Author: CryptooTimes
The HKMA intends to continue working with the PBOC to expand the application of the e-CNY. The HKMA plans to work with the Digital Currency Institute to explore including features like name verification, enhancing interoperability in payments and corporate use cases, such as cross-border trade settlement. Source link
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana’s price surged with Archium joining, NEAR gained momentum with Prom’s integration, and KangaMoon’s success sparked altcoin activity. Solana (SOL) has seen a significant price uptrend as the first parallelized confidential computing network announced that it would join its network, known as Archium, which introduces a major expansion to the ecosystem. Alongside this, NEAR Protocol (NEAR) is also showcasing bullishness on the charts, as Prom recently integrated its Data Availability. On the other hand, the altcoin space also spiked…
The Ethereum burn address is a null address where ETH and other Ethereum-based tokens are sent to be permanently removed from circulation. Source link
However, the delivery of the NFTs was late. The customer alleged that the NFTs came with outfits to wear in the metaverse, but the digital outfits that showed up 20 days behind schedule “could be used only in a metaverse platform with barely any users,” the report said. Source link
The blockchain gaming sector witnessed an unprecedented influx of investment capital in April, securing $988 million in funding. Although the first quarter of 2024 saw a cautious approach with a total of $288 million raised among blockchain gaming startups, the beginning of the second quarter signaled a new shift in the investors’ sentiment. According to data compiled by DappRadar, April witnessed an “unprecedented influx of capital” into the web3 gaming sector at $988 million, setting a new record since January 2021. DappRadar blockchain analyst Sara Gherghelas noted that the investment surge in April “has already exceeded the entire second quarter…
XRP whale accumulation and cooling inflation in the U.S. are the top catalysts behind the cryptocurrency’s ongoing price recovery. Source link
Also in March, the ruling AK Party Deputy Chairman of Information and Communication Technologies Ömer İleri said, “We find it very important to carry out a legal study in the field of crypto assets. This legal regulation is primarily a study that will regulate the platforms, but beyond that, it will be a regulation that will protect our citizens and investors.” Source link
Lawmakers, crypto heavyweights and banking executives argue that a SEC policy on crypto custody and accounting harms U.S. investors and stifles innovation, but Joe Biden disagrees. Washington is gearing up for an almighty fight about a controversial SEC ruling. There was a significant breakthrough last week when the House of Representatives voted to repeal Staff Accounting Bulletin (SAB) 121. What is SAB 121? SAB 121 requires public companies to account for and disclose the obligations and risks of safeguarding customers’ crypto assets. The policy is controversial due to its potential to complicate financial reporting and increase operational burdens. These rules…
Initially, the team identified over two million addresses as potential sybils but later refined their criteria to minimize false identifications, resulting in a more precise classification. Source link
The Nigerian court also ruled that the Binance exchange can be served the FIRS tax evasion charges through its executive Tigran Gambaryan. Source link
