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China’s Central Bank: Digital Yuan Transactions Reach $250 Billion

2023-07-23 by admin Leave a Comment

China's Digital Yuan Transactions Reach $ 250 Billion, Central Bank Governor Reveals

China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($ 250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official stated that digital yuan in circulation amounted to 16.5 billion yuan. Latest Digital Yuan Stats People’s Bank …

Stock-to-Flow Analyst Plan B Predicts Bitcoin’s Price to Reach $40K-$50K at Halving

2023-07-18 by admin Leave a Comment

In about nine months, expected near April 24, 2024, Bitcoin is set to experience its fourth block reward halving. Many supporters and market observers anticipate a price increase prior to the event. According to an anonymous market analyst known as Plan B, bitcoin’s price could ascend to between $ 40,000 and $ 50,000 …