Myanmar’s shadow government backs launch of crypto-based bank
The Spring Development Bank is Myanmar’s first financial institution to run entirely on crypto and blockchain. Go to Source Powered by WPeMatico
Month: July 2023
China’s digital yuan nears $250B transaction volume: Central bank governor
While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply. Go to Source Powered by WPeMatico
ChatGPT’s capabilities are getting worse with age, new study claims
Some of ChatGPT’s responses have shown the model’s accuracy deteriorated over the last few months and researchers can’t figure out why. Go to Source Powered by WPeMatico
ZK proofs could change the internet, not just Web3 — Aleo exec
ZK proofs could help online privacy by only revealing relevant user information, solving the internet’s “biggest problem,” says Brennen Schlueter. Go to Source Powered by WPeMatico
Tesla’s diamond hands: EV maker’s Bitcoin holdings see no change in Q2
After purchasing $1.5 billion worth of Bitcoin in 2021, Tesla sold 75% of it in 2022 and is now hanging onto its remaining $184 million Bitcoin stash. Go to Source Powered by WPeMatico
3 reasons why Bitcoin traders anticipate BTC price to briefly sweep the $27.5K level
Overhead resistance levels continue to constrict Bitcoin price expansion, leading some analysts to forecast a brief sweep of the $27,500 level. Go to Source Powered by WPeMatico
South Korean central bank charts out future course of payment systems, CBDC
The BOK 2022 Payment and Settlement Systems Report is a forward-looking document with ambitious plans for financial technology in the country. Go to Source Powered by WPeMatico
No impact from Ripple ruling? SEC chair cites risks from crypto in budget request
Gary Gensler cited the “Wild West of the crypto markets” that was “rife with noncompliance” in requesting more than $2.4 billion for the commission’s 2024 fiscal budget. Go to Source Powered by WPeMatico
Bitcoin’s bullish hype fades, but analyst says PlanB’s stock-to-flow model is still relevant
A popular Bitcoin price model returns to center stage as BTC’s next halving approaches. Go to Source Powered by WPeMatico
Scientists warn the ‘quantum revolution’ may stagnate economic growth
There are “traps” lying in wait for innovators at the vanguard of fintech and quantum computing, according to researchers. Go to Source Powered by WPeMatico