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BIS Innovation Hub presents its ‘private CBDC’ project

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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Cosmos Hub greenlights ATOM inflation cut for security boost

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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ChainGPT integrates Chainlink to unlock cross-chain crypto hub

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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Crypto hub Blockchain.com raises $110m in Series E funding

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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Elon Musk’s X aims to revolutionize finance as a central hub

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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Coinbase selects Ireland as its European crypto hub

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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