July 23, 2024
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Blockchain News

As Digital Yuan Hype Fades, China Must Find Fresh Institutional Use Cases

China’s e-CNY, the digital yuan, had once captured global attention as central banks, journalists, and politicians closely monitored its implications. The People’s Bank of China (PBOC) rolled out a pilot app in January 2022, showcasing the world’s most advanced Central Bank Digital Currency (CBDC). However, the initial hype around the e-CNY has diminished considerably. According

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Bitcoin News

Bitcoin (BTC) Will Reach $1,000,000 Amid Major Move From Central Banks, According To BitMEX Founder Arthur Hayes

BitMEX co-founder and CEO Arthur Hayes predicts a large Bitcoin (BTC) rise and a major shift in global central bank policy. Hayes claims he’s eyeing a $1 million price tag for Bitcoin in response to the People’s Bank of China lowering the Reserve Ratio Requirement (RRR) by 0.25%. Hayes feels China’s move validates his argument

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Latest News

CBDCs Should Protect Privacy, not be a Surveillance Tool: Former CFTC Chair

The former chair of the Commodities Futures Trading Commission thinks central bank digital currencies (CBDCs) should move from “surveillance coins” to “freedom coins” in the US. Christopher Giancarlo wrote in The Hill on March 13 that the U.S. “must influence” CBDC development to defend “democratic values like freedom of speech and the right to privacy”

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