Cryptocurrency Market

  • Market Cap: $2,542,404,487,902.25
  • 24h Vol: $109,803,198,442.54
  • BTC Dominance: 51.74%

China

china-and-kazakhstan-sign-cbdc-collaboration-agreement

China and Kazakhstan Sign CBDC Collaboration Agreement

The People’s Bank of China and the National Bank of Kazakhstan have signed an agreement to collaborate on central bank digital currencies (CBDCs). This collaboration agreement, formalized during President Xi Jinping’s visit to Kazakhstan, aims to enhance CBDC research through joint initiatives and professional development. China and Kazakhstan to Collaborate on Central Bank Digital Currencies […]

China and Kazakhstan Sign CBDC Collaboration Agreement Read More »

hong-kong-professor:-china’s-crypto-mining-ban-shifts-businesses-to-us

Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US

Professor Wang Yang, vice president for institutional advancement and chair professor at the Department of Mathematics at the Hong Kong University of Science and Technology (HKUST), criticized China’s cryptocurrency mining ban during a panel discussion in Hong Kong last week. He called the decision “very unwise” because it shifted businesses to the U.S., boosting American

Hong Kong Professor: China’s Crypto Mining Ban Shifts Businesses to US Read More »

tencent-tests-use-cases-for-trading-settlements-using-digital-yuan-and-mbridge

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge Read More »

chinese-gang-arrested-for-exploiting-digital-yuan

Chinese Gang Arrested for Exploiting Digital Yuan

In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities,

Chinese Gang Arrested for Exploiting Digital Yuan Read More »

30-countries-seek-to-join-brics,-russian-ambassador-to-china-says

30 Countries Seek to Join BRICS, Russian Ambassador to China Says

Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman

30 Countries Seek to Join BRICS, Russian Ambassador to China Says Read More »

china-halts-gold-buying-in-may,-ending-18-month-buying-spree

China Halts Gold Buying in May, Ending 18-Month Buying Spree

The People’s Bank of China (PBOC) paused its gold acquisitions in May, ending 18 months of continuous buying as spot gold prices hit record highs. Despite this interruption, the value of China’s gold reserves continued to rise. China Pauses Gold Buying in May China’s central bank, the People’s Bank of China (PBOC), paused its gold

China Halts Gold Buying in May, Ending 18-Month Buying Spree Read More »

digital-yuan-app-drops-‘pilot’-description,-hints-at-change-to-production-ready-status

Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status

The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its

Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status Read More »

brics-to-promote-national-currencies-before-issuing-common-one

BRICS to Promote National Currencies Before Issuing Common One

The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of

BRICS to Promote National Currencies Before Issuing Common One Read More »

argentina-to-settle-chinese-imports-in-yuan-to-safeguard-dwindling-dollar-reserves

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves

The economy minister of Argentina, Sergio Massa, announced that starting this month, payments for imports coming from China will be settled using the Chinese yuan. The agreement, which will allow the country to safeguard its dwindling dollar reserves, involves the disbursement of more than $1 billion in April. Argentina to Settle Bilateral Transactions With China

Argentina to Settle Chinese Imports in Yuan to Safeguard Dwindling Dollar Reserves Read More »

brics-currencies-to-have-no-alternative,-former-russian-president-medvedev-says

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says Read More »