Media: China accelerates digital currency project due to COVID-19 and US rivalry

News	2020-5-31 16:40

Chinese authorities plan to launch the state digital currency ahead of schedule to stimulate the economy amid toughening confrontation with the United States due to the spread of the coronavirus COVID-19 in the world. origin »

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covid-19 currency due digital toughening confrontation amid

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Источник: coinfox.info

covid-19 currency → Результатов: 14

XRP: A Preferred Base Currency for Arbitrage Trading

Digital assets are often referred to as safe haven assets—assets that market participants turn to during turmoil in financial markets. Today, this label is being tested as COVID-19 impacts global financial markets.

2020-5-29 20:59	XRP
assets markets financial turmoil today tested covid-19

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China: CBDC Issuance Could Be Fast-Tracked for COVID-19 Stimulus Payments

China’s planned digital currency electronic payment (DCEP) project may be accelerated to have the central bank digital currency (CBDC) available for COVID-19 stimulus package payments. The news is the latest in a string of government-led actions aimed at advancing the adoption of blockchain technology in the country.

2020-5-27 23:00
digital payments china stimulus currency covid-19 cbdc

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OKEx Executive: Digital Currency as a Basis of Post-Crisis World Order

The world will not be the same after the COVID-19 pandemic with the necessity for the brand new global monetary system based on crypto.

2020-5-7 16:53
world brand necessity pandemic new crypto based

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Gold’s Demand as a Safe Haven Rises in the West But Falls in the East Due to COVID-19: WGC

Trading near a seven-year high, gold is heading for its biggest monthly gain since 2016 as central banks ramp up the stimulus to keep up the economy after being damaged by the coronavirus pandemic. Gold rallied in 2020 as investors sought safe haven amidst the unprecedented monetary stimulus sparked concern about currency debasement. The bullion […]

2020-5-1 20:10	Gold Store of Value
gold safe stimulus haven rallied coronavirus pandemic

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Two Weeks and Counting: Experts Warn Bitcoin Halving May Be a Nonevent

The ongoing COVID-19 pandemic has introduced an air of uncertainty around Bitcoin’s value, despite the currency’s upcoming halving event

2020-4-28 20:26	bitcoin halving
bitcoin halving event air introduced uncertainty around

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Agricultural Bank of China Rolls Out Test App for the Prospective Digital Currency, DC/EP

China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.

2020-4-15 17:18	CBDC
china currency bank agricultural digital prospective central

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Market Outlook: Bitcoin’s Inverse Head and Shoulders, Covid-19 Fears Decline, CME Futures Gaps

Digital currency markets have had a few lackluster days, as the entire crypto market valuation has dropped below the $200 billion mark on Monday. The following day on April 14, a number of cryptocurrencies have seen some slight gains between 2-9%.

2020-4-16 18:10	XRP
market mark billion monday below dropped following

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Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy

With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.

2020-4-8 03:15
hyperbitcoinization economy times number bitcoiners think reset

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Bitfury Joins Other Crypto Miners In Helping COVID-19 Research Through Folding@Home

Bitfury, a blockchain development startup has announced that it will now use the computing power it normally utilizes in processing its virtual currency processing to conduct research on Covid-19. The firm stated that it started allocating some of its powerful GPU-enabled computing nodes to help in running Covid-19 computation since March 20. Thank you to […]

2020-4-1 22:05	Mining
covid-19 bitfury computing research processing conduct started

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Federal Reserve’s Endless Asset Buying Could Rekindle Interest in Cryptocurrency Market

The US Federal Reserve announced an endless asset purchase program to combat the economic slowdown arising due to the COVID-19 pandemic. However, this has sparked fears that the Fed could infuse new currency in the market, which would lead to a further drop in the dollar’s purchasing power.

2020-3-31 18:10
market federal could reserve endless asset new

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Will COVID-19 speed the transition to digital currency?

COVID-19 has highlighted a distinct disadvantage of physical cash, which may speed the transition to digital currency.

2020-3-23 14:01	BNC insights
digital currency transition speed covid-19 physical cash

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Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors

While the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term holders.

2020-3-21 00:10
sell-off report currency published recent researchers march

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NYDFS Urges Crypto Market Participants to Plan Ahead Against Coronavirus

The New York State Department of Financial Services (NYDFS) has issued fresh guidance to cryptocurrency exchanges and other virtual currency market participants, concerning the latest coronavirus COVID-19 pandemic.

2020-3-14 00:00
nydfs participants coronavirus market exchanges pandemic cryptocurrency

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Tether Open-Sources Bitcoin Mining OS, Targeting Home Rigs to Global Industrial Farms

Key Takeaways: Tether unveiled Mining OS (MOS), a complete Bitcoin mining platform designed according to open-source model The system can implement from small-sized mining rigs at home to big multi-site The post Tether Open-Sources Bitcoin Mining OS, Targeting Home Rigs to Global Industrial Farms appeared first on CryptoNinjas.

White House Talks Stablecoin Yield as Crypto, Banks Push US Market Structure Bill

Key Takeaways: Crypto industry and banking leaders met at White House to discuss about regulation on stablecoin yield. Talks aim to unlease bottlenecks, foster the progress of the Digital Asset The post White House Talks Stablecoin Yield as Crypto, Banks Push US Market Structure Bill appeared first on CryptoNinjas.

Ripple Secures $280M Diamond Tokenization as UAE Pushes Real-World Assets Onto XRPL

Key Takeaways: Billiton Diamond and Ctrl Alt have tokenized more than 280 million polished diamonds in the UAE. The program utilizes the use of the XRP Ledger, and Ripple offers The post Ripple Secures $280M Diamond Tokenization as UAE Pushes Real-World Assets Onto XRPL appeared first on CryptoNinjas.

Ethereum builders shrug off ETH decline as network activity holds steady

By several measures, activity on the network remains near peak levels, which has industry leaders plussed about the plunge in ether's price.

Flare unveils new way for XRP holders to earn yield through a massive DeFi upgrade

Users can now lend FXRP to earn yield or use it as collateral to borrow other assets, giving XRP holders new ways to put their tokens to work onchain.

Galaxy Digital shares plunge over 6% in pre-market over $482 million Q4 loss

Galaxy generated $426 million in adjusted gross profit for the full year and ended it with $2.6 billion in cash and stablecoins, despite the significant quarterly loss.

Strategy slides toward eighth straight monthly decline

Last year marked the second-worst annual performance since Strategy adopted its bitcoin treasury strategy.

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2020-5-31 16:40

covid-19 currency → Результатов: 14

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