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China Opens Digital Yuan Park in Shenzhen

[Oct 13, 2023 4:30 PM] Shenzhen has become home to an industrial park established to promote China’s central bank digital currency (CBDC). Several financial companies are already settling there, the Chinese megacity announced while unveiling almost a dozen initiatives to…

NFTs Can’t Catch a Break as Protracted Drop in Sales Continues

[Oct 8, 2023 12:30 PM] For the seventh week straight, non-fungible token (NFT) sales have slipped further. In the last week alone, NFT transactions totaled $66.11 million, marking an 11.65% decline from the previous week. NFT Sales Bleed Out: The Unrelenting Seven-Week…

Long and short positions, explained

[Oct 7, 2023 6:15 AM] Long positions involve buying assets to profit from price increases, while short positions entail selling borrowed crypto, aiming to repurchase it cheaper for profit.