Sweden’s Central Bank, The Riksbank, wraps up E-Krona pilot with focus on offline transactions
Cryptopolitan (RSS)
The Riksbank, Sweden’s central bank, unveiled its fourth and concluding report on the e-krona pilot project on March 20, presenting detailed insights into the digital currency’s offline functionality.
This last phase of the project diverged from its Phase 2 proposition, which primarily used mobile phones for storing offline transaction data. The central bank evaluated an alternative approach incorporating a “shadow wallet” for the online system alongside a payment card. This card is designed to function both as a payment method and a tracker for offline balance adjustments.
The pilot explored four main use cases: loading and unloading funds to the payment instrument, conducting offline payments at points of sale via Near Field Communications (NFC), executing offline...
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Cryptopolitan (RSS)
The Riksbank, Sweden’s central bank, unveiled its fourth and concluding report on the e-krona pilot project on March 20, presenting detailed insights into the digital currency’s offline functionality.
This last phase of the project diverged from its Phase 2 proposition, which primarily used mobile phones for storing offline transaction data. The central bank evaluated an alternative approach incorporating a “shadow wallet” for the online system alongside a payment card. This card is designed to function both as a payment method and a tracker for offline balance adjustments.
The pilot explored four main use cases: loading and unloading funds to the payment instrument, conducting offline payments at points of sale via Near Field Communications (NFC), executing offline...
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Coinbase Warns of Base Network Congestion, High Fee Menace
CoinGape (RSS)
According to a published Status Update, there has been an increase in transaction fees on the Base Network owing to another Coinbase congestion saga.
Coinbase Congestion Triggers High Gas Fee
The American cryptocurrency exchange shared an update informing its users of the sudden high network traffic on the Ethereum-based Layer-2 protocol causing an equally high transaction fee. Consequently, Coinbase clarified that some user transactions that were earlier submitted with lower fees may be kept on “pending” status.
Any user who comes across such a situation is advised to cancel it and resubmit with the newly stated transaction gas fee. Those who are unable to cancel their transactions would be required to wait until the Coinbase congestion reduces when the transaction will be completed at the initial subsid...
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CoinGape (RSS)
According to a published Status Update, there has been an increase in transaction fees on the Base Network owing to another Coinbase congestion saga.
Coinbase Congestion Triggers High Gas Fee
The American cryptocurrency exchange shared an update informing its users of the sudden high network traffic on the Ethereum-based Layer-2 protocol causing an equally high transaction fee. Consequently, Coinbase clarified that some user transactions that were earlier submitted with lower fees may be kept on “pending” status.
Any user who comes across such a situation is advised to cancel it and resubmit with the newly stated transaction gas fee. Those who are unable to cancel their transactions would be required to wait until the Coinbase congestion reduces when the transaction will be completed at the initial subsid...
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3 reasons why Binance’s BNB could rally to a new all-time high
Cointelegraph.com News (RSS)
BNB price could aim for new highs as multiple metrics point to Binance remaining a major player in the crypto sector.
Cointelegraph.com News (RSS)
BNB price could aim for new highs as multiple metrics point to Binance remaining a major player in the crypto sector.
Protocol Village: Morph EVM Raises $19M in Seed Round Led by Dragonfly
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 21-26.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 21-26.
Breaking: Coinbase Files To List DOGE, LTC and BCH Futures Trading
CoinGape (RSS)
American cryptocurrency exchange Coinbase Global Inc. is looking to list a few digital assets Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE) Futures trading.
Dogecoin, Litecoin, and Bitcoin Cash Futures Trading Set For April 1
The Commodity Futures Trading Commission (CFTC) received a filing from Coinbase Derivatives LLC detailing its intention for the regulated United States Futures. Notably, the filing was submitted on Thursday, March 7th and it successfully went unnoticed by many community members.
In the meantime, no response has been received from the CFTC but if there are no objections from the Commission, the products including Dogecoin Futures ETF will be available for trading from April 1. The X user who posted the news, Summers, highlighted that the new development would be a plus for ...
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CoinGape (RSS)
American cryptocurrency exchange Coinbase Global Inc. is looking to list a few digital assets Litecoin (LTC), Bitcoin Cash (BCH), and Dogecoin (DOGE) Futures trading.
Dogecoin, Litecoin, and Bitcoin Cash Futures Trading Set For April 1
The Commodity Futures Trading Commission (CFTC) received a filing from Coinbase Derivatives LLC detailing its intention for the regulated United States Futures. Notably, the filing was submitted on Thursday, March 7th and it successfully went unnoticed by many community members.
