China will expand CBDC trials to most populous province: Report
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen “at a proper time.” Go to Source Powered by WPeMatico
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European Central Bank chooses Amazon and 4 other firms to prototype digital euro app
The five fintech, payments, and e-commerce firms will create front-end prototypes for the digital euro, which will not be used in later phases of the CBDC project. Go to Source Powered by WPeMatico
Environmental groups want Bitcoin to follow Ethereum’s example in moving to proof-of-stake
Critics have suggested Bitcoin could not operate as the same decentralized currency without a consensus mechanism like proof-of-work. Go to Source Powered by WPeMatico
Celsius CEO plans to restructure firm to focus on crypto custody: Report
Alex Mashinsky reportedly made the announcement at a Sept. 8 meeting, at which Celsius discussed possible scenarios for its future after filing for bankruptcy in July. Go to Source Powered by WPeMatico
Crypto miner Poolin offers IOU tokens after suspending withdrawals
“Our priority, for the time being, is to resume withdrawals of as many coins/tokens as possible,” said Poolin. Go to Source Powered by WPeMatico
Abra announces plans for US bank supporting digital assets
Abra announced its international venture and U.S. bank would work with officials to ensure regulatory and legal compliance and planned to launch in 2022 and 2023, respectively. Go to Source Powered by WPeMatico
Trademark applications for crypto, NFTs, and metaverse surge in 2022: Report
Data from March reportedly showed the largest number of U.S. trademark filings in 2022, with 1,078 for NFTs, 604 for cryptocurrencies, and 759 for the metaverse. Go to Source Powered by WPeMatico
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’
“We will make a snapshot of the remaining BTC and ETH balances on pool on September 6th to work out the balances,” said Poolin. Go to Source Powered by WPeMatico
More than 50% of reported Bitcoin trading volume is ‘likely to be fake or non-economic’ — Report
A Forbes analysis of 157 exchanges revealed Bitcoin trading volume may not match up to what the companies claim, particularly if they’re small or unregulated. Go to Source Powered by WPeMatico
Kyber Network offers bounty following $265K hack of decentralized exchange
“As a bug bounty, we are offering you 15% of the funds if you return it and have a conversation with our team,” said Kyber Network. Go to Source Powered by WPeMatico