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Australia Achieves Milestone with First CBDC-Powered FX Transaction as eAUD Pilot Progresses

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Australia achieves CBDC-Powered FX Transaction

In a significant milestone, Australia has completed its first foreign exchange transaction using eAUD, a central bank digital currency, as part of a live pilot program. This development aligns with the growing global interest in exploring or implementing central bank-issued digital currencies. The transaction was facilitated by Canvas, a blockchain infrastructure provider. Crypto fund managers … Read more

GridPlus Responds to Ledger Controversy by Announcing Open Source Firmware for Crypto Wallets in Q3

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GridPlus Controversy

Following the controversial decision by Ledger, a prominent cold storage provider for cryptocurrencies, to allow the recovery of private keys from its devices, competitor GridPlus has announced its plans to make the firmware of its crypto wallets open source. In a tweet on May 17, GridPlus revealed its intention to release the firmware source code … Read more

The NFT Rarity in the Art Market, and How to Calculate it?

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NFT Rarity

The rarity of an NFT plays a significant role in how it is perceived culturally and artistically. When an NFT is one-of-a-kind and possesses significant cultural or historical value, it becomes a rare and highly sought-after artifact. The importance of NFT rarity lies in its ability to influence the market worth, appeal, and resale value … Read more

SEC pushes back against Coinbase’s call for urgent cryptocurrency regulations

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securities and exchange commission

The United States Securities Exchange Commission (SEC) has responded to Coinbase’s petition for clear cryptocurrency regulations, stating that rulemaking could take years and enforcement actions will continue in the meantime. In a court filing on May 15, the SEC argued that it is not obligated to meet Coinbase’s requirements for regulatory clarity within a short … Read more

OKX implements cutting-edge AI technology to track and predict market fluctuations 2023

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OKX

OKX, a cryptocurrency exchange and Web3 technology company, has announced the launch of a new AI integration from EndoTech, which aims to capture crypto market volatility. The integration uses AI algorithms that incorporate both machine learning and other advanced techniques to conduct real-time analyses of data and trading opportunities. The purpose of this integration is … Read more

Tragedy Strikes Louisville: Five Dead and Eight Injured in Shooting Incident in Louisville [2023]

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Shooting Incident in Louisville

A shooting occurred at a bank in Louisville, Kentucky on Monday, resulting in at least five deaths and eight injuries, with two individuals in critical condition. Deana Eckert, one of the wounded, later succumbed to her injuries, according to the Louisville Metro Police Department. The shooting was live-streamed on Instagram, as confirmed by authorities, and … Read more

“Elon Musk’s SpaceX declares Starship Rocket’s readiness for launch to Mars”

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"Elon Musk's SpaceX declares Starship Rocket's readiness for launch to Mars"

Elon Musk, the billionaire entrepreneur, announced that SpaceX’s deep-space rocket Starship is prepared to launch from its facility in Texas. The Federal Aviation Administration has scheduled the rocket’s orbital test flight for April 17, but SpaceX requires approval for a launch license before proceeding. Starship is the most powerful rocket globally and intends to transport … Read more

FTX Relied on Inadequate Financial Controls Across Multiple Apps, According to Court Filings

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FTX Relied on Inadequate Financial Controls Across Multiple Apps

According to a court filing by FTX CEO John Ray III in a Delaware Bankruptcy Court, the cryptocurrency exchange was run by three individuals who lacked experience and were fresh out of college. These individuals relied on an inconsistent system of online shared documents and communication across multiple apps to manage the exchange’s multi-billion dollar … Read more

Ethereum Staking Deposits Experience Setback Amid Regulatory Pressure and Shapella Upgrade

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Ethereum Staking Deposits Experience Setback Amid Regulatory Pressure and Shapella Upgrade

According to recent data from on-chain analytics provider Glassnode, there has been a slight decline in Ethereum staking deposits in recent weeks. The reason behind this decline is attributed to increased regulatory pressure and the upcoming Shapella upgrade on April 12. The Securities and Exchange Commission (SEC) in the United States has been actively regulating … Read more