WeChat Announces Plans To Support Digital Yuan
China’s digital yuan is proving to be a major success as time goes by. The level of adoption for this digital currency currently sits at record highs and this is expected to spike after the recent announcement by WeChat. WeChat, the
Baidu To Launch Crypto Free Metaverse App
Baidu has announced it will be launching a metaverse app. According to the tech giant, the app will take at least six years to develop before being launched. The announcement comes as leading Chinese tech giants race towards the metaverse. However, Baidu
MEXC Global Exchange Leaving Mainland China
The crypto trading environment in China has been harsh for the most part of 2021. The heightened regulatory risk has led crypto businesses to exit the Chinese market. One of the latest exchanges to leave China is MEXC Global. MEXC Global
Carlsen Plays Bullet Chess For 1 BTC Grand Prize
Magnus Carlsen, the reigning chess champion, competed in a bullet tournament where the prize was one Bitcoin. This tournament comes as sporting events become more open towards cryptocurrencies and digital asset investments. The championship under which Carlsen participated also involved some
Turkish Lira Plunges as Crypto Trading Volume Peaks
Crypto activity in Turkey is currently at a peak because of the events surrounding the value of the Turkish Lira. Currently, crypto trading volumes in Turkey have surpassed one million daily. This comes as the Lira takes yet another plunge. The slump
Visa Partners With 60 Crypto Firms To Boost Digital Asset Spending
Visa has remained committed to pushing for crypto adoption and meeting demand from its customers and merchants. In order to accomplish this monumental task, Visa has jumped into digital asset payments to boost its competitive edge. In an interview with NDTV,
Elon Musk Dismisses The Metaverse
Elon Musk is not a fan of Web 3.0. In his tweets, Musk had dismissed the concept of Web3 severally and even supported Jack Dorsey when he said that Web 3.0 was a concept by venture capitalists and liquidity providers. Now, Musk
Crypto Firms Hiring Leaders To Increase Growth
This year, the crypto market has recorded astronomical growth leading to recruitment agencies realizing that crypto-based firms are hiring expert leaders to help these firms achieve scalability. The crypto market failed to appeal to institutions and professional investors during its early
Bank of Russia Blocks Mutual Funds From Offering Crypto Exposure
The Bank of Russia has remained skeptical about cryptocurrencies. The institution has now issued a statement regarding the investment opportunities available for mutual funds. According to Russia’s Central Bank, mutual funds have been banned from investing in digital assets such as
Hester Pierce Point Out Flaws in Gensler Regulatory Agenda
Hester Pierce, a U.S. Securities and Exchange Commission (SEC) Commissioner, has called out the SEC chair, Gary Gensler, over his newly released regulatory agenda. Pierce noted that the agenda failed to include features that will boost investor protection and help