The Metaverse: Overhyped or the Future? Virtual land, digita | The Capital City on Binance Square

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The Metaverse: Overhyped or the Future?Virtual land, digital identities—is the metaverse still relevant? #Metaverse #Web3  $WCT 

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🇨🇳🤝 Tech Giants Push for Yuan-Backed Stablecoin in Hong Kong Key Points: JD.com & Ant Group (Alibaba affiliate) reportedly proposed offshore yuan-pegged stablecoins to China's central bank (PBOC) Plan targets Hong Kong, where new crypto regulations take effect August 1 Goal: Reduce reliance on dollar stablecoins (USDT/USDC) in cross-border trade Why It Matters: 🔹 Chinese exporters increasingly use USDT to bypass currency controls 🔹 PBOC advisor Huang Yiping hinted at possible approval for offshore RMB stablecoins 🔹 Governor Pan Gongsheng warned crypto poses regulatory challenges "An offshore RMB stablecoin could promote yuan internationalization" – Industry observers The Big Picture: If approved, this could: ✅ Boost yuan usage in global trade ✅ Challenge USDT's dominance in Asia ✅ Position Hong Kong as a crypto hub Your Take: Smart move for China's financial sovereignty or regulatory tightrope? 💬

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💰 Solo Miner Hits the Jackpot: Wins $350K Bitcoin Block Reward! A solo miner defied the odds and successfully mined a #Bitcoin block, earning nearly $350,000 in rewards! 🔍 Key Details: Hashrate: 2.3 PH/s (~10 modern ASICs like Antminer S21+) Probability: 1 in 2,800 (≈ once every 8 years) Reward: 3.125 BTC ($343K) + 0.048 BTC ($5.2K) in fees Mined via: CKPool (a solo mining pool where miners compete individually) Why This is Rare: Most miners join large pools to split rewards, but solo mining means winner takes all—despite extremely low odds. *"This miner has been consistently running ~2.3 PH/s for a while."* — Con Kolivas, CKPool operator Comparison: July 2024: Another solo miner with 3 TH/s hit a block (odds: 1 in 1.2 million ≈ once every 3,500 years!) Think you could get this lucky? Drop your thoughts below! 👇

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