Digital Yuan
China’s Central Bank Suspends Bond Purchases to Support Yuan; BTC Remains Below $95K.
China’s central bank intervened on Friday to help the yuan, which has been weakening, as its devaluation is thought to be a possible boon for bitcoin (BTC). This month, the…
Dollar Steadies as Fed Advocates Patience; Markets Anticipate Meeting Minutes.
The market assessed the appeals for patience made by Federal Reserve officials and awaited the release of Fed minutes in order to gain further insight into the central bank’s approach,…
Chinese Bank Agriculture Bank Of China Rolls Out Digital Yuan Supply Chain Financing Solution.
More Chinese banks plan to use the CBDC to finance supply chains by implementing smart contracts driven by the digital yuan in their business operations. The Agricultural Bank of China…
Nearly 490,000 Vendors in China’s Changsha Accept Digital Yuan Payments.
The city government of Changsha in China reports that nearly 490,000 merchants now embrace digital yuan payments as the country’s central bank digital currency (CBDC) pilot programme advances. This year,…
According to the PBoC, the amount of digital yuan used at the Olympics is as follows.
Besides winter sports, there will be something else also to follow at the winter Olympics in China this year. The PBoC reports that it expects that the participants, officials and…
Market at a glance
BTC$83,781 +0.9%
ETH$2,538 +1.2%
SOL$112.13 +2.1%- Fear & Greed61 Greed
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