On Friday, the Chinese Central Bank declared cryptocurrency activities illegal in the country and vowed to crack down on all cryptocurrency activities within its boundaries yet again.
Apart from the ban on mining, China has extended its crackdown to cover all information and financial services related to crypto.
US stocks continued to gain on Thursday as the Fed decided not to play around with the stimulus for now. Also, fears of the bankruptcy of China’s Evergrande Group have subsided for a while.
As part of the Tips feature, Twitter makes it easy to tip social media creators while paying in Bitcoin using the Strike Bitcoin Lightning Wallet.
Bitcoin price is still trapped in a recent dip that saw the asset shed over 11% in the past 30 days.
However, some believe that the stock futures rise and stagnant interest rates might spur the Federal Reserve to discontinue the ongoing stimulus checks.
The Federal Reserve has hinted that it will soon start tapering its bond purchase program. However, for now, it has kept the interest rates at zero.
After the strong success with NBA Top Shot, Dapper Labs plans to enter into the football fantasy gaming market by partnering with Spain’s top soccer league, La Liga.
Since the dollar is important globally, it is essential that the Fed remains fully engaged in CBDC research and policy development. The Fed will release the results of its CBDC research very soon.
The China Evergrande debt situation further develops as the embattled firm faces key upcoming bond interest payments scheduled for tomorrow.
In an SEC filing, Uber expects to report $22.8 billion to $23.2 billion in gross bookings for the current quarter, adjusted from the $22 billion to $24 billion it predicted on its second-quarter earnings call.
DraftKings is making a $20 billion offer to acquire Entain online betting company in the company’s stock alongside cash.
Universal Music Group went public by listing on the Euronext Amsterdam stock exchange on Tuesday.
Revolut has a lot to gain from the stock trading offering in the United States, as more people are getting increased education to commit their funds to work for them as traditional investment options are no longer attractive.
The potential Evergrande loan difficult seems to be loosening its grip on Bitcoin and crypto market as assets are now attempting recovery.