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Chinese municipal bank issues first-ever digital yuan loan using intellectual property as collateral

The unnamed recipient of the loan said the e-CNY transaction was fast and efficient; they received an equivalent of 500,000 CNY, which was $74,020 at the time of publication. As reported by local news outlet Sohu, on Wednesday, the Agricultural Commerce Bank of Zhangjiagang, located in China’s Suzhou province, announced that it had issued a…
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Roman Catholic Archdiocese of Washington, DC will accept crypto donations

Crypto donations platform Engiven’s page for the archdiocese includes the option to send funds anonymously using many tokens, from Ether to 0x. The archdiocese of Washington, D.C. of the Roman Catholic Church will begin accepting donations in cryptocurrency as part of an effort to grow its ministries. In a Tuesday announcement, crypto platform Engiven said…
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Bitcoin bulls aim for $25K price on Friday’s $510M options expiry

BTC price has been gaining momentum as it nears $24,000, and this week’s options expiry could help bulls profit $200 million. Fifty-one days have passed since Bitcoin (BTC) last closed above $24,000, causing even the most bullish trader to question whether a sustainable recovery is feasible. However, despite the lackluster price action, bulls have the…
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Solana Suffers Exploit — Close to 8,000 SOL-Based Wallets Have Been Compromised

The Solana smart contract project is suffering from issues once again after it was discovered that close to 8,000 Solana-based wallets have been compromised. Solana is asking victimized wallet owners to complete a survey and the team stressed that “engineers are investigating the root cause.” Solana Investigates Massive Wallet Exploit, Root Cause of the Hack…
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Rebound as Global Markets React to Pelosi’s Visit to Taiwan

Bitcoin and ethereum were both trading higher on Wednesday, as global financial markets reacted to the tensions caused by U.S. House Speaker Pelosi’s visit to Taiwan. The price of gold dropped by nearly $40 late on Tuesday, after securing a one-month high, while the S&P 500 also faced a turbulent session. Bitcoin Bitcoin (BTC) was…
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Biggest Movers: APE Hits 2-Month High, as UNI Nears Highest Point Since April

Apecoin rose to its highest point in over two months on hump day, as prices rebounded following a two-day losing streak. Uniswap was another big mover on Wednesday, as the token climbed by as much as 14%. Overall, the global crypto market cap is trading 2.79% higher as of writing. Apecoin (APE) Apecoin (APE) was…
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Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies

South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto investment and trading, authorities in Seoul claim cryptocurrencies have been actively used for money laundering. Korean Citizens Accused of Investing in Crypto Assets…
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Despite Crypto Downturn, Developers Continue Contributing to Web3 Communities

Blockchain developers have maintained their contributions to Web3 communities despite the latest market downturn, with Ethereum (ETH) leading the way as the strongest and largest community, according to a recent report by VC investment firm Telstra Ventures. Per the report, blockchains developers’ participation in Web3 communities has largely remained unphased during the recent market meltdown….…
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MicroStrategy’s Saylor Says Stepping Down as CEO Will Let Him Focus More on Bitcoin

The bitcoin (BTC)-keen American software firm MicroStrategy could pivot even further toward BTC – despite the announcement that its co-founder Michael Saylor will step down as CEO on August 8…. Read More: MicroStrategy’s Saylor Says Stepping Down as CEO Will Let Him Focus More on Bitcoin  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Bitcoin and Ethereum Inch Higher, APE and SNX Rally

Bitcoin price started a fresh increase above the USD 23,200 resistance zone and is currently (11:20 UTC) trading near USD 23,400. BTC is up 2% in a day and 10% in a week. Similarly, most major altcoins are also moving higher. ETH climbed above the USD 1,620 and USD 1,650 resistance levels. XRP might rise…
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