Bitcoin dropped sharply on Friday—dragging the rest of the digital asset market with it—after key inflation data came in and seemingly rattled investors. The biggest cryptocurrency is currently down 3% in 24 hours, trading for $23,070, CoinGecko data shows. Just last week, it broke above $25,000 per coin for the first time in eight months. Most other cryptocurrencies have also…
Citizens Trust Bank, a financial institution regulated by the Federal Deposit Insurance Corporation (FDIC), has partnered with Circle Internet Financial to hold some of its reserves in USD Coin (USDC) — a move the companies said would promote financial inclusion and digital literacy in the greater Atlanta area. On Feb. 24, Circle announced the Atlanta-based Citizens Trust Bank would hold…
The crypto world has attracted a number of video game industry legends, including famed developers like Will Wright and Peter Molyneux that are now developing NFT-based games, and now there’s another big name on that list: Trip Hawkins, the original founder and CEO of video game giant Electronic Arts (EA). Hawkins was announced today as a co-founder and chief strategy…
The Kenyan Senate’s Information, Communication and Technology committee has said it is ready to engage the Central Bank of Kenya (CBK) and other stakeholders in shaping the country’s policy towards crypto assets and virtual asset service providers. According to the committee, such a policy helps govern the use of crypto assets in the country “to ensure Kenya harnesses the benefits…
The Financial Action Task Force, or FATF, reported its delegates had come to an agreement on an action plan “to drive timely global implementation” of global standards on cryptocurrencies. In a Feb. 24 publication, the FATF said the plenary for the financial watchdog — consisting of delegates from more than 200 jurisdictions — met in Paris and came to a…
Salesforce, the cloud-based CRM software giant, is breaking into Web3 to help future-proof its clients and connect with a new generation of customers. “It’s a new kind of relationship with a new generation of customers, with–at its heart–a new set of data,” the co-founder of Salesforce’s Web3 studio Marc Mathieu in an interview with Decrypt at NFT Paris today. With…
Central bank digital currencies (CBDCs) are digital versions of fiat currencies that are backed and issued by central banks. Here are five ways in which CBDCs could impact the global financial system. Digitalization of payments CBDCs might make payments quicker and more efficient because they would do away with the need for intermediaries. Costs could be brought down as a result,…
Getting crypto into the hands of the masses may come one NFT at a time. This is exactly what NFT Factory, an NFT-dedicated hub in the heart of Paris, is trying to offer within its 400 square meters physical building dedicated to NFT education. “When we started this project we wanted to let as many people as possible discover NFTs and…
Bitcoin (BTC) stayed lower at the Feb. 24 Wall Street open as United States macroeconomic data showed inflation biting back. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView PCE sparks fresh doubts on inflation Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded in a narrowing range around $23,800. The pair saw an attempt to reclaim $24,500 the…
Customizable rollup provider Eclipse announced that the startup is launching a scaling solution that is compatible with Solana and Polygon. Eclipse disclosed that the Layer 2 blockchain can run smart contracts on Solana, and decentralized applications (dapps) will be easily migratable to the Polygon Sealevel Virtual Machine (SVM). How Eclipse’s L2 Scaling Concept Hopes to Improve Blockchain Efficiency On Thursday,…
