Chainlink co-founder notes importance of oracle networks following NYSE glitch

June 3, 2024
The Last Cryptocurency
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Cointelegraph Feed

Sergey Nazarov explained how Chainlink could remedy centralized points of failure inherent in centralized information processing systems.

The staff note suggested that, although the DeFi ecosystem brings a ton of innovations in the financial sector, the regulatory challenges and vulnerability limit its potential use in traditional finance. 321 Total views 2 Total shares The Bank of Canada published a staff note on decentralized finance (DeFi) on Oct. 17, assessing the innovations that made

Ether bulls eye resistance at $3K as the network prepares to undergo ‘The Merge’

A new week in the cryptocurrency market has brought more of the same sideways price action that the wider ecosystem has experienced in recent months, as Bitcoin (BTC) continues to hold support near $41,000 while some analysts warn that high inflation and rising interest rates could see the top cryptocurrency fall to $30,000. On the altcoin…

Stock-to-Flow Creator Says Bitcoin is ’Not a Toy Anymore’

PlanB, the pseudonymous creator of Bitcoin's stock-to-flow model, explained Bitcoin's journey from a proof-of-concept to a mainstream financial asset. 1595 Total views 38 Total shares Crypto analyst and Twitter personality, PlanB, recently said Bitcoin is serious business as he recapped the asset's journey over the last decade. “This thing is not a toy anymore," PlanB told…

Controversial Blockchain Project Tezos to Be Audited by ‘Big Four’ PwC

The Tezos Foundation has announced that the international professional services giant PricewaterhouseCoopers Switzerland (PwC) will conduct an external audit of its finances and operations. In an official announcement Monday, July 23, the Foundation claimed to be the “first large-scale blockchain organization” to be edited by PwC. PricewaterhouseCoopers, headquartered in London, U.K., is one of the…

Major Japanese Fintech Firm Halts Plans to Launch Crypto Exchange, Citing Bear Market

Money Forward Inc., the operator of one of Japan's most popular personal budgeting apps, has resolved to halt its plans to launch a crypto asset exchange. The development was reported by Cointelegraph Japan today, April 15.As previously reported, Money Forward had established a dedicated subsidiary in May 2018 for its crypto exchange project. It had…

Burger King Starts Accepting Bitcoin for Online Orders in Germany

The German arm of global fast-food chain Burger King now accepts Bitcoin (BTC) payments on its delivery website and mobile application. Payment options on the Bklieferservice.de homepageDespite BTC's sudden apperarance on its official website, it is unclear whether Bitcoin is also accepted in the 600 physical Burger King restaurants across Germany.BK embraces crypto againIn summer 2017,…

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Immutable to shut down NFT marketplace

Immutable wrote that they would rather support marketplaces within the ecosystem than compete.

Regional CBDCs Can Fuel International Trade, but USD Seems Unbeatable

As central bank digital currencies continue to be researched and tested by countries across the globe, it becomes more apparent that the United States dollar’s reign might be challenged once the concept is implemented on a regional scale.While most retail CBDCs focus on internal economic matters, some projects aim to facilitate trade relations within a…

Former CFTC chair Giancarlo joins CoinFund as an adviser

Giancarlo has been a vocal supporter of cryptocurrencies and CBDCs and has called for a “do no harm approach” to blockchain regulation. 287 Total views 47 Total shares Blockchain investment firm CoinFund has appointed former United States commodities regulator J. Christopher Giancarlo as a strategic adviser — a move that should help the Brooklyn-based company…

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