9 out of 10 Central Banks Worldwide Are Exploring Digital Currencies
Nine out of 10 central banks globally are exploring central bank digital currencies (CBDCs), according to the latest survey by the Bank of International Settlements (BIS). Furthermore, “the emergence of stablecoins and other cryptocurrencies have accelerated the work on CBDCs.”
Bitcoin Dives To $30K, Why Short-term Recovery Seems Possible
Bitcoin extended losses and even spiked below $30,000 against the US Dollar. BTC is now consolidating and might correct higher towards the $32,000 resistance.
CAN BITCOIN FIX MICROPAYMENTS?
Micropayments were all the rage in the 1990s. The idea of allowing customers to pay tiny fees for physical or online products was thrilling and received a lot of attention. However, early micropayment models failed to solve the problem of incurring large costs on processing tiny transactions. This is why micropayments haven’t taken off, years later after the idea was conceived.
Crypto, like railways, is among the world’s top innovations of the millennium
Finding a million reasons why blockchain won’t succeed turned out to be one of the biggest innovations in the last 500 years.
Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD
On May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve similar to Terra’s UST reserves.
Here’s how blockchain tech will change online gaming
Blockchain technology has the potential to change many different industries radically, and one it’s currently changing is online gaming.
EU Report Recommends DeFi Regulation Rethink
The European Commission has shown an unexpected understanding of how DeFi actually functions by identifying it as something different from traditional finance and acknowledging that the current system will require a regulatory rethink.
Former Google CEO Eric Schmidt Starts Investing in Cryptocurrency
Eric Schmidt, a former Google CEO whose net worth is $22.8 billion, reveals that he has put “a little bit” of money into cryptocurrency. He added that he finds Web3’s economics “interesting,” noting that the platforms and the use patterns are interesting.
ApeCoin reaches new high as Otherside launch looms
Otherside metaverse lands would only be sold to wallets that are KYC-approved.
Singapore's Central Bank: We Want to Be a Responsible Global Crypto Hub
The Monetary Authority of Singapore (MAS), the country’s central bank and the regulator of the crypto sector, says that its licensing process for digital asset service providers needs to be stringent. “It needs to be because we want to be a responsible global crypto hub with innovative players, but also with strong risk management capabilities,” said the central bank chief.
Latest News
No data