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China To Develop Digital Yuan Platform With Alibaba's Ant


The Digital Yuan, also know as Digital Renminbi or e-CNY, the development will be “jointly promote” by the partners and will be based on Alibaba’s affiliate. The Global Times revealed that banking institutions have worked with Ant and the multinational Chinese conglomerate Tencent for over 3 years. Together they have co-develop the Digital Yuan.
Ant and Tencent have gone through a lot of scrutinies by China’s government. However, this has not prevented them to work on the project. VOA claims that the People’s Bank of China requires assistance to build the CBDC’s infrastructure and its distribution channels. China expects the e-CNY to be used in local retail payments and later to be adopted by foreign countries. ....

Francis Lun , George Orwell , Ant Group , People Bank , Ali Baba Group , Digital Yuan , Digital Renminbi , Global Times , Geo Securities , Communist Party , Dovey Wan , Primitive Crypto , Electronic Payment , பிரான்சிஸ் லூந் , ஜார்ஜ் ஆர்வெல் , எறும்பு குழு , மக்கள் வங்கி , அலி பாபா குழு , டிஜிட்டல் யுவான் , உலகளாவிய முறை , புவி பத்திரங்கள் , கம்யூனிஸ்ட் கட்சி , டொவே வ்யாந் , ப்ரிமிடிவ் கிரிப்டோ , மின்னணு கட்டணம் ,

Bitcoin transaction fees at an all-time high, BTC miners revenue skyrockets


Apr 22, 2021 04:41 GMTCrypto News
A major power outage in China’s Xinjiang province led to the drop in Bitcoin’s hash rate last week.
The massive decline in Bitcoin’s hash rate has benefitted miners but cost users a new high in transaction fees when using the network.
Bitcoin’s mining difficulty is expected to be adjusted in early May, leading to adjusted fees. 
Bitcoin transaction fees have reached an all-time high amid a massive hash rate decline on the network.
Bitcoin hash rate’s effect on transactions
The latest surge in Bitcoin transaction fees come in at a time when the Bitcoin network witnessed a major drop in hash rate. Over the weekend, amid the Bitcoin price plunge, BTC saw the largest daily drop in the network’s hash rate since late 2017. ....

Thomas Heller , Lightning Network , Dovey Wan , Primitive Crypto , Chief Business Officer , Compass Mining , தாமஸ் ஹெல்லர் , மின்னல் வலைப்பின்னல் , டொவே வ்யாந் , ப்ரிமிடிவ் கிரிப்டோ , தலைமை வணிக அதிகாரி , திசைகாட்டி சுரங்க ,