In the meantime, no response has been received from the CFTC but if there are no objections from the Commission, the products including Dogecoin Futures ETF will be available for trading from April 1. The X user who posted the news, Summers, highlighted that the new development would be a plus for ...
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Judge Approves Probe into Sullivan & Cromwell’s Ties with FTX
CoinGape (RSS)
The bankruptcy court has approved an extensive probe into the relationship between Sullivan & Cromwell LLP, a leading law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. This ruling is a stepping-stone to the scrutiny of the legal firm’s role and actions prior to and during FTX’s bankruptcy proceedings.
Scrutiny Over Sullivan & Cromwell’s Involvement
The authorized inquiry will investigate the possible conflicts of interest and the levels of Sullivan & Cromwell’s engagement with FTX before filing for bankruptcy. The investigation is currently underway following allegations and lawsuits that have cast doubts on the conduct of the law firm and its advisory functions to FTX. Having billed over $170 million to the FTX estate for...
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CoinGape (RSS)
The bankruptcy court has approved an extensive probe into the relationship between Sullivan & Cromwell LLP, a leading law firm, and FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022. This ruling is a stepping-stone to the scrutiny of the legal firm’s role and actions prior to and during FTX’s bankruptcy proceedings.
Scrutiny Over Sullivan & Cromwell’s Involvement
The authorized inquiry will investigate the possible conflicts of interest and the levels of Sullivan & Cromwell’s engagement with FTX before filing for bankruptcy. The investigation is currently underway following allegations and lawsuits that have cast doubts on the conduct of the law firm and its advisory functions to FTX. Having billed over $170 million to the FTX estate for...
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FTX Was Down to Last 105 Bitcoins When Bankruptcy Rescue Crew Arrived: John Ray
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
John J. Ray III Fires Back Against SBF’s ‘Delusional’ Claims Customers Lost No Money in FTX Collapse
PEPE Marks Leads Crypto Gains as Memecoin Frenzy Continues
CoinGape (RSS)
As the memecoin frenzy dominated investor narratives in the last days, PEPE and other coins doubled down on pre-recorded gains spanning back to 2023. PEPE posted 24-hour trading volumes of $1.7 billion with a market cap of $3.49 billion.
PEPE’s astonishing growth can be seen over a month of bullish momentum gaining over 590% as investors continue to pump assets to memecoins.
The memecoins drive attracted investors as it spiked over 14,000% since its launch spurring fresh investment for memecoins.
Other altcoins including FLOKI, AIOZ Network, and Stacks also posted double-digit gains amid the wider cryptocurrency market downturn.
Whales Back PEPE
The upward direction of the memecoin is bolstered by the activities of some large holders amassing the asset leading to wider community participation. This month, data fro...
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CoinGape (RSS)
As the memecoin frenzy dominated investor narratives in the last days, PEPE and other coins doubled down on pre-recorded gains spanning back to 2023. PEPE posted 24-hour trading volumes of $1.7 billion with a market cap of $3.49 billion.
PEPE’s astonishing growth can be seen over a month of bullish momentum gaining over 590% as investors continue to pump assets to memecoins.
The memecoins drive attracted investors as it spiked over 14,000% since its launch spurring fresh investment for memecoins.
Other altcoins including FLOKI, AIOZ Network, and Stacks also posted double-digit gains amid the wider cryptocurrency market downturn.
Whales Back PEPE
The upward direction of the memecoin is bolstered by the activities of some large holders amassing the asset leading to wider community participation. This month, data fro...
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BlackRock receives memecoins, NFTs after depositing $100M USDC onchain
Cointelegraph.com News (RSS)
The transfers ranged from Bitcoin-based Ordinals Pepe (PEPE) coin to a CryptoDickbutts S3 NFT.
Cointelegraph.com News (RSS)
The transfers ranged from Bitcoin-based Ordinals Pepe (PEPE) coin to a CryptoDickbutts S3 NFT.
Elon Musk’s first brain chip patient plays online chess with his mind
Cointelegraph.com News (RSS)
The first patient to be implanted with Musk’s Neuralink device described the experience as “using the force” to control his computer.
Cointelegraph.com News (RSS)
The first patient to be implanted with Musk’s Neuralink device described the experience as “using the force” to control his computer.
BlackRock Enters Asset Tokenization Race With New Fund on the Ethereum Network
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
"This is the latest progression of our digital assets strategy," said Robert Mitchnick, BlackRock’s Head of Digital Assets.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
"This is the latest progression of our digital assets strategy," said Robert Mitchnick, BlackRock’s Head of Digital Assets.
