People’s Bank of China to expand testing locations for digital yuan
China is among the jurisdictions that have made major advancements with its plans for a central bank digital currency (CBDC)....
Month: July 2022
South Africa Sets To Regulate Crypto As Financial Assets
South Africa’s central bank is planning to impose more regulation on the crypto industry as it recognizes the digital asset...
NFT, Blockchain, And Web3 Added To Shanghais Five-Year Plan
The Shanghai government has maintained its support for crypto and non-fungible tokens (NFTs). The government has now added blockchain and...
Ethereum (ETH) Ready for ‘Significant Run,’ Says Top Crypto Analyst – Here’s His Target
A closely followed analyst is providing updates for the two leading digital assets as each fights to hold a critical...
GameStop NFT Marketplace Launches Beta, Nearly Doubles Total Coinbase NFT Ethereum Sales in Just Two Days
Retail giant GameStop is launching the beta version of its non-fungible token (NFT) marketplace, already outpacing one prominent competitor. Though...
UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K
Crypto investors found cause for celebration on July 14 as the market experienced a positive trading session just one day...
Ankr Network’s 2.0 upgrade aims to improve Web3 decentralization
Decentralized Web3 infrastructure provider Ankr Network (ANKR) has introduced its Ankr Network 2.0 upgrade aimed at transitioning blockchains into more...
Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary
Millionaire investor from the Shark Tank TV show Kevin O’Leary says there’s going to be “total panic” and “massive volatility”...
OpenSea lays off 20% of its staff, citing ‘crypto winter’
Nonfungible token (NFT) marketplace OpenSea announced mass layoffs on Thursday, joining other crypto companies in reducing headcount during one of...
Principles for Financial Market Infrastructures should be applied to stablecoins: BIS
The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) of the Bank for...
Celsius terms of use do not guarantee return of customers’ funds
Struggling crypto lender Celsius has filed for Chapter 11 bankruptcy in the US which could mean users may be unable...
Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials
U.S. Treasury Secretary Janet Yellen met with Bank of Japan Governor Haruhiko Kuroda to discuss several multilateral financial regulatory issues,...
CoinFLEX to enable 10% withdrawals from July 15
Crypto trading platform CoinFLEX, which halted withdrawals on June 24, will enable limited customer withdrawals starting 5 am UTC on...
Bitcoin production cost decline could be a negative for price, JPMorgan says
JPMorgan Chase & Co. strategists said that Bitcoin’s (BTC) cost of production is down by almost half to $13,000 presently...
Celsius Network’s Token CEL Drops 58% After Bankruptcy Filing, So-Called ‘Short Squeeze’ Falters
During the last 30 days, the Celsius Network’s native token CEL increased in value by over 140% against the U.S....
