Chinese Investors Cash Out CBDC Digital Yuan for Real Money
Analysts says that the major reluctance towards using digital yuan in China is because the CBDC doesn’t provider absolute privacy to its users.
This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
Analysts says that the major reluctance towards using digital yuan in China is because the CBDC doesn’t provider absolute privacy to its users.
The sales activity for the collection surged around mid-February, with the number of sales per day hitting 439.
Per the announcement, users can already select Wallet in the Notcoin app to claim NOT tokens.
Amidst the recent market downturn, which resulted in over $130 million being liquidated, the crypto market’s current market capitalization is approximately $2.26 trillion.
Nick Carr, chief strategist at Stand With Crypto, says their goal is to support politicians who support the crypto community’s rights.
The Komodo exec said the UAE is doing a lot more than the US is, to facilitate crypto adoption by supporting businesses.
Many crypto traders believe that the iPhone maker’s brief acknowledgment of the software has propelled the recent surge in RNDR.
Telegram-backed Toncoin (TON) has been the best-performing top-ten crypto project in the past few weeks.
Kraken contends the SEC interpretation of the Howey Test and asks the court to dismiss the case against the exchange.
Meanwhile, FTX is still offloading more of its stake in different companies. After receiving the court’s approval, the firm offloaded two-thirds of the holdings in Anthropic for $884 million.
The deadline for most BlockFi customers to withdraw their crypto holdings was April 28, 2024. But the company is now offering a way for those who missed the first chance.
The proposed law by Taiwan’s Executive Yuan is designed to curb fraud and regulate money laundering among crypto organizations.
The VanEck’s MarketVector Meme Coin Index tracks top six meme coins of the respective sector, with an 89% weightage of the entire meme coin sector.
ESMA wants feedback by August 7, 2024, about whether UCITS can include assets other than traditional stocks and bonds.
Financial experts have often pointed out that meme coins, cryptocurrencies inspired by internet memes, do not serve a useful purpose and rely heavily on social media trends to gain popularity. The recent price swings involving BODEN support this criticism.