The decentralized ledger platform IOTA is preparing to launch Chrysalis Phase 2.0, also known as the final phase of IOTA 1.5, and this will mark a major milestone for the company. The Chrysalis, which is expected to be launched on April 28, 2021, will become a bridge network between IOTA and Coordicide event. The upgrade … Continue reading IOTA's Bullish Momentum Continues as Chrysalis Phase 2.0 to be Launched Soon
Gavin Wood, the creator of Polkadot and Kusama, announced in the official blog today that the Polkadot mainnet is about to start phase five-the final phase of Polkadot where decentralization and permissionless features will be achieved at the end of July 2020. The core developers will manage the launch of parachain functionality and the auctions … Continue reading Polkadot Announces The Launch of Phase Five with Parachain Functionality
It might not be too late to jump on the Bitcoin bandwagon because the leading cryptocurrency is just getting to the inflexion point of hyper-adoption, according to a report by international financial services giant Wells Fargo. The “Understanding Cryptocurrency” report seeks to tackle the disparity about either being too early or too late to invest … Continue reading Bitcoin Closes to Hyper-Adoption Phase similar to Mid-to-Late 1990s: Wells Fargo
The Swedish Central Bank said that it has completed the second phase of the electronic check test and is ready to integrate it into the banking network. The e-krona aims to simulate everyday banking activities, including payments, deposits, and withdrawals from a digital wallet on a mobile phone. Sweden’s Sveriges Riksbank announced that it had started … Continue reading Swedish Central Bank Completes Second Phase Testing of E-Krona
After briefly slipping to the $21K zone, Bitcoin (BTC) continues to trade at levels last seen in December 2020. The leading cryptocurrency was down by 9.94% in the last 24 hours to hit $22,668 during intraday trading, according to CoinMarketCap. Glassnode believes BTC is entering the deepest part of the present bear cycle, given that … Continue reading Bitcoin Enters the Deepest Phase of the Current Bear Cycle as Price Slips to an 18-Month Low
JPMorgan Chase & Co. (JPM), a US investment banking giant, issued a report on Thursday stating that demand among retail investors in the crypto market is improving. The report further said that the ‘intense phase’ of deleveraging appears to have passed. In the report, the bank stated: “The extreme phase of backwardation seen in May … Continue reading JPMorgan Sees Retail Demand Improving, Ending ‘Intense Phase’ of Deleveraging
The much-anticipated Merge saw the light of day yesterday, September 15, setting the ball rolling for a proof-of-stake (PoS) consensus mechanism in the Ethereum (ETH) network. Since the Merge is the first step towards solving the scalability trilemma, the second-largest cryptocurrency will have to undergo four more steps to solve this issue, as reported by … Continue reading Ethereum to Undergo 4 Phases to Tackle the Scalability Issue after Merge
Oasys, an emerging EVM-Compatible gaming protocol is set to debut its mainnet and has unveiled three major phases the launch process will pass through. Per the announcement it shared via its blog post, the first step in the Oasys launch has kicked off today, October 25, and will see all of its initial validators resume … Continue reading Oasys Gaming Protocol Unveils Plans for Mainnet Launch in Three Phases
The Bank of Korea (BOK) said that it has completed a 10-month CBDC simulation experiment research work on the 10-month central bank digital currency (CBDC). According to Yonhap News Agency, the Bank of Korea (BOK) started a two-stage CBDC simulation experiment research work for10 months starting in August 2021. This digital won experiment realizes various … Continue reading Bank of Korea Completes 2nd Phase of CBDC Simulation Test
Iran’s Central Bank is making progress with its plans to launch a digital version of the national currency, the rial. The Central Bank of Iran (CBI) recently completed the pre-pilot phase for the country’s central bank digital currency (CBDC), according to an official statement by CBI’s research arm, the Monetary and Banking Research Institute (MBRI). … Continue reading Iran Completes Pre-Pilot Phase for Digital Rial