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China plans a $62 billion digital currency lottery for beijing residents

INDUSTRY

Wednesday, 2 June, 2021 at 07:15 GMT
After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of digital currency. ...
New thai regulations target defi sector following pump and dump

INDUSTRY

Tuesday, 1 June, 2021 at 11:25 GMT
New developments in Thailand’s decentralized finance (DeFi) sector may face new regulations after a new SEC announcement this past weekend. ...
Ethereum price reaches key support

INDUSTRY

Thursday, 27 May, 2021 at 08:04 GMT
Ethereum failed to continue above $2,900 against the US Dollar. ETH price corrected gains and it is now trading near a major support at $2,640 and the 100 hourly SMA. ...
How covid19 spurred digital currencies adoption

INDUSTRY

Wednesday, 26 May, 2021 at 19:01 GMT
Economist Intelligence Unit (EIU) has completed a report commissioned by Crypto.com revealing that the COVID-19 pandemic spurred the recent growth in acceptance of digital currencies. ...
Crypto market has become more resilient after crash

INDUSTRY

Wednesday, 26 May, 2021 at 16:30 GMT
A senior strategist from JPMorgan Chase & Co bank, after he compared last week’s crypto market crash and the 2018 market crash, he explained that the state of the market now is significantly more resilient and robust than three years ago. ...
China’s doom is america’s bitcoin boom

INDUSTRY

Monday, 24 May, 2021 at 05:21 GMT
Ignored throughout the bull run, China is once again trying to make itself relevant by employing its classic approach of bitcoin doom. Since MT Gox has gone in 2014, China has been the main source of FUD over and over again, with this time some committee declaring they want a...
China bans foreign cryptocurrencies and backs its national digital yuan

INDUSTRY

Thursday, 20 May, 2021 at 11:21 GMT
Markets are witnessing a selloff in Bitcoin and price appreciation in Digital Yuan due to funds shifting towards more stable cryptocurrencies backed by large nations. ...
Ethereum’s ratio overtakes resistance

INDUSTRY

Saturday, 15 May, 2021 at 04:14 GMT
Ethereum’s value against bitcoin has risen to its highest level in three years, overtaking significant resistance at 0.08 bitcoin. The crypto has risen in a bull run since the 31st of March. Up from 0.031 bitcoin at that time to 0.0813 at the time of writing. ...
Ethereum migration from cefi to defi accelerates

INDUSTRY

Tuesday, 11 May, 2021 at 07:01 GMT
More Ethereum is leaving centralized finance (CeFi) and exchanges and entering decentralized finance (DeFi) than ever before, which could be keeping prices and demand for the asset elevated. ...
Ethereum smashes $4000

INDUSTRY

Monday, 10 May, 2021 at 07:37 GMT
Ethereum extended its rally and it traded to a new all-time high above $4,000 against the US Dollar. ETH price is showing a lot of positive signs and it is likely to climb above $4,100. Ethereum Price Rallies Further Ethereum remained well supported above the $3,750 zone. The l...

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