Russia Eyes Mass Digital Ruble Production by July Next Year
After successfully completing pilot tests, the Bank of Russia plans to introduce the digital ruble for general usage by July 2025. Russia’s state-run news agency, TASS, announced that the Bank of Russia could launch its digital currency, the digital ruble, for general usage in July 2025. In a Federation Council speech, Russia’s central bank governor, […]
Managing Risks in DeFi: From Liquidity to Smart Contract Failures
Managing risks in DeFi is essential to effectively navigate the DeFi ecosystem as an investor, developer, or user. This article will explore the risks in DeFi and the strategies you can use to manage risks and prevent losses in the DeFi ecosystem. What is DeFi DeFi stands for Decentralized Finance. It refers to financial services […]
Movement Labs Joins Polygon’s AggLayer to Unify Liquidity
Movement Labs and Polygon Labs have revealed a major step forward in blockchain interoperability as they join the AggLayer. Movement Labs will be the first Move-based ecosystem to utilize this technology since this integration will provide uniform liquidity across MoveVM-based Layer-2 chains, AggLayer-connected networks, and Ethereum. Together, the parties have invested $160 million in Total […]
Bank of England rolls out Consultation Paper for Wholesale CBDC
The Bank of England intends to conduct several trials to determine how distributed ledger technology and wholesale CBDCs will affect the changing payments market. In a discussion paper published on July 30, Governor Andrew Bailey stated that the Bank of England’s wholesale central bank digital currency seeks to address the quick advances in money and […]
exSat Launches Testnet Alongside Leading Validators at Bitcoin 2024
ExSat announced the launch of its testnet last week at the Bitcoin 2024 conference in Nashville. With the introduction of its novel exSat Docking Layer, this testnet represents a step toward improving the scalability and interoperability of Bitcoin (BTC). The testnet adds a Decentralized Indexer and a Data Consensus Extension Protocol to enhance the functionality […]