Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week
Weakening Chinese yuan leads to higher Bitcoin prices and Asian premium Go to Source Powered by WPeMatico
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Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report
Bitfinex shareholder Zhao Dong claims Tether will release a version of its stablecoin pegged to commodities such as gold, crude oil and rubber Go to Source Powered by WPeMatico
Report: No Bank Account Needed to Transfer China’s Upcoming CBDC
The upcoming China CBDC will be available to users without bank accounts, says Binance Research Go to Source Powered by WPeMatico
Circle CEO Says Tokenized Fiat Currencies Are on the Horizon
Circle’s CEO said the company forecasted sovereign digital currencies back in 2013 Go to Source Powered by WPeMatico
Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses
Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth Go to Source Powered by WPeMatico
Russian Banks Join Chinese Swift – Is the Dollar Era Under Threat?
As a Saudi oil minister once remarked, the Stone Age didn’t end because we ran out of stones. It seems it’s neither the deficit of a tool nor its deficiencies that make it obsolete, but rather the invention of new tools that do the job better. With increasing competition, will the U.S. dollar continue to … Read more
CNY Inflows Into Crypto Markets Surge After Shanghai Composite Spike
Back in January 2017, China’s financial authorities initiated their first crackdowns against domestic bitcoin exchanges, with a ban on mainland exchanges cryptocurrencies against the yuan coming shortly thereafter. Now, close to two years and three months later, a surge of CNY has been flowing back into the digital currency economy after the Shanghai Composite posting … Read more
Bitcoin Primely Positioned as U.S. Foreign Policy Pushes Rivals to Ditch Dollar
As President Donald Trump presides over geopolitical shape-shifting as the poster boy of separatist politics, the most significant clapback yet may be loss of confidence in the U.S. dollar. The dollar has been politically weaponized in the service of American interests and now other global powerhouses are betting on taking back control of their economies … Read more
China’s Central Bank Seeks Digital Currency Specialists
China’s central bank, the People’s Bank of China, is seeking professionals with digital currency and blockchain experience Go to Source Powered by WPeMatico
China Should Consider Launching its Own Stablecoin, Central Bank Expert Says in Op-Ed
Despite the current ban on crypto, China should consider launching its own stablecoin, PBoC expert says Go to Source Powered by WPeMatico