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Money World
The Chairman of the Hong Kong Institute for International Finance (HKIIF), Xiao Geng, recently brought attention to the advantages of introducing a CNY-pegged stablecoin for Hong Kong at a finance forum event. Xiao emphasized that such a stablecoin could significantly benefit the offshore CNY market and enhance Hong Kong’s standing as an international financial center.
Ripple’s recent report sheds light on the urgent need for new cryptographic systems to safeguard blockchain technology against quantum computing threats. Professor Massimiliano Sala, a mathematics expert from the University of Trento, emphasized the vulnerability of current encryption methods as quantum computers continue to advance. Sala stressed the significance of developing “quantum-resistant” cryptographic systems to
In the world of cryptocurrency, the market is constantly evolving. One of the most significant shifts currently taking place is the increased mainstream adoption of digital assets. With the recent Bitcoin halving and the hype surrounding BTC ETFs, more users are entering the space than ever before. This surge in interest is not only attracting
The government of Paraguay is taking a strong stance against illegal Bitcoin mining activities in the country. With the proposed bill that seeks to jail illegal miners for up to 10 years, Paraguay aims to protect its state-owned National Electricity Administration (ANDE) from the threat posed by energy theft. Bitcoin mining has experienced significant growth
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Ethereum has recently experienced a downside correction from the $3,150 zone, triggering a decrease in price. While the bears defended this key level, Ethereum is still holding onto its gains and showing resilience in the market. It is currently trading above $3,000 and the 100-hourly Simple Moving Average, indicating a potential for another upward movement
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