Hong Kong to Start Trialing its Version of The Digital Dollar This Year
China’s special administrative area of Hong Kong will test a digital version its dollar in the early part of this year. This is to prepare for eventual rollout.
Fed Rate Hike Causes Crypto Stocks to Rally
Cryptocurrency-exposed stocks rose along with bitcoin and ether following the Federal Reserve’s announcement Wednesday to boost the interest rate 75 basis points. After the Federal Reserve’s announcement of a 75 basis point increase in the interest rate, crypto-exposed equities surged from their daily lows on Wednesday. Cryptocurrencies also turn green after feds rate hike Major …
Mining Rig Builder Bitmain Slashes Prices for Bitcoin Mining Machines
Bitmain, the largest manufacturer of bitcoin mining rigs, announced that it is reducing prices by 70%, despite a crypto bearish market and global energy crisis.
Crypto Exchanges FTX Battle for auctioned Voyager Digital Assets
Binance and FTX, cryptocurrency exchanges, have reportedly been the top bidders for assets from Voyager Digital, a bankrupt crypto lender.
Coinbase to give Users ENS Usernames to Replace Traditional Wallet Addresses
Coinbase Wallet’s browser extension allows users to create a username and send and receive crypto tokens using it.
DeFi Protocol Coin98 Announces Its very own Stablecoin CUSD
This is a move that comes as DeFi platforms like Curve and Aave race for their own stablecoins in order to attract users and increase growth.
Crypto Exchange Kraken Plans to Build a Liquid Staking Protocol
According to Alluvial, the operating company that supports its development, Kraken, a crypto exchange, has joined an industry consortium to create
Huobi Global Now Allows Fiat to Crypto Transactions in Latin America
To offer this service, Huobi partnered up with AstroPay, an online payment solution provider.
U.S. State of Colorado Has Started Accepting Tax Payments in Crypto Via Paypal
The U.S. state Colorado now accepts cryptocurrency tax payments via PayPal. Governor Jared Polis made the announcement. Polis previously indicated a plan for crypto to be a tax payment option.
Stock Operator Nasdaq to Offer Crypto Custody Services for Institutions
According to a press release, Nasdaq (NDAQ), is creating a cryptocurrency custody service to meet institutional crypto investors’ demand. The exchange stated that it was open to working with crypto native firms.
