Category: Blockchain

Ever since China strengthened the supervision of cryptocurrency mining and related trading, causing “fear, uncertainty, and doubt” (FUD) sentiment that has intensified among investors, Bitcoin (BTC) has been on the receiving end as its price continues to drop.  The leading cryptocurrency was down by 20.48% in the last 7 days to hit $31,643 during intraday

Digital Currency Group (DCG), the parent company of the cryptocurrency asset management company Grayscale, announced Monday it would buy Grayscale Ethereum Classic Trust shares with a total value of $50 million. This purchase will use realizable cash on hand of DCG and comply with the provisions of Article 10b-18 of the Securities Exchange Act of 1934

The French Central Bank, Banque de France, has completed one of its series of experiments using a central bank digital money (MNBC). According to the official publication, the experiment targeted settling listed securities and drew SEBA Bank as a partner in the experiment. Through the experiments, MNBCs were used to simulate the settlement of listed securities

India intends to impose a 2% “equalization levy” on investors on cryptocurrency trading transactions from offshore exchanges that provide services to the Indian market, citing the local media sources. Per a report in the Economic Times on Tuesday, investors may burden extra cost by paying a 2% tax on the settlement price of cryptocurrencies purchased from overseas cryptocurrency

The number of retail Ethereum holders is on the decline, as on-chain data suggests. Per Glassnode updates, the Ethereum number of addresses holding at least 32 and 100 coins have dropped to their lowest levels in 21 months and 3 years, respectively. In particular, the 100 coin holders have dropped to a low of 42,342,

Israel has already carried out a pilot test and is seriously considering implementing a CBDC of digital Shekel. In a recent conference of the Fair Value Forum of IDC Herzliya, the deputy governor of the Bank of Israel, Andrew Abir, said that the central bank has already conducted a digital currency pilot. Abir stated that

Leading American business intelligence firm MicroStrategy is not relenting in its quest of purchasing more Bitcoin, acknowledged by the firm’s CEO Michael Saylor. The MicroStrategy CEO said: “MicroStrategy has purchased an additional 13,005 Bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin. As of 6/21/21 we hodl ~105,085 bitcoins

The decentralized finance market has continued to experience a free fall as the broader cryptocurrency industry continues its bearish cycle. According to decentralized finance market analytics platform, DeFiPulse, the Total Value Locked (TVL) on smart contracts and other DeFi related DApps, has plunged to its current value at $53.86 billion from its all-time high (ATH) of $86.208

China has strengthened the supervision of cryptocurrency mining and related trading, causing “fear, uncertainty, and doubt” (FUD) sentiment that has intensified among investors. BTC/USDT plummeted nearly 10% today, as low as $32,266. China’s third-largest bank, Agricultural Bank of China, issued an announcement prohibiting bitcoin and other cryptocurrency transactions through Agricultural Bank’s services. The announcement stated that

The Digital Euro, a Central Bank Digital Currency (CBDC) being developed by the European Central Bank, has been tipped as a more secure option when compared to privately issued cryptocurrencies, particularly stablecoins. The Digital Euro’s claims offer more superior privacy protection by an ECB Board member, Fabio Panetta, who criticized the profit-making agenda of private