How Grayscale’s spot ETF caused Bitcoin to plunge hard
Cryptopolitan (RSS)
The crypto market witnessed a spectacle last week, akin to watching a high-wire act where the star performer, Bitcoin, take a literal fall from grace. After a recent trailblazing performance, where Bitcoin was at the stratosphere, reaching a new all-time high of $73,800, it plummeted to a jarring low of $60,760. This sudden descent was a significant drop of 16%, leaving market watchers and investors in a state of bewilderment. And now the spotlight turns to Grayscale, the giant behind the largest Bitcoin exchange-traded fund, and its role in this high-stakes drama.
A Torrent of Outflows and the Grayscale Effect
As the curtain rose on this week, the crypto market saw reversal of fortunes for Bitcoin ETFs. Asset manager CoinShares threw light on a...
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Cryptopolitan (RSS)
The crypto market witnessed a spectacle last week, akin to watching a high-wire act where the star performer, Bitcoin, take a literal fall from grace. After a recent trailblazing performance, where Bitcoin was at the stratosphere, reaching a new all-time high of $73,800, it plummeted to a jarring low of $60,760. This sudden descent was a significant drop of 16%, leaving market watchers and investors in a state of bewilderment. And now the spotlight turns to Grayscale, the giant behind the largest Bitcoin exchange-traded fund, and its role in this high-stakes drama.
A Torrent of Outflows and the Grayscale Effect
As the curtain rose on this week, the crypto market saw reversal of fortunes for Bitcoin ETFs. Asset manager CoinShares threw light on a...
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U.S. Lawmakers edge closer to stablecoin legislation agreement
Cryptopolitan (RSS)
Representatives from both houses of the U.S. Congress have indicated progress toward the introduction of a stablecoin bill within the current legislative year. Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.) provided updates on the status of this potential legislation during Coinbase’s Update the System Summit in Washington. Despite uncertainties regarding the exact timing, their statements suggest a concerted effort to regulate stablecoins is underway.
Rep. McHenry, the chairman of the House Financial Services Committee, remarked on the collaborative work with Rep. Maxine Waters (D-Calif.) in crafting a stablecoin bill. He noted that recent disruptions in Congress, primarily due to debates over federal spending, temporarily sidelined crypto legislation. However, McHenry affirmed that a “workable frame” for the stablecoin bill has been established in the House, pending a floor vote.
The ...
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Cryptopolitan (RSS)
Representatives from both houses of the U.S. Congress have indicated progress toward the introduction of a stablecoin bill within the current legislative year. Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.) provided updates on the status of this potential legislation during Coinbase’s Update the System Summit in Washington. Despite uncertainties regarding the exact timing, their statements suggest a concerted effort to regulate stablecoins is underway.
Rep. McHenry, the chairman of the House Financial Services Committee, remarked on the collaborative work with Rep. Maxine Waters (D-Calif.) in crafting a stablecoin bill. He noted that recent disruptions in Congress, primarily due to debates over federal spending, temporarily sidelined crypto legislation. However, McHenry affirmed that a “workable frame” for the stablecoin bill has been established in the House, pending a floor vote.
The ...
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FTX Chief Executive Says Exchange Holds Only 105 BTC After Crisis
Coincu (RSS)
FTX chief executive accuses founder Bankman-Fried of peddling false claims about the harm caused by FTX's collapse.Read more...
Coincu News
Coincu (RSS)
FTX chief executive accuses founder Bankman-Fried of peddling false claims about the harm caused by FTX's collapse.Read more...
Coincu News
US Stablecoin Bill Is Being Promoted To Pass By 2024
Coincu (RSS)
Representative Patrick McHenry is optimistic about the passage of cryptocurrency legislation, particularly a US stablecoin bill.Read more...
Coincu News
Coincu (RSS)
Representative Patrick McHenry is optimistic about the passage of cryptocurrency legislation, particularly a US stablecoin bill.Read more...
Coincu News
Best AI Crypto Trading Bots For 2024!
Coincu (RSS)
AI crypto trading bots operate on single or multiple cryptocurrencies across various platforms, executing tasks automatically for users. Read more...
Coincu News
Coincu (RSS)
AI crypto trading bots operate on single or multiple cryptocurrencies across various platforms, executing tasks automatically for users. Read more...
Coincu News
UK’s inflation sees a dip to 3.4% – but don’t rejoice just yet
Cryptopolitan (RSS)
Before you pop the champagne and throw a party over the UK’s latest inflation figures, let’s calm down for a second. Yeah, it’s true—the number has tumbled down to a cozy 3.4%, hitting its lowest point since the days when we were all blissfully unaware of what 2021 had in store for us. This surprising dip is a breath of fresh air for those steering the ship at Downing Street, particularly with Rishi Sunak in charge, amidst a sea of challenges. But before you start dreaming of a summer filled with interest rate cuts, let’s get into what this really means for the UK.
