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The platform will be decentralized, public and non-permissioned, said Fernandez, adding that it will be available for use by any organization, government administration or company wishing to mint verifiable identities, without needing the approval of the city. Source
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U.S. Sen. Elizabeth Warren (D-Mass) says it's time for the U.S. to create its own central bank digital currency Warren spoke with Chuck Todd on his show Meet the Press Reports, scheduled to air at 10:30 p.m. Thursday. NBCUniversal shared a partial transcript of the conversation with CryptoX. Source
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The electronic dollar, as defined in the bill, would be a bearer instrument that people could hold on their phone or a card. The system would be token-based, not account-based, meaning if someone were to lose their phone or card, they would lose the funds. In other words, it'd be
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Since their explosion last year, nonfungible tokens (NFTs) have shown their appeal to collectors, investors and traders alike.They have especially gained attention in the art world, where an item’s provenance is everything, and owning the official, unique version of an item is much more valuable than a copy or duplicate.Some
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Also part of the multi-year partnership, Ellison’s sailing league and Near's developers will work on integrated technology and research and development initiatives, such as ticketing, non-fungible tokens (NFTs), app integration and gaming, as well as global Web 3 community development. Source
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$30 million of the stablecoin has been minted so far. Original Source
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Silvergate Capital purchased Diem’s tech assets for $182 million earlier this year, ending the grandiose ambition of Facebook to create a blockchain payments network. The transaction demonstrated how Facebook, now Meta, is left with few regulator-approved ways to become a key participant in the blockchain ecosystem. Some ex-Meta workers are taking up
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A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC).Deloitte’s analysis, titled State-Sponsored Cryptocurrency, pointed out the need for a complete redesign of the
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Alex Kriete, Co-Head of Digital Assets at Citi, announced his resignation from the banking giant after 11 years at the firm on March 10 via LinkedIn. He stated in his post that he intends to devote himself full-time to developing a new cryptocurrency company but provided no additional details at the
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“Cryptocurrencies do not remain aloof from politics, and they are weakly confirming the role of an alternative to the banking system now,” shared Alex Kuptsikevich, financial analyst at FxPro, in an email to CryptoX. “With a sharp decline over the weekend, bitcoin wiped out the initial gains, gave away the
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