The Chinese government is making efforts to boost the adoption of CBDCs in the country. Recently, China launched its digital yuan, called e-CNY. To boost its adoption among its citizens, China added a new feature of sending money in electronic ‘red packets’ that cover displaying traditional wishes for special occasions like birthdays, the New Year,…

NFT sales volumes fell in the lead-up to Christmas in 2022 as well as in 2021.  Meanwhile, Yuga Labs’s Bored Ape Yacht Club’s floor price increased ahead of the holiday. For the second year in a row, NFT sales have dipped leading up to Christmas. NFT trading volume fell from over $24 million on Dec….

Coinbase stock has fallen to an all-time low of $32.40 per share, dropping 6% over the past five days. America’s largest crypto exchange is ending the year on a sad note amid falling revenues and profits. It has been a brutal 2022 for Coinbase investors, with the company’s stock falling almost 87% over the year…