Ripple is rolling out a proprietary platform for central bank digital currencies (CBDCs), enabling central banks, governments, and financial institutions to create their own digital currencies. Described as “a frictionless end-to-end solution,” the Ripple CBDC Platform builds on Ripple’s Private Ledger, which was first introduced in 2021 for CBDC issuance. It’s based on the same blockchain technology as the XRP Ledger…
Month: May 2023
Bitcoin trader predicts end of dip within weeks as BTC price adds 3.5%
Bitcoin is giving fresh bullish signals on low timeframes, leading to hopes that BTC price action may ditch its recent corrective phase. Source: https://cointelegraph.com/public/index.php/news/bitcoin-trader-predicts-end-of-dip-within-weeks-as-btc-price-adds-3-5
Montenegro prosecutors appeal against Do Kwon’s bail terms
Case files on the prosecutors’ appeal were sent to the Supreme Court in Podgorica for a decision. Source: https://cointelegraph.com/app/public/index.php/news/do-kwon-bail-terms-appealed-by-montenegro-prosecutors
How to Exchange Cryptocurrency in Changelly App on iOS
beginner Changelly’s mobile app lets users exchange crypto and take advantage of the same fair rates and low fees as our web version — but it comes with the bonus of being available on the go. Let’s take a look at what it has to offer and how you can use it to exchange your favorite crypto pairs. Please note…
Australian ‘Big 4’ bank begins trial for cryptocurrency payment blocks
One of Australia’s Big Four banks announced efforts to combat crypto fraud activities aimed at reducing losses from scams. Source: https://cointelegraph.com/app/public/index.php/news/australian-big-4-bank-begins-trial-for-cryptocurrency-payment-blocks
Coinbase Cloud plugs into Chainlink oracle network to improve smart contract reliability
Coinbase Cloud will leverage its global infrastructure and experience managing blockchain data to bolster the security and reliability of the Chainlink blockchain oracle network. The American cryptocurrency exchange’s cloud service will operate as a new node operator on the Chainlink network in a partnership that is set to improve decentralization of the Web3 ecosystem. Coinbase Cloud’s infrastructure already services a number of leading…
Grayscale and Bitwise distance themselves from Ether futures ETF plans
Grayscale has stopped its ETH futures ETF plans after a warning from the SEC, while Bitwise amended its SEC filing to halt any launch of Ether ETF products. Source: https://cointelegraph.com/app/public/index.php/news/grayscale-bitwise-ether-futures-etf-plans-sec-update
Binance Australia Loses Crypto Ramp PayID ‘With Immediate Effect’
Binance’s Australian branch today announced that it is “unable to facilitate PayID deposits” for its users. The crypto exchange attributed the loss of the onramp “to a decision made by our third-party payment service provider” and says bank transfer withdrawals have also been affected. Cuscal is reportedly the service provider in question. Cuscal did not immediately respond to Decrypt’s request…
Metaverse ETF ‘PUNK’ closing after betting against Meta’s vision
After a slightly over 15-month duration and suffering an approximate 30% loss, an exchange-traded fund (ETF) that aimed to oppose Meta’s perspective on the Metaverse is ceasing its operations. Subversive Capital Advisor is set to shut down and liquidate its Subversive Metaverse ETF, known by the ticker symbol PUNK, as the company shifts its focus towards artificial intelligence. In January…
Bitcoin and proof-of-stake have natural ‘synergy’: Bitcoin Builders 2023
Less than a year after proof-of-stake (PoS) became the consensus mechanism for the Ethereum blockchain — the industry’s largest blockchain network — researchers have found that PoS can complement Bitcoin. Stanford University professor David Tsè spoke to Cointelegraph at the 2023 Bitcoin Builders conference in Miami, Florida, about his team’s findings on Bitcoin, PoS, security and energy consumption. Cointelegraph reporter Joe…