Breaking crypto news from the last week (Sept. 24 –Oct. 1, 2021): 25 Sept.: Solana announced the launch of the Wormhole Network, an Ethereum – Solana cross-chain bridge, which enables the transfer of digital assets between ERC-20 and SPL blockchains. Saber, the Solana-based protocol with more than $4 billion total-value locked (TVL), will support migration…

The Bank of International Settlements (BIS) and seven different central banks, including the Bank of England, Bank of Japan, European Central Bank, and U.S. Federal Reserve, published three new reports, which find that while a groundbreaking innovation to monetary policy, central bank digital currency (CBDC) pose many opportunities and uncertainties. Digital currencies backed by central…

Orlando Bravo, the co-founder of American private equity firm Thoma Bravo, has batted in favor of cryptocurrencies, predicting a glowing future for digital assets. Bravo revealed his crypto-related projections at CNBC’s Delivering Alpha conference held earlier this week. His private equity company recently participated in a fundraiser for crypto exchange FTX Trading. Bravo firmly believes…

It is something awaiting us right around the corner. Сorporate cryptocurrencies have not yet declared themselves loud enough, but many world-renowned companies are already engaging with the idea. Their emergence is now a matter of time and changes in legislation. It has long been said that modern corporations have more power and authority than nation-states….

On Wednesday, soon after executing the upgrade, patching minor bugs, Compound Labs reported “unusual activity,” resulting in some users being able to get more COMP tokens than allowable. A bug in the code posed $80 million worth of COMP at risk of unfair distribution. The incident may lead to a COMP price crash. According to…

Dubai Economy has signed an agreement with leading licensing authorities, such as Dubai Silicon Oasis Authority, Dubai Multi-Commodities Center, and Dubai Airport Free Zone Authority, to participate in the Know Your Customer Blockchain Platform through the Unified Business Registry Platform. It will facilitate faster and more secure customer onboarding and allow sharing of verified e-KYC…

There are currently several countries developing state digital currencies for cross-border settlements. And chances are, they will arrive even before the typical “in-country” CDBCs. While market turbulence is throwing prices of cryptocurrencies and DeFi assets up and down, central banks of different countries move forward with creating their own central bank digital currencies (CDBCs) with…

According to a Chainalysis report, Central, Northern, and Western Europe (CNWE) have become the world’s biggest crypto economy. Over the last year, the region has received over $1 trillion worth of cryptocurrency, reaching 25% of all global activity. The tremendous growth that started in July 2020 pushed Europe from second to first place since last…

The world’s most prominent digital currency may experience sharp volatility over the next few months, according to a proprietary model created by technical analyst Jack F. Cahn, writes Charles Bovaird on Forbes. Technical Event Model (TEM), which he developed in-house and measures extremes in sentiment, is a price-based macro filter that helps algorithmic trading programs…

Input Output recently announced that it would leverage Chainlink’s decentralized oracles to make it easier for developers to access real-world databases, paving the way to build DeFi applications on Cardano’s blockchain. Although sentiment surrounding the partnership has been positive, the native tokens for both projects have failed to react. Input Output Hong Kong (IOHK), the…