In Zhejiang province, China, a criminal gang exploited digital yuan accounts to illegally cash out over 200,000 yuan ($27,566) within four days. The digital yuan, or e-CNY, is the People’s Bank of China’s (PBOC) central bank digital currency (CBDC), which has experienced substantial growth in usage. Adoption has reached 260 million wallets across 25 cities,…
Bitcoin’s price movements for the past few days have been quite painful as the asset slumped to $65,000 yesterday for the first time in about a month. Despite recovering from their lowest positions as well, the altcoins are also deep in the red, with NEAR, FIL, and FET dumping the most. BTC’s Rollercoaster Continues The…
A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology.…
TL;DR Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are expected to stay dominant in 2024 due to their strong recognition and ecosystems. However, many contenders could steal their thunder this year, assuming certain factors are in place. Starting With the Leaders Meme coins have been crypto’s rock stars during this bull cycle, with…
The cryptocurrency world is perpetually on the edge of innovation, with enthusiasts keenly watching for the next major development. TRON continues to hold a pivotal role in the decentralised finance (DeFi) arena, and Dogecoin is making strides through its new integration with the X payments system. Meanwhile, BlockDAG has soared into the spotlight following its…
After the US Securities and Exchange Commission made history earlier this year by approving almost a dozen spot Bitcoin ETFs, all eyes in the community turned to the next digital asset in line – Ethereum. While the landscape didn’t look promising at first, it changed several weeks ago when, somewhat surprisingly, the agency greenlighted eight…
Global asset management firm Alliance Bernstein’s analysts predict that the price of bitcoin could soar to $200,000 by 2025, $500,000 by 2029, and an astounding $1 million by 2033. “We believe bitcoin is in a new bull cycle,” they said. Bullish Bitcoin Price Prediction Bernstein analysts Gautam Chhugani and Mahika Sapra shared their bitcoin price…
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks…
Staking in MoonBag presale is live! Yes, you heard it right. The wait is finally over. Investors can now commence staking in MoonBag presale and earn 88% APY on staking with MBAG. Compared to the APY of BitBot and Dogecoin, the monkey-powered meme coin offers 88% APY with MoonBag staking. Get your hands on the…
Stand With Crypto UK has published a manifesto outlining steps for the UK to establish itself as a global leader in fintech, digital assets, and tokenization. “We believe the next government should take meaningful steps to position the UK as a global hub of digital assets, tokenization and fintech,” said Coinbase. Stand With Crypto Publishes…