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 $1,09 trillion. Bitcoin is up by over 2% to reach around $27,200. Ethereum increased by nearly 6% to close to $1,700. XRP gained almost 2% in value during a highly volatile week. Almost all altcoins are trading in the green, with virtually no exceptions. The DeFi sector maintains the total value of protocols (TVL)…
eCNY
China Disburses Digital Yuan to Citizens to Boost The Economy
The Chinese province of Shenzhen plans to distribute 30 million digital yuan (eCNY), or approximately $4.5 million, to its residents. A local news outlet reported this news earlier today, noting that the government plans to distribute the funds in the form of red packets. According to the report, the province has partnered with eight banks in this initiative. They include Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, and China Construction Bank. The rest include…
1 year ago 
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