USDT flipped to a 2% premium against RMB amid bitcoin's price drop
After staying at a discount for months, the rate of USDT to RMB has flipped to a premium compared to the foreign exchange rate.
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Tencent and Ant-backed banks are said to pilot China's digital yuan
Two more commercial banks, this time backed by fintech giants Tencent and Ant Group, are said to trial China's digital yuan.
Beijing's new digital yuan test features ATMs that convert digital currency to cash
The feature comes as one integral part of the digital yuan ecosystem that China is building ahead of the formal launch of its DC/EP system.
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Bitcoin miner manufacturer Ebang raises $70 million in follow-on public offering
Chinese bitcoin miner manufacturer Ebang has raised $70 million in a follow-on public offering (FPO) that closed on Wednesday.
Bitcoin mining pool BTC.com is getting acquired by Chinese sports-lottery company 500.com
Bitcoin mining pool BTC.com, operated by Jihan Wu's BitDeer Technologies, is getting acquired by Chinese sports-lottery company 500.com.
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With Beijing onboard, China has so far issued $17 million in digital yuan tests
With Beijing being the latest city to join the test, China has now issued 110 million digital yuan, worth $17 million.
EY to extend enterprise blockchain to China on ‘localized’ Ethereum via BSN
Global consulting giant EY is partnering with the Blockchain Service Network to expand its Ethereum-based OpsChain to China.