China considers yuan-backed stablecoins in policy shift
China, long known for its strict stance on cryptocurrencies, is reportedly weighing the introduction of yuan-backed stablecoins in what would be a major turnaround in policy. According to Reuters, authorities are discussing a roadmap that could be approved later this month by the State Council, aiming to expand the global use of the yuan and […]
Bitcoin dips as investors await Powell’s Jackson Hole speech
Crypto traders are on edge ahead of Jerome Powell’s speech at the Federal Reserve’s annual Jackson Hole meeting, which could hint at the direction of US interest rate policy before September’s FOMC session. Bitcoin briefly fell to $112,565 on Wednesday — its lowest since Aug. 3 — before stabilizing near $114K. Analysts link the drop […]
Monero Faces 51% Attack Concerns, Community Considers New Consensus Model
The Monero community is weighing major changes to its proof-of-work (PoW) system after reports that Qubic, an AI-focused mining pool, briefly gained majority control of the network. The incident has revived fears about 51% attacks and prompted discussions on how to strengthen Monero’s security. Proposals include switching to merge mining with Bitcoin or other major […]