The Bank of England is testing wholesale CBDCs using distributed ledger technology to improve transaction speed and security. Public feedback is invited by October’s end to address interoperability challenges. #CBDC #Update
The Bank of Russia will launch the digital ruble by July 2025 after successful pilot tests with 12 banks. This blockchain-based currency complements existing rubles, marking a significant step in Russia’s digitization efforts.
Kraken is facing backlash for denying Bitcoin payouts to Mt. Gox creditors, citing insufficient account verification levels. Affected users report slow support and inconsistent responses, despite following the Mt. Gox Trustee’s outlined steps. This highlights ongoing crypto verification challenges.
Legal scholar Brian Frye and songwriter Jonathan Mann have filed a lawsuit against the SEC in Louisiana, challenging the agency’s authority to regulate NFT sales. They seek clarity on whether NFTs are securities, aiming to protect artists and innovators from unlawful enforcement actions.
Elon Musk, owner of X, won’t promote cryptocurrencies except in jest. While he values Bitcoin and others, his stance urges reliance on verified info, helping stabilize the volatile market. Musk’s caution highlights the need for informed decision-making in crypto.
The SEC is amending its lawsuit against Binance to avoid classifying tokens like Solana (SOL) and Cardano (ADA) as securities. This move follows a court ruling that secondary sales of BNB are not securities. Binance calls the SEC’s request premature. #CryptoRegulation
Compound protocol cancels Proposal #289, reallocating 499,000 COMP tokens to goldCOMP, due to Governance Attack risks. CEO Brian Colligan introduces Staked Compound, distributing 30% of reserves to stakers. This move boosts COMP token prices and enhances governance security. #Update
HashKey Global has launched perpetual contracts for Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX), offering up to 10x leverage and a capped funding rate. The platform also gained regulatory approval for Bitcoin and Ethereum futures trading from the Bermuda Monetary Authority.
Japanese investment firm Metaplanet joins Bitcoin For Corporations, an initiative by @MicroStrategy and @BitcoinMagazine, to promote global Bitcoin adoption. This move highlights the strategic importance of Bitcoin in the corporate sector. #Bitcoin #Update
Justin Sun, founder of Tron DAO, unstaked 1,768 ETH ($5.9M) from Lido and moved 810 ETH ($2.7M) to Poloniex. This comes as Ethereum ETFs face major outflows, raising concerns about Ethereum’s market stability. ETH remains stable between $3,300 and $3,400.
Ethereum, launched on July 30, 2015, by Vitalik Buterin, celebrates nine years of innovation. Transitioning from Proof-of-Work to Proof-of-Stake in 2022, the network reduced fees with the Dencun update in 2024. ETH now trades over $3300, down from $4868 in 2021.
CoinShares’ McClurg suggests Bitcoin be added to U.S. strategic assets, calling it a “global currency for the Internet.” He warns of challenges like addressing the U.S. deficit and managing the 200,000 BTC held by the government. #Bitcoin #Update
Rollblock’s presale raised over $1.5M from 6,000+ investors for its no-KYC, Ethereum-based play-to-earn casino. Meanwhile, AVAX and MATIC struggle after Binance delists them. Rollblock’s deflationary token model and revenue-sharing platform aim to disrupt the $500B online gambling industry.
Rollblock’s presale drew 6,000+ investors, raising $1.5M in liquidity. The no-KYC play-to-earn casino on Ethereum stands out with weekly revenue shares and regular token burns. AVAX and MATIC struggle as Binance delists them. #CryptoNews
