Economy

As the idea of issuing the Central Bank Digital Currency (CBDC) is gaining traction worldwide, China makes practical steps to make their digital yuan release closer. Now, the country is going to expand its trials to test the CBDC potential on a larger scale.

Money is among the most important aspects of our day to day lives. The way we handle and perceive money is controlled by our religious and cultural beliefs.

Venezuela has been pressing different knobs to find the right answer to save its struggling crypto, the Petro.

At this year’s annual gathering, the Chinese legislative body proposed the establishment of a fund to support the development of blockchain technology led by the government.

On Thursday, May 21, the Albanian government officially passed a comprehensive law on the regulation of cryptocurrency-related businesses drafted by the Ministry of Finance and Economy.

Since the launch of cryptocurrency and its underlying technology, blockchain, many were puzzled as to how it would revolutionize various sectors of the economy. Now, businessmen have found a new use case for blockchain technology in the sale of used mobile phones.

The crypto and blockchain market is attracting more talent at an unprecedented rate during the coronavirus pandemic.

On April 13, Bitcoin was trading below the $7000 price level on all global cryptocurrency exchanges including Binance. On the same day, stocks such as KOSPI also fell, showing weakness.

Bitcoin will more likely experience major swings from April 11th through 19th since many countries including the US have strengthened restrictive measures to halt the COVID-19 pandemic. But despite the market facing pressure, just like any other markets, the general interest in BTC increases.