The Bank of Japan is preparing to launch a pilot test for a digital yen, its central bank digital currency (CBDC), later this year. Shinichi Uchida, executive director of the Bank of Japan, explained that the goals of this new pilot are to test the technical feasibility of the currency and to include private businesses in its design process. Bank of Japan to Continue Digital Yen CBDC Experimentation The Bank of Japan is advancing in its research for the issuance of a hypothetical Japanese central bank digital currency (CBDC), the…
Month: February 2023
Ethereum Shapella upgrade gets new date, making way for un-staking ETH
Ethereum core developer Tim Beiko announced the Shapella (Shanghai/Capella) upgrade is scheduled for Feb. 28. The Shapella network upgrade will activate on the Sepolia network at epoch 56832. Shanghai and Capella are the names of the upcoming Ethereum hard fork. Shanghai is the name of the fork on the execution client side, and Capella is the upgrade name on the consensus layer client side. Some of the key Ethereum improvement proposals (EIP) changes on the execution layer include Warm Coinbase and Beacon chain push withdrawals. The push withdrawals will make…
Can Bitcoin price hold $24K as stocks correlation hits lowest since 2021?
Bitcoin (BTC) wicked to five-day lows on Feb. 22 as a comedown for United States equities continued. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst on Bitcoin: “Waiting for a bit lower” Data from Cointelegraph Markets Pro and TradingView recorded lows of $23,871 on Bitstamp, with S&P 500 futures slipping under 4,000 ahead of the Wall Street open. Bitcoin bulls had lost ground after the U.S. holiday weekend, which ended in weakness across equities and a failed attempt to flip $25,000 to support. For Cointelegraph contributor Michaël van de Poppe, who…
Information Commissioner’s Office calls for accountants to play their role in SMEs data protection compliance
Regulator publishes key questions for accountants to ask SME clients to ensure they get data protection compliance right. The ICO is calling on UK accountants to recognise the crucial role they play in helping their SME clients have the right data protection practises in place from the day their business is established. Research* carried out by the UK regulator showed that over a third (34%) of SMEs trust their accountants for advice and a fifth (20%) actively use theirs to keep them up to date on data protection and GDPR.…
Coinbase Records Increase in Q4 2022 Revenue but There’s Catch
Coinbase claims that Q1 is already showing improvements over Q4. Despite recording a 5% increase in its Q3 earning, crypto exchange Coinbase Global Inc (NASDAQ: COIN) still has some negative reports to take away from its Q4 revenue. According to its earnings report, Coinbase made $605 million in revenue in the third quarter of 2022. While that is ahead of the $588 million that analysts projected, it also signals that the exchange did better than it did in the third quarter when it made $590 million in net revenue, says…
Deutsche Bank Joins Hands with Memento to Test Tokenized Investment Platform
Institutional investors will be able to subscribe to the tokenized fund through the direct minting of tokens, via a decentralized exchange aggregator, or through a built-in marketplace. On Tuesday, February 21, Deutsche Bank Singapore published a report with a proof of concept (PoC) in order to provide a platform for asset managers to issue tokenized funds. For this Deutsche Bank has partnered with Memento blockchain. Deutsche Bank and Memento Partnership The two players are working together on a PoC project dubbed Project DAMA (Digital Assets Management Access). This project will…
How to create NFTs on the Cardano blockchain
Cardano is a proof-of-stake (PoS) platform launched in September 2017 by Ethereum co-founder Charles Hoskinson. In September 2021, Cardano added support for smart contracts, which paved the way for developing decentralized finance (DeFi) and nonfungible token (NFT) applications. NFTs landed on Cardano’s blockchain in 2022, with Cardano’s native cryptocurrency ADA (ADA) utilized to buy and sell them. The deployment of smart contracts on Cardano allowed the creation of NFT marketplaces, including CNFT.IO and Jpg.store. These marketplaces facilitate NFT projects on Cardano in a cost-effective and scalable way, attracting many enthusiasts…
Australian Crypto Gaming Firm Immutable Cuts Staff By 11%: Report
Australian crypto gaming company Immutable is cutting 11% of its workforce, according to a report by The Sydney Morning Herald on Wednesday. Source
Klaytn Foundation Proposes Burning 5.28B KLAY Tokens, Cutting Token Supply by Nearly 50%
The proposal suggests an initial burning of 73% of the reserve supply, amounting to 5.28 billion KLAY tokens or approximately 48% of the total token supply. Source
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