Yuan

US Congressman Proposes National Blockchain Strategy to Outcompete China
May 24, 2020 at 09:23
News
US Congressman Proposes National Blockchain Strategy to Outcompete China
A bill for Blockchain National Strategy was proposed in the United States Congress that would come up with a national blockchain and distributed ledger technology (DLT) strategy.
Chinese Digital Currency May Not Be Fully Launched for The Public Anytime Soon
Apr 22, 2020 at 07:47
News
Chinese Digital Currency May Not Be Fully Launched for The Public Anytime Soon
Digital Currency Electronic Payment (DCEP) issued by People’s Bank of China (PBoC) will not be mass-produced and will not be issued in large quantities in the short term, China Central Television reports.
People's Bank of China Says the Creation of Digital Yuan is Advancing as Planned
Apr 12, 2020 at 10:31
News
People's Bank of China Says the Creation of Digital Yuan is Advancing as Planned
People's Bank of China (PBoC) announced on April 11th that China's central bank digital currency (CBDC) is pursuing its original plan.
Japan to Issue CBDC Proposal to Counter China’s Government-Owned Cryptocurrency
Feb 07, 2020 at 14:59
News
Japan to Issue CBDC Proposal to Counter China’s Government-Owned Cryptocurrency
After hearing that China is trying to develop its own state-backed cryptocurrency, Japan has joined arms with other countries to come up with their own government-owned digital asset so it can dominate China’s digital yuan and all other state-owned tokens that will be launched afterwards.
US-China Trade War Leads Bitcoin Price to Trade Over $12,000
Aug 06, 2019 at 12:28
News
US-China Trade War Leads Bitcoin Price to Trade Over $12,000
The world’s top cryptocurrency by market capitalization, Bitcoin (BTC), has once more managed to hit and exceed the $12,000 price level after around 3 to 4 weeks trading below that mark. The surge comes after a huge devaluation of China’s fiat currency yuan which touched the bottom level against the United States dollar (USD) since exactly nine years ago. The event is one part of the US-China trade war.
China's Oldest Technology Publication Currently Allows Crypto (Bitcoin) for Subscriptions
Oct 03, 2018 at 08:37
News
China's Oldest Technology Publication Currently Allows Crypto (Bitcoin) for Subscriptions
Beijing Sci-Tech Report (BSTR), China's longest-running technology publication which usually comes out as "Technology Life," is purportedly enabling and activating Bitcoin (BTC) payments for next year’s edition of the publication.
$87 Million Hack is Under Investigation by Police
Aug 24, 2018 at 09:18
News
$87 Million Hack is Under Investigation by Police
Criminals have recently been very cautious in conducting their illegal activity, as the number of cases solved by police has increased. For example, officials have caught three suspects of a large cryptocurrency theft in China. They stole almost 600 million Yuan ($87 mln) in virtual coins.
China Undergoes Massive Forex Reserves Loss, Pushes Bitcoin Higher
Feb 15, 2017 at 12:13
News
China Undergoes Massive Forex Reserves Loss, Pushes Bitcoin Higher
China is losing a good portion of its forex Reserves in, what is considered to be by many people, an attempt to raise the value of the Chinese Yuan. China, which got hit by hard monetary issues through most of 2016, still continues to struggle to completely offset its economic woes.
Bitcoin Price Rises As Chinese Yuan Hits Six-Year Low
Oct 13, 2016 at 10:55
Price
Bitcoin Price Rises As Chinese Yuan Hits Six-Year Low
The Chinese Yuan has fallen to its lowest level in six years, forcing investors within the economy to move their money overseas. Bitcoin appears to have been a convenient method of transfer of value as speculators have also taken advantage of the prevailing demand for the cryptocurrency. This, according to experts, has given rise to the current surge in the price of Bitcoin.
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