Binance exit, Bank of Canada talks digital dollar - cyptoranking.com

2024-05-02

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The market seems to be more sensitive to SEC decision-making than it is to interest rates, Butterfill said. Connectivity Binance exit, Bank of Canada talks digital dollarILV Token’s Features: Source: amazing studio/AdobeChinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets.Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and coaches]” from across Asia at special digital yuan “demonstration” booths.The overseas “delegations” were shown how to use the digital yuan to “make purchases” at various stores in and around the Asian Games Village.Athletes and others were able to “experience the safety and convenience” of the coin “first-hand” at the games, which concluded on October 8.The event was the first major international showcase for the coin.And China marked the event by releasing a slew of new CBDC features aimed at foreign visitors.These include an English-language version of the central bank’s digital yuan app and a link to Hong Kong’s FPS payment platform.An excerpt from the Chinese central bank’s CBDC usage guide for foreign travelers. (Source: PBoC/Yicai/Screenshot)State-run banks, meanwhile, have begun promoting the coin to international students at Chinese universities.Per Xinhua (via the China Economic Daily), visitors to China can now “register and open a digital yuan wallet with an overseas mobile phone number.”They can also top up their wallets with overseas Visa and MasterCard bank cards.And non-Chinese residents can also use QR codes from Alipay and UnionPay to make payments in Mainland China “through some overseas wallets.”An Industrial and Commercial Bank of China spokesperson said:“Previously, foreigners coming to China could only ‘pay-as-they-go’ when using digital yuan wallets. But new functions let them ‘top up first, and use later.’ This will make the payment process shorter and make for simpler and more friction-free transactions.”But it appears that the CBDC is not the only Chinese payment system to have benefited from the games.The same media outlet quoted Alipay data as showing that “since the start of the Asian Games, the average number of daily payments made by inbound tourists on Alipay increased by 69%.”Dong Ximiao, the Chief Researcher at the China Merchants Union, stated:“Convenient and novel forms of cross-border payment can optimize the payment experience for overseas tourists coming to China. This will further drive the Chinese retail market.”A Weibo user shares a promotional image explaining how JD.com users can receive CBDC-related discounts. (Source: (年少轻狂最情深661/Weibo)Overseas Visitors’ Digital Yuan ‘Uptake Rising’ – and More Chinese Now Paid in CBDCMeanwhile, more Chinese state-operated firms are now paying their staff in digital yuan tokens.Last month, the state-run bureau that runs financial operations at the Zhongkai High-tech Industrial Development Zone in Huizhou, Guangdong Province, said it would begin paying its staff using the CBDC.And the Huizhou Daily reported that the bureau has now successfully carried out its plan.The media outlet reported that the bureau “paid digital yuan wages to 1,211 [Community Party-appointed officials] and employees in 25 district-level agencies and public institutions.”The move marks the first time workers in the province have received the entirety of their salaries in CBDC tokens.City officials claimed that 649,000 personal digital yuan wallets have been opened in Huizhou thus far.Some 55,000 corporate wallets have also been opened in the city.Earlier this year, the city of Changshu, in Jiangsu Province, said that “all public officials and employees of state-owned enterprises” would be paid in digital yuan starting in May 2023.Biggest Crypto Gainers Today on DEXTools – VS, OPOE, QLINDO

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Since its inception in 2012, the CryptoNight algorithm has undergone significant changes, upgrades and slight modifications to accommodate the different cryptocurrency projects until the ultimate version created by Monero, CryptoNight-R, was introduced. “Until then,” he concludes, “the major potential user here remains crypto degens and DAO treasuries, and perhaps forward-looking neobanks.”AI is the Key To DeFi Liquidity How to buy ETH (Ethereum) on MetaMask: A beginner's ...Despite concerns that Bitcoin Ordinals are clogging the network, there is little evidence to suggest inscriptions are taking blockspace away from higher-value Bitcoin (BTC) monetary transfers.“There is minimal evidence that inscriptions are displacing monetary transfers,” on-chain analytics firm Glassnode explained its Sept. 25 “The Week On-chain” report.The firm explained that this is likely because inscription users tend to set low fee rates, expressing a willingness to wait longer periods of time for confirmation.“Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers.”Bitcoin Ordinals were introduced in February 2023 and have since accounted for the lion’s share of network activity when it comes to daily transaction count. However, this hasn’t necessarily been reflected in its share of mining fees, with inscriptions only attributing to about 20% of Bitcoin transaction fees, Glassnode noted.Inscription fee share between images, text, audio, video and other data types on Bitcoin. Source: GlassnodeMore inscriptions means more revenue — but there’s a catchWhile inscriptions have strengthened the base-load demand for blockspace and increased fees for miners, Glassnode says Bitcoin’s hash rate has also increased 50% since February.This has resulted in tougher competition for miners looking to swoop in on revenue fees, says Glassnode:“With extreme miner competition in play, and the halving event looming, it is likely that miners are on the edge of income stress, with their profitability to be tested unless BTC prices increase in the near term.”Bitcoin is currently priced at $26,216, but many industry pundits expect some degree of price appreciation in the lead-up to Bitcoin’s halving event scheduled for April 2024.Related: Bitcoin Ordinals creator Casey Rodarmor pitches BRC-20 alternative ‘Runes’ Currently, most inscriptions come as a result of BRC-20 tokens, which were introduced one month after Casey Rodarmor launched the Ordinals protocol on Bitcoin in February.On Sept. 25, Rodarmor pitched “Runes” as a potential alternative to BRC-20s, suggesting that an unspent transaction output-based fungible token protocol wouldn’t leave as many “junk” unspent transaction outputs on the Bitcoin network.Magazine: Blockchain games aren’t really decentralized… but that’s about to change Fan tokens proliferate

In an Oct. 8 post on X, Certik, a security-focused ranking platform, reported an exit scam on zkFlex Finance after charts show a 100% in the project’s value. Floki teased Valhalla gameplay and outlined Q4 developments whilst showing stability amid challenges. What Is A Cryptocurrency Presale?In a conversation with NNT, Chen said, “My inspiration comes from the difficulties I encounter when attempting math problems that I can’t find online and my classmates can’t solve. Existing tools are unable to address this issue, so I hope to develop software to tackle this problem as effectively as possible.” Despite the progress made in the video game companies’ adoption of blockchain and Web3 technologies, CoinGecko considers the process relatively slow. The crypto aggregator identified scalability, market acceptance, regulatory uncertainty, and potential security breaches as the factors responsible for the slow adoption.

Gary Wang, FTX’s co-founder and former Chief Technology Officer of the bankrupt exchange, has revealed details of the special privileges the defunct firm granted to sister company, Alameda Research. Options contracts for the quarter on the leading global crypto derivatives exchange are due to expire at month’s end, a timeframe that has traditionally seen heightened market volatility. Dogecoin Users Can Now Checkout Using Doge On Coinbase Commerce|Bitcoinist.com“Rug Pull,” however, doesn’t require machinery. So, who knows where it could go on view next.Lianchuang’s Inspiring Israel Trip Spurs Successful Fundraising for Digital Asset Aid A closer analysis of Ethereum’s current price movements reveals bearish forces. The 9-day exponential moving average (EMA) has risen above the current trading price, settling at $1,656. At the same time, the daily relative strength index (RSI) stands at 41, indicating that the asset is nearing oversold territory.

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