BLOCKCHAIN

UK’s government-backed Millicent Labs demos a retail full-reserve digital currency

[ad_1] A sandbox test of a retail full-reserve digital currency (FRDC) has been completed in the United Kingdom, distributed ledger fintech company Millicent Labs announced on Thursday. The test was a demonstration for Innovate UK, a branch of the government’s U.K. Research and Innovation, which co-funded the company. An FRDC is a privately issued digital currency pegged to a fiat currency, Millicent said in a statement. It is introducing a suite
Business

UK financial watchdog exec hints at importance of international collaboration on crypto regulation

[ad_1] The chief executive of the United Kingdom’s Financial Conduct Authority, or FCA, said the U.K. government will be working with its counterparts in the United States to address a regulatory framework for cryptocurrencies. In a speech for the Peterson Institute for International Economics on Thursday, FCA chief executive Nikhil Rathi said the U.S. and the U.K. will “deepen ties” on crypto regulation following discussions among regulators at the Financial Innovation
Business

Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry

[ad_1] Most Bitcoin (BTC) traders would rather see a sharp price correction and a subsequent recovery than agonize for multiple months below $24,000. However, BTC has been doing the opposite since June 14 and its most recent struggle is the asset’s failure to break above the $22,000 resistance. For this reason, most traders are holding back their bullish expectations until BTC posts a daily close above $24,000.Events outside of the
Business

WEF introduces cyber resilience framework, index to increase organizational security

[ad_1] The World Economic Forum (WEF) released a white paper on cyber resilience Thursday in which it introduces the organization’s Cyber Resilience Framework (CRF) and Cyber Resilience Index (CRI). The document, prepared in collaboration with professional services company Accenture, followed the WEF’s Global Cybersecurity Outlook, published in January.The Global Cybersecurity Outlook found that only 55% of cyber leaders considered cyber resilience to be integrated into enterprise risk-management strategies. In response,
BLOCKCHAIN

Bill Murray’s biographical NFT project set to be premiered by Coinbase

[ad_1] American actor, writer and comedian Billy Murray is a globally known figure within the entertainment industry following an acclaimed and on-going career that spans six decades.Commencing with The National Lampoon Radio Hour in 1973, Murray’s highlight reel includes Saturday Night Live, Ghostbusters, Groundhog Day, Lost in Translation, and Zombieland, among many other notable screen contributions.Murray has earned a plethora of major accolades — principally a British Academy Film &
BLOCKCHAIN

More than 2.6 million users signed up for the City of Shenzhen’s digital yuan airdrop

[ad_1] According to data obtained from local news outlet Sohu.com, the Shenzhen Chamber of Commerce has recorded over 2.6 million signups for its latest digital yuan, or e-CNY, airdrop. Two months prior, the City of Shenzhen announced that it would be airdropping 30 million of the e-CNY central bank digital currency, or CBDC, to local residents to stimulate consumer spending as a recovery measure to the country's strict coronavirus lockdown. Users
Business

Data transfer network Plaid integrates 4 major crypto exchanges

[ad_1] United States data transfer network Plaid has added four major cryptocurrency exchanges to its platform, giving users the ability to connect their digital asset portfolios to other applications more easily. Crypto platforms Binance.US, Gemini, Robinhood and SoFi are now supported by the Plaid network, the company announced Thursday. Support for additional platforms, such as Blockchain.com and BitGo, is scheduled to commence later this year. We now support leading digital asset
ALTCOIN

Why is there so much uncertainty in the crypto market right now?

[ad_1] In the fourth episode of Market Talks, we welcome YouTube media creator and crypto educator Crypto Wendy O.Crypto Wendy O is a YouTube media creator and crypto educator. Wendy became interested in cryptocurrency and blockchain technology in November of 2017. She has been into crypto full-time since the summer of 2018 and focuses on providing transparent marketing & media solutions for blockchain companies globally. Wendy also provides free education via
Business

CoinFLEX resumes withdrawals, limiting users to 10%

[ad_1] Cryptocurrency exchange CoinFLEX is partially reopening user withdrawals, raising cautious optimism that the company was gradually recovering from liquidity constraints that were triggered by a high-profile client default. Beginning at 5 am UTC on Friday, all CoinFLEX users will be able to withdraw up to 10% of their funds, the company said. All existing withdrawal requests will be canceled and returned to their respective accounts, giving users the ability to
BUY/SELL

Bitcoin analysts weigh sub-$17.5K dip after ‘weak’ BTC price bounce

[ad_1] Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: "No way" Bitcoin bottomed at $17,500Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered around $20,000 on the day.Wall Street opened with losses, the S&P 500 and Nasdaq Composite Index both down around 1.8% at the time of writing.Bitcoin nonetheless managed