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” City of Shenzhen airdrops 30M in free digital Yuan to stimulate consumer spending “ According to local news outlet Shanghai Securities News, the City of Shenzhen will airdrop 30 million digital Chinese Yuan (e-CNY) to local residents in an attempt to revitalize consumer spending. The airdrop is a joint effort between the City of…
” Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH “ Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing and speeding up the impenetrable peer-to-peer network. The same holds true for the Bitcoin Lightning Network (LN). The Bitcoin Lightning Network capacity attained an all-time high…
” Investors dumping on Terra as LUNA 2 tanks 70% in two days “ The price of Terra (LUNA) has tanked around 70% since the re-launch of the Terra ecosystem via Terra 2.0 on May 28. Under the revival plan of Terraform Labs founder Do Kwon, new LUNA tokens, also referred to as LUNA 2, are…
” Market cleansing bear cycles are healthy say industry experts “ Crypto markets are undeniably bearish, but some industry insiders believe these conditions will shake out the bad actors and create greater opportunities for future participants. Traders tend to lament the negative price action and relative difficulty in executing profitable trades in bearish market conditions….
” In the Economy 3.0, metaverses will create jobs for millions “ Job creation is traditionally engineered by politicians desperate to get the country back to work and to be seen as stimulating the economy. From the job creation programs of the Great Depression to United States President Barack Obama’s American Jobs Act, employment schemes…
” F1 Monaco GP: Bybit’s Red Bull Racing NFTs, crypto-F1 partnerships, more “ Crypto has taken over the world, and Formula One was no exception to the disruption. From NFTs and fan tokens to multi-year partnerships, the crypto community continues to support the F1 landscape in numerous ways. Monaco Grand Prix 2022 saw F1’s fastest…
” What is ApeCoin and how does it work? “ The first quarter of 2022 was abuzz with the talks about ApeCoin (APE), a cryptocurrency adopted to be the native coin of Bored Ape Yacht Club (BAYC), developed by Yuga Labs. Since the ApeCoin DAO came into being in April 2021, the BAYC has been…
” Identity is the antidote for DEXs’ regulation problem “ Regulators from Europe, the United States and elsewhere are busily hammering out details on how to designate decentralized exchanges (DEXs) as “brokers,” transaction agents or similar entities that affect a transfer and cooperate with each other. The U.S. called for multinational cooperation in its executive…
” SpaceX to follow Tesla in accepting DOGE payments for merch: Elon Musk “ Just four months after EV manufacturer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his plan to extend the payment option for his space exploration company, SpaceX. Musk, the CEO of SpaceX and Tesla, has been a staunch…
” Is there a secure future for cross-chain bridges? “ The plane touches down and comes to a halt. Heading to passport control, one of the passengers stops at a vending machine to buy a bottle of soda — but the device is absolutely indifferent to all of their credit cards, cash, coins and everything…