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“Bitcoin is the world’s digital monetary system, and Lightning is Bitcoin’s payments layer,” Cathie Wood, the head of Coinbase’s second-biggest shareholder, ARK Invest, wrote on X in response to Armstrong’s post Wednesday. “Coinbase’s integration with Lightning will give its 100 million users an on-ramp to faster and cheaper bitcoin transactions.
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In addition to the JPM Coin, JPMorgan is now developing another blockchain asset that will function as a deposit token for cross-border transactions. Multinational bank and financial services giant JPMorgan (NYSE: JPM) is developing a blockchain deposit token to smoothen cross-border payments and settlements. According to a person familiar with the project, JPMorgan
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The Fed says its new service will operate for 24 hours every single day. While continuing to use commercial banks as intermediaries, central bank officials have previously said it will allow payments to be processed in a matter of seconds, something that’s already the norm in many other jurisdictions across
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Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore late Thursday said. Source
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Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role
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Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government official indicated. The executive power in Kyiv is now in talks with the central bank and businesses involved in the project to pilot the digital currency as early as this year. Minister Says Ukraine Aims to Launch
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MakerDAO’s new tech, Maker Teleport, enables users of the DAI stablecoin to circumvent Ethereum’s jam-prone base layer. Source
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Each participant operated its own version of the ledger, rather than having the participants act as nodes in a single distributed ledger, the report said. Nevertheless, the participants were able to settle both sides of transactions simultaneously, finding a massive speed boost compared to the current system. While the report
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Helium developers proposed shifting all Helium-based tokens, governance, and economics around the network’s native HNT, DC, IOT and MOBILE tokens onto the Solana blockchain. The move would help scale the Helium network, which has grown to over 1 million “hotspots” in recent months, developers said. Original Source
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As we approach the date of Ethereum’s Merge, users have speculated about what it will mean for projects and the wider ecosystem. Some argue the Merge will have little impact on gas fees and believe transaction speeds might improve.However, in general, most ordinary users will not notice much change. The
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