The Bank of England (BoE) has become the latest central bank to partner with the Massachusetts Institute of Technology (MIT) on a central bank digital currency (CBDC) research project. The BoE announced the 12-month research partnership recently, revealing that it will specifically be working with MIT Media Lab’s Digital Currency Initiative (DCI) “to explore potential technical challenges, trade-offs, opportunities and […]

Vietnam’s deputy prime minister has instructed the country’s Ministry of Finance to build a legal framework to govern the digital currency industry. In a recent notice, Le Minh Khai bestowed upon the Finance Ministry the authority to oversee the nascent industry in Vietnam. As part of its responsibility, the ministry must formulate a legal framework for the industry, taking into account […]

On Wednesday, LayerZero Labs, a firm that develops protocol to enable omnichain decentralized applications, or dApps, to span multiple blockchains, announced that it raised $135 million in its latest funding round. The deal values LayerZero Labs at $1 billion and will accelerate the development of its namesake protocol. The round was led by notable venture groups and investors such as […]

Texas Sen. Ted Cruz introduced companion legislation into the U.S. Senate on Wednesday for Minnesota Rep. Tom Emmer’s bill prohibiting the Federal Reserve from issuing central bank digital currency, or CBDC, directly to individuals, Emmer announced. Emmer introduced the House bill Jan. 18. Fellow Republican Cruz’ legislation could potentially speed up passage or rejection of the bill by allowing it […]

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. It was released as open-source software in 2009. Bitcoin is the first decentralized cryptocurrency, meaning that it doesn’t have a central authority or governing body. Bitcoin is used worldwide and has been accepted by many merchants. Bitcoin’s popularity in Asia has been increasing and it is becoming […]

Layer-2 Ethereum scaling solution, Polygon (MATIC) has announced the establishment of Polygon ID, an identity platform designed to complement the decentralized finance and decentralized application (DApp) economies by providing users greater privacy and sovereignty within Web3. Professed to be the first identity platform of its kind to adopt cryptographic-based zero-knowledge technology, the platform will utilize Iden3’s Circom ZK toolkit, including […]

Singapore, Singapore, 30th March, 2022, Chainwire APENFT Marketplace Tesnet goes live on March 31, marking a historic moment in the evolution of the TRON NFT ecosystem. APENFT holds unique insights into the development of the NFT markets with a long-term commitment to collecting and managing artworks and crypto collectibles. Building a pragmatic and inclusive NFT platform that engages with the […]

Seven members alleged to be members of the Hong Kong triad have been arrested in connection with the kidnapping of a cryptocurrency trader. The trader was held last year for ransom that amounted to roughly $3.8 million USD. Seven Hong Kong Men Are Now Facing Life Imprisonment The men have been arrested in mainland China and will be handed over […]

To all those familiar with scalability issues plaguing the Ethereum network, the NuGenesis blockchain is a panacea. Existing distributed ledger and blockchain technology systems are primitive and incapable of scaling. To do so would require a complete dismantling of the existing blockchains. Now, NuGenesis has solved the scalability problem. Built with the end in mind, NuGenesis created a consensus protocol […]