Changshu, a city in China’s Jiangsu Province, will begin paying its government workers in digital yuan beginning in May as the country’s central bank digital currency (CBDC) becomes more widely used. The latest news around the use of the digital yuan and government employees comes from the Communist Party of China’s publication, People’s Daily report on April 24. State-run schools, ...
With Bitcoin (BTC) testing support around $27,000 after trading in the red for the last week, with its price losing 8.76% of its value, cryptocurrency traders and investors are looking for the flagship digital asset’s next move. On April 24, crypto analyst Michaël van de Poppe predicted a rebound for Bitcoin, with the cryptocurrency expected to recover to $29,200 in ...
With the fourth month of 2023 nearing its conclusion, Shiba Inu (SHIB) has assumed a bearish trend of the general cryptocurrency market that has prevailed during the past week, and crypto traders and investors are trying to gauge the price of the dog meme crypto asset for the near future, using various tools, such as those provided by artificial intelligence ...
As the cryptocurrency sector is still on the edge of its seat, waiting for the judge to pass the final decision in the widely publicized lawsuit between Ripple and the United States Securities and Exchange Commission (SEC), regulatory uncertainty has already started to affect the blockchain company’s business and its standing with the XRP community. Indeed, Ripple’s newest product, Liquidity ...
Bitcoin’s (BTC) downward price movement appears to have come to a halt as the leading cryptocurrency aims to establish a solid foundation above the $27,000 position. This comes just days after failing to sustain gains above the $30,000 mark. Despite the downturn, pseudonymous crypto analyst El_crypto_prof in a tweet on April 23 suggested that the losses might be short-lived. According ...
Investor interest in Solana (SOL) has experienced a boost since the network launched its real-time data portal on April 21 for tracking carbon emissions from the blockchain. As evidence of this growing interest, the asset’s price has surged by almost 4% in the past 24 hours, reaching $22.13 by press time. This price movement is a welcome boost for Solana, ...
Billy Markus, the co-creator of meme cryptocurrency Dogecoin (DOGE), has issued a stark warning about the dangers of investing in the sector. In a series of tweets on April 22, Markus termed putting money in digital assets as ‘literally just investing in mental illness.’ “Investing in crypto is literally just investing in mental illness, which I suppose is on the ...
The cryptocurrency market is currently experiencing a slight downturn, with major assets such as Bitcoin (BTC) and Ethereum (ETH) losing some of their recent gains. This correction and the absence of significant market developments have made it difficult for the sector to embark on a bullish trend. However, investors should still keep an eye on certain cryptocurrencies that have shown ...
Telegram is expanding its reach in the world of cryptocurrency by introducing a new feature for peer-to-peer trading Bitcoin (BTC).  Users of the @wallet web interface can now access buy, withdraw, exchange, and make peer-to-peer (P2P) transactions directly through Telegram’s web interface in Bitcoin, as per the latest announcement from the @wallet account on April 21. This move builds upon ...
Bitcoin (BTC) and Ethereum (ETH) could be facing resistance at key round number levels of $30,000 and $2,000, with the potential for a stock market downturn with the Federal Reserve tightening into a recession that could affect all risk assets. Bitcoin and Ethereum have had a pivotal status since 2020, with definable diminishing supply and low but increasing adoption making ...
