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City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
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The move comes as part of a government effort-led to revitalize consumer spending as a zero-COVID policy has devastated the countries' economic hubs.

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CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?
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Cointelegraph spoke to CeFi leaders to understand where interest rates are going and what the future holds for CeFi.

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Bitcoin ‘ready’ for $32.8K after consolidation as BTC price gains 6.3%
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Relief endures despite a U.S. trading holiday, but worries over waning momentum in stocks mean the short-term outlook remains gloomy.

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Binance gets approval to operate in Italy, will open office in Milan
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The cryptocurrency exchange's Italian branch will become its second European operation after obtaining a license in France.

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VC Roundup: The rise of blockchain gaming, DAO management and asset tokenization
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Irreverent Labs, Lighthouse Labs, N3TWORK Studios, DoraHacks, iZUMi Finance, Common and Centrifuge headline the latest funding deals from the world of ...

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Here’s how much Kazakh gov’t made off crypto mining in Q1 2022
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The Kazakh budget has not received the expected amount of fees from crypto mining as the government has shut down lots of miners to “ensure energy security,” ...

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Crypto’s youngest investors hold firm against headwinds — and headlines
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The market drawdown and UST/LUNA fiasco may discourage some retail newcomers, but younger investors remain captivated by crypto’s technology.

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Gate.io Announces Launch of Mirror World NFTs on NFT Box
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Majuro, Marshall Islands, 30th May, 2022, Chainwire Gate.io, one of the world’s leading cryptocurrency exchanges with over 10 million users worldwide and a ...

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Gov’t says crypto miners consume 2% of total electricity in Russia
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Crypto mining falls under the “gray zone” in Russia, which means even though it's not banned, it doesn’t fall under the purview of law which could pose risks ...

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South Korean authorities reportedly probe staff behind Terra
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South Korean authorities are reportedly looking at the Terra crash to check for signs of intentional price manipulation and other issues.

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Fed vice chair inclined toward the coexistence of a CBDC and stablecoins in future
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Leal Brainard floated a potential future of coexistence of stablecoins and CBDC She said that UST’s recent de-peg calls for a robust regulatory framework It ...

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Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH
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The Bitcoin LN was first implemented into the Bitcoin mainnet in 2018 and has ever since been able to maintain an upward trajectory in terms of expanding its ...

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