Yuan

Op Ed: In the Battle Between Libra and a Digital Dollar, Bitcoin Will Win (bitcoinmagazine.com) 10/23/2019 - 1:57pm
As Mark Zuckerberg testifies in Congress today, October 23, 2019, about Libra, the prevailing question is no longer if digital assets will go mainstream, but how they will do so and who will control them when they do. In one corner is the U.S. government. Inspired by and fearing China’s progress in launching a digital yuan, the Federal Reserve is...
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Daily Trending News and Market Sentiment: 10% Crash, Libra Testimony Underway (bitcoinnews.com) 10/23/2019 - 11:40am
After showing the bears some resolute determinism this week, the bulls have been caught by surprise just an hour ago as Bitcoin price slipped by 5%, on the day losing 10% from around USD 8,252 to its current low of USD 7,435 at 2:50 pm London ( CoinDesk ). This is a new five-month low for Bitcoin. There does not seem to be any apparent reason,...
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Bitcoin Has Enormous Long-term Value: US Congressman (newsbtc.com) 10/23/2019 - 9:00am
Bitcoin has an enormous long-term value, believes US Congressman Patrick McHenry . The North Carolina representative said decentralized cryptocurrencies like bitcoin are “very real, very important projects” that are still in the early stage of innovation. He noted that bitcoin’s real use case remains outside the grasp of financial industry, saying...
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Binance Coin Could Be Ready for a Pump, Says Analyst (beincrypto.com) 10/23/2019 - 8:40am
One cryptocurrency trader has suggested that Binance Coin (BNB) may be looking at impending price increases. Binance Coin (BNB) is a utility token that has a deflationary design through buybacks and token-burning events. Its early success and innovative design led others to create similar tokens . However, it still has several doubters — namely,...
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Several Blockchain Providers Get Regulatory Approval in China (insidebitcoins.com) 10/22/2019 - 9:17pm
For a country that remains committed to keeping cryptocurrencies and a significant portion of related activities out, China seems to always be in the cryptocurrency news. On October 21, local news outlet 8BTC reported that the Cyberspace Administration of China, the Internet regulator, and oversight agency of the country, has approved a set of...
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Bitcoin Narrative Strengthens As “Fake” Gold Spreads (blockonomi.com) 10/22/2019 - 11:28am
Bitcoin has been called many things over the years. One of its latest titles is “gold killer.” Case in point, Grayscale Investments earlier this year unveiled an advertising campaign that urged investors to “drop gold, buy Bitcoin,” which centered around showing how the precious metal is rather inefficient and antiquated in today’s modern economy...
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Cryptocurrency Exchange Powerhouse Binance: Preps Fiat Trading Pairs (blockonomi.com) 10/22/2019 - 11:13am
Malta-based cryptocurrency exchange Binance is among the top brands in the digital assets ecosystem, in no small part because the company’s flagship binance.com platform has become the envy of competitor exchanges across the world. Notably, Binance has achieved that status even though its main venue has been limited to crypto-to-crypto trading...
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Bitcoin Holds Gains against Trade Deal Hopes, Brexit Uncertainty (newsbtc.com) 10/22/2019 - 9:00am
Bitcoin was maintaining its weekend gains on Tuesday as investors assess positive outcomes from the ongoing US-China trade talks but remained uncertain over the Brexit deal. The benchmark cryptocurrency established a session high of $8,296.50, up 1.05 percent from the market open. The upside move was minor in the context of bitcoin’s recent losses...
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15 Million USD-Tether Swapped from Ethereum to Tron – Here’s How they Stand Now (coingape.com) 10/22/2019 - 12:40am
A whale transaction of $15 million USDT minted at Tether triggered a hype momentarily. However, Paolo Ardoino , the CTO of Bitfinex and Tether, soon clarified that it was a chain swap from ERC-20 to Tron. Chain Swap, ERC20 to Tron https://t.co/Bgja5EqMjE https://t.co/LIfgMI1rp4 — Paolo Ardoino (@paoloardoino) October 21, 2019 Minting or burning...
