The Bank for International Settlements (BIS) on Tuesday announced that a multi-jurisdiction CBDC pilot spearheaded by BIS Innovation Hub has been successful. The project saw 164 transactions worth nearly $22 million in real-value cross-border payments through a purpose-built multi-CBDC platform – mBridge. Apart from the central banks of Hong Kong, China, Thailand, and the United...Read More
An analysis carried out by the financial services company – Bankrate – determined that US millennials are not as enthusiastic about cryptocurrencies as they were last year. Around 30% said they feel comfortable investing in digital assets compared to 50% in 2021. The Latest Change in Trends Younger generations, including millennials and Generation Z, are...Read More
The Solana blockchain experienced yet another outage late on Friday, but it’s back online after getting restarted. The protocol’s native cryptocurrency dropped by 6% daily as a consequence of the latest network outage. The Solana Status Twitter page informed late last night about the network issues as it stopped processing transactions. Shortly after, Stakewiz –...Read More
The Polkadot price has recently dropped significantly and has been trading below a previously established range for some time. The recent effort leading to the bottom reversal pattern is anticipated to result in a swift rally. The DOT price reached a high of $24.00 before beginning to decline progressively. & later fell dramatically to the...Read More
On Tuesday night, an Ethereum MEV bot gained 800 ETH through the use of clever arbitrage, only to lose all of it and more to a hacker an hour later. Here’s how the situation played out on-chain: The event began with a third-party trader mistakenly losing nearly $2 million to spreads on Uniswap v2 trade....Read More
The long running Ripple vs SEC or the US Securities and Exchange Commission finally seems to find its end after SEC filed for summary judgment. The way the developments are happening around the XRP lawsuit are pointing towards Ripple win. Last week the United States federal district court rejected the Securities and Exchange Commission’s several...Read More
TBD – a Bitcoin-focused wing of Jack Dorsey’s payments company Block – has partnered with Circle to help expand on and off ramps between the worlds of crypto and fiat. The teams intend to bolster some of crypto’s premiere real-world use cases, from cross-border remittances to stablecoin self-custody. Expanding Web 5 According to TBD’s announcement,...Read More
One of the largest telephone operators and mobile network providers in Spain – Telefonica – partnered with the crypto exchange Bit2Me to allow clients to pay for services in digital assets. Cryptocurrency adoption seems to be on a high level in the Iberian country. A few months ago, the leading airline company – Vueling –...Read More
