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Chinese Tech Giant Baidu Has Rolls Out Its Open-Sourced XuperChain Blockchain Network
Internet giant Baidu has just released its own cryptocurrency called Xuperchain. The news comes as China is preparing for launching the Yuan digital currency. According to finance. ifeng. com, Baidu’s Xuperchain has just been launched on January 6 with the Open Network, which is designed to empower SMEs and developers. дальше »
2020-1-6 18:27 | |
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People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan
The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency
дальше »2020-1-6 12:57 | |
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China’s Central Bank Digital Currency is “Digital Form of the Yuan” & “Not for Speculation”
China’s new sovereign digital currency would not be open to speculation like other cryptocurrencies, said a Chinese central bank official on Saturday. Mu Changchun, head of the People’s Bank of China’s digital currency research institute said it would be a “digital form of the yuan” that wouldn’t need the backing of a basket of fiat […] дальше »
2019-12-23 19:11 | |
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PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket for backing, Changchun affirmed. дальше »
2019-12-23 10:21 | |
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China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. дальше »
2019-12-12 07:30 | |
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Will China support crypto market? People’s Bank of China issues blockchain bonds
Despite numerous hostile measures regarding cryptocurrencies, People’s Bank of China can contribute to the development of the cryptocurrency market, and significantly. Bonds on the blockchain worth 20 billion yuan ($ 2. дальше »
2019-12-11 20:10 | |
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Bank of China Introduces Blockchain Bond Issuance System, Issues 20 Billion Yuan Bond
One of China’s largest banks has just issued a 20B yuan bond using its blockchain bond issuance system. It is the first time this system has been put to use. A leading bank in China has just used its blockchain bond issuing system for the first time. дальше »
2019-12-9 19:37 | |
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PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
People’s Bank of China is entering another stage of its tests for a crypto payment system. The central bank announced it had completed the preliminary tests and has turned to create a testing ground with the aid of major Chinese companies and banks. дальше »
2019-12-9 12:16 | |
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Dow Futures Plunge 200 Points as Goldman Sachs Fears Recession
Dow Jones Industrial Average (DJIA) futures collapsed in early trading Monday, falling more than 200 points. The move comes on a trifecta of bad news for global stock markets. Goldman Sachs issued a recession warning, China continued to hold the yuan at weak levels, and Treasury bonds plunged overnight. дальше »
2019-8-12 13:24 | |
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Digital Yuan: Weapon in US Trade War or Attempt to Manipulate Bitcoin?
Six years after beginning to research digital technologies, China has finally decided to accelerate the development of a state cryptocurrency
дальше »2019-8-10 23:42 | |
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Is Bitcoin Really A Hedge Against The US-China Trade War And Devaluing Yuan?
The trade war between the world’s two biggest economies continues to intensify while China’s yuan remains above the important physiological level 7 at 7.6 against the US dollar on Friday. With central banks around the world making rate cuts and a threat of currency crisis looming, Bitcoin is fast becoming a safe haven asset. According […] дальше »
2019-8-9 15:48 | |
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Dow Leaps 280 Points But Bond Markets Scream ‘Recession!’
