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Mar 16, 2023 11:12 UTC | Updated: Mar 16, 2023 at 11:12 UTC By Clark The FedNow service aims to reduce the gap in payment time between United States financial institutions. The United States Federal Reserve has verified a July launch date for its long- awaited instant payments system, seen by some as an volition to central bank digital currencies and stablecoins. The instant payment network will settle payments in seconds and can support deals between consumers, merchandisers and banks. It doesn’t calculate on blockchain technology. It’s a significant step for the government, as it’s controlled by the Federal Reserve. Clearing House’s RTP…
Bitcoin skyrocketed by roughly $2,000 in a day as the US Federal Reserve announced lending $300 billion to certain struggling US banks, including Silicon Valley Bank and Signature Bank. The altcoins have also turned green today, with ETH reclaiming $1,700, while BNB, MATIC, DOGE, and DOT are up by over 5%. BTC Soars Above $26K A lot can change in the cryptocurrency space within a week and the past seven days are a prominent example. Bitcoin struggled to remain above $20,000 last Friday amid the growing banking issues with several organizations linked to the industry. After a relatively calm weekend…
Ethereum is a living entity, distributed across time and space, accessible through our screens and communication devices. What gives it life are the myriad human relationships that have become intertwined with the roots, branches, and leaves of the Ethereum state tree. This single tree encodes immense value, digital property, and dapp utility — not an insignificant slice of human activity. But the humans who currently give Ethereum life do not represent all humans — many gaps across cultures, nationalities, and class must be bridged. The use cases and novel solutions that have so far been developed and advertised and touted…
280 or more blockchain networks are estimated to be at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn. In a Mar. 13 blog, Halborn warned of the vulnerability it dubbed “Rab13s” — adding it has already worked with some blockchains, such as Dogecoin, Litecoin and Zcash, to institute a fix for it. Halborn discovered massive #ZeroDay impacting Dogecoin and 280+ networks including Litecoin and Zcash, putting over $25 Billion of digital assets at risk!…— Halborn (@HalbornSecurity) March 13, 2023 Halborn was contracted by Dogecoin in March 2022…
One of the leading travel agencies in Latin America – Despegar – partnered with Binance Pay and Inswitch to enable clients to pay for tour packages in cryptocurrencies. For starters, the offering will be available only for customers in Argentina. Despegar Leads the Way The agreement, announced by the world’s biggest cryptocurrency exchange – Binance, turned Despegar into the first online travel agency (OTA) in Latin America to accept digital assets as a means of payment. Customers will be able to settle hotel accommodation, flights, car rentals, and cruise trips in more than 70 cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Dogecoin…
Bitcoin took a serious hit in the past 24 hours, dumping by almost $2,000 to chart a two-month low beneath $20,000. The altcoins are in no better shape, with ETH, DOGE, SOL, LTC, TRX, and many others slumping by up to 15% in a day. BTC Dumps Hard The past several days did not go well for the primary cryptocurrency. It was last Friday when it dropped from $23,500 to $22,000 as the Silvergate issues came to light, and, despite recovering some ground in the following days, it was unable to overcome $22,500. The landscape was prompted to change mid-week…
Withdrawals are coming! The Shapella network upgrade will activate on the Goerli network at epoch 162304, scheduled for 10:25:36 PM UTC on Mar. 14, 2023Stakers & node operators should read this post as well as the Withdrawals FAQThe Zhejiang testnet can be used to test Shapella functionality prior to the Goerli upgradeA Shapella Community Call is scheduled for 15:00 UTC on Mar. 13, 2023You can now sign up to receive emails for these upgrade announcements. Scroll to the bottom of the page to do so 📩 After a smooth Sepolia transition, the Shapella upgrade is now scheduled for the Goerli…
The untypical lack of any volatility continues for bitcoin as the cryptocurrency keeps trading around $22,400. The altcoins are in a similar state, with little-to-no movements from most larger caps. FLOKI has taken advantage and has popped into the top 100 after a massive daily surge. Will Bitcoin Finally Move Today? Last Friday saw a massive price plunge from bitcoin that drove it from over $23,400 to just below $22,000 in minutes as the Silvegate issues intensified. However, that was the last piece of price volatility for the cryptocurrency for the next several days. The weekend was somewhat expectedly calm…
Bitcoin, and for that matter, most of the alternative coins, have remained untypically calm for the past few days. However, the landscape will likely change today or tomorrow as all financial markets are preparing for Fed Chair Jerome Powell’s testimony in front of Congress. BTC Stays Flat Last week was rather uneventful in terms of price action for the primary cryptocurrency, whose most significant increase came on Wednesday when it briefly tapped $24,000. It failed there and resumed its range trading between $23,000 and $24,000. While the reasons are still debated, the situation changed on Friday when the asset plummeted…
ChangeNOW reported that its AML system flagged and suspended several suspicious ALGO and Algorand-based USDC transactions worth $1.5 million. According to ChangeNOW’s blog post, its anti-money laundering and risk-prevention system halted $1.5 million in suspicious transactions in ALGO and USDC on the Algorand blockchain on Feb 19th, preventing malicious actors from accessing the funds. As a result of its own investigation, ChangeNOW discovered that these funds could be related to over 13 million ALGO tokens stolen from Algorand accounts. To locate and return the stolen funds, the company said it would work closely with law enforcement. Over $3.6 million was…