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China Pilots Power- and Network-free CBDC Metro Payments


The Chinese city of Quingdao will pilot an electricity- and network-free digital yuan public transport payments solution, marking another national first for the central bank digital currency (CBDC). The news comes as another city in the pilot zone announced it will give away some $140,000 of CBDC...

Unleash the power of Web3 at the India Blockchain Tour Hyderabad


The India Blockchain Tour 2023 is back, and it’s bigger and better than ever before! Get ready for an exhilarating series of events happening across India’s most vibrant crypto hubs.  Presented by Bitget, the world’s most popular copy-trading exchange and powered by the NEAR...

Russian Banker Predicts End of Dollar Dominance as Global Power Shifts


Russia’s second-largest bank’s chairman has predicted the end of U.S. dollar dominance. He believes that the Chinese yuan will replace the U.S. dollar as the dominant currency. “I think that the time has come when China will gradually remove currency restrictions,” he noted, adding that...

KyberSwap introduced KyberAI, the power of technology for trading


Traders in the crypto world see changes every minute of the day. That is courtesy of volatility. However, that largely affects the way someone trades or merely attempts to gather the data for understanding. This is a problem at large that the community of Kyberians will no longer have to face....

World Token Summit: Unlocking the future: Unleash the power of tokenization


VOSTAD Labs is set to host the region’s premier Tokenization Summit on June 21 to 22, 2023, called  World Token Summit, organized by VOSTAD. Themed “Unlocking the Future: Unleash the Power of Tokenization”, the event will deep dive into bringing together founders, cutting-edge tech leaders...

Cathedra Bitcoin Unveils Plans for Off-Grid Bitcoin Mining in Texas


On Friday, Cathedra Bitcoin Inc. announced a partnership with 360 Mining, revealing plans to deploy mobile data centers and application-specific integrated circuit (ASIC) bitcoin miners at 360 Mining’s off-grid location in Texas. 360 Mining and Cathedra Bitcoin Announce Texas Bitcoin Mining...

Russian Miners Mint Crypto Worth $700 Million a Year, Mining Bill Postponed


Cryptocurrency miners in Russia have extracted digital currencies for around $700 million last year, according to a state-run fintech entity. However, the growing industry remains unregulated with the government having postponed the adoption of the respective legislation once again. Russian Crypto...

Cleanspark Bolsters Hashrate With $40.5M Purchase of 12,500 Bitcoin Miners


On June 1, 2023, Cleanspark, a publicly-traded bitcoin mining company, declared the acquisition of 12,500 Antminer S19 XP bitcoin miners for $40.5 million. The purchase is expected to raise Cleanspark’s hashrate by an extra 1.76 exahash per second (EH/s). Acquisition to Boost Cleanspark’s...

Tether Surpasses Previous Market Cap Record, Reaching $83.23 Billion


On June 1, 2023, the stablecoin issuer Tether exceeded the dollar-linked token USDT’s previous all-time market capitalization record of $83.2 billion, which was set in May 2022. In the last 186 days, USDT’s market value has surged by 27.15% from the low of $65.43 billion reached...

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