Asian crypto traders profit from Trump’s win, China’s 2025 CBDC deadline: Asia Express
Asian investors trade overnight to catch the Trump-fueled Bitcoin surge, China accelerates digital yuan push: Asia Express
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NFT-optimized Palm Network to become a Polygon ZK Supernet
The Ethereum sidechain will transition to a proof-of-stake network this August and become a full-fledged layer 2 based on Polygon’s zero-knowledge protocol in 2024. 337 Total views 2 Total shares Nonfungible token-focused blockchain Palm Network is about to become a great deal more accessible to users, with plans to transition into being a customized Polygon…
Polygon co-founder proposes zkEVM ‘validium’ upgrade to improve security
Mihailo Bjelic suggested that adding zero-knowledge proof technology could bolster the network’s security while still keeping fees low. 719 Total views 1 Total shares Polygon co-founder Mihailo Bjelic has proposed upgrading the Polygon proof-of-stake (PoS) network to a “zkEVM validium” version, according to a June 20 forum post. If the upgrade is implemented, the new…
Yearn Finance continues acquisition spree with Cover
This morning, Yearn founder Andre Cronje announced the latest in a spate of high-profile mergers and collaborations for the multi-faceted decentralized finance (DeFi) protocol: Yearn Finance will be “joining forces” with market coverage provide Cover. In a blog post, Cronje notes that the merger will be a natural one, as Yearn and Cover developers have been…
Coronarvirus Travel Bans Crippling Crypto
In the United States, President Trump announced new travel restrictions today in response to the spread of the COVID-19 coronavirus. The Commander in Chief signed a Presidential Proclamation suspending the entry of most foreign nationals who have been in certain European countries during the 14 days prior to their scheduled arrival to the U.S. These countries…
Ex-Coinbase execs to launch exchange using PayPal stablecoin for settlement
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Hong Kong Monetary Authority provides update on retail CBDC that may become DeFi onramp
The monetary authority is developing a wholesale CBDC separately and earlier; it is looking at prospective retail use cases despite the lack of an “imminent role” for the currency. 208 Total views 12 Total shares The Hong Kong Monetary Authority (HKMA) published a paper outlining the state of research on its proposed retail central bank…
Redditor could lose young family after crypto trading addiction spirals
A self-confessed crypto trading addict and father of two is facing the dire prospect of losing his family forever after secretly racking up $180,000 in debt from his crypto trading habits. Posting his story on the r/relationship advice subreddit on Feb. 21, Reddit user “Leather_Opposite2135” said he started dabbling in cryptocurrency trading around 2021.Fast forward two…
Texas wants to protect privacy elements of blockchain companies, says Blockcap
According to Darin Feinstein, the Chinese government isn't helping to protect the private property of its crypto miners. 5400 Total views 23 Total shares Crypto mining company Blockcap, which recently announced it would be setting up new offices in Austin, said Texas could become an alluring region for the industry.In an exclusive interview with Cointelegraph,…