Current CBDC Models Aren't Viable for Everyday Transactions: Copper's Research Head
5.7.2023
In an interview with The Block, Fadi Aboualfa, the head of research at crypto brokerage Copper, expressed that the existing Central Bank Digital Currency (CBDC) models are "not a viable cash equivalent that people could use in daily transactions."
Aboualfa raised doubts about CBDCs despite...
Crypto Trading Volumes Rise for First Time in 3 Months Amid ETF Optimism
5.7.2023
Even so, spot trading volumes are at historically low levels
Crypto-friendly DBS Bank launches digital yuan payment tool
5.7.2023
Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen
India negotiates cross-border CBDC payments with global central banks
5.7.2023
The CBDC should enhance the country's potential for foreign trade with nations that lack U.S. dollar reserves
Ethereum Users Propose ERC 7265 to Thwart DeFi Hacks – How Does it Work?
5.7.2023
Members of the Ethereum community have proposed a new standard meant to improve the security of decentralized finance (DeFi) protocols and mitigate hacks.
The attacks on DeFi protocols have become all too common, draining billions in user funds. According to DeFiLlama, around $6.6 billion...
Inborg Upgrade for Polygon PoS Network through two proposals
5.7.2023
The Polygon Improvement Proposal (PIP) infrastructure, which is similar to the EIP infrastructure, sets in place a coordination layer in the case of all upgrades carried out on the Polygon PoS. This provides the opportunity for the ecosystem consensus to be introduced in the forum and the Polygon...
Aave Holders Vote on Proposal for DeFi Protocol to Convert 1,600 Ether Into wstETH and rETH
5.7.2023
Holders of Aave, the token that underpins its namesake's decentralized finance (DeFi) protocol, are taking part in a governance vote that will decide whether 1,600 ether (ETH) in the protocol's treasury will be converted to wrapped staked ether (wstETH) and rocket pool ether (rETH)
Accept the ‘Best and Final Offer’ or Face Legal Action Gemini’s Cameron Winklevoss Tells DCG Founder
5.7.2023
According to Cameron Winklevoss, the co-founder of the crypto exchange Gemini, a lawsuit will be filed on July 7 against Barry Silbert and the Digital Currency Group if the latter two fail to accept creditors’ “best and final offer.” Winklevoss also vowed to work with...
Clarity needed on crypto lending regulations - UK Law Commission
5.7.2023
The Law Commission’s recommendations highlights the need to clarify whether cryptocurrency lending falls under existing financial collateral regulations
Loopring L3 now live on Taiko alpha-3 zkEVM testnet
5.7.2023
Loopring recently announced deploying its L3 on the Taiko alpha-3 zkEVM testnet. The integration allows Loopring to achieve better scalability and optimized experiences for its dApps and smart wallet. The news was shared through a string of tweets by Loopring. The tweets stated that Loopring...
Music with AI elements can win a Grammy, Recording Academy CEO says in report
5.7.2023
The CEO of the Recording Academy, known for its yearly Grammy awards, reportedly clarified that music with AI-created elements is eligible for award nominations
South Africa to mandate crypto exchange licenses by year-end: Report
5.7.2023
South Africa reportedly becomes the first country on the continent to require that digital asset exchanges secure licenses