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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The price of Ethereum’s native token ETH could drop to a low of USD 675 – and rise to a high of USD 2,673 – before ending the year at USD 1,711, according to a panel of crypto industry professionals surveyed by comparison website Finder.com…. Read More: Volatile Months Ahead for Ethereum & USD 1,711…
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The price of Dogecoin (DOGE) has been yipping higher across cryptocurrency exchanges, nibbling at an intraday high of $0.07657 for an increase of 11% over the previous day and a 23% spike over the previous week. This unexpectedly favorable price movement underscores the fact that DOGE appears to be fully untouched by complicated legal proceedings…
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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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0x Labs developer advocate believes the current crypto winter provides a chance for “rationalization” and “validates” underlying blockchain systems. Both the ongoing downturn across cryptocurrency markets, and Ethereum’s upcoming merge were under the spotlight on the second day of ETH Community Conference. The wider Ethereum community descended on Paris for the largest annual European Ethereum event,…
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Both the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January. Crypto exchange FTX and its United States subsidiary FTX US have reportedly each set new fundraising targets following the firms planning several high profile acquisitions and credit lines to firms. According to a Wednesday report from Bloomberg,…
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A consulting firm predicted that the NFT market could be worth $231 billion in 2030, noting that the market will grow at a rate of over 33.7% in the years to come. In this week’s newsletter, read about the most expensive CryptoPunk sale in 30 days. Check out the report that predicts the growth of…
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The crypto market rally continues, but analysts are on the fence about whether BTC and ETH will slip back into range or push closer to higher-timeframe resistance levels. Cryptocurrency investors continue to enjoy this week’s bullish price action after Bitcoin (BTC), Ether (ETH) and a handful of altcoins rallied on July 20 alongside gains in the…
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For Vasily Shapovalov, the magnitude of the proof-of-stake transition could cause unforeseeable problems. Crypto enthusiasts are finally getting some respite from the ongoing bear market as the price of Ethereum (ETH) has increased 48% before the looming Merge upgrade that transitions the blockchain into one powered by a proof-of-stake consensus. As a result, the future…
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According to market analysts, the precious metal gold is officially in a bear market and prices could remain suppressed over the next few weeks. Moreover, while the macroeconomic backdrop has been gloomy, the popular safe haven asset has lost 17.50% in value against the U.S. dollar during the last four months. TD Securities Market Analysts…
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