Day: July 22, 2022

Social Media Users Deride China’s Reported Use of Military Tanks to Intimidate Protesting Bank Customers – Featured Bitcoin News

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Social media users have slammed China’s reported use of military tanks to intimidate bank customers protesting against the freezing of their savings. Some users claimed the deployment of military tanks exposes the country’s underlying economic problems. Crypto proponents see the issue as a vindication of their long-standing argument. Savings Now Investment Products Some social media users have derided Chinese authorities’ reported decision to deploy tanks around the central bank’s offices in Henan where bank customers have been protesting against the freezing of their savings. The deployment of tanks follows reports…

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Board urges Bank of Central African States to introduce common digital currency: Report

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The Bank of Central African States, or Banque des États de l’Afrique, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon, and the Republic of the Congo, could be closer to releasing a central bank digital currency reportedly at the urging of its board. According to a Friday report from Bloomberg, the board sent an email calling for the regional bank to introduce a digital currency in an effort to modernize payment structures and promote regional financial inclusion. The Central African Republic, or CAR, passed legislation adopting Bitcoin…

FTX proposes a way to give Voyager Digital clients some of their digital assets back early

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FTX and Alameda Ventures want to offer Voyager Digital customers a chance to start a new FTX account with an opening cash balance funded by an early distribution on a portion of their bankruptcy claims, FTX announced in a statement Friday. To accomplish this, Alameda Ventures said it would like to buy all Voyager digital assets and digital asset loans, with the exception of loans to Three Arrows Capital (3AC).  A letter from an FTX and Alameda Ventures legal representative explained that Voyager Digital customers who did not choose to…

Bitcoin Analysis Today – Here's What To Expect | Bitcoin Forecast July 20, 2022 | DailyForex

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Crypto Raiders drops knowledge with NFT Steez

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Blockchain gaming and the play-to-earn model were all the rage in 2021, but over time, the model declined as a few kinks were revealed and the wider nonfungible token (NFT) and crypto market hit a few speed bumps. It’s safe to say, the sector is “down, but not out” and it’s entirely possible that blockchain gaming could see another 2021-style surge once the market regains its momentum. On Friday, NFT Steez, a bi-weekly Twitter Space hosted by Alyssa Exposito and Ray Salmond, met with the founders of Crypto Raiders to…

Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions – Bitcoin News

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China’s Tencent Holdings plans to shut down its non-fungible token (NFT) platform Huanhe only a year after its launch. The social media giant has reportedly made the decision because of the strict ban on the resale of NFTs imposed by the authorities in Beijing. Huanhe to Close Down a Year After Launch as China Curbs NFT reselling Shenzhen-headquartered technology conglomerate Tencent is preparing to shut down its NFT platform as early as this week, according to a report by Chinese media outlet Jiemian, quoted by the South China Morning Post.…