Blockchain payments technology company Ripple is set to partner with Colombia’s central bank, Banco de la República. They aim to research potential applications of blockchain technology within Colombia, a significant development in South America’s adoption of this technology. This collaboration will also involve the Ministry of Information and Communications, as they plan to test possible ways to augment the country’s high-value payment system utilizing Ripple’s Central Bank Digital Currency (CBDC) Platform. Probing Blockchain Potential For High-Value Payment System The partnership was not a spur-of-the-moment decision. According to Joe Vollono, a director…
Day: June 15, 2023
Coinbase CEO Brian Armstrong’s ResearchHub Startup Raises $5M in Funding
The Series A round was led by Open Source Software Capital with participation from Boost VC, RedHat’s Bob Young and others. Source
Amy Wu, Former FTX Ventures Head, Joins Menlo Ventures
“At Menlo, Amy will make early-stage investments in technology-driven categories, including gaming, blockchain, and new consumer experiences made possible by tech shifts like generative AI. Her deep experience as both an investor and operator across a variety of consumer businesses will help her hit the ground running,” wrote Menlo Ventures partner Shawn Carolan in an announcement post. Source
Is blockchain technology ready for high-storage applications?
Web3 — the third generation of the internet — refers to a decentralized and distributed version of the web that uses blockchain technology, and other decentralized technologies, to enable greater user control, privacy and data ownership. It aims to redefine how we interact with digital services, moving from traditional centralized models to decentralized peer-to-peer networks. At its core, Web3 is built on blockchain technology, which is a distributed ledger that maintains a cryptographically-secured, continuously growing list of records called blocks. This decentralized nature enables direct peer-to-peer interactions. Web3 brings several…
Biggest US Banks Place Quiet Big Bets On Bitcoin’s Largest Corporate Holder MSTR
Summary: BlackRock, Bank of America, and Fidelity have all massively increased their holdings of MicroStrategy stock, Bitcoin’s largest corporate holder. Buying MSTR seems to be a path to BTC exposure rather than directly buying crypto’s top coin. Canada’s sixth largest bank has also spent a considerable amount buying MicroStrategy stock in 2023. The appetite for MSTR shares comes at a time when the U.S. Securities and Exchange Commission is cracking down on crypto activity in America. Major banks and Financial Institutions in the U.S. seem to be increasing their exposure…
EU’s ESMA to Consult on MiCA Crypto Complaints, Conflict of Interest Rules in July
The European Securities and Markets Authority will set out proposals next month for how the EU’s new Markets in Crypto Assets (MiCA) rules should work in practice, including the forms and notifications that crypto companies and established funds have to follow in order to offer services within the bloc. Source
Crypto Exchange Bybit Taps into ChatGPT to Advance Trading Tools
ByBit is not the only crypto trading platform recognizing the potential of AI in delivering enhanced user experiences. Other leading exchanges have also explored the integration of ChatGPT into their platforms. Leading cryptocurrency exchange Bybit is gearing up to enhance its trading services by incorporating an artificial intelligence (AI) tool into its trading platform to enhance market data analysis. In a Twitter post on June 15, Bybit unveiled the latest addition to its Tools Discovery family, dubbed “ToolsGPT”, leveraging the capabilities of the famous generative AI technology, ChatGPT, developed by…
Sweat Economy DAO votes to repurpose $10M of idle tokens
Move-to-earn platform Sweat Economy is set to repurpose over 2 billion native $SWEAT tokens that were locked up in inactive user wallets. The tokens, valued at around $10 billion, were locked up in dormant user accounts following a token airdrop event in Sep. 2022. According to the platform, Sweatcoin users that opted into the Web3 move-to-earn’s crypto offering received $SWEAT tokens that were locked up in a 24-month lock-up contract. Users that failed to install the Sweat Wallet over the past year and claim locked tokens essentially left a sizable…
GOP crypto maxis almost as bad as Dems’ ‘anti-crypto army’ – Cointelegraph Magazine
After nearly a decade of gridlock, the United States may finally be on the cusp of crafting a cohesive policy framework for digital assets. In Congress, lawmakers are mulling a variety of proposed bills governing everything from stablecoins and securities rules to sanctions. The 2024 presidential race, meanwhile, may be the first to see crypto as a focal point. While both sides of the aisle are playing valuable roles, Republicans — especially influential congresspeople like Tom Emmer and Patrick McHenry — have emerged as the industry’s most important allies. However,…
BlackRock Close to Filing Bitcoin ETF: Source
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