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...

Cardano Founder Joins Peter Schiff: Shocking ETF Concerns

You are here: Home / News / Cardano Founder Joins Peter Schiff: Shocking ETF Concerns Cardano founder Charles Hoskinson has surprisingly backed Peter Schiff, a prominent financial commentator and outspoken Bitcoin critic, who has once again sparked controversy in the cryptocurrency community. This time, Schiff criticized Bitcoin exchange-traded funds (ETFs), arguing that they compromise Bitcoin’s fundamental principles. Schiff’s argument is rooted in the belief that Bitcoin ETFs dilute Bitcoin’s decentralized...

What the BTC bulls won’t tell you

Homepage > News > Business > What the BTC bulls won’t tell you Last week, CoinDesk reported that BTC spot ETF inflows hit $1.7 billion, meaning they now control nearly $100 billion, totaling more than 5% of BTC’s market cap. For bullish traders, this is undoubtedly a good sign. However, there are a few things the attention-grabbing headlines and stories of untold riches to come won’t mention. In the long...

Qubetics Could Hit $15: The Best Altcoin to Invest in Right Now for Explosive Growth as Tron Shows Stability at $0.32 and Theta Innovate

You are here: Home / News / Qubetics Could Hit $15: The Best Altcoin to Invest in Right Now for Explosive Growth as Tron Shows Stability at $0.32 and Theta Innovate Investors constantly search for projects with massive growth potential in this dynamic environment. With new projects emerging regularly, it can be tough to identify which ones stand out. Among the vast landscape, three altcoins are creating a buzz right...

German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure

A “German Government (BKA)” labeled cryptocurrency wallet has sold another $900 million worth of Bitcoin, sparking fears that the related selling pressure will push the BTC price lower.  According to onchain data from Arkham Intelligence, the wallet associated with the German government transferred a total of roughly 16,309 Bitcoin BTC $59,442 in multiple transactions to various external addresses on July 8. This marks its largest single-day Bitcoin liquidation. Some transfers...

NFT Sales Down $2 Billion in Second Quarter

By Philip Maina 1 month agoMon Jul 01 2024 11:22:47 Reading Time: 2 minutes NFT sales dropped by almost $2 billion in Q2 2024 compared to Q1 The sales plummeted from$4.1 billion to $2.3 billion which is almost a 50% decline within three months The decline is attributed to dropping crypto prices The turmoil experienced in the crypto market scene in the last three months spilled over to the NFT...

Trump picks former regulator and crypto booster Paul Atkins to lead Securities and Exchange Commission

President-elect Donald Trump has tapped Paul Atkins, an experienced financial regulator and self-proclaimed libertarian, to chair the Securities and Exchange Commission.  Trump’s choice of Atkins, which he announced on Truth Social comes two weeks after the current SEC chair, Gary Gensler, said he would step down on Jan. 20 on the last day of President Biden’s term. With this selection, Trump continues to make good on his promise to support...

Senator Cynthia Lummis’s Bitcoin Bombshell: Could Crypto Replace Gold in the US Treasury? What To Expect?

In a recent video, Aaron Arnold from Altcoin Daily discusses a major proposal: Senator Cynthia Lummis’s Bitcoin Strategic Reserve bill. This plan could make Bitcoin a key asset for the US Treasury, potentially improving the US economy and its position on the global stage. The next few months could be crucial. Read about why Lummis’ bold initiative matters! Why Lummis’ Proposal is a Big Deal The next few months could...

Spain’s Fan Token (SNFT) Takes Dive despite Euro 2024 Victory

Typically, fan tokens have been found to experience massive gains before a sports tournament kicks off. Spain is the newest European champion after beating England on Sunday to become the winner of the just-concluded UEFA tournament. However, while the nation continues to bask in the euphoria of clinching a record fourth European Championship title, the national team’s official cryptocurrency, the Spain National Fan token (SNFT), has shown no positive reaction...

AIOZ Gains 27% with New AiPets and W3S NFT Integration

DePIN project AIOZ has burst into the top 100 cryptocurrencies by market cap after a huge week of growth. The project’s market cap soared past US $1.3b, with AIOZ’s price hitting its highest point since way back in 2021. AIOZ’s recent surge is in no small part due to a new partnership with AiPets, the Web3 game combining a Tamagotchi with artificial intelligence.   AIOZ will utilise its W3S network of...