2025–2027 might still seem far away, but the Central Bank of Russia is preparing its CBDC for mass adoption by then. The Central Bank of the Russian Federation’s (CBR) central bank digital currency (CBDC) project has been developing rapidly. The first news about the initiative appeared in 2020, and a regulatory bill was introduced in...Continue Reading

China looks at Web3 as a powerful tool to challenge the United States’ technological and economic hegemony, the Animoca co-founder said. Hong Kong’s rapid adoption of cryptocurrencies and Web3 is a sign of some “big moves” happening in mainland China, a co-founder of the local game software firm Animoca believes.  The current crypto trend in...Continue Reading

Forge will have a right not only to custody the digital assets but also to purchase and sell them for legal tender, as well as to trade against each other. Forge, the subsidiary of Société Générale, France’s third-largest bank, became the first company to obtain the highest access license for providing crypto services in the...Continue Reading

Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender. Bankrupt crypto lender Celsius is battling a Chapter 11 bankruptcy with billions of dollars in claims made by various parties. A new estimate by...Continue Reading

Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins. Bitcoin (BTC) is still almost a year away from its next block reward halving, but Litecoin (LTC) miners are already bracing for impact. In less than two weeks, Litecoin’s block subsidy will drop from 12.5 LTC to 6.25...Continue Reading

NFT marketplace OpenSea has delisted a collection consisting of NFTs that represented staked Ether without any warnings. Vitalik Buterin portrait from 2014 auctioned as NFT An image of the Ethereum co-founder Vitalik Buterin taken back in 2014 is being auctioned off as a nonfungible token (NFT). The portrait was taken by Canadian photographer Andrew Miller...Continue Reading

All-time high hash rates and mining difficulty indicate that miners are bullish on Bitcoin, while recent sell-offs could be a means to hedge positions. Bitcoin (BTC) mining companies are employing derisking strategies by offloading Bitcoin to exchanges, according to a market report from Bitfinex. The cryptocurrency trading platform’s latest newsletter addresses the Bitcoin mining sector...Continue Reading

During the pre-mine period, the 61,216 Ether was worth roughly $20 million, but eight years later, it’s worth more than $116 million. A wallet address containing pre-mined Ethereum worth $116 million moved its entire stash of 61,216 Ether (ETH) to an address on the Kraken crypto exchange after being dormant for eight years. In June...Continue Reading

RFK Jr. said he will use Bitcoin to stabilize the U.S. dollar as well as make Bitcoin profits exempt from capital gains tax. Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president.  Speaking at a July 19 Heal-the-Divide PAC event,...Continue Reading

Exchange, DeFi and metaverse tokens were hit hard in the second quarter of 2023 while Bitcoin continued to make gains. The second quarter of the year has been a solid one for Bitcoin’s performance as its market dominance gained against altcoins, which “bled” throughout the quarter, according to CoinGecko. On July 18, the crypto data...Continue Reading