Cryptocurrency Analysis and News Portal
What if China’s digital currency undermined U.S. dominance of global finance? Former top Washington officials gamed out the scenarios Tuesday night. Source
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While Binance Singapore launched in April this year users were underwhelmed to find they could only purchase Bitcoin at fixed prices. Recently, however, it was announced they are launching the option to buy XRP with local Singapore dollars allowing access to the revolutionary digital asset. We just opened trading for XRP/SGD trading
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Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY).In an announcement published on Oct. 9, the exchange revealed that the service will be initially available to Android users who already have Binance accounts registered for at least
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Cryptocurrency giant Binance plans to roll out its over-the-counter (OTC) trading platform for Chinese yuan in October.Chinese market targetsYi He, Binance co-founder and chief marketing officer (CMO) announced the news at a media session on Sept. 17, as Binance confirmed to CryptoX on Sept. 19.According to the CMO, Binance’s
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Facebook is in new rounds of talks focused on discussing potential backings for its digital currency Libra.It was recently reported that Facebook has informed U.S. senators that it might not consider the Chinese Yuan as a potential contender for a backing of the cryptocurrency Libra. Facebook has submitted details of
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The popular stablecoin issuer, Tether (USDT), has announced that it plans on launching a new stablecoin, CNH₮, backed by the offshore Chinese yuan. CNH₮ will run on top of the Ethereum blockchain as an ERC-20 token.In a blog post, Tether stated that CNH₮ represents a further expansion of the organization’s
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Social media giant Facebook, which is currently trying to get regulatory approval for its Libra stablecoin project, reportedly shared details regarding the project’s proposed backing reserves.According to a report by Bloomberg on Sept. 9, Facebook told United States senators about the backing reserves for the stablecoin — a type
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Stablecoin firm Tether announced the launch of a new stablecoin tied to the offshore Chinese yuan dubbed CNHT.According to an announcement on Sept. 9, Tether CNHT is pegged to the offshore yuan and available as an ERC-20 token on the Ethereum blockchain. The new currency joins Tether’s other stablecoins
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Bitcoin continued its ride to the upside as investors/speculators weighed in the prospects of dwindling government currencies.The benchmark cryptocurrency today established a session high of $10,500, bringing its five-day gains to as high as 12.44 percent on San Francisco-based Coinbase exchange. The move appeared after a depressive August, wherein bitcoin
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