Ethereum’s value accretion narrative under duress after 19% drop in ETH DApp volumes
ETH price struggles to find reasons to rally after the network’s DApp volumes drop and Ether languishes near the $2,250 support.
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Australian pilot CBDC test for eAUD to commence mid-2023: RBA White Paper
The key objectives of the project are to identify and understand innovative business models, use cases, benefits, risks, and operational models for a CBDC in Australia. 490 Total views 15 Total shares Making it to the list of countries that intend to launch an in-house central bank digital currency (CBDC), the Reserve Bank of Australia…

Coinbase to integrate Bitcoin Lightning network: CEO Brian Armstrong
Lighting Network helps Bitcoin solve its scalability problem and compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions. 641 Total views 13 Total shares Crypto exchange Coinbase has confirmed its decision to integrate layer 2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin (BTC) transactions. Lighting Network (LN) was created

Industry Calls on US Regulator to Open Floodgates on Banks’ Crypto Capabilities
A number of crypto businesses and non-profits have written to the main banking regulator in the U.S. asking for banks to have more authorization to deal with crypto. In response to a request for comment on potential rules from the Office of the Comptroller of the Currency (OCC), many major players in crypto have written…

Demand for PayPal’s crypto offering exceeded all expectations, CEO says
In the next five to 10 years, there will be more changes in the financial system than over the past two decades, PayPal's CEO predicted. 4462 Total views 40 Total shares The demand for cryptocurrency exceeded PayPal’s initial expectations after the firm launched crypto trading in late 2020, according to the company’s CEO.“Demand on the…

FTX CEO says he is exploring rebooting the exchange: Report
FTX Trading, doing business as FTX.com, was one of roughly 130 companies under FTX Group that filed for bankruptcy following the firm's reported liquidity crunch in November. 129 Total views 1 Total shares Own this piece of history Collect this article as an NFTJohn Ray, who took over as CEO of cryptocurrency exchange FTX prior…

Publicly-backed XREX raises $17M to solve dollar liquidity issues through blockchain
Blockchain technology is being posited as a potential solution to U.S. dollar liquidity issues in emerging markets. 321 Total views 3 Total shares Blockchain fintech company XREX has concluded a $17 million pre-A investment round led by a consortium of global investors, underscoring heightened institutional demand for crypto-focused startups. The consortium was driven by CDIB Capital…

BREAKING: BitMEX will pay $100M in penalties to FinCEN, CFTC
Former CEO Arthur Hayes and other executives at the firm are still likely to face charges on alleged violations of the Bank Secrecy Act. 670 Total views 5 Total shares Crypto derivatives exchange BitMEX has agreed to pay up to $100 million to resolve a case from the United States Commodity Futures Trading Commission, or…

University of York Confirms Recent Data Breach Was Caused by Ransomware
A UK-based university is investigating the slow response to a ransomware attack that took place in May. The University of York has confirmed that a ransomware attack from an unnamed gang took place in May. Vulnerabilities from their third-party service provider led to the data breach.According to an announcement via the University’s website, Blackbaud, one…