A Closer Look at the Numbers
The decrease to 3.4% in consumer prices for the year leading up to February did one better than the 3.5% forecasted by economists. But remember, this is still higher than anyone wants it to be. The Bank of England had us all on the edge of our seats,...
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Cryptopolitan (RSS)
Before you pop the champagne and throw a party over the UK’s latest inflation figures, let’s calm down for a second. Yeah, it’s true—the number has tumbled down to a cozy 3.4%, hitting its lowest point since the days when we were all blissfully unaware of what 2021 had in store for us. This surprising dip is a breath of fresh air for those steering the ship at Downing Street, particularly with Rishi Sunak in charge, amidst a sea of challenges. But before you start dreaming of a summer filled with interest rate cuts, let’s get into what this really means for the UK.
A Closer Look at the Numbers
The decrease to 3.4% in consumer prices for the year leading up to February did one better than the 3.5% forecasted by economists. But remember, this is still higher than anyone wants it to be. The Bank of England had us all on the edge of our seats,...
View original post
Credit card debt is crippling U.S. economy – Here is how
Cryptopolitan (RSS)
Last year, the amount U.S. consumers coughed up for credit card expenses skyrocketed to nearly 50% more than in 2020, the year Joe Biden stepped into office. We got the Republicans shouting from the rooftops, claiming this is the smoking gun of a cost of living crisis under ol Joe’s watch. Meanwhile, credit card interest and fees ballooned by $51 billion, reaching a jaw-dropping $157 billion, as reported by U.S. banks to the Federal Deposit Insurance Corporation. If that doesn’t sound like an economic crisis, I don’t know what does.
Credit Card Costs Skyrocket
Digging deeper, we find that delinquencies on credit card loans are dancing at their highest tune in almost 13 years, per Moody’s. It’s like a twisted ballet where consumers are falling behind, and banks are raking in record profits from credit card lending. As the U.S. ...
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Cryptopolitan (RSS)
Last year, the amount U.S. consumers coughed up for credit card expenses skyrocketed to nearly 50% more than in 2020, the year Joe Biden stepped into office. We got the Republicans shouting from the rooftops, claiming this is the smoking gun of a cost of living crisis under ol Joe’s watch. Meanwhile, credit card interest and fees ballooned by $51 billion, reaching a jaw-dropping $157 billion, as reported by U.S. banks to the Federal Deposit Insurance Corporation. If that doesn’t sound like an economic crisis, I don’t know what does.
Credit Card Costs Skyrocket
Digging deeper, we find that delinquencies on credit card loans are dancing at their highest tune in almost 13 years, per Moody’s. It’s like a twisted ballet where consumers are falling behind, and banks are raking in record profits from credit card lending. As the U.S. ...
View original post
What Positive Impacts Might Audio Deepfakes Have Beyond Deceptive Practices?
Cryptopolitan (RSS)
In the realm of emerging technologies, audio deepfakes have captured attention, not only for their potential to deceive but also for the untapped opportunities they present. In recent discourse surrounding the topic, concerns about fraudulent activities and misinformation have dominated headlines. However, amidst these apprehensions lies a nuanced narrative—one that highlights the bright side of audio deepfakes. Despite their controversial nature, these synthetic voices offer a glimpse into a future where innovation intersects with positive societal impacts.
Unveiling the positive potential of audio deepfakes
In the age of digital interconnectedness, safeguarding personal privacy has become increasingly paramount. Here, audio deepfakes emerge as a surprising ally. Nauman Dawalatabad, a distinguished postdoctoral researcher, underscores the pivotal role of this technology in preserving pri...
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Cryptopolitan (RSS)
In the realm of emerging technologies, audio deepfakes have captured attention, not only for their potential to deceive but also for the untapped opportunities they present. In recent discourse surrounding the topic, concerns about fraudulent activities and misinformation have dominated headlines. However, amidst these apprehensions lies a nuanced narrative—one that highlights the bright side of audio deepfakes. Despite their controversial nature, these synthetic voices offer a glimpse into a future where innovation intersects with positive societal impacts.
Unveiling the positive potential of audio deepfakes
In the age of digital interconnectedness, safeguarding personal privacy has become increasingly paramount. Here, audio deepfakes emerge as a surprising ally. Nauman Dawalatabad, a distinguished postdoctoral researcher, underscores the pivotal role of this technology in preserving pri...
View original post