Day: January 11, 2023

China’s central bank includes digital yuan in report on currency circulation

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The People’s Bank of China, or PBoC, has begun including the country’s central bank digital currency, the e-CNY, in reports measuring the amount of currency in circulation. According to a 2022 financial statistics report released on Jan. 10, the PBoC said there was 13.61 billion digital yuan — roughly $2 billion at the time of publication — in circulation as of Dec. 31. The currency in circulation grew at a rate of 15.3% in December 2022, with the broad money supply reported to be 266.43 trillion yuan. The PBoC reported…

Miner US Is Shaping the Cryptocurrency Market with Tech Developments

Place/Date: – January 11th, 2023 at 8:31 pm UTC · 4 min read Source: Miner Us In the midst of the global pandemic of Newcastle pneumonia, various conflicts and problems that have accumulated in the global economy and finance over the last decade are becoming increasingly visible, with real industries, residents’ confidence, social governance, and other areas suffering from all-round shocks, violent shocks in international financial markets, and various black swan events. The global economy is likely to remain in recession in the future, and in the worst-case scenario, it…

Avalanche Partners With Amazon, What’s Next For The Price?

Avalanche and its dApp ecosystem shall now be supported by Amazon Web Services (AWS), which also comprises one-click node deployment through the AWS marketplace. With this partnership with AWS, Ava Labs can help customers deploy custom offerings linked to over 100,000 partners spread across 150 countries. Technically, the Avalanche node operators can operate in AWS GovCloud for the FedRAMP compliance use case, which is an essential pre-requisite for many enterprises and governments. This partnership will help scale blockchain adoption among many enterprises, government organizations, and other institutions. Howard Wright, the…

Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10

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In this week’s newsletter, read about how the metaverse may integrate touch and smell. Check out how the nonfungible token (NFT) project Moonbirds plans to become a global brand and how NFT marketplace Magic Eden will refund users affected by a recent exploit. In other news, find out how NFT image hosting issues can be resolved, according to executives within the NFT space. And don’t forget this week’s Nifty News featuring a warning to gamers about a fake Pokemon NFT game spreading malware.  Touch and smell become the next big…

Vital Levels To Keep Eye On Cardano Price Begins To Retreat

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The Cardano price has rallied significantly over the past week and secured more than a 24% gain. Over the last 24 hours, the coin slipped 2%, indicating that it could not sustain its weekly gains. Following a significant price increase, the technical outlook indicates that the altcoin’s price will trend lower. This correction might continue over the subsequent trading sessions; however, the ADA daily chart has pointed towards a bullish pattern. This translates to the reading that ADA could attempt to rise on its chart after a brief retracement. As…

City of London, British trade groups form new digital currency advocacy alliance

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The City of London has teamed up with a variety of trade associations to form the UK Forum for Digital Currencies, an alliance that will advocate for “better policies, practice and regulation around digital currencies,” according to a statement released by the five members.  Besides the City of London Corporation, the city’s municipal governing body, members of the forum include the Digital Pound Foundation, the Payments Association, CityUK and UK Finance. The latter three organizations are national financial and professional advocacy groups that have previously been engaged in crypto research…

Sam Bankman-Fried’s Lawyers Say $5,000,000,000 in Assets Now Recovered From Collapsed Crypto Exchange: Report

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Sam Bankman-Fried’s attorneys are revealing that billions of dollars worth of liquid assets has been recovered from bankrupt crypto exchange FTX. According to a new report by CNBC, lawyers representing the disgraced former CEO have told a judge that $5 billion in cash, digital assets, and other securities have been recovered from FTX. Attorney Adam Landis told the court that the $5 billion worth of recovered assets do not include any illiquid virtual currencies, adding that FTX’s holdings are so large that selling them would drive down the prices of…