The Dow and broader U. S. stock market were in recovery mode on Thursday, as investors moved past China’s controlled devaluing of the yuan renminbi. Despite the recovery, one doesn’t have to look very far to see systemic imbalances in the financial markets. дальше »
2019-8-9 22:24 | |
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Bitcoin Might Become #1 Hedge During Global Economic Uncertainty
American stock markets experienced their worst trading day of the year on Monday after China escalated the ongoing trade war with the U.S. by devaluing the Yuan. As global economic... The post Bitcoin Might Become #1 Hedge During Global Economic Uncertainty appeared first on Trustnodes. дальше »
2019-8-9 17:34 | |
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Dow Sneaks Higher, But China Unleashes Alarming Trade War Threat
The Dow snuck higher on Thursday as Wall Street reckoned with Beijing’s “controlled depreciation” of the yuan. However, China has unleashed an alarming new threat that risks derailing the US economy. дальше »
2019-8-8 16:36 | |
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Stock Futures Stabilize After Wild 600 Point Dow Swings
Stock market futures point to a stable open on Wall Street after yesterday’s wild session which saw the Dow Jones plunge 600 points before recovering. The volatility subsided overnight as China stabilized the yuan and US Treasury yields recovered after plunging near all-time lows on Wednesday. дальше »
2019-8-8 15:03 | |
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Capital Flight from China Causing Bitcoin’s Pump: Kyle Bass
Well known fund manager of Hayman Capital Management, Kyle Bass, believes that the current run-up in Bitcoin is has been caused by global trade tension, Yuan devaluation, and capital leaving China. In an interview with Yahoo, Kyle emphasized that while capital is leaving China through gold and Bitcoin, the rising market will be cut short byRead MoreRead More. дальше »
2019-8-8 19:00 | |
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Dow Suffers Brutal 475 Point Reversal, Trump Blames Fed
The Dow Jones snapped back into its brutal reversal on Wednesday, as recession alarms thundered throughout the global economy and China continued to confound analysts with its handling of the yuan. дальше »
2019-8-8 17:06 | |
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China denies currency manipulation, while Bitcoin (BTC) will grow
The collapse of the renminbi to a record level since the financial crisis of 7 yuan per dollar was “caused by market factors,” the Chinese side said. Prior to this, Trump accused China of currency manipulation in order to help Chinese exporters. дальше »
2019-8-7 14:45 | |
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Dow Recoups 275 Points as China Manipulates the Market - Again
The Dow and broader U. S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders. дальше »
2019-8-7 22:26 | |
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“It Is Irresponsible For Institutions Not To Have Exposure To Bitcoin,” Says Anthony Pompliano
“We may well be at the most dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China,” said Lawrence Summers, former Secretary of the Treasury Monday. дальше »
2019-8-6 21:55 | |
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Global Stock Markets Continue Crashing Down as U.S. Treasury Tags China ‘Currency Manipulator’
Coinspeaker Global Stock Markets Continue Crashing Down as U. S. Treasury Tags China ‘Currency Manipulator’Following China’s extreme devaluation of the Yuan, the U. S. Treasury Department has labeled China a “currency manipulator. дальше »
2019-8-6 12:26 | |
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Bitcoin Rally May Be Bolstered by Chinese Yuan Devaluation, Claims Analysts
Over the past couple of days Bitcoin (BTC) has incurred a significant influx of buying pressure that has sent its price skyrocketing towards the upper-$11,000 region, which has proven to be a slight level of resistance for the cryptocurrency. дальше »
2019-8-6 03:00 | |
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Bitcoin Price Resurgence Is a 'Self-Fulfilling Prophecy': Analyst
When the bitcoin price smashed through $11,000 overnight and set its sights firmly on the $12,000 mark, analysts almost uniformly pointed to China’s stunning decision to defy the Trump administration and devalue the yuan as the catalyst. дальше »
2019-8-6 22:56 | |
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Dow Implodes After China Bares Its Trade War Fangs
The Dow Jones is getting pummeled again, down 721 points (2. 72%) as a significant global move from risk comes on the back of a fresh escalation in Trump’s trade war with China. Beijing has mounted its most vigorous response yet, weaponizing the yuan and making an official point to avoid US agricultural exports. дальше »
2019-8-5 20:29 | |
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Beijing’s Decision To Weaken The Yuan Sees Wide Market Rally Led By Bitcoin
Last week, U. S President Donald Trump announced additional tariffs for Chinese goods coming into the U. S. This announcement sparked an overnight surge for Bitcoin, giving back the bulls the momentum they much needed. дальше »
2019-8-5 18:52 | |
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Bitcoin witnesses ‘macro-convergence’ as capital from China flows out of Yuan and into ‘financial haven asset’
