Qatar Central Bank in ‘foundation stage‘ of launching digital currency
The bank is exploring technological solutions and platforms for its own digital currency. Source link
Bitcoin price wicks below $20K as whales send 50K BTC to exchanges
Bitcoin (BTC) saw a dramatic change of mood into June 22 as multi-day highs gave way to a fresh dive under $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC could see accumulation below key trendline Data from Cointelegraph Markets Pro and TradingView showed BTC/USD abruptly halting its latest gains to hit lows of $19,947…
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Roxe Holding in talks for listing on Nasdaq via $3.6B SPAC deal
Goldenstone Acquisition Ltd, a special-purpose acquisition firm (SPAC), has announced plans to go public with blockchain-based payments firm Roxe Holding Inc. As per the Wednesday announcement, the SPAC has agreed to a $3.6 billion merger with the global blockchain payments firm, which will see Roxe listed on the Nasdaq under the ticker ROXE. Roxe is…
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Crypto resonates better with BIS’ vision of ideal monetary system
In its continued efforts to identify the ideal future monetary system, The Bank of International Settlements (BIS) revealed the edge of the crypto ecosystem over the present-day fiat economy when it comes to fulfilling the policy goals. While sharing its vision for the future monetary system, the BIS outlined eight high-level goals it hopes to…
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Bitcoin miners sold their entire May harvest: report
The cryptocurrency market entered a sell-off phase in the first week of June, seeing a market-wide route with the majority of cryptocurrencies falling to a 4-year low. The deteriorating market conditions have also affected Bitcoin (BTC) mining profitability adversely, forcing miners to liquidate their BTC holdings. New data from Arcane research shows that public Bitcoin…
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Tether to launch GBPT stablecoin pegged to British pound sterling
Tether expects to be part of industry innovation in the United Kingdom as the country is planning to adopt stablecoins as a means of payment. Source link
Blockchain isn’t as decentralized as you think: Defense agency report
Distributed ledger technology (DLT) and blockchains including Bitcoin and Ethereum may be more vulnerable to centralization risks than initially thought, according to Trail of Bits. The security firm on Tuesday released its report titled “Are Blockchains Decentralized?”, which was commissioned by the U.S. Government’s Defense Advanced Research Projects Agency (DARPA). The report aims to investigate…
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BIS compares projects to transfer central bank digital currencies across borders
The Bank of International Settlements (BIS) Innovation Hub released a report Tuesday looking at four projects that examined wholesale central bank digital currency (CBDC) transfers across borders. The projects demonstrated the technical feasibility of the transfers, the BIS found, but practical and policy issues remain outstanding. The report considered the Jura project involving the central…
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Colombia’s new president seems to be a fan of Bitcoin
Gustavo Petro, who recently won the 2022 Colombian presidential election, has previously made statements in favor of cryptocurrencies. Petro will replace Iván Duque Márquez as the president of Colombia on August 7 for four years after winning the second round of a run-off election on Sunday. The president-elect took to social media in December 2017…
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Bank of Israel experiments with central bank digital currency smart contracts and privacy
The Israeli central bank looked at trust issues and policy decisions implied in a potential digital shekel, as well as some of the technical aspects of digital currency. Source link