• China has integrated the digital Yuan into popular payment apps such as WeChat and Alipay, in an effort to make payments faster and more seamless for users. • Other countries are also exploring Central Bank Digital Currencies (CBDCs), with the Bahamas, China and Nigeria being the first to launch their own. • The Chinese …
China Leads the Way with Digital Yuan: Faster Payments for All! Read More »
The Bank of England Deputy Governor Jon Cunliffe recently said that Britain is competing in the Central Bank Digital Currency (CBDC) race. Britain’s push for a digital pound was influenced by newly elected Prime Minister Rishi Sunak, who is a believer and supporter of the crypto industry. When asked about the delay in public consultation …
Britain Races to Issue CBDC, Consultations Delayed Read More »
• Bitcoin spot trading volumes have hit a new yearly high • The 7-day average daily trading volume has reached $13 billion • Most of the trading is concentrated on Binance Bitcoin Spot Trading Volume Hits New High For 2023 Data shows the Bitcoin spot trading volumes have hit a new yearly high in the …
Bitcoin Trading Volume Hits New Yearly High: 7-Day Average Surges Past $13 Billion Read More »
• Regulatory tension in the crypto industry has sparked fear, doubt and uncertainty (FUD) among the crypto community. • The SEC recently struck Kraken with a fine and halted its staking program, as well as taking enforcement action on Paxos and Binance USD stablecoin. • Rumors have been circulating of a possible Wells Notice from …
Crypto Community FUDs Over Latest Regulatory Tension: Get 150% Welcome Bonus Now! Read More »
• Bitcoin (BTC) dropped to a four-week low on Thursday morning. • The crypto asset slipped below its hovering $23,000 price range to as low as $22,408 before climbing back up. • The slump is due to ongoing rumors about cryptocurrency regulation being investigated by top U.S. financial regulators. Bitcoin (BTC) Drops Below $23K In …
Bitcoin Slumps Below $23,000: Is Crypto Regulation to Blame? Read More »
• The US Federal Reserve has announced the start of the disinflationary process of the US economy, raising the interest rate by another 25 base points. • This announcement has caused Bitcoin to rise 3.2% in the last 24 hours and break its $23k resistance level. • Fed chairman James Powell is still not optimistic …
Bitcoin Breaks $24k Resistance: Fed’s Disinflationary Process Begins Read More »
• FTX, a crypto exchange, filed for bankruptcy last year, leading to a contagion among companies exposed to the exchange. • Digital Surge, an Australian crypto exchange, lost access to its funds on FTX and suspended withdrawals on its platform. • Digital Surge proposed a Deed of Company Agreement (DOCA), which requires the creditors’ approval, …
Digital Surge Overcomes FTX Bankruptcy, Reaches Rescue Plan for Users Read More »
• Shiba Inu (SHIB) has seen 4% gains in the past 24 hours as it is currently the most traded token among the top 100 Ethereum whales. • The top 500 Ethereum whales are currently holding a massive stack of SHIB worth $579 million. • This shows that the whales have bullish conviction about Shiba …
Top Ethereum Whales Bullish on Shiba Inu: $579 Million Stake Read More »
• Blockchain.com announced it is cutting its workforce by 28%, leading to approximately 110 employees being laid off. • This is the second round of layoffs by the company in less than a year, following a round of 150 employees being let go in July 2020. • Other leading crypto companies, such as Coinbase and …
Blockchain.com Cuts Workforce by 28%, Layoffs Follow Crypto Winter Read More »
• Bitcoin miners may find some relief after a period of immense pressure. • The average cost of production for miners is now around the current price levels. • Data from the on-chain analytics firm Glassnode shows that the Bitcoin difficulty regression model has a value just around the current BTC price levels. With Bitcoin …
Relief for Bitcoin Miners: Cost of Production Now Matches Market Price Read More »