IMF to publish CBDC handbook in response to increasing demand for guidance

    The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries. With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy…

    DAOs can become a disaster more quickly than you think

    Decentralized autonomous organizations suffer from a lack of oversight. Companies and founders should take that into account in their planning. As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away the most popular governance…

    Ethereum researcher says staking reveals IP address sparking privacy concerns

    A researcher at the Ethereum Foundation said he had “internally” discovered that staking Ether reveals a user’s IP address information. A researcher at the Ethereum Foundation (EF) revealed that the IP addresses of Ether stakers are monitored as part of a broader set of metadata, causing the cryptocurrency community to flag Ethereum for privacy concerns. In…

    Bitcoin’s dominance knocked by ETH’s post-Shapella rally

    In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%. Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance. According to data from the analysis site btctools.io Ether’s market share climbed…

    Hong Kong virtual bank to offer crypto conversions and accounts: Report

    The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad. ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges. According to an April 12 Bloomberg report, the bank…

    Less than 1% of staked ETH estimated to sell after Shanghai upgrade: Glassnode

    The analytics firm backed up its prediction, stating only 253 validators have signed up to fully exit their staked Ether position. An estimated 170,000 Ether of the total 18.1 million ETH staked on the Beacon Chain will be unlocked within the first week of the Shanghai hard fork being executed on Ethereum, Glassnode has predicted. The figure comprises…