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Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement. During a key session at the FinTech Symposium in Hong Kong’s Science and Technology Week, the lead of the Digital Currency Institute of the People’s Bank of China Mu Changchun detailed
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Mt. Gox’s Trustee has concluded the process to register its creditors ahead of repayment. The Trustee will make preparations and conduct the necessary verifications before commencing repayment. The repayment process is expected to be completed by 31 October 2023. The creditors of Mt. Gox are one step closer to accessing their funds after
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The first pillar is the soft launch of the ongoing project mBridge, a collaboration between the Bank for International Settlements (BIS) and the central banks of Hong Kong, the Chinese mainland, the United Arab Emirates and Thailand to study cross-border payments and multi-CBDC transactions. Original Source
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press release PRESS RELEASE. Dubai, UNITED ARAB EMIRATES, January 2023, Undeads Metaverse announces the completion of its smart contracts’ security audit conducted by Certik, which included a comprehensive multi-level assessment of Undeads Metaverse in-game smart contracts and product functionality. The focus of the audit was to verify that the smart
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The Hong Kong Monetary Authority presented its completed Aurum retail central bank digital currency (CBDC) prototype on Oct. 21. The system, developed in conjunction with the Bank for International Settlements (BIS) Innovation Hub, has a unique structure that reflects the intricacies of the existing system for issuing money in Hong
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Proprietary trading is when a firm engages in trading of stocks, bonds, currencies or commodities using its own money as opposed to that of its clients. Such activity is fraught with risk and the potential of conflicts of interest for the financial firm should its trades have an effect on
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The Ethereum blockchain has successfully completed its shift away from proof-of-work to proof-of-stake (PoS) consensus following the merge of the Mainnet and the Beacon Chain.The Merge took place on Sep.15 as the network shifted to PoS seamlessly, seeing hardware-based miners replaced by validators that stake Ether (ETH) to process transactions,
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Ether’s (ETH) price jump from mid-July until mid-August may continue to fade as investors seek to better understand the implications of the Merge, Ethereum's tech upgrade that will transform it to a proof-of-stake network, along with future blockchain upgrades, Bank of America said in a note Friday. Original Source
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With the Goerli merger completed successfully, there is rising optimism that the Ethereum Merge scheduled for mid-September will not be delayed further. Goerli was the last surviving testnet to undergo the Merge, officially becoming a proof-of-stake (PoS) blockchain at 1:45 a.m. UTC on August 11. The Goerli testnet merge was
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A major Indian cryptocurrency exchange, Wazirx, has had its bank assets of more than $8 million frozen by the Directorate of Enforcement (ED). The exchange was supposedly acquired by Binance in 2019. However, Binance CEO Changpeng Zhao (CZ) now claims that the acquisition was “never completed.” Wazirx, however, maintains that
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