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Yuan

Last posts about yuan.


Bitcoin 28/05/20 12:00 by Nick Chong
Crucial Fundamental Data Shows Bitcoin Will Break Out of $10,500 Resistance
It’s been a tough past few days for Bitcoin. In spite of the recent rally off the $8,600 lows that has brought BTC to $9,300, the market remains depressed. BTC is trading just under 10% shy of t...
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Bitcoin 28/05/20 03:00 by Nick Chong
4 Reasons Why the Bitcoin Price Is Prepared to Explode Towards $10,000
After holding under $9,000 for days on end, Bitcoin surged higher to hit $9,200 on Wednesday morning. It was a small move in percentage terms but still notable in terms of its technical significance. ...
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Altcoins 27/05/20 23:10 by Nick Chong
Ethereum is Ready For Heavy Volatility, And Analysts Predict a Big Rally
It’s been a quiet past few days for Ethereum and the rest of the crypto market. After last week’s correction, prices have settled. ETH is trading about 10% lower than its May highs, which ...
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Bitcoin 27/05/20 12:00 by Nick Chong
Three Crucial Reasons Why Bitcoin Is Ready to See a Sharp Rally After 15% Drop
Bitcoin has been subject to troubling price action over the past week. Since the May highs of $10,000 established in the wake of the halving, the cryptocurrency has been in a clear downtrend, with BTC...
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Other 26/05/20 18:19 by Tolu
‘There Is No Timetable For Launch of Digital Yuan’, Says Governor of China’s Central Bank
The governor of the People’s Bank of China (PBOC) Yi Gang, has put a damper in the general idea that China will launch its national digital currency soon. According to Gang, there is currently no p...
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Bitcoin 24/05/20 04:00 by Nick Chong
The Chinese Yuan is Falling Once Again — and That’s Key for the Bitcoin Bull Case
Last year, one of the biggest narratives in the Bitcoin market was that tensions between China and the U.S. — which culminated in a massive trade war — was pushing cryptocurrencies higher. Wheneve...
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Mining 22/05/20 20:00 by Priyeshu Garg
Bitcoin Mining Giant Canaan Reports 417% Increase in Gross Profit
Bitcoin mining hardware manufacturer Canaan has recorded a net loss of $5.6 million in Q1 2020, despite seeing a huge increase in profits. According to the company’s newly released financial report,...
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Crypto 19/05/20 13:47 by Samuel Wan
Binance is Planning to Enter Chinese Crypto Market: Industry Exec
Popular crypto exchange Binance is planning to enter the Chinese market with the launch of its new China website. This comes after Binance was forced to leave China following strict regulations that s...
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Other 23/04/20 16:55 by Brenda Ngari
Starbucks, Subway And McDonald’s Set To Test China’s Central Bank Digital Currency
Starbucks, Subway, and McDonald’s are among the 19 retail businesses that will be trialing China’s digital yuan in one of the country’s pilot program cities. Per reports, China has already star...
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Altcoins 24/03/20 18:27 by Steve Muchoki
How Bitcoin And XRP Could Thrive If The Dollar Is Tokenized
Bitcoin stands a big chance to survive even if the US federal government decides to tokenize the dollar. Sentiments shared by Anthony Pompliano, Co-Founder & Partner at Morgan Creek Digital, duri...
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Other 12/12/19 05:30 by Lubomir Tassev
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...
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Crypto 09/12/19 10:16 by Christine Vasileva
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...
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Other 01/12/19 15:30 by Lubomir Tassev
‘In Small Steps’ China Cuts Benchmark Interest Rates
Careful not to rush too much with stimulus, the Chinese government nevertheless realizes that its behemoth economy is invariably slowing down. New loan interest rate cuts have been announced recently ...
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Crypto 29/11/19 09:00 by Martin Young
Binance CEO Clarifies Situation on Crypto in China
In a recent interview, the enigmatic chief executive of crypto exchange Binance expressed his views on the current situation in China. There has been a lot of unwarranted FUD emerging in the mainstrea...
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Crypto 27/11/19 08:00 by Martin Young
Will China’s Crypto Yuan be Used for Retail Payments or Mass Surveillance?
China’s blockchain drive has been about one thing: getting its people used to a state-backed crypto asset. The People’s Republic is determined to get its crypto yuan out as soon as possible and ba...
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Other 16/11/19 11:00 by Lubomir Tassev
Global Trend Against Cash Intensifies as China Joins the Squeeze
For various reasons, a growing number of nations are experiencing the rapid development of cashless society. Paper money may become extinct in some countries in the not-so-distant future. Prompted by ...
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