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Bitcoin P2P Trading Volume in China Explodes Past All-Time High (beincrypto.com) 10/21/2019 - 10:22pm
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 ...
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Chinese And Thai Traders Stockpile Bitcoin As Asian Fears Of Recession Grow (cryptobriefing.com) 10/21/2019 - 2:49pm
Economic uncertainty in the world’s second-largest economy may explain a sudden surge in the amount of Bitcoin (BTC) purchased with Chinese Yuan (CNY) as local traders place value into something believed to be uncorrelated to the world economy, and therefore potentially recession-proof. Data collected by cryptocurrency investment firm ID Theory...
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Gate.io will Adjust CNYX Peg – gate.io (cryptonewmedia.press) 10/21/2019 - 6:43am
Crypto New Media Press CNYX is a USDT backed Stablecoin, supported by Gate.io’s Deposit Fund (20,000 ETH total) Recently, Tether launched a new stablecoin named CNHT, which is pegged to the CNH (Offshore Chinese Yuan) and is supported by Bitfinex with multiple trading pairs. To facilitate more efficient conversions and to introduce an additional...
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Central bank digital currency: a world without cash (.nhk.or.jp/nhkworld/en/news/backstories/653/) 10/21/2019 - 6:33am
Media reports quote a bank official saying they are close to launching a digital yuan. The project seems to have gotten fresh impetus after Facebook announced its cryptocurrency plan in mid-June. IMF ...
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Facebook’s Crypto Project Head Proposes a New Stablecoins Design for Libra (coingape.com) 10/20/2019 - 10:24pm
At a banking seminar, David Marcus, yesterday proposed a plan to issue a series of stablecoins instead of a combined one. Marcus is optimistic of a launch by June 2020. Facebook’s announcement of Libra has unsettled financial regulators all over the world. The userbase of Facebook poses a threat to the power of central banks in the world. Moreover...
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Regulatory ‘Gray Area’ in China (cryptonewmedia.press) 10/19/2019 - 9:40am
Crypto New Media Press Earlier in October 2019, Binance announced a fiat on-ramp for crypto trading via Chinese payment services Alipay and WeChat. This move was part of the exchange giant’s peer-to-peer (P2P) trading rollout for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan. The public nature of this announcement did bring...
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Canaan Expects $1 Billion-Plus from AvalonMiner Sales in 2020 (bitcoinmagazine.com) 10/18/2019 - 11:59am
This article was originally published by 8btc and written by Lylian Teng . Canaan Creative, the world’s second-largest bitcoin mining machine manufacturer, said it expects to sell 1 million bitcoin miners in 2020 as buying interest increases. Chen Feng, sales director of the Hangzhou, China-based company, said in a live streaming interview with...
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Tether Plans Algorithmic Stablecoin: Codename USDTX (cryptobriefing.com) 10/18/2019 - 9:21am
Stablecoin provider Tether aims to create an algorithmic alternative to its popular USDT token – possibly allowing traders to use cryptocurrency as collateral – as a means to provide another route to issue and trade USD-pegged assets. Paolo Ardoino, CTO of Tether and affiliated exchange Bitfinex, told Crypto Briefing the company was currently busy...
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Bitcoin, Gold Dives in Tandem as China Posts Poor Economic Data (newsbtc.com) 10/18/2019 - 9:00am
Perceived safe-haven assets Bitcoin and Gold were trending downwards on Friday as investors processed the emotional aftermath of China’s weak economic data. Bitcoin extends bearish bias after breaking crucial support of $8,000 | Image credits: TradingView.com The BTC/USD instrument slipped by 1.96 percent, or $158.23, on San Francisco-based...
