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digital yuan vs usd

China’s Digital Yuan to Target the US Dollar Dominance 

The Central People’s Bank of China (PBoC) has confirmed that it is prepared to take center stage in a “new battlefield” of digital fiat-based competition. Between sovereign countries and claims that its own new token could help break “dollar dominance.” In its digital yuan project, which is already in advanced testing phases. The PBoC has […]

Bitcoin

Bitcoin Mining Difficulty Is Zooming All-Time High, but the Price of BTC Is Moving Faster

After the mining difficulty of the Bitcoin (BTC) has sprung sharply today, mining has become 20 percent more difficult than just before the third BTC halved in May. In the same period of time, however, the price of the most popular cryptocurrency rallied by 27 percent, saving the profit margins of miners. Mining difficulty, or […]

The crypto market sent the price of ethereum classic (ETC) higher in the early hours of Monday (UTC time), despite the news that one of the top 35 crypto networks by market capitalization suffered its third 51% attack in a month.

Ethereum Classic Up by 3% Today After Third 51% Attack In a Month

The crypto market sent ethereum classic (ETC) prices higher in Monday’s early hours (UTC time), amid reports that one of the top 35 market capitalization crypto networks experienced its third 51% attack in a month. ETC trades at USD 6.68 at pixel time (04:46 UTC) and rises by 3% per day, decreasing its weekly losses […]

Here’s How the US-China Tension Could Benefit Bitcoin

Tensions between the US and China have risen in recent weeks. The US economy has declined in response, although some observers say it has also helped drive the bitcoin (BTC) cost lower to just under USD 12,000. While the further deterioration of US-China relations could benefit Bitcoin, figures from the crypto-industry told Cryptonews.com that sanctions […]

Bitcoin

Bitcoin Up in a Year Again: Hits USD 11,000, Dominance Grows

It took one day for the most popular cryptocurrency, bitcoin (BTC), to climb from the long-awaited level of USD 10,000 to USD 11,000, boosting its market dominance and again showing positive returns in the past 12 months. However, even among the top 10 coins, BTC is still not the best performer. At pixel time (04:40 […]

Chinese Blockchain-Powered Cross-Border Trade Pilot Handles USD 4.4 Billion

Operators of a Chinese blockchain-powered cross-border trading pilot platform are expected to broaden the platform’s reach. With multi-million dollar trading deals now underway in a key test bed field. Per Haiwainet the central government is checking the network ‘s efficacy in the Greater Bay Area of Guangdong-Hong Kong-Macao. Also known as the Delta of the […]