Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

China’s pandemic-hit economy needs all the help it can get after a surge in COVID-19 infections triggered mass lockdowns across the country. In an attempt to revive consumption, the southern city of Shenzhen used Beijing’s central bank digital currency, or CBDC, to airdrop free money to local residents. A similar strategy was used in the … Read more

Apple’s upcoming developer conference sparks rumors of NFT trading cards

In the lead-up to the 33rd edition of the annual Worldwide Developers Conference (WDDC) set to commence on June 6, tech giant Apple has unveiled plans to showcase the developments of four new devices and software models: iOS 15, iPadOS 15, macOS Monterey and watchOS 8. Alongside this, fanatical forums such as MacRumours, which center … Read more

Fresh Gains Push Bitcoin Back Into the World’s Top 10 Most Valuable Assets – Markets and Prices Bitcoin News

While bitcoin has lost more than 16% in value against the U.S. dollar during the past 30 days, the cryptocurrency’s market capitalization is still the tenth-largest asset by market valuation. With $603 billion in market value, bitcoin is above Meta’s (formally Facebook) capitalization and just below Berkshire Hathaway’s overall valuation. Despite Losing Over 16% in … Read more