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Daily Trending News and Market Sentiment: 18th Million Bitcoin, Alipay and Binance Clash, (bitcoinnews.com) 10/17/2019 - 12:08pm
Bitcoin price continues to face rather high selling pressure on Thursday but, remarkably, the bears have been staved off in European trading markets, with a low registering only at USD 7,918, before now recovering to just above USD 8,000 ( CoinDesk ). A lot of long traders would surely have been breathing sighs of relief when that happened, but...
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CTFC “Crypto Dad” Calls for USD to Transition to Blockchain (blockonomi.com) 10/17/2019 - 9:20am
“Crypto Dad” J. Christopher Giancarlo, the former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), just called for the powers-that-be in America to transition the U.S. dollar onto blockchain technology. In a new op-ed penned this week, Giancarlo and his former colleage Daniel Gorfine, previously a director with the LabCFTC...
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Technical foul: Chinese traders in online sneaker market punish NBA after HK controversy (stabroeknews.com) 10/16/2019 - 7:06pm
In China, the trading of tokens and cryptocurrencies such as Bitcoin is banned, but Chinese investors are active on overseas exchanges. On 55.com, traders can exchange yuan for cryptocurrencies such ...
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Bitcoin Underperforms as Investors’ Focus Remains on Brexit (newsbtc.com) 10/16/2019 - 9:00am
Bitcoin was trading in negative territory on Wednesday as a broader market focus remained glued on Brexit and other critical macroeconomic events. Bitcoin price slips as speculators/investors shift focus elsewhere | Image credits: TradingView.com The benchmark cryptocurrency slipped 0.12 percent to trade at $8,152.92, continuing its choppy actions...
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Technical Foul: Chinese Traders in Online Sneaker Market Punish NBA After Hong Kong Controversy (nytimes.com) 10/15/2019 - 9:57pm
In China, the trading of tokens and cryptocurrencies such as Bitcoin is banned, but Chinese investors are active on overseas exchanges. On 55.com, traders can exchange yuan for cryptocurrencies such ...
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Chinese traders in online sneaker market punish NBA after Hong Kong controversy (english.manoramaonl) 10/15/2019 - 9:24pm
In China, the trading of tokens and cryptocurrencies such as Bitcoin is banned, but Chinese investors are active on overseas exchanges. On 55.com, traders can exchange yuan for cryptocurrencies such ...
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Technical foul: Chinese traders in online sneaker market punish NBA after HK controversy (reuters.com) 10/15/2019 - 8:34pm
In China, the trading of tokens and cryptocurrencies such as Bitcoin is banned, but Chinese investors are active on overseas exchanges. On 55.com, traders can exchange yuan for cryptocurrencies such ...
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Chinese Crypto Trading Ban Affects Tether`s Trading Volumes (cryptonewmedia.press) 10/15/2019 - 9:45am
Crypto New Media Press Chinese Yuan Prohibited For Crypto Trading On Exchanges; 99% Of All BTC Spot Trades Used By Tether Despite the recent regulatory framework updates in China, crypto investors are stepping in the Chinese market stronger than ever. Almost all of the Bitcoins, bought in China, were obtained via the Tether stablecoin — a project...
China, Crypto, cryptonewmedia.press, cryptonewmedia.press, Market, Spot, Stablecoin, StableCoin, Tether, Tether, Yuan
Now the G7 Dunks on Facebook Coin Libra, China’s Trading Ban Feeds Tether, NextHash Goes SLP (coinspice.io) 10/15/2019 - 9:33am
TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. G7 releases global stablecoin warning report aimed at Facebook Coin Libra. Tether trading booming in China. NextHash group to use SLP to issue security coin. Ethereum co-founder says they “underestimated” the community. Booking Holdings also leaves Libra, and almost 50%...
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Tether Becomes China’s Favorite Cryptocurrency as Spot Trading Rises (insidebitcoins.com) 10/15/2019 - 7:40am
The Chinese authorities have been critical of digital currencies and cracked down on several crypto companies and mining operations in the past three years. However, spot trading is alive and well in China, and controversial stablecoin Tether is playing a crucial role in this industry. China is still an important crypto market Even though Chinese...
