CoinDesk 20 Performance Update: HBAR Drops 5.1% as Index Trades Lower From Wednesday

October 17, 2024
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Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement. Using blockchain-based technology to expedite such banking processes is now fairly commonplace. 13:06 How Tap-To-Earn Is Advancing Web3 Gaming 10:05 What Cooling Inflation Means for the Crypto Market 02:09 U.S. Inflation

South Korea’s ‘Bit-Island,’ Jeju, Redoubles Crypto Efforts After Losing Regulatory Bid

news After losing out to Busan in the competition to be declared Korea’s blockchain “regulation-free” zone, Jeju Island is redoubling its efforts to stay in the game, according to a report in the Jeju Island Daily News. The island, which lies 282 miles south of Seoul and is also a province, announced on August 13th…

Immutable, Web3 Gaming Platform, Launches zkEVM Testnet in Bid to Diversify Infrastructure

Immutable, a web3 gaming platform, announced today that it is commencing public testing of a new layer-2 blockchain, Immutable zkEVM, in a bid to reduce dependence on a single network infrastructure.The zkEVM is a zero-knowledge (ZK) rollup, a scaling feature aimed at reducing gas fees and increasing transactions, that is compatible with the Ethereum Virtual…

Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief

news Bitcoin might become “digital gold,” but first it needs to be used more in everyday business, Intercontinental Exchange’s chief executive said. During a quarterly earnings call Thursday, ICE head Jeffrey Sprecher said that he sees use in transactions as the prerequisite to bitcoin becoming a long-term store of value. The company’s Bakkt subsidiary, which runs…

Singapore Bank DBS Starts e-CNY Collection Platform

Clients of Singapore bank DBS can now collect payments from customers in e-CNY, China's central bank digital currency (CBDC), according to an announcement on Wednesday.The newly launched merchant collection platform allows businesses automated settlement of e-CNY into their bank deposit accounts. At least one client has already used this platform for a transaction, DBS added.DBS…

A Multibillion-Dollar Cryptocurrency Based on ‘Lies’: US Arrests Alleged OneCoin Leader

news U.S. prosecutors in New York have arrested a “top leader” of the OneCoin project, saying it stole “billions” from investors through an alleged pyramid scheme. The U.S. Attorney for the Southern District of New York (SDNY) has indicted Ruja Ignatova and Konstantin Ignatov on charges of wire fraud, securities fraud and money laundering, claiming…

Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Coinbase's trading volumes are booming in the first quarter, JMP Securities said.The broker sees just as big an opportunity coming from the exchange’s ancillary businesses.JMP has a market outperform rating on the stock with a $300 price target.01:00Dogecoin Climbs 15% on the Potential for Futures05:08Why Did Starbucks' Web3 Project Fail?05:25What Does State Inquiry Mean for

Crypto Community Voices Outrage at Tornado Cash Developer Verdict

A developer of the anonymizing tool Tornado Cash, Alexey Pertsev, was sentenced to spend 64 months in prison.Many members of the crypto community say the decision is outlandish.'S-HERTOGENBOSCH, Netherlands — As 31-year old Russian Alexey Pertsev stood outside the courtroom on Tuesday awaiting a verdict from a judge at the s-Hertogenbosch courthouse in the Netherlands

Bitcoin Eyes Minor Price Bounce But Bear Trend Intact

markets View Bitcoin’s minor recovery rally from six-week lows could be extended further to levels above $3,500 as back-to-back long-tailed daily candles are indicating a lack of conviction among sellers, despite Monday’s high-volume range breakdown. A break above the downward sloping 10-day MA of $3,511 would expose the crucial resistance of $3,658 (the high of…

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