Japan Credit Bureau to test credit card-based CBDC settlement solutions

Japan Credit Bureau announced it will start the “JCBDC“ pilot project to test contactless credit-card based settlement solutions for general use retail CBDC despite the central banks’ cancellation of its CBDC project. 2 min read Updated: October 24, 2022 at 7:44 pm Cover art/illustration via CryptoSlate Japan Credit Bureau (JCB) said will Oct. 24 that …

Nokia Believes the Metaverse Will Replace Smartphones in the Future

Nokia, one of the first companies to manufacture a consumer-grade mobile phone system, now believes the metaverse will cause phones to become deprecated. These metaverse experiences will be powered by the use of virtual reality (VR) headsets and augmented reality glasses, and will allow users to interact in several activities. Industrial usage will also be …

Polygon-Based Decentralized Exchange Quickswap Loses $220K in Flash Loan Exploit

On Monday, the Polygon-based decentralized exchange (dex) Quickswap lost $220K in a flash loan exploit and following the attack, the team detailed the Quickswap Lend platform will be terminated. Quickswap Hacked for $220K, Dex Project Sunsets Lending Platform 2022 has been quite the year for decentralized finance (defi) hacks as billions have been stolen due …

Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists

Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a …

Crypto Veteran Arthur Hayes Says Most Will Miss Out on Bitcoin (BTC) Opportunity – Here’s Why

BitMEX founder Arthur Hayes says that most people won’t realize they need Bitcoin (BTC) until it’s too late. In an interview with Crypto Banter, Hayes says that in theory, BTC should be adopted by the masses as a means to protect one’s wealth from various threats. In reality, however, he says only a small percentage …

CFTC Says Over 20% of All Its Investigations This Past Year Were Related to Cryptocurrencies or Blockchain

The Commodity Futures Trading Commission (CFTC) says 18 of the 82 enforcement actions that it filed in 2022 involved blockchain and digital assets. In its latest enforcement report, the agency says it filed charges against several entities in the crypto space that committed various violations this year. These include South Africa-based pool operator Mirror Trading …

Metaverse and Gaming Altcoin Explodes 120% After New Community Proposal Goes Live

An altcoin from the metaverse sector is skyrocketing following a new community proposal that will affect its tokenomics. Klaytn (KLAY) is a public enterprise blockchain focused on artists, non-fungible tokens (NFTs), gaming and entertainment. Klaytn is currently being rebuilt into a “metaverse scale” blockchain, with multiple milestones lined up for the next two years or …

FTX CEO Sam Bankman-Fried Makes Prediction for ‘Stablecoin War’ As Binance USD (BUSD) Market Cap Soars

FTX CEO Sam Bankman-Fried has a prediction for the crypto markets as he says a “stablecoin war” is starting to unfold. The billionaire says crypto exchange Binance’s recent conversion of Circle’s USD Coin (USDC) to its own Binance USD (BUSD) signaled a new battle between the top stablecoins in the industry. “Binance converts USDC –> …

Volumes on crypto investment products drop to 2-year low: CoinShares

On Oct 24, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that digital asset investment products saw $5 million worth of cumulative outflows last week in a continuation of what it calls an “apathetic period” that began in September 2022.  Most notably, investment product volumes dropped to $758 million …

Reddit NFT trading volume hits all-time high as wallet holders near 3 million

According to data provided by Polygon and Dune Analytics, the trading volume of Reddit nonfungible token (NFT) avatars has eclipsed $1.5 million in the past 24 hours. The increase represents over one-third of the collection’s cumulative trading volume of $4.1 million since launch. At the same time, the daily sales volume of Reddit NFTs also …

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