Yuan

Over $12.4 Billion USD Transacted On China’s Official Blockchain Project, PBoC Affiliate Report (coingape.com) 02/22/2020 - 12:17pm
The People’s Bank of China (PBoC) announces a spike in blockchain usage by Chinese banks. Over $12.4 billion USD transacted on the central bank’s blockchain network. In late September 2018, the central bank of China, PBoC, announced the launch of their blockchain project to improve the payment transactions across banks and financial institutions...
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JPMorgan Says Blockchain Is Laying Foundations for Digital Money (bitcoinist.com) 02/22/2020 - 8:30am
JPMorgan released a report last Friday, detailing the global enthusiasm for blockchain technology in the financial sector. In the 74-page report, JPMorgan described several projects that have developed the ‘real world’ financial application and as a result describes 2019 as the year of “the rise of digital money”. In the report, the US investment...
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Is It Time For The Fed To Create Their Digital Dollar? (cryptosyringe.com) 02/22/2020 - 3:19am
J.Christopher Giancarlo the former Commodities and Futures Trading Commission Chairman thinks so and wants the government to consider it too. The former regulator thinks that the Federal Bank needs to create and issue a cryptocurrency to catch up with the likes of the Chinese government. J.Christopher Giancarlo the former Commodities and Futures...
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Why Today’s Crypto Exchange Leaders Are Powerful, but Not Inevitable (e-cryptonews.com) 02/21/2020 - 3:00pm
As crypto traders ask why bitcoin prices shot downward, the power and influence of exchanges are at the center of the conversation. After settling in at the $10,000 price level, bitcoin (BTC) suddenly and rapidly fell more than 5 percent in an hour on Wednesday. As the market discusses possible explanations, some floated the unexpected...
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The Coronavirus Outbreak Could Push China’s Central Bank to Go Crypto (blockonomi.com) 02/21/2020 - 9:14am
If you turn on the news, chances are you’re going to hear or see something about the coronavirus outbreak that originated in the Chinese city of Wuhan; for the past few weeks, the number of cases of this illness, which has a relatively high mortality rate when compared to the flu and seems to be easily transmissible, has been put into the...
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Retail Investors Are Trading On ETC Even When Market Focus Is On LTC (cryptosyringe.com) 02/21/2020 - 9:03am
Jins of the Bitcoin World Research Institute has reasons to say that Bitcoin fluctuates sideways. The data of the on-chain transactions as on February 20, indicates the number of ETCs being used for short-term retail transactions is very high. The transaction volume of the mainstream currency LTC has increased significantly to 9.29 million...
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Coronavirus outbreak could accelerate China’s digital currency issuance, says former central bank president (theblockcrypto.com) 02/20/2020 - 4:47pm
Efforts to combat the coronavirus could accelerate the Chinese central bank's plans to issue a digital currency, according to a former president of the People's Bank of China. In a February 16 interview with China Daily, Lihui Li argued that a digital currency's efficiency, cost-effectiveness, and convenience make it especially desirable during an...
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The U.S. Feels Threatened by Bitcoin and is Looking to Find How Bad it Could Be (7bitcoins.com) 02/20/2020 - 6:11am
With bitcoin growing popularity, decentralization, cryptocurrencies, blockchain, Chinas narrative to launch the digital Yuan and Facebook exploring to launch Libra —the U.S. is scared for losing the power they have with the dollar dominance. A year ago, U.S. President Donald Trump bashed bitcoin on Twitter as money created from “ thin air ”. Also...
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Coronavirus Forces China to Sanitize Billions in Paper Money, Bitcoin Avoids Such Precautions (beincrypto.com) 02/18/2020 - 3:20pm
China’s central bank, The People’s Bank of China (PBoC), plans to sanitize billions of yuan notes in areas that are worst affected by the coronavirus. The epidemic, which has hit China’s political, economic, and education systems very hard, has pushed the nation’s authorities to take extreme actions to curb the spread of the virus. As China...
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Bitcoin Struggles To Get Back To $10k While Fiat Currency Gets Sterilized In China – Coronavirus Cash Quarantine (cryptogazette.com) 02/18/2020 - 3:10am
After a week in which we've witnessed a strong rally for the price of Bitcoin and altcoins, a correction came to the crypto market. Most significant analysts said that there's nothing to worry about because this is just a natural correction following a longer period of surge in prices. The worldwide fear regarding the spread of the coronavirus has...
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Cryptocurrency Markets Are Safe From China’s Upcoming DCEP Project (cryptosyringe.com) 02/18/2020 - 2:06am
China has been on a strong push in order to become the first nation to implement a central bank digital currency (CBDC). The new array of patents clearly indicates that the People’s Bank is hard at work to deploy the currency within 2020, as is the rumored release timeline. Nemo Qin from eToro believes that CBDCs are fundamentally catering to a...
