Chinese city Suzhou is set to airdrop 30 million yuan ($5 million) to citizens in the latest round of digital yuan tests. This was revealed by the regional government yesterday in a press release informing citizens of the distribution. 150,000 Recipients to Receive Digital Yuan The giveaway is expected to occur on Friday, with a total of 150,000 red envelopes […]

Yearn Finance has just printed $215 million worth of YFI tokens, raising their total supply from a fixed 30,000 to 36,666. This dilution follows a governance proposal with the aim of “~1/3 of minted YFI to reward key contributors and put ~2/3 of minted YFI in the Treasury under the control of the community through future proposals.” That 1/3rd currently […]

Kronoverse, the e-gaming company best known in the Bitcoin world for creating CryptoFights, has rebranded and built a new platform called FYX. FYX uses the Bitcoin SV (BSV) blockchain for players’ game records and cash rewards, and says it has created a unique experience with advantages for both players and developers. FYX will launch initially in 41 US states later […]

The world doesn’t stand still. In 2020, we can no longer imagine our life without mobile gadgets. The financial life as well. Mobile revolution means that days of staring at the computer screen is over—and trading becomes available to practically everyone. If you want to be a successful trader, you should always be on the alert, monitor open positions, and […]

During the last few months, a few reports from mainstream media (MSM) outlets tried to prove that a large sum of bitcoin is controlled by a small group of people. Recently, Bloomberg claimed that “2% of accounts control 95% of all bitcoin,” a claim that doesn’t hold weight to onchain analysts. On Tuesday, Glassnode researcher Rafael Schultze-Kraft’s latest report refutes […]

Bitcoin price started a downside correction from the $38,000 resistance against the US Dollar. BTC is holding the $36,000 support and it could rise again in the near term. Bitcoin extended its rise and it even cleared the $38,000 resistance (as discussed yesterday). The price is still trading above $36,375 and the 100 hourly simple moving average. There is a […]

Asian showbiz stars have been actively speaking about cryptocurrencies on major broadcasting networks. The Japanese pop sphere is not lagging behind, as one of its stars was featured in an interview talking about cryptos. Former Nogizaka46 Band Member Already Sold Her Crypto Holdings Nakada Kana, a former founding member of the Oricon chart-topping girl group Nogizaka46, spoke about her ventures […]

SBI VC Trade, the cryptocurrency unit of major Japanese conglomerate SBI Holdings, has extended its digital currency lending support to XRP tokens, the company announced on Thursday. The service will be offered under VC Trade Lending and will allow XRP holders to earn interest by depositing their holdings with the platforms. SBI launched its lending services last November with only […]

Opyn announced on Twitter and in a Medium post that it has just closed a Series A funding round led by Paradigm. Dragonfly Capital also participated along with backers Kain Warwick and Stani Kulechov.  Opyn will use the funds raised to develop and secure their Gamma Protocol. Also, Opyn will be looking to further decentralise the protocol and hire new team members for research and engineering roles.  “Options are a […]