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PBOC Governor: China Continues to Pursue Yuan Internationalization for Cross Border Payments

The People’s Bank of China is pushing to make the renminbi, popularly known as the yuan, an efficient international currency for international settlements. Pan Gongsheng, Governor of the People’s Bank…

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Bitcoin Difficulty Logs 11.16% Reduction, Largest Drop Since China’s 2021 Mining Crackdown

This weekend, the Bitcoin network logged its steepest difficulty cut since July 3, 2021—a moment that followed China’s sweeping ban on mining and trading, which triggered a sharp market sell-off…

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