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Why Does Warren Buffett Always Pay In Cash? (nz.finance.yahoo.com) 02/18/2020 - 12:46am
Maybe bitcoin will finally be less volatile in a few years. Maybe we'll be accepting the Yuan as currency in a decade or so. Who knows? It doesn't matter, though. If you're a small merchant or ...
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China’s DCEP Unlikely to Impact Crypto Markets in the Long-term, eToro Analyst Says (e-cryptonews.com) 02/17/2020 - 12:15pm
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week. The 84 patents filed on Feb. 13 include proposals related to the supply and issuance of a central bank digital currencies (CBDC) as well as interbank settlements using the digital yuan and the integration...
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Insight: There Are Clouds On The Horizon - But Is It Going To Rain? (tribune242.com) 02/17/2020 - 8:31am
But not under this president, whose control of his party is awesomely complete. All this profligacy makes you wonder if the world’s trade is going to be denominated in Chinese yuan, cryptocurrency or ...
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Japan’s CBDC Will Be Released In The Coming Years Says Officials (cryptosyringe.com) 02/17/2020 - 1:50am
Japan is all set to release it’s Central Bank Digital Currency (CBDC) in the coming after all the extensive development. The new CBDC will have a strict competition with Chinese Yuan CBDC and Facebook’s Libra. Libra will be released with the updated version of Apps of Facebook and WhatsApp, and also a specially curated App functioning as a wallet...
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China files 84 patents on digital currency technology, US mulls best course (moneycontrol.com) 02/16/2020 - 9:37pm
The report, titled "Digital Yuan Patent Strategy," was compiled by the Digital Chamber of Commerce, an organisation which calls itself "the world’s leading trade association representing the digital ...
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Coronavirus Cash Quarantine Comes to China in Attempt to Sterilize Fiat Currency (dailyhodl.com) 02/16/2020 - 10:46am
Fan Yifei, deputy governor of the People’s Bank of China, revealed at a press conference on Saturday that China is now quarantining old bank notes in order to contain the spread of the coronavirus. Yifei says money in worst-hit areas will be sanitized with heat and ultraviolet rays, and quarantined for two weeks before being distributed again...
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Blockchain industry ‘least affected’ by virus, insiders say (globaltimes.cn) 02/16/2020 - 1:01am
Yuan Yuming, CEO of Chinese cryptocurrency exchange Huobi, told the Global Times that blockchain companies tend to hire globally and their employees work from remote offices. For example, "our ...
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Coinshares CSO Expresses Opinion on Rapidly Evolving CBDCs as Central Bank Tools (bitcoinnews.com) 02/15/2020 - 1:34pm
Coinshares CSO Meltem Demirors believes that CBDCs are evolving rapidly with an increase in the number of countries adopting the same. Just as China is almost ready to launch the digital Yuan, CSO of Coinshares, a financial service firm based in London, Meltem Demirors expressed her views on Central Bank Digital Currency (CBDC) and how the entire...
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Ripple [XRP] and JPM Coin Serve the Same Purpose: World Economic Forum Report (coingape.com) 02/15/2020 - 8:45am
Ripple (XRP) and JPM Coin, a floating and a stable coin, respectively serve nearly the same purpose according to the latest report by the World Economic Forum. XRP and JPM Coin were listed as examples of crypto-assets designed for inter-or intra-bank payments and settlements. "Ripple's XRP is designed for inter‑ or intrabank payments and...
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Bitcoin to Form Golden Cross but It Cannot Guarantee a Bull Run (cryptosyringe.com) 02/14/2020 - 10:15am
Bitcoin traders are enthusiastic about a textbook technical indicator whose formation could send the asset’s prices higher. Dubbed as Golden Cross, the candlestick pattern will occur when bitcoin’s short-term moving average closes above its long-term moving average. On the cryptocurrency’s daily charts, the 50-period MA is inches away from jumping...
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Xiaomi Launches Mi 10 and and Mi 10 Pro Flagship 5G Phones in China (coinspeaker.com) 02/14/2020 - 8:15am
Coinspeaker Xiaomi Launches Mi 10 and and Mi 10 Pro Flagship 5G Phones in China The fourth-biggest mobile phone producer Chinese Xiaomi launched its new 5G-capable Mi 10 and Mi 10 Pro flagship smartphones. This is a try to recuperate its sales that were declining in the home market for a while. However, the company is going pretty well in overseas...
