In the month of June, the overall cryptocurrency market reached a high of $1.776T and a low of $1.165T, a decline of 52.5%. USD Coin (USDC, $1.00, 30d gain of 0.02%) was the best performer for the month among the top 10 coins by market cap.
In a move to test its state-owned CBDC dubbed e-CNY, China has given away digital red envelopes embodying its prototype CBDC in Beijing and Shanghai to test the digital yuan (e-CNY). Reportedly, the Winter Olympics (WO) vendors will also allow e-CNY for payments.
The Socialist Republic of Vietnam is one of the biggest Bitcoin users in the world and the cryptocurrency industry is growing at a high speed in this Southeast Asian country. Around 22% of the citizens own or transact with cryptos.
The trading volume of USD Coin (USDC) has increased dramatically following the announcement by Visa of accepting the cryptocurrency for payments. Visa Inc. will become the first payments giant to allow its over 60 million merchants to settle transactions in USDC, a 12th cryptoasset by market cap and a stablecoin that is backed by US dollar (USD) created on the Ethereum blockchain.
It looks like February was a bullish month for most of the top 100 cryptocurrencies in the market. In the past 30 days, out of 100 top coins, there are just 3 cryptocurrencies that are trading in red – meaning the rest are all in green (they did not decline in price). Let’s analyze the 5 biggest losers among the top 100 digital currencies in the industry.
It is more than 10 years since the first cryptocurrency appeared on earth. The emergence of crypto attracted varied reactions from the different countries of the world. Africa, the second-largest continent is especially lagging in crypto trading and mining. What challenges and opportunities lie on the way of crypto mining growth in Africa?
Last month (May 25, 2020), a US white policeman Derek Chauvin killed a 46-year-old black man George Floyd from Minneapolis, Minnesota, after the victim was suspected of using a fake currency of $20 USD bill to purchase a cigarette at one of the shops in the area. If the digital payments services such as credit cards, mobile money, cryptocurrencies, Bitcoin, were in place, George wouldn’t have died.