China News by Thebittimes.Com

The CEO of cryptocurrency exchange Binance does not see central bank digital currencies (CBDCs) as a threat to cryptocurrencies, like bitcoin and ether. “It will validate the blockchain concept so that anybody who still has concerns about the technology will say: ‘Ok, our government is using the technology now,'” he opined. CZ Sees No Threat to Crypto Coming From CBDCs Binance CEO Changpeng Zhao (CZ) said Wednesday that he believes central bank digital currencies (CBDCs) are not a threat to cryptocurrencies, like bitcoin (BTC) and ether (ETH), Reuters reported. According to the Bank of International Settlements (BIS), nine out of 10 central banks are exploring launching their own digital currencies. The Atlantic Council’s CBDC tracker shows that 105 countries are currently exploring central bank digital currencies. Zhao was asked during a news conference at the Web Summit in Lisbon whether CBDCs could pose a threat to Binance and cryptocurrencies, like bi...

Join Our Telegram channel to stay up to date on breaking news coverage Coinbase, the largest digital currency exchange in the United States, revealed in a tweet that it plans to add support for Pangolin (PNG) — a cryptocurrency that was developed on Avalanche’s network. The token will be the first cryptocurrency based on the  ARC-20 token model to be listed on Coinbase. The exchange also added a warning not to send this asset over other networks, or the funds may be lost. Coinbase will add support for Pangolin (PNG) on the Avalanche network. Pangolin (PNG) is the first Avalanche ARC-20 token to be offered on our exchange. Do not send this asset over other networks or your funds may be lost. — Coinbase Assets (@CoinbaseAssets) October 5, 2022 Pangolin price skyrockets following the announcement The announcement was a huge deal for the token, which saw its price skyrocket by more than 33% in 24 hours alone. Right before the announcement, the token...