Cryptocurrency Analysis and News Portal
Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.According to a Feb. 6 report in the Global Times, an English-language outlet of the state-ran People’s Daily newspaper, around
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Authorities from the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) sector to “promote the healthy development” of the sector and to stomp out fraud and other associated risks. In a separate announcement, the People’s Bank of China (PBoC) also announced that it
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Bitcoin (BTC) faced a potentially volatile day on Jan. 18, with multiple macro triggers beginning to unsettle the outlook.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBoJ refuses to hikeData from Cointelegraph Markets Pro and TradingView showed BTC/USD holding firm above $21,000 on the day. The pair remained cool amid news from
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While existing users Casper Network and GameSwift have been enjoying unique offerings from their individual ecosystems, the partnership of both networks will offer additional value that will greatly improve their gaming experience.GameSwift, a Web3.0 gaming ecosystem and infrastructure service provider has announced it has entered into a strategic partnership with
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New York banking powerhouse Morgan Stanley has posted its Q4 2022 financial report, which reveals mixed results.Morgan Stanley (NYSE: MS) recently posted its Q4 2022 earnings report, surpassing consensus estimates. The New York-based banking giant received a significant boost in its latest quarterly bottom line from record wealth management revenue.For Q4 2022,
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Several nations trying to adopt CBDCs have maintained that digital currencies should only complement cash rather than outrightly replace them.Andrew Bailey, the Bank of England (BoE) governor, has shared his thoughts on the idea of the country’s central bank digital currency (CBDC) – the digital pound. Bailey believes that there
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Cardano joins Polkadot in offering the framework, which allows developers to experiment with niche applications in a live environment without compromising the main network. Sidechains can increase the transaction capacity, enabling more data to be processed without increasing the risk of network downtime. Source
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The Polygon ecosystem has grown exponentially in the past year with over 207 million unique addresses, and more than 2.3 billion processed transactions.Polygon (MATIC) network, an Ethereum scaling solution, has announced a hard fork scheduled for January 17 to reduce the severity of gas spikes and address chain reorganizations (reorgs)
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Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications.The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet platforms and
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During the first week of the new year, Bitcoin’s hashrate reached an all-time high (ATH) on Jan. 6, 2023, at block height 770,709. The network recorded a milestone of around 361.20 exahash per second (EH/s) on Friday, jumping more than 4% higher than the previous record of 347.16 EH/s recorded
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