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Taiwanese Central Bank to Test CBDC, Not Race to It
8.7.2024
Taiwanese Central Bank Governor Yang Chin-long stated that the development of digital currency (CBDC) is not an international competition, and being the first to launch does not guarantee success. He disclosed that the Central Bank of the Republic of China (Taiwan) will conduct three scenario tests...
First Digital Debt Offering Fails to Get Traction in El Salvador
7.7.2024
The first digital debt offering registered in El Salvador has reportedly failed to gather the necessary interest to continue. The issuance, intermediated by Bitfinex Securities to build a Hilton hotel at El Salvador International Airport, raised $342,000 from interested investors, less than...
July Slump for Bitcoin: What Historical Trends Reveal About Upcoming Months
7.7.2024
Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming...
Taiwan central bank says no rush for CBDC launch
7.7.2024
The central bank mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds
Taiwan central bank says no rush for CBDC launch
7.7.2024
The Central Bank of the Republic of China mentioned handling government tenders through special purpose tokens to improve operational efficiency using smart contracts for bids and performance bonds
North Carolina Governor Vetoes Bill Banning State Use of Central Bank Digital Currencies
7.7.2024
The governor of the U.S. state of North Carolina has vetoed House Bill 690, which seeks to ban state payments using central bank digital currencies (CBDCs) and the state’s participation in the Federal Reserve’s CBDC testing. The governor argued the bill was premature and emphasized...
NFT Sales Rise 8% Higher Amid Broader Crypto Market Downturn
6.7.2024
Over the past week, non-fungible token (NFT) sales have increased despite the significant decline in the broader crypto market. Approximately $109 million in NFT sales were recorded, marking an 8.1% rise from the previous week. NFT Transactions Surge 45.57% as Weekly Sales Hit $109M NFT sales...
US Spot Bitcoin ETFs Attract $143 Million in Inflows Amid BTC Price Drop
6.7.2024
U.S. spot bitcoin exchange-traded funds (ETFs) saw their first day of inflows following two days of outflows. The 11 funds garnered $143.1 million during Friday’s trading sessions, closing out the week on a positive note. Friday’s ETF Action Bounces Back After 2 Days of Outflows...
Bitfinex to refund investors of its failed El Salvador Hilton hotel project
6.7.2024
Bitfinex intends to refund all investors but is firstly awaiting a potential new offer from the debt issuer to keep the project alive
Taiwan Mobile receives VASP license, entry to crypto market
5.7.2024
Taiwan’s second-largest telecom has found a way into the crypto market, bring resources and experience with it
Grayscale Ethereum Trust Hits Premium for First Time Since 2021
5.7.2024
Grayscale’s Ethereum Trust (ETHE) has shifted from a discount to a premium in its net asset value (NAV) for the first time since November 2021, as reported by ycharts.com metrics. This adjustment comes just before the expected debut of spot ether exchange-traded fund listings expected...
Crypto Crash Pushes Fear & Greed Index to Lowest Since Bitcoin Traded at $17K in Early 2023
5.7.2024
The widely-followed sentiment metric hit extreme greed levels earlier in March near the local top of the crypto market, but now is pushing its limits in the opposite direction
CoinDesk 20 Performance Update: Index Plunged, With All 20 Assets Declining
5.7.2024
The CoinDesk 20 Index dropped by 5.7% today, with every asset posting losses and LTC and ATOM leading the declines
Germany’s BTC Wallet Sees Inflows, Mt Gox Moves Billions, US Gov Transfers $13.6M Unnoticed
5.7.2024
Approximately 14 hours ago, the German government sold roughly $175 million worth of bitcoin, reducing its holdings to about 40,359 BTC. However, recent activity has increased the total back to 41,226 BTC. German Bitcoin Divestment Followed by Inflows From Major Exchanges This movement, along with...
Mt Gox Trustee Transfers $2.7B in Bitcoin, Creating 19th Largest BTC Wallet
5.7.2024
On Thursday, the trustee overseeing the Mt. Gox bitcoins transferred about 47,228.73 BTC to an undisclosed address. The transfer, valued at approximately $2.7 billion, leaves Mt. Gox with around 141,687 BTC worth nearly $8.1 billion. This significant transaction came after several test transfers...
Tangem introduces Visa-integrated crypto wallet for secure payments
4.7.2024
Self-custodial crypto wallet provider Tangem has developed a new wallet integrating direct payments through Visa
Nigerian SEC mandates local offices for crypto firms
4.7.2024
The requirement also states that applicants must report customer complaints and emergent risks and be subject to SEC inspections, audits, and monitoring
NFT Expo Dubai: A Global Confluence of Innovation in Digital World
4.7.2024
The much-anticipated NFT Expo Dubai 2024 will take place in Dubai on September 11 and 12, 2024, at the Festival Arena, Festival City. This premier event is expected to host over 12,000 visitors, more than 40 speakers from leading industries, over 100 pioneering companies, and representatives from ...
Opera’s Minipay Expands Stablecoin Support: Adds USDC and USDT to Its Digital Wallet
4.7.2024
Minipay, an integral feature of the Opera Mini browser, has announced a significant upgrade with the introduction of ‘Pockets’. This new feature now supports USDC and USDT, two of the most widely used stablecoins, thereby enhancing its existing digital asset management capabilities....
‘Buy the dip’ mentions on social platforms surge as Bitcoin stumbles
4.7.2024
Mentions of “buy the dip” on Reddit, X, 4chan and Bitcoin Talk doubled over the last two days as Bitcoin has fallen to lows unseen in months