RBA Launches 3-year Program for Wholesale CBDC
The Reserve Bank of Australia (RBA) has announced that it will not pursue a retail CBDC. Instead, the bank will concentrate on the launch of a wholesale CBDC. During a speech at the Intersekt Fintech Conference in Melbourne on September 18, RBA Assistant Governor Brad Jones unveiled the Australian central bank’s three-year roadmap to establish […]
1inch Unveils Cross-Chain Swap Feature
1inch has introduced a cross-chain swap feature called “Fusion+,” enabling users to trade assets while maintaining self-custody. A new feature that lets users trade their digital assets cross-chain while keeping self-custody of the assets was unveiled by Decentralized Exchange (DEX) 1inch. To deliver swaps, the “Fusion+” functionality combines offchain and onchain liquidity. According to the […]
Australia’s Central Bank Unveils 3-Year Wholesale CBDC Roadmap
The Reserve Bank of Australia has announced a three-year plan to develop a wholesale CBDC, focusing on digital money and infrastructure. A three-year proposal to establish a wholesale central bank digital currency (CBDC) has been unveiled by the Reserve Bank of Australia (RBA). Assistant Governor Brad Jones presented the bank’s priorities on September 18, 2024, […]
BitGo to Launch USDS Stablecoin with Liquidity Rewards
BitGo will launch the USDS stablecoin in January 2025, backed by Treasury bills, repos, and cash, aiming to enhance liquidity and reward institutional participants. With the USDS Stablecoin, BitGo plans to introduce a novel financial instrument that would reward institutions who support the stablecoin ecosystem, hence increasing market liquidity. With this novel strategy, USDS hopes […]
Binance Backs Terra Classic Upgrade to Improve User Experience
Binance will support the Terra Classic (LUNC) network upgrade, temporarily suspending deposits and withdrawals at 13:15 local time, while trading remains unaffected. Binance declared its support for the impending Terra Classic (LUNC) network upgrade, which is scheduled to take place at a block height of 19,850,000 at approximately 14:15 local time. Beginning at 13:15 on […]