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Tether Grows in Leaps and Bounds, As Chinese Ban Continues (insidebitcoins.com) 10/15/2019 - 4:56am
The crypto-currency weather in china is getting heated by the day. That is why many investors are keeping a close watch on the industry over there. And with China’s trading ban, there could be a rise of a controversial crypto coin, according to Bloomberg. Tether dominating the Chinese Market In the past few months, there has been a high trade of...
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Ethereum Price Prediction: Top ETH Value Forecasts List (masterthecrypto.com) 10/14/2019 - 2:15pm
What’s in Store for Ethereum in the Future? Let’s Have the Experts Weigh In… Ethereum has been the number two cryptocurrency in the world (by overall market capitalization) for many years now. However, unlike Bitcoin , the digital asset can be used for purposes other than payments and value storage. For starters, the ETH ecosystem can be thought...
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Bitcoin Eyes Gains as Pound Drops on Brexit Uncertainty (newsbtc.com) 10/14/2019 - 9:00am
Bitcoin was inching higher on Monday in the UK markets as Pound gave up some part of its last week’s sharp gains. Bitcoin shows upside sentiment as the Pound drops to 1-month low | Image credits: TradingView.com The cryptocurrency surged by 0.76 percent against the sterling as of 1005 UTC to trade at £6,627.90. The minor surge came after the pound...
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Bitcoin Insights: Cryptocurrency is Benefitting When EM FX Suffers (insidebitcoins.com) 10/14/2019 - 6:48am
A correlation is developing between Emerging Market currencies and the value of bitcoin, according to Christopher Vecchio , Senior Currency Strategist at DailyFX. Data reveals that over the past six months the cryptocurrency market has benefited when emerging market FX such as the South African Rand (via USDZAR) and the Indian Rupee (via USDINR)...
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Chinese Central Bank Ramps Up Digital Currency Hires (blockonomi.com) 10/14/2019 - 6:26am
The central bank of Asia’s biggest superpower is looking to hire a half dozen experts, including veterans of cryptography and blockchain development, for its ongoing digital currency efforts. The 2020-focused hiring push comes as part of annual recruitment drive held by the People’s Bank of China, or PBoC, which the institution uses to fill open...
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Binance’s Peer-to-Peer Trading in China is Great for Everyone (cryptonewmedia.press) 10/12/2019 - 4:11am
Crypto New Media Press Cryptocurrency exchange platform Binance launched its P2P trading facility for trading cryptocurrencies against the Chinese Yuan. This way, the company is opening a kind of a “safe space” for Chinese traders who want to trade cryptos. Two days ago, the biggest cryptocurrency exchange in the world in terms of trading volume,...
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Binance’s Peer-to-Peer Trading in China is Great for Everyone (coinspeaker.com) 10/12/2019 - 4:10am
Coinspeaker Binance’s Peer-to-Peer Trading in China is Great for Everyone Two days ago, the biggest cryptocurrency exchange in the world in terms of trading volume, Binance announced it’s launching its new P2P trading facility for trading cryptocurrencies against the Chinese Yuan. Currently, this facility is only available for Android users...
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Major Chinese Bank Updates Blockchain Platform After $50 B Transacted (cryptonewmedia.press) 10/11/2019 - 11:18pm
Crypto New Media Press The China Construction Bank (CCB) officially released the second version of its blockchain trading platform, which reached 360 billion yuan ($50 billion) in cumulative transaction volume. CCB will actively promote blockchain platform On Oct. 9, Xinhua news agency reported that CCB, one of the big four banks in the People’s...
