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China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan
State-owned commercial banks in China are reportedly testing a wallet for the country's forthcoming digital yuan.
дальше »2020-8-7 15:05 | |
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Anonymity in China’s Crypto Yuan is Bad News for US Lawmakers
While the US drags its regulatory feet and gets bamboozled by bureaucracy, China forges ahead and could launch its own digital currency within a few months. Crypto Yuan Nearing According to a central bank official, China’s planned crypto yuan is not all about spying on its citizens. дальше »
2019-11-13 08:53 | |
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China's digital yuan will eliminate shadow banking: Dovey Wan
Dovey Wan, Founding partner at Primitive Ventures, has been proactive in uncovering China's crypto-space for the global audience. She recently featured on an edition of the Off the Chain podcast to clThe post China's digital yuan will eliminate shadow banking: Dovey Wan appeared first on AMBCrypto. дальше »
2019-11-13 08:33 | |
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Holders of the Digital Yuan Will Not Be Paid Interest
China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. дальше »
2019-11-9 22:00 | |
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PBoC official on CBDC: Front runner will take the whole market
China's Central Bank, People's Bank of China [PBoC] has been working proactively on its digital yuan and according to an official, it will be no less than a "horse race" with financial institutions adThe post PBoC official on CBDC: Front runner will take the whole market appeared first on AMBCrypto. дальше »
2019-11-6 16:30 | |
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Coinbase officer's call for tokenized U.S Dollar wins Circle CEO's support
Amidst reports suggesting that China is coming up with a government-backed digital yuan, many well-known crypto-proponents in the space have urged lawmakers to tokenize the U. S dollar. In the latest dThe post Coinbase officer's call for tokenized U. дальше »
2019-11-5 18:00 | |
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China could back their digital yuan with something unexpected - Gold
Red and Gold, not Red and Yellow. China is leading the race for the first central bank-backed digital currency. However, the term "backed," might not be what most people expect. The People's BanThe post China could back their digital yuan with something unexpected - Gold appeared first on AMBCrypto. дальше »
2019-11-2 14:30 | |
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China, Europe will lead CBDC race as South Korea opts out
China sparked a debate that is spreading like wildfire throughout the world. With the developments surrounding Beijing's Digital yuan, a project which has been in development for over a year, competinThe post China, Europe will lead CBDC race as South Korea opts out appeared first on AMBCrypto. дальше »
2019-11-1 16:00 | |
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Guangzhou, China Introduces 1 Billion Yuan Fund to Accelerate Blockchain Development
Guangzhou state government launches a 1 billion yuan fund, approx. $140 million USD, to boost blockchain innovations in the state. Guangzhou Huangpu District and Guangzhou Development Zone, who make up strategic technological decisions came up with the “Detailed Rules for Implementing Several Measures for Accelerating Blockchain Industry Leading Change”. Guangzhou’s $140 million fund to accelerate […] дальше »
2019-10-31 00:41 | |
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Binance Adds BNB Coin to the P2P Platform for Chinese Investors
Crypto giant exchange platform Binance has added BNB coin on their peer-to-peer platform for the Chinese investors. The platform now has four virtual currencies that investors and users can trade against the Chinese Yuan. дальше »
2019-10-30 17:58 | |
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Facebook’s Libra could be both a yuan competitor, and a yuan enhancer
ANZ Research recently published its report on China’s de-dollarization, Libra and RMB globalization; a report which said that while China still allocates a high share of its foreign exchange reserves to USD (estimated at around 59% as of June 2019), it is likely to speed up the pace of diversifying into other currencies as time […] The post Facebook’s Libra could be both a yuan competitor, and a yuan enhancer appeared first on AMBCrypto. дальше »
2019-10-29 19:00 | |
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Bitcoin P2P Trading Volume in China Explodes Past All-Time High
Peer-to-peer trading platform Paxful has seen a surge in its trading volume for Bitcoin (BTC) against the Chinese yuan. It posted a new all-time high this past week. Recently, Binance announced that its peer-to-peer Bitcoin trading platform in China will be open to using WeChat and Alipay. дальше »
2019-10-22 12:18 | |
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Libra, China’s CBDC could divert Euro supply: Bank of France’s Denis Beau
Over the past few months, the confluence of payments and the global economy has never been clearer. With Libra sending tremors from Washington D. C. to Paris, and China unveiling its plan to launch a digital yuan, ill-prepared lawmakers are feeling the brunt of not paying enough attention to the growing digital payments industry. дальше »
2019-10-16 09:43 | |
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Binance’s Peer-to-Peer Trading in China is Great for Everyone
Coinspeaker Binance’s Peer-to-Peer Trading in China is Great for EveryoneCryptocurrency exchange platform Binance launched its P2P trading facility for trading cryptocurrencies against the Chinese Yuan. дальше »
2019-10-12 11:10 | |
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Pomp: The U.S. Must Tokenize the Dollar to Remain Competitive
In a recent interview with CNBC’s Squawk Box, Anthony Pompliano, the co-founder of Morgan Creek Digital, has argued that the United States must tokenize the dollar to remain competitive in the shifting global financial landscape. дальше »
2019-9-29 22:07 | |
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China’s Crypto Could Become a Global Reserve Currency: Circle CEO
Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Speaking to CNBC's Squawk Box, Allaire highlighted the budding prospects of the central bank digital currency (CBDC), suggesting that it could act as the "mechanism" for worldwide adoption of the yuan. дальше »