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Digital Dollar Could Become a Reality as U.S. Fed Seems to Be Rather Bullish on It (coinspeaker.com) 02/14/2020 - 8:02am
Coinspeaker Digital Dollar Could Become a Reality as U.S. Fed Seems to Be Rather Bullish on It The U.S. policymakers have recently been pushing the country to adopt a digital currency that is backed by the dollar. Led by the treasury secretary, Steven Mnuchin and Arkansas Republic Senator, Tom Cotton, they have been very vocal at the U.S. senate-...
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Coronavirus And Credit - A Perfect Storm (seekingalpha.com) 02/14/2020 - 12:19am
Just like John Law in those final three months. The signal that it's all going wrong for the yuan is likely to be reflected in demand for bitcoin, which can be bought online through peer-to-peer ...
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FED Nominee Shelton Asked About a Digital dollar & Chinese Yuan - Feb 13th 2020 02/13/2020 - 1:08pm

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Chinese Central Bank Files for 84 CBDC-Related Patents   (insidebitcoins.com) 02/13/2020 - 11:06am
China is on the fast track towards developing a Central Bank Digital Currency (CBDC). Much progress has been made over the past month, with the government taking several steps to improve on its blockchain and cryptocurrency capabilities. Recent reports are now confirming that patents for the CBDC have been filed by the People’s Bank of China (PBOC...
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Could a Digital Dollar Compete on Privacy? Fed Chairman Powell Hints It Might (e-cryptonews.com) 02/12/2020 - 7:15pm
Federal Reserve Chairman Jerome Powell has given advocates of financial privacy a glimmer of hope – and hinted at how the U.S. might competitively position a future digitized dollar. In testimony before Congress this week, Powell was asked whether the Fed had any “visibility” into China’s progress developing a central bank digital currency (CBDC...
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The Emergence of a China-Backed Cryptocurrency in the Era of the Digital Yuan - The National Interest Online (nationalinterest.org) 02/12/2020 - 1:24pm
The Emergence of a China-Backed Cryptocurrency in the Era of the Digital Yuan The National Interest Online
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Tether adds compliance tool from Chainalysis to track suspicious transactions (theblockcrypto.com) 02/12/2020 - 10:15am
Stablecoins issuer Tether had added a compliance tool from blockchain analysis firm Chainalysis to track suspicious transactions in “real-time.” Chainalysis’ Know Your Transaction (KYT) software has been integrated with Tether to monitor transactions and “quickly understand the risk profile of each token holder,” according to an announcement...
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Federal Reserve Chairman: U.S. is “Working Hard” on Digital Currency (blockonomi.com) 02/12/2020 - 7:37am
A few years ago, a government or central bank launching its own digital currency was a foreign concept. But since Facebook and a swath of partners unveiled the Libra cryptocurrency project in June 2019, those in power have sprung into action, looking into ways it could combat the rise of corporate currencies meant for an international audience...
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The Emergence of a China-Backed Cryptocurrency in the Era of the Digital Yuan (nationalinterest.org) 02/12/2020 - 5:46am
These actions provide an excellent context to potential future PRC actions in the cryptocurrency market, particularly given the increasing potentiality of a PRC-backed cryptocurrency. The rise of ...
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Trending Bitcoin News and Market Sentiment February 12th, 2020: Fed Reserve Backs Privacy in Digital Assets, CBDC Development Can Only be Good for Bitcoin (bitcoinnews.com) 02/12/2020 - 4:46am
Bitcoin shrugged off Monday’s malaise with an impressive run back above USD 10,000 as altcoins rally even harder Federal Reserve Chairman Jerome Powell has raised the importance of privacy in digital assets, when discussing China’s upcoming digital yuan Grayscale CEO Barry Silbert says that CBDC development can only be good for Bitcoin Just as was...
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Bitcoin Hits 5-Month High Following Fed Chair Powell’s Privacy Praise (e-cryptonews.com) 02/11/2020 - 10:14pm
Bitcoin’s (BTC) price is trending solidly back above the 5-digit figure mark. At around 15:00 UTC on Feb. 11, the price of BTC rose back above $10,000 from around $9,850 to $10,351 within an hour after succumbing to a small sell-off beneath the $10,000 level on Feb 10, CoinDesk BPI data shows. The peak figure represents BTC’s highest point in over...
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Cryptocurrency boom as price of Bitcoin, Ethereum and other major coins surges (metro.co.uk) 02/11/2020 - 9:10pm
This revelation comes as China prepares to unleash its own digital yuan which could allow it to dominate the growing cryptocurrency sector. However, last year President Donald Trump made his distaste ...
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Japan Eyes Digital Yen to Modernize Financial Infrastructure As It Faces a Shrinking and Aging Population (dailyhodl.com) 02/11/2020 - 2:00pm
A senior Japanese lawmaker is urging the government to create its own digital yen. In the wake of China’s plans to launch a digital yuan and Facebook’s efforts to release Libra, a stablecoin that could reach a user base of over 2.5 billion, Kozo Yamamoto, head of the banking and finance systems research commission at Japan’s Liberal Democratic...
