Day: February 6, 2023

CBDCs and Crypto Assets Could Emerge from Turmoil

The head of BIS Innovation said that CBDCs will continue to progress despite market turmoil. Some big economies are already working on it. The last year of 2022 witnessed one of the most brutal bear markets in the history of crypto. Nearly a trillion dollars worth of investors’ wealth was wiped out in a year’s time with Bitcoin and several other altcoins correcting to the tune of 60% and more. However, the market has shown a good recovery since the beginning of 2023. So far, the BTC price is up…

StarkWare Partnering with Chainlink for StarkNet Growth

“We’re excited to be joining the Chainlink SCALE program to provide our ecosystem of developers with access to the industry standard for oracle services, enabling a next-generation of globally scalable Web3 applications to be built on Starknet,” said StarkWare co-founder and president Eli Ben-Sasson. Source

A beginner’s guide to the sci-fi genre

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Science fiction’s sub-genre, known as cyberpunk, imagines a dystopian future in which advanced technology has overtaken society and divided it into classes for the haves and the have-nots. The genre frequently examines virtual reality, hacking, artificial intelligence and how technology affects people. Cyberpunk is distinguished by its emphasis on a future society in which governments and corporations have amassed enormous power and control over people, frequently at the expense of their freedom and privacy. The genre is renowned for its grim and gloomy depictions of a world where technology has…

BTC Hits 1-Week Low, Bullish Sentiment Fades on Monday – Market Updates Bitcoin News

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Bitcoin fell to a seven-day low to start the week, as recent bullish momentum began to wear off in cryptocurrency markets. Friday’s stronger than expected U.S. non-farm payrolls report has made some question the Federal Reserve’s view that inflation has peaked. Ethereum also declined on Monday, however, it remained above $1,600. Bitcoin Bitcoin (BTC) started the week falling to a seven-day low, as market sentiment began to shift downwards. BTC/USD has now fallen lower for five straight sessions, with today’s decline taking prices to a bottom of $22,734.48. This drop…

Hong Kong securities regulator adds crypto personnel for industry supervision

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Regulators in Hong Kong are stepping up their game when it comes to monitoring the activities of the crypto industry.  According to a Securities and Futures Commission report filed on Feb. 6, it plans to hire four additional staff to “better supervise” the activities of local virtual asset (VA) providers. Moreover, the extra oversight will help “better assess the compliance and risk” by allowing retail investors to trade virtual assets on regulated platforms. The commission wrote: “This is in response to an increasing number of operators who have expressed interest in…

Italy Setting Up Crypto Environment That Meets EU’s New Laws, Central Bank Governor Says

Visco spoke of the importance of regulating crypto, and outlined global, European and Italian initiatives underway during a speech on the global economic situation in Milan. Although the economies of Italy and the euro area are decelerating, because the sector’s ties to traditional finance are weak, last year’s crypto market collapse did not have any “systemic consequences” on “the real economy,” he said. Source

Chainlink oracle, data feeds coming to StarkNet ecosystem

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Blockchain scaling technology firm StarkWare is set to partner with Chainlink Labs to bring oracle services, data and price feeds to the StarkNet ecosystem. The coalition will see StarkWare join Chainlink’s Scale program and brings Chainlink price feeds to StarkNet’s testnet. StarkNet tokens will also fund certain operating costs for Chainlink oracle nodes, giving Starket developers access to Chainlink oracle services and data feeds. Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data sources, APIs and payment systems. It allows smart contracts to interact…

It’s time to own your digital identity

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Usernames and passwords are a staple of the modern internet, and almost every service out there uses this method as credentials for access. This has led to some notable issues — one being that the data must then be stored on private servers outside of a person’s control, and the other being that these servers don’t always have the best security. The nature of this system takes power away from individuals, who can only hope their data is safe. While this model has become the standard, it doesn’t have to…