Opinion

For some time now, OnePlus has been trending ahead of its new Nord smartphone launch. The company has recently expressed interest in venturing into crypto through a recent survey conducted regarding blockchain research. The Survey Details The China company ran a survey to receive input on what their customers had to say about cryptocurrencies. Titled 'OnePlus Block Blockchain Research,' they questioned the use of platforms like Gemini, Binance, Coinbase, and Robinhood.  Just from the name of the survey, it is…

According to Reuters, the People’s Bank of China (PBOC) is set to issue 40 million renminbi ($6.2 million) to Beijing citizens in the latest trial for the digital yuan (e-CNY). The giveaway will take the form of a lottery, where the bank will hand out 200,000 virtual red envelopes, each containing 200 yuan ($31.30).  Residents of the Chinese capital wishing to participate in the trial must register in a lottery system integrated into a mobile app run by the Bank…

The cryptocurrency investment community was relieved late on Monday after the Reserve Bank of India told banks not to cite a 2018 central bank circular as a reason to set back crypto trades.  The 2018 note had forbidden banks from facilitating such transactions but has since been abolished by the Supreme Court. The regulatory body said that banks must continue with other routine due diligence measures on the deals. The RBI order comes after local media reports that financial firms,…

Creditors of the infamous Mt.Gox crypto exchange may soon have something to smile about. This follows an invitation for them to vote on a Draft Rehabilitation Plan for the defunct exchange.  In a May 31st notice to the exchange's victims, Mt.Gox's Rehabilitation Trustee Nobuaki Kobayashi announced the start of the voting process that could see them recoup part of their funds. The move follows a February 22 Tokyo District Court order okaying the process.  Earlier, Mr. Kobayashi had sought the…

The crypto market has experienced increased volatility this month, with BTC slashing half of its gains amidst a broader market selloff. Other top crypto assets such as ETH and ADA also struggled to hold on to recent gains, leaving investors debating whether the bulls can pull off an upset and propel prices higher. The recent bloodbath in the crypto markets resulted in $1.69B of stablecoins being withdrawn from derivative exchanges, as per data from CryptoQuant. Lex Moskovski, the Chief Investment…

A former central bank official stated on Sunday that tracking the payments of citizens was never China's motivation for developing a sovereign digital currency. China is dominating the world in developing a national digital currency, a project it has been working on since 2014. The People's Bank of China (PBOC) has been cutting edge on the digital yuan, a so-called central bank digital currency (CBDC) that targets to replace some cash in circulation. According to data from Singapore bank DBS,…

For the past two weeks, top headlines from the crypto space have been on the Chinese crackdown on cryptocurrencies and Bitcoin mining. The country has embraced the technology underpinning bitcoin and has ambitions to implement its digital yuan managed by its central bank. China is now attempting to push its cryptocurrency activities forward.  On the other hand, Beijing is trying to ban crypto mining since they require vast amounts of electricity, often from coal-fired power stations, while the country has…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,525 trillion. Bitcoin is up by roughly 6% after a turbulent week. Ethereum is up by more than 23% over the past seven days. XRP has increased by 22% over the week. Binance Coin and Cardano benefit from value boosts north of 30% The DeFi sector gained almost $7 billion in total value protocols…

The Binance smart chain was launched in September 2020 due to an increasing need for a reliable smart-contract platform. It runs parallel to the Binance chain, which launched in 2019.  All smart contracts launching on the Binance smart-chain network take the BEP format, i.e., BEP-20 for Defi-related smart contracts.  The Binance smart chain has helped many crypto projects by providing a hub for their services. Top ones like PancakeSwap, IDEX, Chainlink, and around 33 others have enjoyed the various benefits…