Cryptocurrency Analysis and News Portal
The Federal Reserve Bank of New York’s Innovation Center (NYIC) has completed its proof of concept of a regulated liability network (RLN) in conjunction with nine large financial institutions and the Swift network. The project created theoretical infrastructure to exchange and settle commercial bank deposit tokens and central bank liabilities
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Over the past few years, there has been a notable increase in the inclusion of cryptocurrencies in the portfolios of financial institutions. Cryptocurrencies are the foremost digital assets to be incorporated into investment portfolios by asset managers. While they share some similarities with conventional assets, they possess unique characteristics that
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Japanese financial software firm Soramitsu has announced the signing of a memorandum of understanding with the Bank of the Lao People’s Democratic Republic Payment Systems Department on the launch of a proof-of-concept project for a Laotian central bank digital currency (CBDC). Under the agreement, a digital form of the Lao
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The company displays a range of eco-friendly products, emphasizing its vision of committing to “bring new products, technologies, investments and set up new facilities in India.”Japanese multinational corporation Suzuki Motor Corporation’s Indian Unit has unveiled a concept electric SUV called ‘eVX.” The company announced the new EV at the Auto
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The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-hryvnia. The regulator is currently considering several potential applications for its digital coin, including retail payments and cross-border settlements. Ukraine’s Monetary Authority Introduces Banks and Businesses to E-hryvnia Project The National
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When it was first discovered that FTX might be insolvent, a large slew of crypto exchange executives said that they aimed to provide proof-of-reserves audits. While exchanges like Binance and Crypto.com have provided wallet addresses tied to company wallets, blockchain analytics firm Nansen has detailed the company is in the
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The nonfungible token (NFT) marketplace for American video game retailer GameStop has officially gone live on Ethereum layer-2 blockchain ImmutableX, all part of the latest Web3 push from the gaming retailer. The pair first partnered in February to build the marketplace offering a $100 million grant for NFT content creators and
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"Currently, we are at the forefront of a watershed movement in the evolution of currency that will decisively change the very nature of money and its functions," the RBI said in its concept note. Original Source
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Decentralized autonomous organization CULT DAO, is seeking to advance the decentralized finance revolution, announces Revolt (RVLT), which attracted the attention of Anonymous. The decentralized international activist
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The primary purpose of the Ethereum name service (ENS) is to convert machine-readable identifiers like Ethereum addresses to human-readable names. The web began as a decentralized system based on the DNS, with anybody able to buy, own and manage their domain name and move it from one host to
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