takeaways as lawmakers grill TikTok CEO Lawmakers from both political parties joined forces on Thursday during a committee hearing where TikTok CEO Shou Zi Chew testified on ways his company plans to address recent security concerns raised about the social media app. Criticisms surrounding TikTok were notably bipartisan as House Energy and Commerce Committee members…
The Hill’s Morning Report — Possible Trump indictment overshadows budget talks Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below. Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct…
What Xi and Putin want to gain from their joint meeting Chinese President Xi Jinping is set to travel to Moscow next week to hold talks with Russian President Vladimir Putin – his first visit to Russia since Kremlin troops invaded Ukraine. The March 20 to 22 visit, also Xi’s first foreign trip since winning a third term…
” KuCoin leads $10M funding for Chinese yuan stablecoin issuer “ The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer. KuCoin Ventures has led a $10 million investment into stablecoin issuer and blockchain-based payment service provider known as CNHC. Announcing the news…
” Bitcoin derivatives suggest $26K resistance level won’t hold for long “ The price of Bitcoin (BTC) increased by 28% between March 12-14, reaching $26,500, its highest level since June 2022. Some may attribute the gains to the consumer price index’s (CPI) 6% year-over-year increase in February, even though the figure was in line with…
” CBDCs should protect privacy, not be a surveillance tool: Former CFTC chair “ The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being “freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC). In a Mar. 13 op-ed in The…
China-brokered Iran-Saudi deal raises red flags for US An agreement struck by Iran and Saudi Arabia on Friday to re-establish relations has shifted concerns back to the state of the U.S. role in the Middle East — especially since the deal was brokered by Washington’s main adversary, China. The diplomatic agreement, reached after four days…
” WeChat integrates digital yuan into its payment platform “ WeChat, China’s leading social networking and payment app, has added the country’s central bank digital currency (CBDC), to its payment services, according to reports in local media. The move aims to help broaden the appeal of the digital yuan. WeChat now supports the fast payment…
” China announces plans for new national financial regulator “ The Chinese government has plans for a governmental overhaul, according to a new announcement. This includes introducing a new national financial regulator. On Tuesday, March 7, the government announced that its current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will…
” CZ denounces false rumor ‘widely’ spread on China’s WeChat “ Binance CEO Changpeng “CZ” Zhao has denied a rumor that he had been “shot” by the U.S. federal law enforcement agency, which was “spread widely” across a Chinese messaging platform, in a recent tweet. In a Mar. 4 tweet, CZ addressed the false speculations…