Major Chinese state-owned banks have recently made the decision to decrease interest rates on U.S. dollar deposits. However, they firmly denied any allegations suggesting that their actions were influenced by the Chinese government, asserting that the rate cuts were solely driven by market forces.In

Buterin's key research interests will be Long COVID research and advancing the development of medical infrastructure.Source: beincrypto.comSandeep Nailwal, the co-founder of Polygon, and Vitalik Buterin, the co-founder of Ethereum, are collaborating to transfer $100 million to India's COVID-19 resea

Legislator Accuses SEC of Showing 'Utter Disregard for Congress' in Crypto Exchange Enforcement ActionsLawmakers criticize the SEC for regulating the crypto industry through enforcement actions. One lawmaker accuses the SEC of showing contempt for Congress, which is currently working on a regulatory

1. Market TrendBetween June 5 and June 7, the BTC price fluctuated between $25,351 and $27,455, with a volatility of 8.29%. According to the 1-hour candle chart, since the early morning of June 5, BTC price has been traded sideways at around $27,000. At 06:00 am on June 5, there was a surge in tradi

Circle Internet Singapore, an affiliate of stablecoin issuer Circle, has obtained a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). This license enables Circle to offer digital payment token services and domestic and cross-border money transfer services. Circl

On June 7, during a Twitter Space organized by Coinbase, Ryan Selkis praised the recently enacted crypto law for providing start-up businesses with a transparent path to compliance.Source: www.ft.comRyan Selkis, CEO of Messari, complimented a recently put-out Republican crypto bill, saying it is a 1

Russian Finance Minister Discusses Russia's Defense Against Dollar Attacks and the Significance of Advancing Alternative SettlementsRussian Finance Minister Anton Siluanov discussed the alleged economic attack on Russia by the U.S. dollar and outlined measures taken to maintain trade. He emphasized

Meanwhile, a Bermuda-registered startup specializing in bitcoin life insurance, has successfully raised $19 million in two seed funding rounds. The company's vision is to offer insurance policies denominated in bitcoin (BTC) and centered around artificial intelligence (AI). Interested individuals ca

The update is one of several changes made to the OP Stack to expand its flexibility and provide developers the ability to create their own networks using the program.Source: u.todayAccording to a statement from network creator OP Labs, the Bedrock update for the Optimism network has been successfull

Chinese yuan, euro, digital currencies challenge US dollar dominance, TD economist saysA TD economist warns that the Chinese yuan, the euro, and digital currencies pose a threat to the US dollar's global dominance. Many countries, dissatisfied with the dollar's dominance, are seeking alternative mea