Cryptocurrency news - Blockchain
Australian CBDC may be useful for payments, tokenization: Central bank
The Reserve Bank of Australia has wrapped up its CBDC pilot program and outlined four key areas that could be improved by the introduction of central bank-issued digital currency. Australia’s central bank has completed its pilot of a central bank digital currency exploring use c...
Huobi’s Jun Du acquires 10 million CRV tokens to support Curve
Du said the existing challenges were transitory and that he believes the industry would benefit from collective support. Jun Du, the co-founder of Huobi, has purchased 10 million Curve DAO Tokens (CRV) for $4 million from Curve Finance founder Michael Egorov, who is seeking to d...
Missing crypto millionaire found dismembered in suitcase: Report
Fernando Pérez Algaba reportedly ran a crypto trading business in Argentina and is suspected to have been murdered by a professional outfit. A missing cryptocurrency millionaire and Instagram influencer based in Argentina has turned up dead, with police suspecting murder after h...
Korean banks research stablecoin, CBDC alternative
Hana Bank plans to research certificates of deposit tokens, while Woori Bank’s research department has recently released a report on the tokens. Several private banks in South Korea are studying the potential of tokenized deposit technology, an alternative to both private stable...
Fighting fraud and unlocking new Web3 horizons with Concordium — AMA recap
“ID is at the core of every activity so it's better to anticipate regulatory changes and build a compliant infrastructure from the start” — Lars Seier Christensen, founder of Concordium "To achieve true mass adoption, you need to reconcile TradFi and DeFi, which I find increasin...
Vitalik Buterin says Ordinals have revived ‘builder culture’ on Bitcoin
The Ethereum co-founder said new developments on Bitcoin provide "good" pushback against “laser-eye” maximalists. The advent of Bitcoin BTC $30,129 Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin. Buteri...
Taiwan Notes Rise in Bitcoin, Ethereum Use in Bribery Cases
Bitcoin (BTC) and Ethereum (ETH)-powered “bribery” cases are on the rise in Taiwan, the nation’s justice ministry has claimed. Per the China Times, the ministry warned that cash is no longer the only currency used in corruption cases. The ministry said that BTC, ETH, and other...
Italy’s central bank calls for framework to prevent stablecoin runs
Bank of Italy is calling for closer regulator scrutiny of stablecoins, which they say “have not proved stable at all.” Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “ru...
Polygon 2.0 introduces upgrades to tap into ‘Value Layer’ of internet
According to Polygon Labs, Polygon 2.0 will enable users to create, exchange and program value on the internet. On June 12, Polygon Labs announced “Polygon 2.0,” a set of upgrades that seeks to establish the “Value Layer” of the internet, which the company says will allow users...
Optimism successfully completes ‘Bedrock’ hard fork, reducing deposit times, layer-1 fees
The upgrade is part of a series of reforms meant to increase modularity in the OP Stack, allowing developers to spin up their own networks using the software. The Optimism network concluded its “Bedrock” upgrade on June 7, reducing deposit times, lowering layer-1 fees and enacti...