Australian central bank to launch ‘live pilot’ of CBDC in coming months

[ad_1] Australia's central bank is set to launch a "live pilot" of a Central Bank Digital Currency (CBDC) "in the coming months," according to a joint statement from the Reserve Bank of Australia (RBA) and Digital Finance CRC (DFCRC), an Australian financial research institute.The RBA said on Mar. 2 local time said it was collaborating with the DFCRC on a research project to "explore potential use cases and economic benefits

Crypto distribution is uneven among banks as prudential exposure rises: BIS report

[ad_1] Around 20% of banks have exposure to crypto assets, a Bank for International Settlements (BIS) report released Feb. 28 found. The majority of those banks are in the Western Hemisphere. According to the report, which is based on data from the first half of 2022, 17 Group 1 banks reported approximately 2.9 billion euros in crypto asset prudential exposure and 1 billion euros in crypto assets under custody. A Group

Chiliz announces $50M incubator and accelerator program for early-stage blockchain projects

[ad_1] Chiliz, a global company that deals with blockchain for sports and entertainment, has launched its incubator and accelerator program, Chiliz Labs, with the support of Jump Crypto. The $50 million program intends to invest in early-stage blockchain projects that leverage the Chiliz blockchain for sports and entertainment and the partner network. We are pleased to announce the launch of our $50M USD incubator and accelerator programme Chiliz Labs!Backed by

Provenance Blockchain Foundation announces $50M in grants for blockchain development

[ad_1] Provenance Blockchain Foundation has announced a $50 million grant program for blockchain developers to support the development of regulated financial services on blockchain. The grant program promise to award $50 million in HASH, which is the native token on Provenance Blockchain, to developers who build core services and experiences that enable the full digitally-native lifecycle of regulated financial assets on blockchain technology. Developers will be evaluated based on a range

Dummies guide  – Cointelegraph Magazine

[ad_1] For years, Bitcoiners have repeated the mantra “be your own bank.” But in truth, storing any type of crypto in a wallet has been a lot closer to stuffing cash under your mattress than to a complex financial institution like a bank. Admittedly, it’s an improvement in that crypto can be transferred across the globe in minutes and it’s secured with cryptography — but it’s also a lot less

Koii Labs, Idexos launch middleware bridge aiming to replace CEXs

[ad_1] Attacks on bridge technology in 2022 led to the theft of $2.5 billion from decentralized finance (DeFi) protocols, according to a report by Token Terminal. While this could have been a setback for many projects and, thus, for the crypto space, it seems to be fueling infrastructure and security developments.At the ETH Denver 2023, Web3 protocol Koii Labs and software company Idexo announced a new middleware bridge to advance

Ethereum ERC-4337 ‘smart accounts’ launch at WalletCon: Account abstraction is here

[ad_1] Smart accounts, enabled by the launch of the new ERC-4337 standard, are now available on Ethereum and are expected to help mainstream adoption by finally making crypto user friendly.Ethereum Foundation security researcher Yoav Weiss will make the surprise announcement at WalletCon in Denver today that the core contracts for ERC-4337 — known by blockchain developers as “account abstraction” — have passed an audit by Open Zeppelin and will be

Whale sells 1,010 NFTs in 48 hours: Nifty Newsletter, Feb. 22–28

[ad_1] In this week’s newsletter, read about how a whale sold 1,010 nonfungible tokens (NFTs) within 48 hours. The Blur NFT marketplace captured the space’s attention, and the manuscript that coined the term “metaverse” is being auctioned by Sotheby’s. In other news, find out users’ motivations behind their NFT purchases, and don’t forget this week’s Nifty News, featuring a Twitch streamer earning 1,000 ETH in exchange for the Golden Key

SEC, CFTC press civil charges against former FTX exec Singh parallel to criminal case

[ad_1] Civil charges were announced against former FTX director of engineering Nishad Singh on Feb. 28, the same day he entered a guilty plea to three counts of criminal fraud in Manhattan district court. Both the United States Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are pressing charges against Singh.Singh pleaded guilty in the U.S. District Court for the Southern District of New York to

Bitcoin price searches for direction ahead of this week’s $710M BTC options expiry

[ad_1] Bitcoin (BTC) bulls laid most of their options at $24,500 and higher for the March 3 options expiry, and given the recent bullishness seen from BTC, who can blame them? On Feb. 21, Bitcoin price briefly traded above $25,200, reflecting an 18% gain in eight days. Unfortunately, regulatory pressure on the crypto sector increased and despite no effective measures being announced, investors are still wary and reactive to remarks