bitCNY (BITCNY)

bitCNY is a market pegged asset (MPA) issued on the Bitshares platform, these assets are known as bitassets or smartcoins. Smartcoins always have 100% or more of its value backed by BitShares (BTS), and can be redeemed for it at any time. Since the exchange rate of BTS to CNY can change, the blockchain protocol deals with increasing and decreasing supply accordingly. This allows users to trade and transfer stable priced tokens across the blockchain and to trade real world commodities like gold and silver in a decentralized manner.
Rank 219
Price $0.1524
Market Capitalization $9 644 683
24 Hours Volume $18 073 712
Available Supply 63 300 700 BITCNY
Total Supply N/A
Change (1 Hour) 0.11%
Change (24 Hours) 1.69%
Change (7 Days) 2.04%
Cryptocurrency News
December 10th, 2018

China has banned all Security Token Offerings and all activities linked to them. The government wants to regulate the new tokens before legalizing them to eliminate cases of fraud.

December 10th, 2018

A breakout below the support level of $3,094 will further decline in Bitcoin price towards $2,261 – $1,500 price level. Traders can remain flat as long the consolidation continues.

December 10th, 2018

On December 10, South Korea’s National Assembly along with several members of the Congress will have the first official debate in this country about crypto involving high profile government officials.

December 10th, 2018

Ethereum’s rise over the last three years has been extraordinary. A whole new industry of software developers, innovators, and entrepreneurs are building products on Ethereum.

December 10th, 2018

While Bitcoin recovered by 10% over the weekend, it is still facing some crucial resistance levels ahead for a short-term surge. Here’s what analysts have to say.

December 10th, 2018

In 2019, Venezuela will start selling oil in exchange for Petros and bypass US-imposed sanctions.

December 10th, 2018

Justin Sun, the founder and CEO of Tron Foundation, has offered to help EOS and ETH developers in migration of their dApps to Tron.

December 8th, 2018

As investors have been eagerly waiting for the Bitcoin price reversal after a continuous price-drop, here’s look into what experts from the crypto industry have to say.

December 8th, 2018

Congressman Darren Soto and Ted Budd have introduced the bills that direct the CFTC and other financial regulators to make recommendations for how to improve the crypto regulatory environment for both consumers and businesses.

December 8th, 2018

MasterCard has filed a patent application in an attempt to implement a new strategy of maintaining the anonymity of crypto transactions. The company seeks to attract users who prefer transactions anonymity.