Chinese citizens have begun using the digital yuan to pay “inter-city” tax bills – doing away with the need to conduct wire transfers to local tax authorities via banks. Per the China Securities Network and the People’s Daily, the first person to use the digital CNY in such a manner was a man surnamed Qi…
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South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb…. Read More: S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of…
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Bitcoin price gained pace and was able to clear the USD 23,500 resistance and almost touch USD 23,800. It is currently (11:45 UTC) trading near USD 23,650 and is up almost 7% in a day and 22% in a week. Similarly, most major altcoins are eyeing more upsides. ETH is back near USD 1,600 and…
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A panel of crypto industry players surveyed by comparison website Finder.com has predicted that Cardano’s native token ADA could reach USD 0.63 by the end of the year – a significant downgrade from the previous prediction. Judging from an average of the panelists’ responses, Cardano’s native token is likely to rise by just over 30%…
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Ethereum classic (ETC), that was created after a hard fork of the original Ethereum (ETH) blockchain in 2016, is again rallying in the market and has now outperformed ETH on a year-to-date basis. However, history shows that ETC rallies rarely last. Although prices of both coins are down year-to-date, ETC has managed to outperform its…
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Bitcoin tested USD 22,800 before there was a downside correction. It is currently (11:27 UTC) consolidating near USD 21,900 and is down less than 1% in a day and up almost 10% in a week. Similarly, most major altcoins are also consolidating gains. ETH rallied towards USD 1,620 before there was a pullback. XRP is…
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Jed McCaleb, the co-founder and ex-Chief Technical Officer of fintech firm Ripple, appears to have finished his infamous dumping of XRP tokens in the market, with a wallet he controls now showing a balance of just XRP 47.7, or just over 17 US dollars. Per data from the blockchain explorer XRP Scan, McCaleb made the…
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South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only “on paper.” Terraform, the company behind the LUNAC token, the UST stablecoin, and the new LUNA coin, shuttered its South Korean businesses back in April. But per an exclusive TV news report from the South Korean national…
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After reportedly returning all of its debt to DeFi lending protocols, troubled crypto lender Celsius (CEL) said it has initiated voluntary Chapter 11 proceedings in the US in an attempt to stabilize its business. CEL dropped following the announcement. At 03:03 UTC, CEL trades at USD 0.538 and is down 25% in a day, recovering from…
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