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Australian central bank sees no public policy case for retail CBDC

Australia’s Reserve Bank, ConsenSys, Others Launch CBDC Proof of Concept

November 2, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Reserve Bank of Australia (RBA) has joined forces with other financial institutions and ConsenSys Software to launch a research project on wholesale central bank digital currency. The initiative aims to find out the use cases, benefits, as well as implications of the wholesale form of CBDCs, according to a press...

Iranian Authorities Eye Bitcoin (BTC) for Payment of Imports

October 30, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Iranian government has made it compulsory for bitcoin (BTC) miners in the country to sell their coins to the state, so authorities can use the digital currency to pay for imports amidst crippling international sanctions, according to reports on October 30, 2020. Iran Hoping on Bitcoin While Iran is...

bitFlyer Unveils New Fee Structure With the Lowest Fees for US Investors Among Major Regulated Exchanges

October 29, 2020 by Ogwu Osaemezu Emmanuel at Regulation

SAN FRANCISCO, CA / ACCESSWIRE / October 29, 2020 / Major cryptocurrency exchange bitFlyer has announced that it is implementing a new fee structure on its popular Lightning platform. This change will position bitFlyer as the leading, regulated U.S. exchange offering the lowest trading fees in the United States. Built by Wall...

Bitcoin-Friendly Wyoming Grants Avanti a Bank Charter

October 29, 2020 by Ogwu Osaemezu Emmanuel at Regulation

Avanti Bank and Trust have successfully secured a bank charter from the Wyoming State Banking Board, making it the second entity to attain such a feat in the United States, according to a press release on October 28, 2020. Avanti Obtains US Bank Charter Barely one month after Kraken crypto...

Serum Swipes at Ethereum DeFi With Solana-powered 'Swap'

Swap Automated Market Maker Launches on Serum DeFi Platform

October 28, 2020 by Ogwu Osaemezu Emmanuel at DeFi

Serum, decentralized finance (DeFi) platform powered by the Solana distributed ledger technology (DLT) project, has welcomed Swap, an automated market maker (AMM) into its growing ecosystem, according to reports on October 28, 2020. Swap Now Live on Serum As Ethereum, the king of the decentralized finance (DeFi) ecosystem continues its...

Research: Investors’ Interest in Bitcoin (BTC) has Surged in 2020 Amid COVID-19 Crisis

October 28, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Grayscale’s latest “Bitcoin Investor Study” has shown that the number of people interested in pumping in their hard-earned money into bitcoin (BTC) has increased significantly in 2020, as compared to last year. Bitcoin Getting Closer to Mainstream Adoption It’s no news that 2020 has been a relatively good year for...

Central Bank of Banks BIS to Trial Digital Currency by Year’s End

Bank for International Settlements Set to Trial Own CBDC

October 27, 2020 by Ogwu Osaemezu Emmanuel at Regulation

The Bank for International Settlements (BIS), has revealed that it’s collaborating with Switzerland’s central bank to carry out a proof of concept for its central bank digital currency (CBDC) and the project is scheduled to be completed by the end of this year, according to reports on October 26, 2020....

Bybit Integrates Chainlink Price Feeds Into Its Futures Trading Platform

October 26, 2020 by Ogwu Osaemezu Emmanuel at DeFi

SINGAPORE, Oct. 26, 2020 — Crypto trading platform Bybit today announced the successful integration of Chainlink’s Price Reference Data into its futures trading platform. The move comes one week after the listing of LINK on the Bybit platform, and points to a deepening collaboration between Bybit and Chainlink. The initial...

Ontology Builds on Polkadot to Accelerate Adoption Of Decentralized Identity Solution

Ontology (ONT) Taps Polkadot to Boost Mass Adoption of Its DID Solution

October 23, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Ontology (ONT) has announced that it has now built its decentralized identity solutions on the Polkadot network. The move is part of Ontology’s plans to build a Polkadot-parachain that will support credit-based services on decentralized identity and cross-chain communication, according to a blog post on October 23, 2020. Ontology Joins...

VeChain Is Attending the World Artificial Intelligence Conference 2020 Hosted By Shanghai Municipal People’s Government

VeChain (VET) Now Powers Renji Hospital’s Intelligent Tumor Center

October 22, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

VeChain (VET), DNV GL and the Shanghai Renji Hospital have joined forces to build an intelligent tumour centre that will be powered by distributed ledger technology (DLT), according to reports on October 20, 2020. Shanghai Renji Chooses VeChain (VET) Again In another significant development for VeChain (VET), a project that...

BitTorrent Announces DLive Acquisition and Official BitTorrent X Ecosystem

October 22, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

SAN FRANCISCO, CA, October 20, 2020 --BitTorrent Inc., the leader in peer-to-peer (P2P) technology, today announced plans to acquire live streaming platform DLive.tv and migrate all BitTorrent related services to one unified ecosystem named BitTorrent X. BitTorrent X represents the transformation of BitTorrent, a world-renowned peer-to-peer service from a software...

StormX Launches New $1,000 Referral Bonus for Cryptocurrency Cashback Users

October 22, 2020 by Ogwu Osaemezu Emmanuel at Bitcoin

Singapore., Oct. 22, 2020 /PRNewswire/ -- StormX, the pre-eminent Crypto Cash Back and rewards platform, has just announced a new ambitious referral program for StormX — an app that allows users to earn Crypto Cash Back for shopping at over 500 online stores supported by the platform. As part of...

BCG Platinion and Crypto.com DeFi Survey

“We’re Ready for Decentralized Finance,” Claim Traditional Financial Service Institutions

October 22, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Confidence in DeFi rises but fears over security and lack of regulation could derail progress, according to new study by BCG Platinion and Crypto.com. London, 22 October 2020: Decentralised finance (DeFi) is now being taken seriously by traditional finance. In a European-wide survey of financial institutions spanning across insurance, banking,...

Collider Announces $1m Round for New Crypto Venture Builder

October 22, 2020 by Ogwu Osaemezu Emmanuel at Blockchain

Collider Labs, a venture builder for early-stage blockchain and crypto companies, has announced the close of a $1 million investment vehicle. Founding Venture Partner Avishay Ovadia heralded the announcement, saying, “Capital raising in the crypto space has been commoditized. Entrepreneurs are drawn to investors who are capable of providing funding,...

Third Concordium Testnet and Digital Identities are Proving to Be a Hit

October 21, 2020 by Ogwu Osaemezu Emmanuel at Altcoins

Concordium, a new public enterprise blockchain platform offering identity and privacy features, has launched the third version of its testnet earlier this month. The project is offering incentives to users and developers who sign up to help put the platform through its paces ahead of a mainnet launch early next...