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China Opens Digital Yuan Park in Shenzhen

October 13, 2023 0

Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to boost the digital yuan use in the region.

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Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers

October 13, 2023 0

On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barred from utilizing Thorswap, while the decentralized exchange (dex) platform’s operators disclosed a collaboration with an organization to introduce “some

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Stablecoin Market Navigates Shifting Sands as Tether Announces New CEO and USDR Depegs

October 13, 2023 0

The stablecoin landscape has been stagnant for the last two months, barely exceeding $123 billion as we approach the third week of October. Even though fiat-pegged token trading saw a spike this week, on October 13, stablecoin transactions made up 22.96% of the global crypto economy’s trade volume. Just a day earlier, they constituted 74% […]

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Grayscale’s Bitcoin Trust Discount to NAV Narrows Sharply to a 16.59% Gap

October 13, 2023 0

Grayscale’s Bitcoin Trust, known as GBTC, has witnessed a significant shift in its market dynamics. In January 2023, GBTC traded at a significant 48.31% discount to its net asset value (NAV). Today, that gap has narrowed to 16.59%, indicating changes in market sentiment and presenting potential implications for investors. End of 2023 Sees GBTC’s Discount […]

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Biggest Movers: DOGE Rallies, After Bouncing From Key Support Point

October 13, 2023 0

Dogecoin was a notable mover on Friday, as the meme coin rebounded from a key support point. The move came after two consecutive days of declines, pushing price near a two-month low. Solana also ended a losing streak in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) rose higher in today’s session, after the meme coin snapped […]

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Worldcoin Unveils Enhanced State Bridge; Registers 2.35M Users as WLD Market Dynamics Shift

October 13, 2023 0

This week, the iris-scanning Worldcoin project introduced a state bridge into its framework. This feature enables users to create and link their own bridge with the global identity, World ID, and any blockchain that’s Ethereum Virtual Machine (EVM) compatible. Data further shows that Worldcoin has registered about 2.35 million users, with over 700,000 distinct wallets […]

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Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak

October 13, 2023 0

Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher, following its own recent bear run. Bitcoin Bitcoin (BTC) snapped a five-day winless run […]

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Nigerian Court Convicts P2P Crypto Trader Accused of Operating a Pig Butchering Scam

October 13, 2023 0

A Nigerian court recently convicted and fined a peer-to-peer (P2P) crypto trader accused of running a pig butchering scam. According to the Economic and Financial Crimes Commission, the crypto trader’s activities were “contrary to and punishable under the Cybercrimes (Prohibition etc.) Act, 2015.” Offense ‘Bordering on Cybercrimes’ A Nigerian court recently convicted a

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BBACHAIN Layer I Blockchain Technology: A Revolutionary Leap in the Crypto Space, Unveiling at Upcoming Global Events

October 13, 2023 0

PRESS RELEASE. Imagine a world where technology not only meets financial innovation but also crafts a future where transactions are not merely conducted but are optimized for user benefit and technological advancement. This is not a distant dream but a tangible reality brought to life by BBACHAIN, a meticulously crafted super platform that promises a […]

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River Report: Bitcoin’s Lightning Network Grew by 1,212% in 2 Years

October 13, 2023 0

A recent report published by River, a Bitcoin technology and financial services company, has revealed that the Lightning Network, a scaling layer for Bitcoin, has grown by 1,212% in two years. River’s estimation comes from examining operators of nodes comprising 52% of the public capacity on the network, concluding that it has “become much more […]