Tag Archives: social

The number of digital yuan wallets in China has reportedly surged to 140 million, as 10 million of them are corporate accounts. Transactions in e-CNY reached 62 billion yuan, or $9.7 billion. Seven Times More Than in June When speaking of creating a digital version of a national currency, China’s efforts are among the most advanced globally. In recent months, the most-populated nation has launched numerous campaigns aiming to popularize the e-yuan among the locals. Following...

IGM Financial Inc., a 40-year-old Canadian wealth manager, could be next in line to launch Bitcoin and Ethereum services for its clients, suggested the company’s CEO, James O’Sullivan. Founded in 1978, IGM Financial is a large Winnipeg-based investment company with over $260 billion in assets under management. The firm’s Chief Executive Officer – James O’Sullivan – asserted in a recent interview that internal discussions have already begun in regards to adding the two largest...

Cryptocurrencies are continuing to gain traction as a payment option by businesses and governments alike. Recently, Deputy Luizão Goulart of Brazil proposed a bill to allow public and private sector workers to be paid in bitcoin. If passed, this would be the biggest national move to support digital asset adoption since El Salvador’s legal tender law. What’s in the Bill? The bold bill – proposed earlier this week – comes amidst an ongoing regulatory debate in Brazil...

Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...

Pivotal upgrades for Ethereum 2.0 have been slow but steady. While technical issues continue to bother the network, something that has dragged on for over two years, researchers have now detailed three scenarios of how Ethereum 2.0’s proof-of-stake (PoS) design could still be attacked. Don’t worry; they can be fixed too. Serious Attacks on Ethereum’s PoS design The world’s second most valuable cryptocurrency, Ethereum (ETH), has managed to notch another ATH in the early hours...

It was a very dynamic week in the cryptocurrency industry, even though it may not seem that way judging by Bitcoin’s price. And yet, we saw a lot of action in the altcoin scene, especially with memecoins and play-to-earn projects, so let’s dive in. Starting off, Bitcoin failed to produce any meaningful gains over the past week and is only up by about 0.6% throughout the period. Yet, it wasn’t exactly a smooth sail as the price dipped to $60K on Monday, only to bounce above...

Selling gold for Bitcoin (BTC) appears to be the new strategy among some investors. Jefferies’ Christopher Wood is no exception. He is now trimming his allocation to the precious metal to expand his exposure to the world’s largest cryptocurrency. Wood, who happens to be the global head of the investment banking firm, also believes traditional financial establishments such as banks should focus on blockchain and leverage the technology instead of waiting for it to cause a...

Shortly after becoming a publicly-traded company, Bakkt Holdings has announced that its customers will be able to interact with the second-largest cryptocurrency as well. Owned and operated by the Intercontinental Exchange, Bakkt Holdings is among the largest regulated cryptocurrency platforms providing Bitcoin services to its clients. Its portfolio of available digital assets will double soon, as the firm announced earlier on November 5th. Bakkt will enable its clients to...

Similarly to US investors, Australians displayed an enhanced appetite for cryptocurrency-related exchange-traded funds. Shortly after the launch of BetaShares’ CRYP, the volume went through the roof and set a new record. Understanding BetaShares’ CRYP Echoing the monumental day of the first Bitcoin Futures ETF debut on Wall Street, BetaShares Crypto Innovators ETF (CRYP) pierced through the existing record of $5.8 million within minutes as it debuted on the Australian...

SushiSwap, the popular decentralized exchange that saw the light of day last year, will enter the non-fungible token and metaverse spaces. It will do so by releasing a platform aiming to combine the best from both worlds and the initial v0 campaign will go on for ten weeks. Shoyu Comes to Life The press release shared with CryptoPotato informed that the name of the new initiative is Shoyu and the official launch date is November 3rd. This comes just five months after the...