Crypto News

The tariff threats from President-Elect Trump against countries with issues with the U.S. are negatively affecting these nations’ currencies. The Chinese yuan has experienced a continuous decline, causing it to hit its lowest price in the last 15 months. Trump Tariff Threats Take Chinese Yuan to 15-Month Low The election victory of President-Elect Trump isSource link

Publicly traded BIT Mining (BTCM) will continue its self-hosted mining operations for dogecoin (DOGE) and litecoin (LTC) after the endeavor reaped three times more profit than its bigger bitcoin (BTC) mining operations, per a release.BIT Mining said it had mined 84,485.42 LTC (worth $10 million at current prices) and 227,908,250 DOGE (worth a whopping $100 million) since it started its self-mining business. It reported having over 5,500 active mining machines, representing 1.32% of the global network hash rate in LTC, DOGE and the smaller Belcoin (BEL).Such gains on its DOGE operations came as the token’s prices have more than tripled since late September on repeated endorsements by technocrat Elon Musk and the proposal of a Department of Government Efficiency (D.O.G.E),...

Binance announces the addition of new trading pairs and trading bots services on its platform, enhancing user experience and expanding trading options. (Read More)Source link

The Hong Kong Monetary Authority (HKMA) announced successful tender results for 5-year RMB HKSAR Government Bonds, with a bid-to-cover ratio of 3.03 and an annualized yield of 2.255%. (Read More)Source link

The Central Bank of Chile recently stated that it could not add bitcoin to its reserves, as this crypto asset fails to comply with the requirements to be included as a bank investment. Central Bank of Chile Would Not Add Bitcoin to Its Reserves The debate about bitcoin as a reserve asset and the issueSource link