RBI prepares to pilot CBDC trial with public sector banks, fintech
Reserve Bank of India (RBI) is preparing to test-run its Central Bank Digital Currency (CBDC)with public sector banks and fintech companies before the fiscal year runs out. According to local news outlet Moneycontrol, the Reserve Bank of India (RBI) is negotiating to test a central bank digital currency (CBDC) with fintech firms and state-controlled banks […]
Poolin halts withdrawals, trouble ahead?
Poolin, a mining pool based in China, announces that it had temporarily suspended wallet withdrawals due to cash flow issues. Given Poolin’s massive scope, the withdrawal freeze could prove to be a devastating blow to the cryptocurrency ecosystem as a whole. As of December 2017, the mining pool was responsible for 10.4% of the total […]
Crypto proponent Liz Truss, will be UK’s next prime minister
Liz Truss has emerged as the next prime minister of the UK after winning the election under the Conservative Party, she has formerly welcomed the idea of cryptocurrencies in the UK. Liz Truss, the secretary of state for foreign, Commonwealth, and development affairs won the contest to lead the Conservative Party over Rishi Sunak, the […]
LG launches new NFT Marketplace
South Korean electronics giant LG has launched an NFT marketplace where users may purchase, sell, and trade non-fungible tokens dubbed LG Art Labs The “LG Art Labs” NFT marketplace has just been released by LG, a South Korean electronics business , and is now accessible to all US LG television owners running webOS 5.0. From […]
Ethereum’s price may move after the merge: Here’s how
Due to the decrease in ETH supply and the EIP 1559 burning mechanism, the price of Ethereum (ETH) is expected to be deflationary after the Merge. After the Merge, more Ethereum (ETH) will be issued only if more validators join the pool, according to data from Glassnode. In this sense, validators will have a significant […]