YFI, the native token of Yearn Finance, has been experiencing a significant capitulation because its price has dropped from an all-time high in mid-September of $43k to as low as $13,875. This marks a loss of approximately 67.7% in value, but despite this fact, there is still $624 million of total value locked (TVL) in…
Earlier this week, something very interesting had happened. Every U.S. senator and other representatives of the country had received $50 in the form of Bitcoin (BTC) by the Chamber of Digital Commerce. It seems that Spain was also inspired by this move because crypto advocates within the European country have chosen to do the same….
The digital yuan, the Central Bank Digital Currency (CBDC) in China is coming into shape with each passing day, as expectations of a public launch continue to increase. Even though no date has been announced for an official launch, the government does seem to be undertaking some promotional efforts. Earlier this week, Sina Finance, a…
A multi-year research project has been launched by the Central Bank in Estonia. The project is related to determining the volatility of a central bank digital currency (CBDC) for the country. Known as Eesti Pank, the central bank is convinced that both residents and businesses will be able to benefit from a CBDC, as it…