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Defi Economy Is Recovering Faster Than Most Crypto Assets After Market Rout


Decentralized finance (defi) exchanges and tokens are recovering a lot faster than a great number of digital assets that lost more than 40% in value last week. Defi tokens like curve, kyber network, terra, hxro, and more have been seeing double-digit gains. On May 23, the defi economy’s...

European Union to Release Digital Wallet for Payments Next Year


The European Union (EU) will launch a digital wallet allowing citizens of any country in the bloc to make payments and access services provided by each state, also allowing for the storage of digital ID information. The wallet, which will reportedly be launched next year, could be tied in with...

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery


China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s...

Gold is Having Its Month While Bitcoin is Stuck in a 'Digital Copper' Phase


As bitcoin (BTC) crashed from its all-time high, gold is seeing a rally, with traditional investors returning to this metal and away from BTC - which, a banker claims, is now more similar to copper than gold. At 7:16 UTC, the price of gold is up by almost 7% in the past 30 days. It's trading...

Beijing Readies USD 6.2m Digital Yuan Trial Amid Claims Main Rival Is Bitcoin


China’s digital yuan project appears to be entering the final stages of its pilot, with yet another giveaway planned – this time in the nation’s capital Beijing. Like previous giveaways in cities like Shenzhen and Chengdu, the tokens will be distributed in a lottery – with a fortunate few residents...

Dental Clinic in Ontario to Accept Cryptocurrency for Its Services


Southdown Dental, a clinic in Mississauga, Ontario, is introducing a new payment option. Patients will soon be able to pay with cryptocurrency for its services. The dental clinic says it will take digital money for any procedure, from regular checkups to children’s braces. Canadian Dental...

Tiger Brokers and Futu to Offer Crypto Trading Services Outside China


Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. Major Chinese Online...

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