The Chinese Yuan has crossed ‘7’ for the first time in over a decade causing massive economic unrest on a global scale, causing stock markets and other assets to tumble. It has coincidentally caused the price of Gold, Bitcoin, and other stores of values to surge. дальше »
2019-8-6 18:30 | |
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Yuan Falls, Bitcoin Jumps, Trump Says ‘Major Violation’ By China, Pressures Fed
Bitcoin (BTC) is currently trading up 8% at $11,787 on Coinbase on the back of a yuan devaluation that dramatically escalates the US-China trade war. It is difficult not to ponder that a nightmare scenario... дальше »
2019-8-5 18:03 | |
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Bitcoin Shoots Up on Rising Threat of Full Blown Currency War as China’s Yuan Drops Below 7
The simmering trade tensions between the US and China have threatened to spark a full-blown currency war after Beijing lets the yuan weekend past the psychologically important point of 7 to the American dollar for the first time in over a decade. дальше »
2019-8-5 17:42 | |
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Dow Crashes After China ‘Weaponizes’ Yuan, ‘Abandons’ Trade Deal
The Dow Jones suffered another nauseating crash on Monday after China retaliated against President Trump’s tariff threats by escalating the trade war - and perhaps abandoning the negotiations altogether. дальше »
2019-8-5 16:41 | |
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Dow Futures Bloodbath as China 'Weaponizes' Currency Against Trump
US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats. дальше »
2019-8-5 14:00 | |
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Bitcoin Nears $11,000 as Yuan Fall on China Tariffs
Bitcoin has risen by about $1,000 in the past three days to now stand at $10,800 once again. The rise of about 10% looks like a reversal, with bitcoin perhaps... The post Bitcoin Nears $11,000 as Yuan Fall on China Tariffs appeared first on Trustnodes. дальше »
2019-8-4 17:41 | |
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After Digital Yuan, A Digital Rupee Could Be On The Cards
Following China's footsteps, India despite their restrictions on cryptocurrencies could launch a government issued stablecoin, the Digital Rupee The post After Digital Yuan, A Digital Rupee Could Be On The Cards appeared first on Ethereum World News. дальше »
2019-7-17 15:00 | |
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China’s Roadmap For A Digital Yuan, Will Tron (TRX) And NEO Benefit?
The People's Bank of China is charting the road map that will lead to the creation of a digital yuan. That may prove beneficial for Tron and NEO. The post China’s Roadmap For A Digital Yuan, Will Tron (TRX) And NEO Benefit? appeared first on Ethereum World News. дальше »
2019-7-11 13:00 | |
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Report: Bitcoin Works as a Hedge For Economic Freedom
Grayscale Investments has released their latest research report, highlighting the importance of self-sustaining and uncontrollable money to stop governments from curbing a person’s right to move their own money. дальше »
2019-6-18 21:00 | |
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Hong Kong pushes up Bitcoin (BTC)
The expected correction of Bitcoin after the rapid growth at the weekend did not happen. The reason – the jaw-dropping and unrelenting protests in Hong Kong. Hong Kong is afraid of yuan How can protests in the territory returned to China affect crypto? Hong Kong returned to its “home port” on July 1, 1997, shaking […] дальше »
2019-6-18 15:03 | |
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Chinese Yuan Tumbles, A Break Through $7 Would Get “Bitcoin Bulls Excited”
Since May 13, Chinese Yuan has been trading in a tight range of 6. 90 and 6. 95 which finally broke down and tumbled 0. 5%. The biggest in three weeks to a low of 6. 962 vs the US dollar, the lowest level since November 2018. дальше »
2019-6-8 19:59 | |
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Bitcoin and Other Major Altcoins to Continue Price Surge Unless U.S. China Trade War Ceases
The United States and China are still very much at loggerheads and this dispute may not be resolved anytime soon. The trade war between the two economic giants has been noted as one of the many reasons behind Bitcoin’s recent rally because Chinese businessmen may have moved to Bitcoin in the fear that the Yuan […] The post Bitcoin and Other Major Altcoins to Continue Price Surge Unless U.S. China Trade War Ceases appeared first on ZyCrypto. дальше »
2019-5-31 22:23 | |
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China Throws Bitcoin-Mining Grandma in Jail for Electricity Theft
By CCN: Chinese authorities sentenced a 61-year-old grandmother to four months in jail for stealing electricity while mining bitcoin. Qiuping Tang was also fined 10,000 yuan (about $1,500) for electricity theft. дальше »
2019-5-28 20:15 | |
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Bitcoin Demand Will Surge if The Chinese Yuan Falls More: BitMEX CEO
As we reported the other day, evidence is purportedly mounting that Bitcoin and the Chinese Renminbi (RMB), known as the Yuan, are tied to each other. A report from the South China Morning Post recently noted that. дальше »
2019-5-25 07:00 | |
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