Robert Kiyosaki, author of the best-selling “Rich Dad Poor Dad” series, says the collapse in the crypto markets is a prime buying opportunity. In a new Stansberry Research interview, Kiyosaki highlights that the key to getting wealthy is to buy when markets go through a significant sell-off. “You buy low. You sell high. But all […]
The People’s Bank of China reports that they have successfully carried out the first salary payments using a blockchain-based version of the Digital Yuan. China has made the first payments in #digitalyuan based on a blockchain in the New Xiong'an District. The country's leadership has been working on putting the central bank digital currency (CBDC) […]
With El Salvador legalizing Bitcoin as legal tender and forward-looking companies like Tesla, MicroStrategy, and Square accepting payments in Bitcoin, the debate once again rages on whether cryptos like Bitcoin can ever replace fiat currency. According to BItstamp CEO Julian Sawyer, Bitcoin has drawbacks like extreme volatility and most likely be part of the payment …
An official with the Central Bank of Nigeria (CBN) told a local news outlet that the central bank is hoping to launch a central bank digital currency (CBDC) “before the end of the year. Director of IT for CBN, Rakiya Mohammed, announced during an online news briefing at a Bankers Committee meeting. She stated that the bank […]
On June 15th, the House Financial Services Committee, Task Force on Financial Technology (Fintech) will hold a hearing on central bank digital currency...
As part of efforts to conduct more test on its upcoming central bank digital currency (CBDC) and expand the scope of the digital yuan, China completed it first salary payment with the CBDC powered by blockchain technology, in the Chinese state-level new area, Xiong’an. Blockchain Technology for Salary Payments in Digital Yuan According to People’sRead More
The continued spread of cryptocurrencies without consistent regulation is a cause for concern, according to the head of Italy’s stock market regulator.
China debuted blockchain-based Digital yuan salary payments in the Xiong’an area which marks the first implemented transaction on the blockchain in the country as we can see more in our latest cryptocurrency news today. China is progressing with the central bank digital currency tests and debuted blockchain-enabled salary payments in the digital yuan. As per […]
TL;DR Breakdown China has debuted the first digital currency backed by China, digital yuan This payment system was introduced in Xiong’an New Area This will be the first blockchain-powered CBDC for payments of salaries China’s stance on cryptocurrencies is clear despite the rumors. After the rumors that Bitcoin was banned in China, China came out […]