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Crypto Friday Headlines – KoinPost (cryptonewmedia.press) 10/11/2019 - 2:26pm
Crypto New Media Press People’s Bank of China Recruiting Virtual Currency Experts for Digital Yuan Project Central bank of China is recruiting six cryptocurrency and digital asset experts for its forthcoming central bank-backed virtual currency, as per a recruitment notice. The Chinese bank intends to recruit applicants with proficiency in...
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Binance Unveils XRP/BNB Trading Pair Now Available on Binance DEX (coinspeaker.com) 10/11/2019 - 2:12pm
Coinspeaker Binance Unveils XRP/BNB Trading Pair Now Available on Binance DEX The chief among other cryptocurrency exchanges by volume, Binance , released a statement on Thursday to notify all and sundry that a new trading pair has been included in its decentralized exchange (DEX), and this will be the second cryptocurrency to be accorded such...
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Alipay and WeChat Bow to Beijing Refusing to Play With Crypto (bitcoinist.com) 10/11/2019 - 7:00am
The announcement that the world’s top crypto exchange had opened two new fiat on-ramps for China was bullish for overall adoption prospects. However, as expected the pressure of Beijing has been too much for the platforms which have already stated they will not tolerate crypto payments. China Still Hates Crypto One hand gives and the other takes,...
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Crypto Executives Make A Big Entry Into China’s Billionaire Rich List (thecoinrise.com) 10/11/2019 - 6:27am
China has no shortage of billionaires and the list is long according to Forbes. A new rich list has emerged and the number of crypto and blockchain executives making it is growing. Market prices aside, it is clear that many are still making billions out of the fledgling industry. Bitmain and Binance Top Crypto Rich List According to Forbes ,...
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Bitcoin Payments in Alipay Banned as the Payments Giant Takes an Anti-Crypto Stance (coinspeaker.com) 10/11/2019 - 6:09am
Coinspeaker Bitcoin Payments in Alipay Banned as the Payments Giant Takes an Anti-Crypto Stance Alipay has indicated that it will ban Bitcoin transactions and all others related to cryptocurrency payments. In what seems like an extension on the cryptocurrency war that the Chinese government is waging, the electronic payments giant said in a tweet...
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Binance Adds New XRP-pegged Asset to Binance Chain (ethereumworldnews.com) 10/11/2019 - 3:42am
Binance, the world’s largest cryptocurrency exchange by adjusted trading volume, announced on October 10 the issuance of the second digital asset ever on Binance Chain, the exchange’s non-custodial trading platform. Today @Binance 1. @Binance_DEX Lists XRP-BF2 ( $XRP )2. Zero Maker Fee promotion for $BUSD 3. @BinanceJEX ( $JEX ) Tokens Distributed...
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Alipay Denies Supporting Binance Fiat-to-Crypto Transactions, WeChat Blocks Them (beincrypto.com) 10/10/2019 - 2:18pm
Chinese mobile payment giant Alipay has said that it doesn’t support the purchase of cryptocurrencies on its payment platform. Alipay’s statement comes after the Chief Executive Officer of Binance, Changpeng “CZ” Zhao, said that it now supports cryptocurrency purchases via Alipay and WeChat Pay, which BeInCrypto reported on yesterday . WeChat took...
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Binance Adds P2P Platform for Chinese Investors, Supports Alipay and WeChat (bitcoinmagazine.com) 10/10/2019 - 2:13pm
Leading cryptocurrency exchange Binance has added support for Chinese users of WeChat and Alipay, circumventing a Chinese ban on cryptocurrency exchanges by launching a P2P service that is accessible by Chinese citizens. Binance’s P2P trading capability was announced October 9, 2019, giving Chinese investors the ability to trade bitcoin, ether and...
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Report: Canaan Will Be Listed Publicly in the US in November (bitcoinmagazine.com) 10/10/2019 - 2:11pm
This article was originally published by 8btc and written by Lylian Teng . Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, will be listed as a publicly traded company in the U.S. in November 2019, according to a source with knowledge of the matter. According to the source, the Avalon miner producer, which has a...
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