Many consumers prefer to use online payment tools such as Alipay and WeChat Pay. The digital yuan is fraught with privacy concerns as it incorporates elements of blockchain technology so transactions are all theoretically traceable. China’s digital yuan, also known as e-CNY, is failing to catch on during a trial …
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This significant shift marks a positive change in investor sentiment following weeks of stagnant or negative growth across various cryptocurrency assets. First Inflows in 5 Weeks Totalling $130 Million This resurgence in investment activity is largely attributed to inflows in Bitcoin, which garnered about $144 million last week. This aligns …
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This week in prediction markets: Polymarket is giving both Donald Trump and Joe Biden a 45% chance of winning the U.S. presidency – with former first lady Michelle Obama at 5% and wild card Robert F. Kennedy Jr. at 3%. Bettors aren’t decided on who is going to control the …
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Quick Take El Salvador has taken a significant step towards transparency in its Bitcoin adoption journey. The National Bitcoin Office (ONBTC) of El Salvador has unveiled its Bitcoin treasury holdings. The ONBTC tweeted, “El Salvador now has its own mempool space where anyone can check out our bitcoin treasury holdings.” …
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Zest Protocol uses the Nakamoto upgrade by Bitcoin layer-2 Stacks and bridging asset sBTC. Projects like Zest are attempting to use layer 2 networks such Stacks to bring DeFi features to Bitcoin that are prominent on other chains like Ethereum. Binance CEO Calls on Nigeria to Release Detained Executive; Galaxis …
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This confrontation underscores the regulatory complexities facing stablecoin issuers and the intense competition within the cryptocurrency sector. Tether CEO Confronts Ripple’s Brad Garlinghouse Over FUD Paolo Ardoino responded to Garlinghouse’s comments by taking to social media. He accused people of spreading “fear, uncertainty, and doubt” (FUD), particularly as Ripple prepares …
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Even after a short rise, BTC is still trying to break $64,000 in the downtrend. Analysts warn that failing to retake this level might plummet below $52,000. However, the market has mixed views regarding Bitcoin’s prolonged consolidation phase. Here’s one analyst who sees a long-term prospect in Bitcoin. Insightful analysis …
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Paolo Ardoino, CEO of Tether, has responded to Ripple CEO Brad Garlinghouse‘s claims that the US government was targeting the company, the issuer of the largest stablecoin USDt. During the weekend, reports emerged that Garlinghouse had suggested that a US government’s scrutiny of Tether could significantly affect the crypto industry. …
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The Central Bank Digital Currency (CBDC) was introduced through a pilot program initiated in 2019, targeting public sector employees in cities like Suzhou. However, despite these efforts, the digital yuan has not gained widespread acceptance among the general population. Why Chinese Citizens Prefer Converting CBDCs Into Cash Sammy Lin, an …
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The expansion of the top three stablecoins, USDT, USDC and DAI, a powder keg used to fund token purchases, has stalled since the bitcoin halving. A potential soft U.S. CPI print on Wednesday may revive inflows into the market. China’s plan to step up fiscal support to the economy may …