Bitcoin bulls ignore PPI shock as whales fuel BTC price run to $102K

Stablecorp CEO Jean Desgagne said VersaBank's digital currency was intended to provide an alternative to concerns over volatility and security in crypto markets. 494 Total views 3 Total shares In an announcement today, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the…

CBDC and de-dollarization saw major strides last week with the 1-million-barrel deal on the Shanghai Petroleum and Natural Gas Exchange. 1756 Total views 5 Total shares The digital yuan has been used for the first time to settle an oil transaction, the Shanghai Petroleum and Natural Gas Exchange (SHPGX) announced. PetroChina International bought 1 million

The semiconductor chip manufacturing company will reportedly stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20. 248 Total views 2 Total shares Own this piece of history Collect this article as an NFTMajor United States-based technology company Intel has reportedly announced plans to discontinue its line of Blockscale Bitcoin mining chips as…

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.  Olympic battleAfter months of writing about the relentless actions of the Chinese government, this week we lead with a story from the US Government.…

Ripple, the firm behind the current third top crypto XRP, has introduced a major network upgrade of its XRP Ledger version 1.2.0, according to an official announcement on Feb. 13.The XRP ledger is a decentralized cryptographic ledger that stores XRP and is powered by a network of peer-to-peer (P2P) servers.With the release of the Ripple’s…

Never underestimate how quickly things can deteriorate in a sector as volatile as crypto, especially in a bear market. Prices can always go lower in the depts of crypto winter and casualties can multiply overnight. 2022 has been a year of never-ending contagion; with everyone focused on Binance, high-profile Bitcoin (BTC) miners were going bust. This…

Blockchain cybersecurity company CertiK has launched its native CertiK Chain blockchain. The CertiK Foundation announced its new release in an official blog post on July 22.According to the announcement, CertiK Chain aims to provide a blockchain infrastructure that is comprehensively secure.The full nodes of this blockchain will reportedly run on CertiKOS, which they say is…

BitMEX, one of the most popular derivatives exchanges in the cryptocurrency market, has come under fire with accusations of being purposefully designed to facilitate “a myriad of illegal activities." The accusations were made in a lawsuit filed by BMA LLC in the United States District Court for the Northern District of California on May 16.In…