Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) have announced a significant collaboration to advance wholesale central bank digital currency (CBDC) solutions, according to the Hong Kong Monetary Authority. The partnership aims to explore new cross-border payment opportunities and strengthen financial innovation. Strengthening financial innovation BDF and HKMA have maintained a close relationship in promoting financial innovation. The latest collaboration marks HKMA’s participation in the second round of the European Central Bank’s (ECB) exploratory work on the Eurosystem. This initiative is an important milestone as it is the first time that a…
Author: Crypto Flexs
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Polygon’s interoperability solution is set to get closer to its final form with Nodekit support. Nodekit integration promises to significantly improve the user experience of AggLayer chains and open up new possibilities for developers. In addition to improving the AggLayer experience, developers are also pushing for integration to help Ethereum better compete with Solana. Last year, Polygon Labs presented a new vision for scaling Ethereum infinitely by horizontally connecting as many blockchains as possible. At the center of the company’s new vision is AggLayer, an interoperability solution designed to allow users to experience interactions between connected chains as if they…
Company • June 27, 2024 5:16 PM EDT Posted 1 minute ago In ~ Giant cryptocurrency exchange Coinbase and payment company Stripe have signed a partnership. Stripe will integrate Coinbase’s Layer 2 network Base into its cryptocurrency payment products, according to a press release issued by Coinbase on Thursday. We plan to add it as a means of purchase. Coinbase customers can also use Base on Stripe’s stablecoin USDC to streamline fiat-to-crypto conversions and facilitate funds transfers to more than 150 countries, the press release said. “Crypto is the future of money because it is not limited by borders or…
Amit KumarNew York UniversityProof Carrying Data from folding GKR with protostarCurrent Interactive Verifiable Computation (IVC) schemes face challenges with the Witness-Multi-Scalar Multiplication (Witness-MSM) barrier, limiting efficiency. We propose leveraging the Goldwasser-Kalai-Rothblum (GKR) accumulation scheme to significantly reduce the witness size, overcoming these limitations. Utilizing the Protostar compiler, we will fold the GKR protocol, enhancing computational efficiency. Furthermore, we aim to extend IVC into a Proof Carrying Data framework, facilitating parallel folding in a tree structure to streamline verification processes and improve scalability.Pratyush MishraUniversity of Pennsylvania and Stanford UniversityZippel: A language and compiler for building proof systemsWe propose Zippel, a new…
According to the app, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have announced that they have completed their annual update to the list of financial service providers recognized under the over-the-counter (OTC) derivatives regulatory framework. .sfc.hk.Annual review and updatesThe annual update process is part of our ongoing efforts to ensure that the list of financial service providers is up-to-date and accurate. This list is essential to maintaining the integrity and supervision of Hong Kong’s OTC derivatives market, mitigating systemic risk and enhancing market transparency.The importance of complianceFinancial institutions on…
A prominent cryptocurrency trader says that one MIME coin, which has seen a massive rally over the past five months, could see even greater gains in the future. In a new strategy session, cryptocurrency analyst Altcoin Sherpa told his 217,600 followers on social media platform X that meme assets are recovering nicely from the recent market crash. According to the trader, one memecoin – dogwifhat (WIF) – Despite already making huge gains this year, it’s poised for a surge. “Some memes are rebounding strongly from local bottoms. WIF will probably go to at least $2.50, MOG is one of the…
President Joe Biden’s former senior advisor Moe Vela shared his thoughts on the possible role of cryptocurrencies in tonight’s presidential debate. The presidential debate between incumbent Joe Biden and former President Donald Trump is probably the most televised event of the year. For cryptocurrency enthusiasts, the debate comes at a time when digital assets like Bitcoin (BTC) and Ethereum (ETH) have become hot topics in Washington. In addition to the approved spot BTC ETF, the anticipated approval of a spot ETH ETF, and crypto legislation like FIT 21, a report from Grayscale Investments and The Harris Poll found that “nearly…
I am working on partially signed bitcoin transactions (PSBT) and have a question about the role of secondary signers in the signing process. I understand that in a multi-signature scenario, each participant must sign the transaction. However, I am wondering if it is possible for the second (or subsequent) signer to add additional data to the transaction in addition to the signature. Here’s what I want to know specifically: Can a second signer add additional metadata or input/output? Does the PSBT format support modifications by the signer other than adding a signature? Any insight or references to the documentation would…
TRX (TRX), the native token of the Tron network, is up 9.5% on a monthly basis in June, significantly outpacing rival tokens Solana (SOL) and Ether (ETH), which are down 9% and 11% respectively during the same period. . Interestingly, the rise in TRX coincided with a wallet linked to Tron founder Justin Sun transferring over $21 million TRX to Binance. Now traders are questioning how sustainable the TRX rally above $0.12 really is.Justin Sun is known to have sent TRX to Binance on June 27th.According to data from Arkham Intelligence, on June 27, Justin Sun transferred 173.8 million TRX…
Galaxy Digital is an exchange-traded fund that tracks Ethereum’s native tokens. ETH +2.76% After approval, this could soon become a multi-billion dollar market opportunity.The U.S. Securities and Exchange Commission (SEC) recently shifted gears to accelerate approval of these funds, with some analysts predicting that the first ETH ETF approval could come next week. The SEC has not yet approved the important S-1 filing required for the funds to hit the market.In a report Wednesday, Galaxy Research Vice President Charles Yu said that in its first five months of trading, the ETH ETF could conservatively see 20% or more than 50%…