Cryptocurrency Analysis and News Portal
The Bank for International Settlements (BIS) Innovation Hub has presented the final report on its private central bank digital currency (CBDC) initiative, Project Tourbillon. The prototypes built in the project’s framework could allow payment anonymity for CBDC transactions.The 46-page report, published on Nov. 29, explores the concepts of privacy, security
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The Cosmos Hub community is giving the green light to a proposal aimed at reducing the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10% as a security enhancement measure. The objective of this proposal is to decrease the annual interest rate for stakers, with the
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The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, Cosmos (ATOM), from 14% to 10%.According to the proposal, the authorized modification would reduce ATOM’s annualized staking yield from around 19% to approximately 13.4%. The Cosmos Hub is the primary blockchain
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In a Nov. 16 announcement, ChainGPT shared the news that it had integrated Chainlink CCIP, an industry standard for cross-chain interoperability across Ethereum and Polygon. The integration is said to allow users to list, buy and sell prompts between blockchains. Gain access to users In a blog post on the official website, ChainGPT states it
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Blockchain.com’s latest funding reportedly leaves its valuation at less than half of its $14 billion back in 2022. Blockchain.com, the company behind a cryptocurrency wallet and an exchange, has raised $110 in a Series E funding round led by British investment firm Kingsway Capital. According to Bloomberg’s sources, the company’s latest funding
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The direction of X is set to change, with plans to intertwine its social media capabilities with financial tools. Get insights into this transition. Elon Musk, the brains behind Tesla and SpaceX, has a new vision: turning X (previously Twitter) into a one-stop financial hub. After buying and renaming Twitter to X,
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Elon Musk-owned X (formerly Twitter) aims to position itself as a central financial hub, encouraging individuals to consider using it as their primary financial solution instead of traditional bank accounts.According to a report by The Verge, during an all-hands meeting on Oct. 26, Musk expressed his vision for transforming the platform into
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When Musk took over the social media giant last year, he revealed his plans to make the platform an everything app, offering users opportunities to “send money anywhere in the world instantly in real-time”. Elon Musk, the visionary entrepreneur and CEO of Tesla Inc (NASDAQ: TSLA) and SpaceX, is spearheading a
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Coinbase is looking to expand its footprint in Europe amid more crypto-friendly MiCA laws that will allow it to operate in all 27 EU states under a single license. In a major move, crypto exchange Coinbase Glonal Inc (NASDAQ: COIN) has decided that it will select Ireland as its regulatory
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The United States-based cryptocurrency exchange Coinbase is strengthening its presence in Europe and has officially announced Ireland as its chosen main European crypto hub.Coinbase has selected Ireland as its EU entity location of compliance with Europe’s major cryptocurrency regulatory framework known as Markets in Crypto-Assets Regulation (MiCA), the firm announced
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