Search Results for: Testing

Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

Andre Cronje, the founder of Yearn.finance has recently deployed a series of new contracts relating to a new game called Eminence Finance, which has still yet to launch. Although Eminence Finance has no website and has not officially launched yet, Yearn.finance token YFI holders have already deployed capital into the Eminence contracts.  While the Eminence … Continue reading Yearn.finance (YFI) Takes a Hit After Eminence Finance (EMN) Bug—Is this the End for DeFi?

4 Reasons Why Sushi Token Price Dropped Below $1

At the time of writing, the Sushi token price is near $1 in price, according to Coingecko. It slipped even below $1 in some crypto exchanges. We previously analyzed why the Sushi token price will drop below $1 soon. This post confirms our analysis for more reasons. Tightening regulations posing great uncertainty on decentralized exchanges The tightening … Continue reading 4 Reasons Why Sushi Token Price Dropped Below $1

Will Bitcoin See a Bull Run in October?

Bitcoin price has had fewer price volatility than the stock market and has been more resistant to negative news than before. Can we expect a Bitcoin bull market in October with Bitcoin price stability? Let’s take a look at the events that may have an impact on Bitcoin’s price, and Bitcoin’s price analysis.  Events that … Continue reading Will Bitcoin See a Bull Run in October?

Bank of Canada Says CBDCs Have Inherent Risks in New Study

A new report released by the Bank of Canada has revealed that the bank believes Central Bank Digital Currencies can pose security risks to users. According to the Canadian central bank report, the risks of CBDCs basically revolve around accumulated balances. “An anonymous token-based central bank digital currency (CBDC) would pose certain security risks to users. … Continue reading Bank of Canada Says CBDCs Have Inherent Risks in New Study

China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

In the race to be the first country to launch a functional central bank digital currency, China has been ahead of its counterparts, as it has already begun experimenting with its digital currency. China Makes Progress with Its DCEP The central bank digital currency (CBDC) has been developed by the People’s Bank of China (PBOC) … Continue reading China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

South Korea’s CBDC Pilot to Enter into Distribution Phase Next Year

South Korea’s central bank is looking to start the testing of the distribution of its central bank digital currency (CBDC) next year, as stated in a local news outlet. According to the announcement, the pilot scheme for the CBDC will soon begin with its distribution phase, with the digital won entering circulation.  The Bank of … Continue reading South Korea’s CBDC Pilot to Enter into Distribution Phase Next Year

Cardano’s Charles Hoskinson: Accountability of Funding from Voltaire Does Not Need to be Centralized

Cardano founder Charles Hoskinson recently explained in a video update regarding the accountability of the funding from Voltaire. Cardano’s Voltaire era would allow the network to become a fully self-sustaining system.  As part of this journey, Cardano has previously introduced a treasury system combining proposal and voting procedures—Project Catalyst. A treasury system would enable a … Continue reading Cardano’s Charles Hoskinson: Accountability of Funding from Voltaire Does Not Need to be Centralized

Bank of Japan to Launch CBDC Proof-of-Concept in 2021

The Bank of Japan (BOJ) has revealed its plan to kick start a proof-of-concept phase on the issuance of its central bank digital currency (CBDC) next year. The nation’s central bank reported that it was preparing its issuance capabilities in case of a surge in public demand for digital currency rose rapidly. Resilience is of … Continue reading Bank of Japan to Launch CBDC Proof-of-Concept in 2021

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

As a way to enhance the adoption and continue to test its digital currency dubbed the Digital Currency Electronic Payment (DCEP), China’s central bank, the People’s Bank of China (PBOC), has teamed up with Shenzhen city to distribute coins worth 10 million yuan, approximately $1.5 million to residents. Deployment of a promotion strategy  The city’s … Continue reading China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

Democrat Nancy Pelosi Says $1.8T COVID-19 Stimulus Package Talks at Standstill, How will Bitcoin react?

Democrat Nancy Pelosi said yesterday that discussions over a new $1.8 trillion stimulus package have ground to a halt, which President Trump is blaming on the Democratic House Speaker. What could the stimulus delay mean for Bitcoin and the crypto market? According to a report from the Wall Street Journal on Oct. 11, Democratic House … Continue reading Democrat Nancy Pelosi Says $1.8T COVID-19 Stimulus Package Talks at Standstill, How will Bitcoin react?

Exit mobile version