Cryptonews

Cryptonews


Bitcoin and Ethereum Struggle, LUNA Down 84% while Altcoins Show Signs of Recovery

Posted: 10 May 2022 09:11 PM PDT

 
Bitcoin price started an upside correction above the USD 31,000 level. BTC even climbed above USD 32,000 but struggled near USD 32,500. It is currently (04:03 UTC) trading near USD 31,300 and is up 2% in a day and down 17% in a week.
Similarly, most major altcoins are facing hurdles. ETH is facing resistance near USD 2,400 and USD 2,450. XRP must clear USD 0.55 to start a recovery wave. ADA failed near USD 0.70 and trimmed most of its gains.
Total market capitalization...
Read More: Bitcoin and Ethereum Struggle, LUNA Down 84% while Altcoins Show Signs of Recovery

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Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools

Posted: 10 May 2022 05:00 PM PDT

 
Chinese banks are exploring new methods of enabling digital yuan users to earn interest on their central bank digital currency holdings – with "smart management" tools that can detect when funds have been left idle for long periods of time....
Read More: Chinese Banks Launch Automatic Digital Yuan-to-Fiat Conversion Tools

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