Month: September 2022

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level – Finance Bitcoin News

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China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces of China Chinese authorities are going to expand the digital yuan’s area of application in four of the first pilot cities in the project to the rest of their respective provinces. These are Shenzhen in…

Coinbase to hand out ENS usernames to simplify wallet transactions

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As simplified wallet addresses become more popular within the blockchain space, crypto exchange Coinbase integrated with Ethereum Name Service (ENS) to give their customers usernames to replace their traditional Coinbase crypto wallet addresses.  In a post, the exchange announced that it will be handing out free “name.cb.id” usernames. Through Coinbase Wallet’s browser extension, people can claim their new address and use it for their transactions. With this, users can send and receive crypto tokens using the simplified name instead of the usual 42-word alphanumerical address. The exchange also said in…

Daily Bitcoin Exchange Outflows Hit $518 Million

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According to the data published by Glassnode, an on-chain analytics platform, daily Bitcoin exchange outflows reached the level of $518.6 million on 20 September. With inflows of $489.2 million, net flows came in at -$29.4 million. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. Bitcoin was not the only crypto asset that suffered large exchange outflows yesterday. Glassnode’s data shows that the total ETH outflows touched $412 million yesterday, compared to inflows…

The Rise of Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join our experts in the cryptocurrency and dispute resolution industry as they discuss the rise of crypto, why regulators have taken an active interest in this area and what it means for arbitration. Language: English Time: 16:30 – 17:30 (Hong Kong time) / 10:30 – 11:30 (Paris time) ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Blockchain tech driving institutional-grade solutions: Blockchain Expo Europe

Blockchain is no longer a buzzword being thrown around by mainstream institutions as meaningful and fully-working pilots and programs come to the fore at Blockchain Expo Europe 2022 in Amsterdam. Before the Covid-19 pandemic, a number of mainstream companies from various industries started to explore ways blockchain technology could be used to improve processes and products. After two years of social distancing and working from home, the time to harvest the fruits of sewn seeds has arrived, as evidenced by some intriguing updates from major corporations utilizing blockchain technology. The world…

Report Shows Ethereum Might Take Another Hit, Is It Possible?

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Though volatility is a core attribute of cryptocurrency, the swing is quite excessive for Ethereum. The price movement for Ether was progressive from the beginning of the second of the year. ETH gradually surged over the $1,800 level before the Merge. To some reasonable extent, the positive sentiment surrounding Ethereum’s transition from PoW to PoS contributed to the surge. As a result, several participants in the crypto industry tilted towards the second largest crypto asset by market cap. The token recorded a huge increase in its trading volume and other…

Mummy.io Announces Partnership With Polkastarter As Demo Release Approaches, Here’s What We Know

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The non-fungible token (NFT) space has been used to innovate across multiple sectors, but the gaming and entertainment industry has seen the biggest benefits. These digital assets have allowed companies to create new universes and models for fans to connect with their favorite artists, or for players to earn real-world rewards while playing their favorite games. However, as more people jump into Web3 and NFT gaming, more projects try to copy-paste others and the sector loses innovation, creativity, and the features that attracted users in the first place. Mummy.io is…

Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years – Economics Bitcoin News

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The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every dollar on September 15. Similar to other global currencies that have depreciated in 2022, the yuan’s decline is being driven by the strengthening of the U.S. dollar. The Yuan’s Depreciation The offshore exchange rate of the Chinese currency versus the U.S. dollar breached the seven RMB per every dollar mark after it traded…

Analysts who called $20k Bitcoin say this is the new low, $2,400 gold to hit by 2023

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Patrick Karim and Kevin Wadsworth, technical analysts of Northstar & Badcharts discuss the next price targets for Bitcoin and gold with David Lin, Anchor for Kitco News. 0:00 – Bitcoin price performance 3:00 – Bitcoin price projection 11:15 – Equities 18:22 – Gold #gold #Bitcoin #stocks __________________________________________________________________ Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions. Subscribe…