2019-9-14 20:39 | |
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ICYMI: Circle CEO Weighs in on China’s Digital Currency Initiative, Facebook’s Libra, and Lunch with Warren Buffett
In a series of interviews over the last week, Circle CEO Jeremy Allaire has weighed in on how China is far ahead of any other country in creating a Central Bank Digital Currency and why that will help lead to the internationalization of the yuan. He has also broken down дальше »
2019-9-14 18:34 | |
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Asian Stocks Post Huge Rally After U.S., China Exchange 'Goodwill Gestures'
Asian stocks advanced on Friday after an apparent thawing in U. S. -China trade tensions fueled investors' appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U. дальше »
2019-9-14 06:27 | |
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Asian Stocks Post Huge Rally After U.S., China Exchange ‘Goodwill Gestures’
Asian stocks advanced on Friday after an apparent thawing in U. S. -China trade tensions fueled investors’ appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U. дальше »
2019-9-13 06:27 | |
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Tether pips China to post with digital yuan
Controversial stablecoin Tether is launching a new stablecoin dubbed 'CNHT' pegged to the offshore Chinese yuan. дальше »
2019-9-12 15:01 | |
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Here’s Why China is Pushing A Central Bank Digital Currency, Not Crypto
China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset. дальше »
2019-9-12 13:00 | |
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Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)
China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). дальше »
2019-9-12 22:30 | |
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China Is The Closest To Issuing a Central Bank Digital Currency Than Any Other Country
In an interview with Phoenix Chinese news Circle CEO Jeremy Allaire has said that China is the closest to getting a Central Bank Digital Currency (CBDC). China's Phoenix TV interviewed Circle CEO @jerallaire on CBDCs, the internationalization of the Yuan, the rise of USD Coin and the rapidly growing global stablecoin phenomenon. Full interview: https://t.co/Ru29jhLUTj […] дальше »
2019-9-12 19:35 | |
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Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto Competition
Coinspeaker Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto CompetitionCircle CEO Jeremy Allaire said that China's research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system. дальше »
2019-9-11 17:32 | |
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China is Already a Digital Economy, so why Introduce a Central Bank Digital Currency?
China has been trending away from cash and toward digital payments for quite some time now. In 2018, 3. 8 quadrillion yuan was remitted using plastic cards, cheques, electronic transfers, and other formal methods. дальше »
2019-9-11 13:16 | |
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Facebook Libra's USD-EUR-GBP-JPY-SGD Crypto Basket May Reject China's Yuan
The basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan. According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar. дальше »
2019-9-10 14:02 | |
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Tether’s new yuan-based stablecoin is the newest addition in circumventing regulations
Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country. дальше »
2019-9-10 22:15 | |
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Inverse Bitcoin Price to Yuan Correlation Sets a New Record
Over the past few months, a trade war has been raging between the U. S. and China. Throughout this, Bitcoin (BTC) has managed to post stellar gains, rallying by some 100% since the latest leg of this dispute began. дальше »
2019-9-8 21:00 | |
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Economist: Calling Bitcoin a Macro Asset is “Mass Delusion”
Bitcoin reaches a record inverse relationship with China’s currency But it is not yet a macro asset In 2019, there were several instances that showed Bitcoin is becoming a hedge against the global issues. дальше »
2019-9-7 18:51 | |
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US and China Trade War May Be Driving Chinese Investors To Bitcoin (BTC)
The trade war between the United States and China is reaching new highs recently as the Chinese yuan keeps falling in value. Because of this, some signs that Chinese investors are starting to buy Bitcoin are starting to appear these days. дальше »
2019-9-7 21:16 | |
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China’s Cryptocurrency 'Protects' Legal Currency Yuan: Central Bank Official
China's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank. дальше »
2019-9-6 13:40 | |
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China’s Cryptocurrency ‘Protects’ Legal Currency Yuan: Central Bank Official
China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank. дальше »
2019-9-8 13:40 | |
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Bitcoin Price Breaks $10,000, Supercharged by China's Soaring Forex Appetite
Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1. дальше »
2019-9-3 11:44 | |
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Tether Plans to Mint Digital Yuan and Commodity Coins, Says Bitfinex Shareholder
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. дальше »
2019-8-31 01:59 | |
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Bitcoin Cautious as China Reduces Benchmark Rate
Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth. The top cryptocurrency dropped by $242, or 2. 21 percent, to $10,705 as of 16:48 Shanghai time. дальше »
2019-8-20 16:00 | |
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Is Bitcoin A Safe Haven? Ask China And Argentina
Nevermind the double-digit price swings. Despite the day-to-day roller coaster ride of crypto markets, spiking demand in China and Argentina point to a pivot point for the largest digital currency – from risky bet to safe store of value. дальше »
2019-8-17 22:26 | |
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Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist
A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0. дальше »
2019-8-14 17:00 | |
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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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