Author name: Peter

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

China's central bank plans to expand the areas covered by digital currency trials in four regions. The announcement was made by a top representative from the central bank, while also highlighting the People's Bank's increased digitalization efforts in the past year. China's Government will Increase Digital Yuan Coverage in Four Provinces The Chinese authorities plan […]

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Africa-Focused Crypto Exchange Yellow Card Raises $40 Million via Series B Round

The Africa-focused crypto exchange Yellow Card announced that it had closed its $40 million Series A funding round. This announcement comes just over one year after the exchange raised $15 million in Series A funding. Funds to be used for the development of new products Yellow Card, a cryptocurrency exchange that focuses on Africa, announced

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World’s Largest NFT Marketplace Opensea Reveals Drop Improvements, Arbitrum L2 Support

Opensea is the largest non-fungible token marketplace (NFT) by sales volume. It has now announced an "immersive, secure minting experience". NFT creators will be able to display "collections with dedicated drops pages and greater discoverability" via Opensea’s new homepage. The company also announced Tuesday that the NFT marketplace would soon support layer two (L2) protocol

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Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate as Some Expect Fed to Hike Rates by 1% 

As markets prepare for a possible 100 basis point increase in the interest rate from the United States central banks, Bitcoin dropped below $19,000 Wednesday. While the consensus rate of a rate hike remains at 0.75% some think that a 1.00% increase could be possible, given the historically high inflation levels. Ethereum traded slightly above

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Crypto Exchange Kraken Backs Enterprise-Grade Liquid Staking Protocol

Alluvial, a liquid staking company, announced Tuesday that a group of organizations would collaborate to create the "first enterprise grade multi-chain liquid-staking protocol." Alluvial explained that the protocol would be called the "Liquid Collective" with Kraken as a foundation member. The Liquid Collective aims to promote a multi-Chain Liquid Staking standard Alluvial, a liquid staking

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French Banking Giant Launches Bitcoin Fund Services For Asset Managers

Societe Generale stated that its new suite of services for asset managers allows the creation of cryptocurrency funds and bitcoins under European law. Asset managers can now offer bitcoin-linked funds through a French bank giant. These services are for institutions looking to capitalize on the increased demand of BTC and crypto. With its new services,

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