Citizens Of Three Major Cities In China Start Using Digital Yuan To Pay Taxes And Charges

People from the three prominent cities of China have started recompensing for social security, stamp duty, as well as taxes with the utilization of the CBDC (central bank digital currency) of the country, the e-CNY (digital yuan). As per a native new report, several government organizations across Zhejiang province (situated in Shanghai’s south) are at … Read more

Cardano Founder Shares His Insights Into Recent Happenings In The Crypto Space

The crypto market has been on a freefall over the past seven days, with the leading digital asset dipping to a 16-month low. Even though BTC has recovered and made some gains, it is still nowhere near its peak price, which it attained last November. However, Cardano founder, Charles Hoskinson, has shared his insights regarding … Read more

12 May Crypto Prices: Top Tokens Drop Up to 99% amid Extended Bloodbath

No digital token traded in the green amid Thursday’s early hours. Bitcoin dropped 10%, while Ethereum noted an 18% nosedive. Meanwhile, the altcoin marketplace bled severely. The crypto market suffered today as the global economy battled multiple factors. The stablecoins’ unstable algorithmic hurt sentiment in the crypto market, whereas U.S dollar-tied tokens see ‘de-pegs,’ dragging … Read more

Tezos (XTZ) Slips beneath $2.5 Previous Support Amid Continued Bearishness

Tezos price analysis reveals a pessimistic market sentiment. XTZ’s current support stands at $2.45. The alternative token trades at $2.49. Tezos (XTZ) is among the multiple alts that suffered severely during the latest market-wide crash. The token dropped more than 3% within the previous day, currently trading beneath the $2.5 level. Meanwhile, the altcoin exhibited … Read more

Dogecoin, Chainlink, FTX Token Price Analysis – May 10, 2022

Top cryptos, Bitcoin and Ethereum, failed to regain vital levels following colossal liquidations. While writing this content, BTC changed hands beyond $31K, while Ethereum trades near the $2.4K level. For now, the crypto market attempts recoveries from the latest bloodbath. The ongoing bearishness had alts such as DOGE, LINK, and FTT gravitating toward yearly/monthly lows … Read more

Goldman Sachs Begin Offering First BTC-backed Loan

Goldman Sachs has launched its initial BTC (Bitcoin)-supported loan, as included in a prominent move toward the organizational crypto adoption across Wall Street. Bloomberg was told by a Goldman spokeswoman that the banking institution (that operates in several countries) has lent cash which is collateralized by BTC in the possession of the borrower as the … Read more

Eurosystem And ECB Start Digital Euro Customer Interface’s Experimental Prototyping

The digital euro’s development will continue as the Eurosystem and ECB (European Central Bank) have started pursuing firms to take part in a project for the prototyping of payments services for consumers. the providers of payment services, banks, as well as the rest of the relevant firms were requested to speak their interest in the … Read more

Polygon (MATIC): Why Investors Need to Consider These Potential Outcomes

Polygon (MATIC) maintained a long-term surge as it printed a 6-month-long rising wedge and touched its all-time high on December 27. However, the landscape changed as the alt saw downtrends while presenting a discouraging relationship with the Exponential Moving Average ribbons. As the prevailing plunging wedge drop nears the long-term footing at $0.961, bulls would … Read more

Bitcoin Fear & Greed Index in ‘Extreme Fear’ Amid Extended Bloodbath

Bitcoin’s landscape sees extreme fear again after the latest retracement, which data suggests whales are behind the downside spiral. The Fear & Greed index plummeted into the extreme fear region as Bitcoin declined. Moreover, the metric never explored such poor conditions since late January, when the bellwether crypto plummeted to $33,000. Fear in Front Seat … Read more

City Of Forth Worth Has Become the First City In the US To Mine BTC

What's the Difference Between Mining and Minting Coins?

Texas’s crypto-friendly city Fort Worth will commence with Bitcoin mining by utilizing three mining rigs of Bitmain Andminer S9 that are donated on the behalf of the Texas Blockchain Council. The city mayor is of the view that mined Bitcoin could offset the operational charges, which will be a part of the balance sheet of … Read more