Crypto News Center

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao Qian, a leading architect of the e-CNY, over cryptocurrency-related bribery allegations, has intensified scrutiny of its rollout. While cumulative transactions reached 7 trillion yuan ($968 billion) by June, the yuan’s global usage remains modest...

Bitcoin Is Flying High—These Countries Are Considering a National Reserve

Some countries are mulling a national Bitcoin reserve amid a historic market run-up that has pushed the world’s largest cryptocurrency to new heights in recent weeks. United States President-elect Donald Trump and his allies have repeatedly thrown their support behind a bill to stock the Federal Reserve with the asset, and will soon be in position to potentially make that a reality. Government officials in Brazil have also put forth...

Get Wealthy by Election Day: Top 5 Altcoins to Invest in Right Now

The crypto market remains calm and is on the verge of a potential bull run. Altcoins are still at an attractive entry point, gradually rising and poised for a significant breakout. Investors are on the lookout for opportunities to maximize returns before Election Day. This article dives into the top 5 altcoins that are ready for remarkable growth. Amidst the market’s stability, these coins offer promising investment prospects. Discover which...

Lego Says It Will Never Make Digital-only Products

By Mark Hunter 4 days agoFri Aug 09 2024 08:14:52 Reading Time: 2 minutes Lego has confirmed that it will never go ‘digital only’ and has maintained a focus on linking digital creations to its physical brick products The company has teased an NFT collection in 2021, but it has not materialized Lego has emphasized a hybrid model of physical and digital play to align with its core values Toymaker...

Binance, Coinbase come under scrutiny after latest CEX listing fee debate

Journalist Share this article Simon Dedic accused Binance of charging high listing fees Industry leaders have made similar claims against Coinbase in the past A recent revelation from Simon Dedic, CEO of Moonrock Capital, has ignited a debate over the costs and accessibility of centralized exchange (CEX) listings.  In a post on X, he recounted a conversation with a “Tier 1” project that had raised nearly nine figures, only to...

Best Crypto Trading Apps with Copy Trading

Searching for the perfect crypto trading app can feel like looking for a needle in a haystack. Surprisingly, more than half of all traders now lean towards platforms that feature copy trading. After a thorough exploration, I’ve identified the top apps for crypto trading that offer this transformative feature. This guide will walk you through selecting the ideal one to match your strategy. Let’s explore them together. Key Takeaways Top...

Okx Says Accounts Interacting With Tornado Cash Will Be Closed

According to the CEO of the cryptocurrency exchange Okx, users are now barred from account interacting with Tornado Cash and Garantex. In a post on social media, the CEO said any Okx accounts receiving deposits from sanctioned entities, including Garantex and Tornado Cash, will trigger compliance risk control, ultimately leading to account closure. Similarly, any Okx user withdrawing funds to these entities will face the same fate. However, the CEO...

AvaTrade Changes F1 Strategy: Inks New Sponsorship Deal with Max Verstappen’s Team

FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech,...

Trump officially appoints Paul Atkins as SEC Chair

Trump announces Paul Atkins as SEC Chair pick, highlighting digital assets and innovation as key priorities. Photo: Bloomberg Key Takeaways Donald Trump nominated Paul Atkins as the new SEC Chair through a Truth Social post. Atkins' appointment is significant as the SEC focuses on regulatory frameworks for digital assets. President-elect Donald Trump officially confirmed the nomination of Paul Atkins to serve as the next Chairman of the SEC through a...

Solana (SOL) Price Shows Signs of Consolidation After Reaching a New All-Time High

Solana (SOL) price is currently 12% below its all-time high, which was reached on November 22. Despite this recent pullback, SOL remains one of the year’s top performers, boasting an impressive 275.85% gain year-to-date. Recent technical indicators, including the BBTrend, DMI, and EMA lines, suggest the market may be entering a consolidation phase. This could set the stage for SOL to test key support and resistance levels as it seeks...