China Conducts Another Digital Yuan Distribution Worth $3 Million
The government of the Chinese city of Suzhou has published a blog post in which it has announced the release of 20 million yuan in digital currency. From 5 to 6 December, any…
Chinese Media Urges Citizens Not to Succumb to Bitcoin Hype
Chinese government-controlled news agencies Sina and Xinhua urged not to fall for the hype around Bitcoin, and that the authorities should focus on the research of blockchain technologies. Reporters from China's state-run news…
US Financial Stability Board Calls for Tight Crypto Regulation
The US Financial Stability Board has called on regulators and federal authorities to tighten controls over firms and payment systems that handle cryptocurrencies. The department is engaged in identifying the risks and threats that…
Bitcoin Rally to Continue in 2021 Amid Inflation and Weakened US Dollar
Bitcoin’s price has almost doubled in the past two months. One of the factors for this was the big publicly traded companies who have bought the cryptocurrency to counter an inflation-induced drop in…
The Bank of Canada is Preparing for a Digital Currency Issuance
The need for the Bank of Canada to introduce its own digital currency may appear earlier than anticipated, said Timothy Lane, who is the deputy governor of the financial regulator. He named the main…
By the End of 2021, Bitcoin Will Cost at Least $200,000, Willy Woo Says
Popular cryptocurrency expert Willy Woo believes that in a year the Bitcoin rate will reach $200,000. And this is the most conservative of his predictions. In a series of posts on Twitter, the…
The Bank of Russia has Decided to Issue a “Hybrid” Digital Ruble
The Bank of Russia – the country's central bank – will soon start issuing the digital ruble. It will become a supplement payment method, on a par with existing cash and non-cash money. This…
Libra Renames to “Diem” in Preparation for 2021 Launch
The Libra Association that was put together by Facebook in 2019 is rebranding in an effort to differentiate itself from the original vision of Facebook revealed last year. The group, which is composed of…
The Supply of Electricity to Local Crypto Miners in China Gets Limited
As reported by a member of the Chinese crypto industry, Colin Wu, the city of Baoshan in the southern Chinese province of Yunnan was prohibited from supplying electricity to the miners of Bitcoin.…
The US Dollar Fell to Its Lowest Mark in Two and a Half Years
As reported by Reuters, the US dollar has reached its lowest mark for two and half years. The dollar has shown the most significant monthly dip since July, having lost 2.5% of its…