Day: September 4, 2023

Platforms must provide digital yuan retail payment option

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While China’s central bank digital currency (CBDC), the digital yaun, goes through technological and business model upgrades, wallet providers should facilitate payment options in all retail scenarios, according to a statement made by Changchun Mu, director of the Digital Currency Research Institute of the People’s Bank of China, on Sept. 3. In a speech at the annual China International Service Trade Fair, Mu said the digital yuan has “undergone a major upgrade” in terms of its “organizational forms” and business model. Now, it’s the turn of the payment tools to be upgraded.…

Shiba Inu Dev Unveils Major Shibarium Upgrades, SHIB Retraces

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In a recent blog post, Kaal Dhairya, one of the key developers behind Shibarium, the layer 2 protocol of the Shiba Inu network, revealed a series of significant upgrades aimed at bolstering the network’s capabilities. The announcement comes at a time when Shibarium has crossed the 1 million wallet mark, a milestone that underscores its growing adoption and utility. “First of all, congratulations to the ShibArmy for reaching a milestone of 1 million wallets and soon, 1 million transactions. We have achieved—and aim to maintain—our status as one of the…

ARK Invest’s Cathie Wood bullish on Bitcoin and AI intersection

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied ARK Invest’s Cathie Wood has shared her perspectives on the dynamic intersection of Bitcoin (BTC) and artificial intelligence (AI). Wood, CEO of ARK Invest, has shared her positive outlook on the convergence of Bitcoin and AI in a post on X (formerly Twitter). Wood sees a profound economic transformation arising from the convergence of these two innovative technologies. The convergence between Bitcoin – and AI could transform the way companies organize, causing a collapse in costs…

LSE Group Plans to Offer Blockchain-Powered Market For Traditional Assets: Report

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Shibarium hits 1M wallets amid meteoric growth, SHIB yet to catch up

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The total number of wallets on Shiba Inu’s newly launched layer-2 blockchain, the Shibarium network, has surpassed the one million mark in a meteoric rise since its relaunch.  The milestone — announced in a Sept. 3 blog post by the official Shibarium team — means there were at least 900,000 wallets added since Shibarium’s relaunch on Aug. 28, and only two weeks after the Shibarium network first went live — albeit with some technical hiccups. According to data from the Shibarium blockchain explorer, nearly 100,000 transactions have occurred as of…

Court rules in favor of HelbizCoin investors, class lawsuit to go ahead

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A United States District Court has allowed a nearly three-year-long class action lawsuit against the creators of HelbizCoin to go ahead, as per a court ruling filed on Sept. 1. The class action suit was first brought against Helbiz, its CEO Salvatore Palella, and its partners in 2020, with an amended complaint filed in March 2022. The case involves an Italian electric scooter-sharing company HelBiz that raised $38.6 million in an ICO and issued an ERC-20 token with one of the founders of Ethereum, Anthony Di Iorio, in 2018, according…

Chainlink Needs To Clear $6.25 For Hopes of a Fresh Rally

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Chainlink’s LINK price is holding the $5.75 support zone. The price could start a fresh increase if it clears the $6.25 resistance zone. Chainlink token price is showing positive signs above $6.0 against the US dollar. The price is trading above the $6.05 level and the 100 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $6.10 on the 4-hour chart of the LINK/USD pair (data source from Kraken). The price could gain bullish momentum above the $6.25 resistance zone. Chainlink (LINK) Price…

Ethereum Bears Hold Strong – Why ETH Could Resume Downtrend Below $1,600

Ethereum price tested the $1,600 zone and is currently recovering against the US Dollar. ETH is facing many hurdles near $1,650 and $1,670. Ethereum started a recovery wave from the $1,600 support level. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close above the $1,700 level. Ethereum Price Faces Key Resistance Ethereum’s price…

Matter Labs co-founder proposes ‘Ethereum Supreme Court’ for on-chain disputes

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Matter Labs co-founder and CEO Alex Gluchowski has proposed an Ethereum court system resembling a hierarchical court system similar to the real world. In a Sept. 2 post on X (Twitter), Gluchowski floated the idea for an “Ethereum Supreme Court” — which would work similarly to the United States Supreme Court — serving as a final stop for parties to dispute smart contract issues rather than needing to take matters to a traditional lawyer or court. “The most important function of such a system will be to protect protocols against…

Matter Labs co-founder proposes ‘Ethereum Supreme Court’ for on-chain disputes

Matter Labs co-founder and CEO Alex Gluchowski has proposed an Ethereum court system resembling a hierarchical court system similar to the real world. In a Sept. 2 post on X (Twitter), Gluchowski floated the idea for an “Ethereum Supreme Court” — which would work similar to the United States Supreme Court — serving as a final stop for parties to dispute smart contract issues rather than needing to take matters to a traditional lawyer or court. “The most important function of such a system will be to protect protocols against…