Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay. In …
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UK government creates central bank digital currency task force
Her Majesty’s Treasury and the Bank of England have begun preliminary central bank digital currency studies that could result in the creation of a national digital currency. In a document published …
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Mass adoption could lead cryptocurrency to centralization
This is the year cryptocurrency finally starts to break into the mainstream. From Elon Musk and Tesla investing in and accepting Bitcoin (BTC) to the recent nonfungible token craze, the days of blockchain tech …
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NFT searches at ICO-mania levels, a robot and Snoop Dog drop NFTs, and more
Interest in non-fungible tokens, or NFTs, has surged to almost the level of searches for the term ‘ICO’ during the 2017 bull market mania, according to data from Google Trends. …
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Boston Fed and Massachusetts Institute of Technology To Release Digital Dollar Prototypes In July
Researchers at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) will unveil prototype central bank digital currency systems as early as July, according to a new …
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Decentralized technology can help protect democracy around the world
Recent political developments in the United States demonstrate the critical challenges that centralized technology platforms pose to democracy — in stark contrast to the powerful role social media played in …
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Ripple to appoint former Uber exec to lead Southeast Asian expansion
Ripple has appointed a former Uber executive to lead its expansion into the Southeast Asia region, the firm announced on March 18. Brooks Entwistle joins Ripple after serving as Uber’s chief business …
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Phishing attack uses PancakeSwap & Cream domains to steal money
Two decentralized finance projects are reportedly being targeted by a DNS spoofing attack. According to reports from Monday morning U.S. time, PancakeSwap and Cream Finance, two projects deployed on Binance Smart Chain, …
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Eth2 transition to accelerate amid rumblings of a miner rebellion
Ethereum’s developers appear to be hastening the network’s shift toward Proof-of-Stake consensus and away from the Proof-of-Work mining community. On March 11, developer “Mikhail Kalinin” published specifications for Eth2’s future blockchain merge …
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Ethereum or Bitcoin? Where the future of DeFi belongs
Decentralized finance is one of the most promising and indeed the fastest growing ecosystems within the crypto and blockchain space. Total value locked in DeFi — a measure of the …
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