Bitcoin and other cryptographic forms of money endured heavy misfortunes last week on the worry that US President Joe Biden’s arrangement to raise capital increases assessments will check interest in advanced resources. The selloff came after reports that the Biden organization is arranging a pile of proposed changes to the US charge code, including an arrangement to almost twofold duties [...]

The post Bitcoin Price Suffers Hefty Losses for the First-Time in Months appeared first on Coin News Asia.

In a recently published report, Australia’s Senate committee on Technology and Finance laid down several recommendations for the government on the question of smart contracts, data standards, and th

The post Why Australia's central bank isn't buying the public policy case for CBDC launch appeared first on AMBCrypto.

The world's two largest economies compete on everything from trade to artificial intelligence. New battle lines are being drawn in blockchain, too.

It’s still early days, but Mastercard is examining how smart contracts can help central banks develop digital cash.

Mastercard's chief executive discussed the payments firm's ambitions in the area of central bank digital currencies (CBDCs) during a Thursday earnings call.

The post Mastercard highlights applications beyond payments for central bank digital currencies appeared first on The Block.

VISA, the payment processing giant today had a Q2 earnings call where the firm talked about various aspects of their growth and roadmap in the coming quarter, however, the most significant aspect was the discussion around cryptocurrencies and companies’ plans of enabling crypto purchase through their network. During the discussion, President and CEO Alfred Kelly

The post VISA CEO Says Bitcoin is Like Digital Gold During Q2 Earning Call appeared first on Coingape.

Quick Take

• Low-volatility tokens are loosely pegged to a certain price band in the near term, but their price can drift over time with their ever-changing target price determined by algorithms
• Reflexer, Float Protocol, and Olympus DAO are some of the notable examples of low-volatility tokens that borrow a lot of features from existing decentralized and algorithmic stablecoins
• These tokens need to generate organic demand regardless of their underlying algorithms that dampen short-term price volatility

US Federal Reserve Chairman Jerome Powell insists he’s not concerned with China piloting a CBDC ahead of the US.

The Bank of England and HM Treasury recently announced plans to create a Central Bank Digital Currency (CBDC). This is potentially the first step for a digital currency issued by the Bank of England that would exist alongside cash and other payment methods, rather than replacing them outright. Central banks worldwide are growing concerned at the pace […]

Read full post The Bank of England and HM Treasury announce plans to create a CBDC. on Chaintimes.com.

Dogecoin's (DOGE) most recent exponential hike had many crypto skeptics, as well as enthusiasts, analyze the reason behind the rally. With vocal support from the likes of Tesla's Elon Musk and Dallas

The post What is Fed Chair Jerome Powell's take on Dogecoin? appeared first on AMBCrypto.

Orbs, a company that is creating an open-source blockchain, and Krystal, a crypto wallet that offers major functionality in a single place, are working together to make DeFi easy for everyone. Orbs recently announced a new platform called Liquidity Nexus, which allows liquidity farmers to provide ETH, but still, earn in ETH/USDC. According to a [...]

The post Orbs & Krystal Team Up to Focus on DeFi appeared first on Blockonomi.

Sky Mavis announced the launch of Phase 2 of Ronin, its Axie Infinity sidechain built to address network congestion and increasing gas fees on the Ethereum blockchain.

The post Axie Infinity’s Ronin Phase 2 is Now Live (April 29, 2021) appeared first on BitPinas.