China is expanding the use cases for its central bank digital currency (CBDC) called digital yuan or e-CNY for its Belt and Road initiative and cross-border trades. The digital yuan a.k.a. digital RMB was one of the first CBDCs to be developed and widely tested. While there hasn’t been an official launch, the government has expanded its testing parameter to…
The world of crypto can be a daunting place to adventure in and with the inherent risk of capital, figuring out how to distinguish a good project from a bad one could be the difference between a bumpy ride or a smooth journey. Here are 10 data points to help you figure out whether a project could be worthy of…
Imagine the feeling (maybe you’ve experienced this before): you’re a regular person, somewhat familiar with cryptocurrency. You’ve heard the phrase “Not your keys, not your crypto,” and sure, that makes sense for some of those sketchier exchanges, but this is Exchange Corp (let’s use this as a hypothetical example). Everybody trusts Exchange Corp. You saw their CEO on cable news…
Bitcoin started the week on the brink of a downwards crossover of two key moving average trend lines, which could signal an upcoming price drop. The 10-day and 25-day moving average look set to cross, potentially leading to a breakout of the $27,000 level. Ethereum is trading above a floor at $1,830 as of writing. Bitcoin Bitcoin (BTC) is on…
Memecoins took a beating on Sunday amid a wider market slump that saw Bitcoin fail to regain the $28,000 level, fueling bearish sentiments in the market. The frog-themed PEPE token, which saw one lucky buyer turn a $250 investment into an on-paper profit of over $1 million, has shed 30% of its value from its peak on April 20 and…
The official Twitter account of the crypto exchange KuCoin has recently been compromised, leading to users losing their funds to a fake giveaway event. The crypto platform promised to reimburse the funds lost from the incident. 1/ The @kucoincom handle was compromised for about 45 mins from 00:00 Apr 24 (UTC+2). A fake activity was posted and unfortunately led to…
Floor, a mobile NFT portfolio tracking app, has expanded beyond the Ethereum ecosystem to include support for Solana NFTs starting today. And the timing may prove fortuitous for Floor, coming just days following the mint for Mad Lads, Solana’s buzziest NFT drop in months. Solana is the second layer-1 blockchain platform supported by Floor, which means that projects like Claynosaurz,…
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia Aims to Settle Energy Trades Away From the U.S.…
A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act. The southern district court in Seoul dismissed the prosecution’s appeal for confiscating Shin’s properties and his arrest based on securities law…
The Canadian musician took to Twitter to voice her support of AI-generated music using her voice, saying she is willing to be a “guinea pig” for the new technol… Source: https://cointelegraph.com/public/index.php/news/musician-grimes-willing-to-split-50-royalties-with-ai-generated-music
