FxWirePro- Major Crypto levels and bias summary 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Urban studies: Doing research when every city is different 
The People’s Bank of China (PBoC) made an announcement of approval from the state administrative authority to start working on a national digital currency in order to combat the uncertainty of Libra, as per the Chinese reports.
The official whitepaper of Libra, which was highly speculated cryptocurrency of Facebook, has been released on libra.org, with additional partners.
The cryptocurrency would be developed on the Libra blockchain, as per the sources. It is reportedly a stable, scalable open source and the testnet is available on GitHub.
And according to bank representatives, Facebook’s Libra can be a potential threat for the domestic market as it intends to ease overseas payment operations. The social media giant, ‘Facebook’ has a worldwide network, they have access to nearly about 2.3 billion Facebook cryptocurrencies users,and the bank is mindful of the potential threat by the Libra’s scope for the local monetary policy, because Libra is likely to be pegged to the USD, which could even be more hazardous to the Chinese currency.
Well, with a view of a dealing and confronting such issue, the Chinese central bank would be equipped for designing and developing their private edition of national digital currency to assist domestic payments abiding by their central bank’s monetary policy.
