News Snapshot:
Bitcoin Ethereum News Martin Chorzempa, of the Peterson Institute for International Economics, says that China’s digital Yuan is far in advance of its global competitors, and that it has very little in common with cryptocurrencies such as Bitcoin, given their high volatility. Chorzempa goes on to say that the digital Yuan is extremely low risk, and therefore far safer than cryptocurrencies. “I would say the safety levels (of the digital yuan are) very high and the risk is low,” he said. “It’s designed to have the same value as any regular renminbi, so there should be no price fluctuations to...
