CBDCs are no threat to crypto, says Binance boss
Binance CEO Changpeng "CZ" Zhao says there is room for CBDCs and crypto, and that he didn't see it as a threat to his company or the sector.
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Chinese central bank exec says digital yuan will offer ‘controllable anonymity’
China’s digital yuan is one of the earliest CBDCs whose pilot phase has expanded to include millions of users and billions in transaction volume.
Huobi Global denies ‘large-scale layoffs’ and key exec resignations
A spokesperson from Huobi Global says rumours of layoffs are "untrue" and the "senior management team is performing their duties as per normal."
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency.…
Toda City in Japan Is Using Metaverse Tools to Combat School Absenteeism
Toda City, located north of Tokyo in Saitama prefecture, is using metaverse-based tools to fight the absenteeism problem that Japan faces. The city includes children in virtual spaces where they…
Hong Kong Intends to Become a Crypto Hub, Could That Trigger Next Bull Run?
China’s autonomous special administrative region – Hong Kong – reportedly aims to legalize cryptocurrency retail trading and emerge as a digital asset hub. According to the Co-Founder of BitMEX –…
257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels…
Hong Kong could be key for China’s crypto comeback: Arthur Hayes
Hayes says the next crypto bull run will be tied to when China embraces the crypto market again, and Hong Kong could be the gateway for this to happen.
BIS releases full report on mBridge wholesale CBDC platform after successful pilot
The Bank for International Settlements is on a roll with its third publication within days detailing how commercial banks in four jurisdictions transferred funds using CBDC.
Arthur Hayes Says Bull Market Will Be Back When China and Hong Kong ‘Love Crypto’
China was emerging as the epicenter of the crypto industry. Within a decade, the country witnessed the spawning of giant exchanges like Binance Holdings Ltd. as well as the biggest…
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