Hong Kong to Start Testing Digital Currency in Coming Months
China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as...
Bitcoin News
This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower
Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $118.02 million worth of NFTs were...
Indian Government Working on How GST Tax Could Be Applied to Crypto
India’s ministry of finance is reportedly working on how the goods and services tax (GST) could apply to crypto transactions....
Boba Network Partners With Avalanche, Boba AVAX L2 to Provide ‘Faster Transactions and Lower Fees’
On Wednesday, the layer two scaling solution that leverages optimistic rollup technology, Boba Network has revealed it now supports the...
Japanese Banking Heavyweight Nomura to Launch Crypto-Focused Venture Capital Arm
On Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of...
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central...
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few...
World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices
The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Some Expect Fed to Hike Rates by 1%
Bitcoin fell below $19,000 on Wednesday, as markets prepared for a potential 100 basis point interest rate hike from the...
Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol
On Tuesday, the liquid staking firm Alluvial revealed a consortium of organizations will collaborate on the “first enterprise-grade multi-chain liquid...
Biggest Movers: XRP Remains Close to 4-Month High, as LTC Rebounds on Wednesday
XRP remained close to a four-month high on Wednesday, following a recent breakout of a key resistance level. The token...
World’s Largest NFT Marketplace Opensea Reveals Drop Improvements, Arbitrum L2 Support
The largest non-fungible token (NFT) marketplace by sales volume, Opensea, has announced a new “immersive and secure minting experience” by...
China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level
China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of...
Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round
Africa-focused crypto exchange Yellow Card recently revealed it has closed its $40 million Series B funding round. The exchange’s announcement...
Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first...
