Bookmarking Crypto Insights
Auto Added by WPeMatico
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban … Read more
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market … Read more
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk. Go to Source Powered by WPeMatico
While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty … Read more
In response to the city’s COVID-19-related lockdown, Shanghai residents turned to the blockchain to preserve their experiences. Go to Source Powered by WPeMatico
According to a recently published study by Merchant Machine, mobile wallets are predicted to have 4.4 billion users by 2024. Merchant Machine’s findings show the global pandemic propelled the popularity of digital wallets and researchers expect the numbers to grow from 44.50% of the population in 2020 to 51.70% by 2024. Half the World’s Population … Read more
Futures data and decreased demand for Tether signal that the crypto market is set for another round of pain. Go to Source Powered by WPeMatico
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security. Go to Source Powered by WPeMatico
A user of the NFT marketplace NFTCN allegedly poached a creation of an artist and sold it as an NFT for $137 to another user. Go to Source Powered by WPeMatico
Mounting concerns about the state of the global economy and traders’ risk-off sentiment continue to weigh on Bitcoin price. Go to Source Powered by WPeMatico