Sign in Subscribe

Live Feed

China Inaugurates Digital Yuan Operation Centre to Push CBDC Integration

China has taken a significant step in enhancing the global position of its digital currency with the inauguration of an international operation center for its central bank digital currency (CBDC), the digital yuan (e-CNY), in Shanghai. According to reports, Lu Lei, Deputy Governor of the People's Bank of China, emphasized the move as a necessary evolution in payment innovation aimed at creating a more efficient and inclusive global cross-border payment system. This initiative is expected to improve settlement efficiency and serve as foundational components for broader integration of the e-CNY. This development comes shortly after China halted its efforts related to the tokenization of real-world assets, indicating a strategic pivot in its approach to digital finance and the cryptocurrency landscape.

Source 🔗

Read next

Tether and Circle Are ‘Printing Money’ But Competition is Coming

Stablecoin issuers like Tether and Circle benefit from high-interest rates on U.S. Treasuries that back their tokens, essentially printing money as holders see none of the yield. According to Wormhole co-founder Dan Reecer, new platforms such as M^0 and Agora are emerging to address this issue by allowing

Stocks vs. Bitcoin in the AI era: Which will survive the next 50 years?

As AI transforms industries, both stocks and Bitcoin face challenges and opportunities over the next 50 years. Stocks have endured since the 1602 inception in Amsterdam, adapting through economic cycles, wars, and technological advancements. Companies that leverage AI in automation and data analytics are positioned to thrive. Meanwhile, Bitcoin, created

Stocks vs. Bitcoin in the AI Era: Which Will Survive the Next 50 Years?

The article investigates the potential futures of stocks and Bitcoin in the context of artificial intelligence (AI) advancements. Stocks may thrive if they adapt swiftly to changing technological and economic landscapes, particularly through sectors driven by AI, such as robotics and biotech. Historical trends suggest that stocks have weathered various