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Trump Could be About To Reveal the U.S. Position About Bitcoin and Blockchain to Keep up With China (7bitcoins.com) 02/11/2020 - 7:13am
The U.S. has said it will take the necessary steps to keep pace with Chinas’ competition on innovation—and with China ready to announce its digital yuan currency , the U.S. could profit by adopting a similar narrative about bitcoin and blockchain as Chinas President did some months ago . A week ago, it was accounted for by Reuters that President...
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Binance Adds Russian Ruble to Its P2P Exchange (financemagnates.com) 02/11/2020 - 2:00am
The P2P platform now supports three fiats - ruble, yuan, and dong.
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Tether’s USDT Goes Live on Algorand (cryptobriefing.com) 02/10/2020 - 5:29pm
Tether has launched a version of its dollar-pegged stablecoin (USDT) on Algorand, representing the first significant use of Aglorand’s Standard Asset (ASA) specification.The news was revealed in an announcement published by the stablecoin company on Feb. 10.Algorand itself is designed to act as a highly scalable blockchain, offering features such...
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Japan Intensifies Push for Digital Currency as Chinese Concerns Spike  (insidebitcoins.com) 02/10/2020 - 2:54pm
Japan has been raising a lot of red flags over China and the country’s planned release of a state-backed digital currency. In the face of China’s continued efforts towards launch, the former is working up the clock as well. The Asian powerhouse is facing increasing pressure from outside forces and is now reacting by pushing up the timeline on the...
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Bitcoin Push Through $10,000 Sees Altcoins Higher, ETH, LSK, FCT, Feb. 10 (bitrates.com) 02/10/2020 - 2:22pm
ETH/BTC Ethereum’s developers have set a date of July 30, 2020, for the upcoming ETH 2.0 system-wide upgrade. The date would be the fifth anniversary of Ethereum and the new upgrade promises higher transaction throughput and a new security model built on Proof-of-Stake (PoS). Also known as Serenity, Eth 2.0 has been planned since 2015 but has been...
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Japanese Lawmakers Pushing for CBDC to Counter Failing Fiat Currency System (coinspeaker.com) 02/10/2020 - 12:57pm
Coinspeaker Japanese Lawmakers Pushing for CBDC to Counter Failing Fiat Currency System Led by the head of the Banking and Finance Systems Research Commission at the JLD party Kozo Yakamoto, Japanese lawmakers are pushing for the country to digitize their systems by adopting CBDC. According to Yakamoto, the country should be in the line of...
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Trump Could Be About To Unveil A U.S. Answer To Bitcoin To Rival China’s Digital Yuan - Forbes (forbes.com) 02/10/2020 - 12:42pm
Trump Could Be About To Unveil A U.S. Answer To Bitcoin To Rival China’s Digital Yuan Forbes
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Japan should create its digital currency within 2-3 years, says a senior lawmaker (theblockcrypto.com) 02/10/2020 - 10:05am
A senior lawmaker from Japan’s ruling Liberal Democratic Party has said that the country should create its own digital yen within next 2-3 years. “The sooner the better. We’ll draft proposals to be included in government’s policy guidelines, and hopefully make it happen in two-to-three years,” Kozo Yamamoto told Reuters on Monday. The lawmaker’s...
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Why Trump Should Unveil A U.S. Answer To Bitcoin To Rival China’s Digital Yuan (forbes.com) 02/10/2020 - 7:48am
The U. S. has said it will do whatever it takes to keep up with China on technology—and with China poised to unveil its digital yuan project, the U. S. could benefit from a similar answer to bitcoin.
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Trending Bitcoin News and Market Sentiment February 10th, 2020: VanEck Recommends Bitcoin in Institutional Portfolio, Japanese Digital Yen to Counter China’s Digital Yuan (bitcoinnews.com) 02/10/2020 - 6:12am
Bitcoin let go of the USD 10,000 price zone in early Monday trading but the pullback was momentary as bulls look to regain momentum. Investment managers VanEck have published a report recommending institutional investors add Bitcoin to their portfolio Japan lawmaker urges a digital yen to counter China’s CBDC After yesterday’s remarkable run up to...
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Trump Could Be About To Unveil A U.S. Answer To Bitcoin To Rival China’s Digital Yuan (forbes.com) 02/10/2020 - 4:44am
The U. S. has said it will do whatever it takes to keep up with China on technology—and with China poised to unveil its digital yuan project, the U. S. could be on the verge of announcing a similar ...
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