Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
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China Tech Giants Face New Challenges from Utilizing Digital Yuan
In the past few years, Tencent Holdings Ltd and Ant Group Co. have digitized the Chinese currency. In addition, the companies have set up substantial private payment networks and cryptocurrency mining operations that have led to the global bitcoin boom. The two companies broke from the aggressive Chinese financial centralization, which has been in China's history for years. The issue comes as China is focused on distributing the digital currency before the 2022 Beijing Winter Olympics. According to Chinese officials,…
4 years ago