The HKMA intends to continue working with the PBOC to expand the application of the e-CNY. The HKMA plans to work with the Digital Currency Institute to explore including features like name verification, enhancing interoperability in payments and corporate use cases, such as cross-border trade settlement. Source
The bears’ inability to penetrate that bull-market trendline since Monday suggests they might have to back up a bit and allow a price bounce before making another attempt at extending recent declines. The native token of the Ethereum blockchain has dropped more than 15% to $3,000 from highs near $4,100 two months ago, according to CoinDesk data. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, lost 17% in the same period. Source
“Even if the first deadline of May 23, 2024 encounters a rejection, we think there is a high likelihood that litigation could reverse that decision,” the note said. “In the interim, we believe the structural demand drivers for ETH as well as the technological innovations within its ecosystem will enable it to continue straddling across multiple narratives.” Source
In the past few weeks, the Fantom Foundation has been pushing out its latest upgrade, codenamed Sonic. Currently, 25 out of the 60 nodes have completed the upgrade, according to a dashboard, and the chain will be officially upgraded once the new software hits two-thirds of the nodes. Source
On Reddit and the LocalMonero forum, users discussed alternative means of buying XMR, which, with a $2.5 billion market cap, is the largest privacy coin. These include buying another cryptocurrency like bitcoin (BTC) or litecoin (LTC), sending it to the privacy-focused Cake Wallet and then swapping for XMR. Source
Recently launched spot bitcoin exchange-traded funds (ETFs) gave traders a safer way to invest in the token, which over 500 institutions took advantage of within only the first three months of existence, allocating over $10 billion in the funds alone. The rest, over $40 billion, came from retail traders. Source
The exploiter may not be making any money from the attack. Source
By completing the pilot, DTCC “found that by delivering structured data on-chain and creating standard roles and processes, foundational data could be embedded into a multitude of on-chain use cases, such as tokenized funds and ‘bulk consumer’ smart contracts, which are contracts that hold data for multiple funds,” the report reads. Source
The U.S. Senate joined the House of Representatives on Thursday in seeking to erase the controversial Securities and Exchange Commission (SEC) crypto policy known as Staff Accounting Bulletin No. 121, though President Joe Biden has vowed to veto the resolution. The Senate voted 60-38 on the effort to overturn the policy, commonly referred to as SAB 121, though the crypto industry may not breathe a sigh of relief over the initiative’s banking constraints, because Biden said that letting the rule be removed this way would disrupt “work to protect investors…
First there was “The Bait.” Then there was “Unblinding the block,” followed by “The Search,” and ultimately “The Propagation.” U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment. Source