“This first-of-a-kind experiment will dig deeper into the technology, architecture and design choices and trade-offs, and explore related policy questions,” said Beju Shah, head of the BIS Innovation Hub Nordic Centre. “These learnings will be invaluable for central banks thinking about implementing CBDCs for cross-border payments.” Source
As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons. While these digital identity management systems are convenient, they are relying on centralized intermediaries that hold and control user data. Personal identifiers and attestations are in their hands, and they can decide — or be forced — to share this information with other parties. Blockchains…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Solana NFTs just hit an ATH! Google Supports Ethereum Merge? Michael Saylor Buying MORE Bitcoin? Hit Like, Share, and Subscribe for more daily cryptocurrency news Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamps: 0:00 – Introduction (Watch The Whole Video) 0:36 – NFT mints on Solana have surged to an all-time high 2:35 – Google Is Counting Down to Ethereum Merge with ‘Easter Egg’ on Search Engine 4:14 – SEC creates Office of Crypto Assets 5:53 –…
Following four consecutive Bitcoin mining difficulty increases, the network’s difficulty dropped for the first time in 68 days, sliding 2.14% at block height 756,000 on Tuesday. The change means it’s currently 2.14% easier to find a bitcoin block reward following the mining difficulty’s all-time high (ATH) that took place on September 13. Bitcoin Difficulty Slides 2.14% Bitcoin miners caught a break this week after the network’s mining difficulty slid by 2.14% on Tuesday evening. The difficulty is now 31.36 trillion following the 32.04 trillion ATH recorded on Tuesday, September 13.…
The AQUA marketplace will highlight featured games and already has partnerships with three titles, including God’s Unchained and Guild of Guardians. New titles will be added every month. AQUA is built on Immutable X, the game-focused layer 2 blockchain, but plans to expand to additional chains where strong games are being built. Source
Chainlink, a provider of price feeds and other data to blockchains, is reducing the network’s barriers to entry for early stage projects and reducing costs for existing participants, ahead of the introduction of staking of its native token at the end of this year, the company said at this week’s SmartCon developer event held in New York Source link
The BOE, Fed, and other major central banks poured billions of dollars into the financial system via QE in the aftermath of the coronavirus-induced crash of 2020, triggering an unprecedented bull run in crypto and traditional markets. Now, however, rampant inflation has forced those central banks to reverse course, sending asset markets across the spectrum sharply lower in 2022. Bitcoin has been more than halved to less than $20,000 from just shy of $70,000 late in 2021. Original
Earlier this year, Kava shook up the L1 industry with its Ethereum Co-Chain launch, sparking the fastest growth of protocols on any blockchain in 2022. Today, tier-1 DeFi protocol Sushi combines its deployment to Kava with an up to $7M matching rewards plan alongside their elegantly redesigned Sushi 2.0 user interface. Providing liquidity to Sushi’s wKAVA/USDC pool deployed to the Kava EVM will be eligible for KAVA and SUSHI token rewards. Sushi’s deployment also enables users to create new pools with other asset pairs, especially after the Kava 11 upgrade…
As more countries make progress in terms of developing and implementing central bank digital currencies (CBDCs), Ghana’s central bank aims to keep up and complete its research on CBDCs with the goal of financial inclusion, according to Kwame Oppong, the head of fintech and innovation at the Bank of Ghana. In an interview with Cointelegraph’s Elisha Owusu Akyaw at the Africa Money & DeFi Summit, Oppong laid out the reason behind the West African country’s venture into CBDCs. According to the government official, their main goal at the moment is…
As the cryptocurrency market grows, the demand for products offered by digital technologies rises too. Thanks to the emergence of blockchain and cryptocurrencies, the existing financial system is changing and there are many new opportunities that were not there before. This is the reason for such a rapid growth of digital assets. Thanks to the decentralization of cryptocurrencies, DeFi projects appeared and Yield farming began to develop. The opportunity to receive passive income on Yield farming has attracted many users to cryptocurrencies. Yield farming and the possibility of getting passive…