Peru considering CBDC to improvement payment system: Former IMF adviser

[ad_1] The Central Reserve Bank of Peru (CRBP) has published a paper that it said will be the first in a series to examine the need, design and timing of a Peruvian central bank digital currency (CBDC), John Kiff, research director at the Sovereign Official Digital Association (SODA), reported. The report concentrates on issues relating to a retail CBDC.The status quo of competing payments systems in Peru is untenable, the CBRP

OpenAI needs a DAO to manage ChatGPT

[ad_1] ChatGPT, a large language model that can converse with users, is one of OpenAI’s ground-breaking models. Although there are numerous advantages to this technology, some worry that it needs to be regulated in a way that ensures privacy, neutrality and decentralized knowledge. A decentralized autonomous organization (DAO) can be the solution to these issues.Firstly, privacy is a major concern when it comes to the use of ChatGPT. In order

‘Ludicrous’ idea that Signature Bank’s collapse was connected to crypto, says NYDFS head

[ad_1] Adrienne Harris, superintendent of the New York Department of Financial Services, or NYDFS, has reportedly said the closure of the crypto-friendly Signature Bank in March had nothing to do with exposure to digital assets.According to an April 5 report from The Wall Street Journal, Harris made the remarks at the Chainalysis Links conference in New York City. She reportedly described the events leading up to the failure of Signature

Crypto users react to Satoshi Nakamoto’s 48th birthday

[ad_1] The legendary creator of Bitcoin, Satoshi Nakamoto turned 48 years old today, at least according to information provided to the global network P2P Foundation when they registered.Though the identity of the Bitcoin (BTC) creator and thus their birthday remains unknown to the public, crypto enthusiasts took note of when Satoshi’s age increased by one year on their P2P Foundation profile — suggesting a birthday of April 5, 1975. Crypto

Ethereum price turns bullish ahead of next week’s Shanghai and Capella upgrade

[ad_1] With one week to go until the Ethereum (ETH) Shanghai and Capella upgrades on April 12, all eyes are on Ether. The second largest cryptocurrency by market capitalization shrugged off rumors and regulatory action against exchanges to hit a 7-month high of $1,922 on April 5. Ether price has momentum and here are three strong reasons why.Multiple positive price achievementsAccording to data from Cointelegraph Markets Pro and TradingView, despite market

US Bitcoin reaches tentative settlement to reopen Niagara Falls mining facility

[ad_1] Crypto miner US Bitcoin Corp has come to a tentative agreement with the City of Niagara Falls that will allow it to reopen its mining operation in that city, according to a local news report. A state supreme court judge ordered its plant closed in early March. The settlement still requires the approval of the city council.State Supreme Court Justice Edward Pace ordered the plant’s closing after “weeks of

Nifty Newsletter, March 29–April 4

[ad_1] In this week’s newsletter, learn how artificial intelligence (AI) can make the metaverse safer, according to The Sandbox’s co-founder. Check out how Axie Infinity creator Sky Mavis is building a blockchain gaming ecosystem, and read about nonfungible token (NFT) firm Yuga Labs onboarding a new CEO. In other news, find out how OKX uses the metaverse to engage with football fans, and don’t forget this week’s Nifty News, featuring

Pantera Capital leads $22.5M investment in M^ZERO Labs for decentralized infrastructure

[ad_1] Berlin-based M^ZERO Labs, a company that seeks to build neutral infrastructure linking assets in the global financial system with decentralized applications, has raised $22.5 million in a financing round led by Pantera Capital. The funding round also includes participation from other investors such as Road Capital, AirTree, Standard Crypto, The SALT Fund, ParaFi Capital, Distributed Capital, Kraynos Capital, Mouro Capital, and Earlybird. The company said the funds would be used

CBDCs ‘threaten Americans’ core freedoms’ — Cato Institute

[ad_1] A report from the Cato Institute argues that a United States government-issued central bank digital currency, or CBDC, would usurp the private sector and threaten citizens’ privacy and core freedoms.The U.S. government is investigating the creation of a CBDC — essentially a digital dollar that would be backed by the Federal Reserve. According to analysis from the Cato Institute, a Washington, D.C.-based policy research think tank, this represents a