In a recent share, the director of the Central Bank of China’s Digital Currency Research Institute said that the country will expand the scale of testing the digital yuan. Accordingly, instead of being deployed at only 11 locations as initially, the testing of e-CNY will be expanded to 23 locations. The scale of this test […]
Need to distinguish between virtual money, electronic money, digital money Responding to the National Assembly on June 8, Governor of the State Bank Nguyen Thi Hong said that over the past time, electronic money and virtual money are issues of great public interest. These are concepts that need to be clarified. According to Ms. Hong, […]
Nurtured in skepticism The last time Bitcoin dropped to such a low price range was 296 days ago, on July 21, 2021. At that point, in just 24 hours, the crypto market evaporated $89 billion. Bitcoin, as the lead currency, has lost 50% of its value from its peak of $65,000 (April 2021). More ominously, […]
According to data from CoinMarketCap, over the past month, crypto assets have lost $800 billion, bringing the total capitalization down to just $1.4 trillion as of May 10. On the same day, Bitcoin, which accounts for nearly 40% of the virtual currency market capitalization, hit its lowest level since 10 months ago, before bouncing back […]
The Fei Protocol algorithmic stablecoin platform has just been stolen nearly 80 million USD on 30/4. The project side offers a bonus 10 million USD if the hacker returns the amount of digital currency taken. Specifically, Fei Protocol announced that the platform’s Fuse protocol on Rari Capital was hacked. Data from the hacker’s wallet address […]
On the morning of April 21, in Hanoi, the launching ceremony of the Vietnam Blockchain Union (VBU) took place. This is an alliance of the Vietnam Digital Media Association with the mission of connecting the community and advising and advising regulatory agencies to develop policies and legal frameworks on Blockchain, digital assets, and digital currencies. […]
While the Ukrainian government and other organizations donate cryptocurrencies to help the country distribute emergency resources, Russia uses cryptocurrencies in response to Western sanctions. Both the Russian and Ukrainian economies have been quick to adopt digital currencies to gain competitive advantages. This is also the first time the world has witnessed the power of blockchain […]
Deloitte’s latest research shows that, instead of playing a competitive role with traditional fiat currencies, there is potential for improvement for the currencies themselves. According to the latest research by financial services giant Deloitte, titled “State-Sponsored Cryptocurrency”, today’s leading cryptocurrency could be the foundation to create an ecosystem. cheaper, faster and more secure digital fiat […]
Bulletproof vests and night vision goggles are a series of military equipment purchased by the Ukrainian government. Nearly $100 million in digital currency has been donated. The money raised by Ukraine has been used to buy more than 400,000 rations, thousands of bulletproof vests and many night vision devices. On a live Q&A session on […]
Regarding the nationwide state of martial law, Ukraine has imposed a ban on cryptocurrency trading. Accordingly, the National Bank of Ukraine issued a document to temporarily limit the distribution of electronic money (e-money) and ask issuers to stop issuing and adding money to electronic wallets. Cryptocurrencies here are understood as legal currencies stored in digital […]