Taiwan’s central bank said today it may begin testing a central bank digital currency prototype later this year.The CBDC prototype will not use blockchain or smart contracts. Rather, it will be implemented through Taiwan’s digital ministry’s upcoming government “digital voucher” system.Yang Jin-long, governor of Taiwan’s central bank, briefing On Wednesday, the central bank announced in parliament that it plans to work with the Digital Ministry to develop a CBDC prototype that could be integrated into the ministry’s digital voucher platform. The Taiwanese government has previously issued stimulus vouchers to spur spending.Yang said that in the future, government agencies could issue…
Author: Crypto Flexs
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Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will be undergoing wallet maintenance starting on July 17, 2024 at 07:00 UTC. According to Binance, the maintenance is expected to last approximately one hour. Impact on deposits and withdrawals During the maintenance period, deposits and withdrawals for all networks will be temporarily suspended. Binance has assured users that there will be no impact on trading activity due to this maintenance. Once the network is deemed stable, deposits and withdrawals will resume without further notice. Key points to note Token trading is not…
The application for the first Solana (SOL) exchange-traded fund (ETF) on the Chicago Board Options Exchange (CBOE) has been filed with the U.S. Securities and Exchange Commission (SEC). According to new filings with Cboe, VanEck and 21Shares both applied for Solana futures ETFs yesterday. VanEck executive Matthew Siegel also confirmed the social media platform X’s application for a Solana ETF. “VanEck is excited to announce that CBOE has filed a 19b-4 to list and trade shares of the first Solana exchange-traded fund (ETF) in the United States! We look forward to working with the SEC throughout the review period.” The…
The approval of a spot cryptocurrency ETF, along with the influx of new funds and the inclusion of more traditional gaming companies, shows that Web3 gaming is reaching a turning point. That’s according to Robbie Ferguson, co-founder of game development platform Immutable. “The Web3 ecosystem is at a pivotal point in reaching a future where players have true ownership of their assets and share control of the marketplace with studios. It’s a win-win,” Ferguson told the magazine. This year has been a big year for cryptocurrency adoption, with a spot Bitcoin ETF getting approval in January and a spot Ether…
Blockchain detectives at analytics firm Elliptic alleged in a new report released Wednesday that Cambodia-based marketplace Huione Guarantee was involved in money laundering and other crimes. According to Elliptic, cryptocurrency wallets associated with Huione and independent merchants have received at least $11 billion since its founding in 2021. Elliptic presents this figure as a conservative estimate. “Not all of these transactions can be definitively linked to fraud or other illicit activity, but the nature of Huione Guarantee’s activities suggests that the majority of these payments are related,” the researchers wrote. According to Elliptic, Tether’s USDT +0.12% Stablecoins are one of…
The surge in celebrity meme coins has raised legal concerns about securities law violations and possible SEC crackdowns. Despite scrutiny, memecoins like MOTHER and DADDY are showing significant price resilience and popularity. The surge in celebrity memecoins has gained significant popularity, especially on the Solana (SOL) blockchain. Are celebrity meme coins getting noticed? But this increase has recently sparked speculation among legal experts that celebrities involved in creating and promoting these memecoins on Solana may have violated securities laws. Lawyers predicted that these celebrity-backed memecoins would attract the attention of U.S. securities regulators. Commenting on this, David Chung, Founding Director…
Monday, July 8, 2024 A new case study demonstrates the successful implementation of cross-chain Delivery-versus-Pay (DvP) payments using the EEA DLT Interoperability Specification. The Enterprise Ethereum Alliance (EEA) today announced a new case study demonstrating a successful implementation of the Distributed Ledger Technology (DLT) Interoperability Specification. The DLT Interoperability Case Study highlights a Delivery-to-Pay (DvP) settlement process involving multiple DLT networks. Key findings of the case study include: Successful interoperability between the private permissioned Corda network for securities management and the private permissioned Ethereum network for payments By implementing atomic settlements, as defined by the Bank for International Settlements, we…
The Ethereum Foundation has released a comprehensive update on Devcon 2024, which will take place in Bangkok from November 12-15. The event is expected to be a major gathering for the Ethereum community and will feature ticket sales, speaker sign-up, and a variety of ways to get involved, according to the Ethereum Foundation blog. Ticket sales have begun Devcon 2024 tickets are on sale now. The Ethereum Foundation offers several discounts for builders and local attendees. Ethereum contributors can also claim their own claimable discounts by verifying their Ethereum address or GitHub username. Winners can…
TLDR Nuant has launched a new platform for digital asset management targeting funds, VCs, investors and cryptocurrency firms. The platform offers comprehensive market coverage, including support for 5+ vaults, 30 exchanges, 80 blockchains, and 1000+ DeFi protocols. Key features include an advanced alerting system, integrated SAFE and SAFT tracking, and AI-based strategy design tools. Nuant aims to provide institutional-grade tools to the digital asset sector, particularly in response to the upcoming MiCA regulation. The company is offering the first 100 customers three months free as a launch promotion. Zurich-based Nuant has announced the launch of a groundbreaking platform designed to…
Ethereum’s native token, ether (ETH), has rallied sharply over the past 24 hours, fueled by evidence that institutional investors have capitalized on the early July sell-off to accumulate the second-largest cryptocurrency. Meanwhile, optimism is once again being fueled by VanEck and 21Shares filing an amended application with the U.S. Securities and Exchange Commission (SEC) for an Ethereum exchange-traded fund (ETF).Ethereum Funds See Net Inflows IncreaseThe Ethereum price rebounded by 10.11% on July 9, reaching $3,113, compared to the previous day’s low of $2,830. ETH/USD daily price chart. Source: TradingViewThe ETH/USD rally coincided with the release of CoinShares’ weekly report, which…