US Government Exploring Digital Yuan’s Threat To Dollar – April 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $59,752

Bitcoin price spiked toward all-time highs over the weekend, breaking back above the $61,000 mark before starting Monday under the elusive $60,000 level.

Top-20 altcoins have had mixed performance over the last 24 hours, as Ethereum remains stationary, XRP falls 4% and Binance Coin soars 19%.

Top Stories for April 12, 2021 πŸ”₯

πŸ‘‰ US Government Exploring Digital Yuan’s Threat To Dollar

The Biden administration is currently exploring the digital yuan’s potential threat to the US dollar, according to Bloomberg.

It has been reported that multiple government departments are looking deeper into the currency, whether it works around trade sanctions and its possible impact on the USD’s reserve currency status.

The digital yuan – also known as DCEP – is already being rolled out, with multiple test runs already conducted.

πŸ‘‰ Crypto Exchange Web Traffic Fell 9% In March

Web traffic data from The Block has observed a drop of almost 9% over the month of March, after February’s three-year high.

No month has yet topped the web traffic seen in January 2018 however, with more than 500 million visitors at the peak of the boom.

πŸ‘‰ Binance Smart Chain Criticized For Centralized Validators

Messari have criticized Binance Smart Chain for the centralization of its validators, who they claim are hand-picked on a daily basis by Binance Chain – another Binance blockchain with a similar name.

One researcher, Wilson Withiam claims that there is an apparent pre-defined order in which the validators produce blocks, indicating meddling in the should-be decentralized system.