Starbucks and McDonald’s are among the many retail companies that will allegedly support digital yuan payments in Xiong’an, one of four pilot program locations. Rumors are surfacing of an upcoming real-world test of the proposed Chinese digital yuan currency. According to Chinese publication Interchain Pulse, a promotion conference was held on April 22 in the […]
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The crypto exchange OKEx’s CEO, Jay Hao, talks the future of OKEx and the crypto sector, CMC’s acquisition by Binance and his favorite books. Jay Hao, the CEO of the digital asset exchange OKEx, took part in Cointelegraph China HUB, an online interview column started by Cointelegraph China. In the past, Hao has stated that […]
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A delicate balance for Bitcoin price could still resolve in any case, says Delphi Digital as markets navigate a unique environment pre-halving. Bitcoin (BTC) is flipping its 50-day moving average (MA) to support and eyeing $7,200 for a “potential breakout,” a new report has concluded. Published on April 22, Delphi Digital’s latest market report concluded […]
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Sony has developed a blockchain system for rationalizing services such as trains, buses, taxis, car-sharing and on-demand rental bicycles. While many nations remain at a near-standstill due to the COVID-19 pandemic, major players in tech are continuing to develop innovative infrastructure for when we get moving again. Sony announced on April 23 that it has […]
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Smart contracts on the Ethereum network are up almost 3x from the previous month to nearly 2 million, while deployment costs for the network are at a low. The number of smart contracts deployed on the Ethereum network reached 1,971,632 in March, hitting a new all-time high and marking a 75% increase from the previous […]
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Following a mixed reaction to Binance’s acquisition of CoinMarketCap, CZ has requested community suggestions for improvements to the crypto data aggregator. Following Binance’s recent acquisition of CoinMarketCap, the exchange’s CEO and founder, Changpeng Zhao (CZ), has asked the crypto community what changes they would like to see made to the popular and controversial crypto market […]
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Entrepreneur Alex Mashinsky thinks a bet on Bitcoin in the current financial crisis is a bet “that the deflationary pressures will win”. Alex Mashinsky, chief executive officer (CEO) of cryptocurrency lending platform Celsius Network, thinks Bitcoin (BTC) hasn’t become enough of a non-correlated asset for investors to turn to it in the current financial crisis. […]
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New research suggests Tether Treasury is not pumping Bitcoin’s price, contrary to popular belief. Stablecoins are not driving up the price of Bitcoin and other cryptocurrencies, according to a new study from the Centre for Economic Policy Research. Academics Richard K Lyons from UC Berkeley and Ganesh Viswanath-Natraj from the Warwick Business School looked at […]
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DeFi platform PegNet appears to have suffered a 51% attack in which four of the network’s top miners fraudulently created $6.7 million in stablecoins. Drama continues to plague decentralized finance (DeFi), with Factom-based stablecoin network PegNet appearing to suffer a 51% attack that resulted in $6.7 million worth of the USD-pegged stablecoin pUSD being fraudulently […]
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CoinMarketCap is now using an automated crypto payments system to raise invoices and receive funds. CoinMarketCap (CMC) has deployed a totally automated digital currency payments solution, from finance network Gilded. Gilded Chief Operations Officer (COO) Neal Roche told Cointelegraph the automated approach solved a lot of issues currently facing crypto invoicing and payments: “Most companies, […]
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