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Chinese Ride Sharing Giant Didi Chuxing Rolls out Digital Yuan Services


China’s ride-sharing giant Didi Chuxing has unveiled a new digital yuan service that will let citizens in 250 parts of the nation use their CBDC coins to rent motorcycles. Per the Xi’an Business News Network, the move involves the Didi Chuxing affiliate Didi Qingjue, which operates...

Ledger Debuts Cloud-based Private Key Recovery Tool Despite Previous Backlash


Popular hardware wallet company Ledger has launched a cloud-based private key recovery tool called 'Ledger Recover.' According to the official X announcement on October 24, Coincover, a renowned blockchain protection platform, designed the recovery tool. Ledger Recover will provide users an entry...

NFT Sales Spike 12.62% Higher Than Last Week, Breaking Two-Month Downturn


Parsed data from the week spanning October 14-21, 2023, reveals an upward trend in non-fungible token (NFT) sales, with a 12.62% surge from the previous week. Both buyer and seller participation swelled, by 15% and 17% respectively, resulting in approximately $70.51 million in NFT transactions....

NFTs Can’t Catch a Break as Protracted Drop in Sales Continues


For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week. NFT Sales Bleed Out: The Unrelenting Seven-Week Descent Although the broader crypto market...

Uptober Begins: Bitcoin’s Rally Sparks $40K Hopes; Yet $20K Threat Lingers


The price of bitcoin (BTC) has risen 6% over the previous 30 days, pushed higher by factors such as its finite availability and growing investor confidence, according to this week’s Bitfinex Alpha report. Moreover, on October 1, a popular cryptocurrency trader suggested that $40,000 could...

NFT Sales Slide for Third Consecutive Week Amid Crypto Downturn


Sales of non-fungible tokens (NFTs) have taken another hit, declining over 10% from the previous week, with transactions totaling $85,046,840 since Saturday, August 26, 2023. This marks the third consecutive week of falling NFT sales, reflecting the broader crypto economy’s downturn and...

Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use


Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates...

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