Iran will launch a central bank digital currency (CBDC) in the near future, Central Bank of Iran (CBI) governor Mohammad Reza Farzin said at a national banking conference on Nov. 25. He called attention to the country’s well-developed digital financial infrastructure and pledged to continue to innovate in the face of sanctions. CBDC to keep…
The former CEO of Binance, Changpeng “CZ” Zhao, urged the crypto community to shift its focus away from memecoins and into building “real” blockchain applications. On Nov. 26, Zhao shared his growing distaste for the memecoin ecosystem. In an X post, he said that the memecoins are getting “a little” weird as opposed to being…
Dan Romero, the founder of the decentralized Web3 social protocol Farcaster, has detailed an update to Frames, which once spiked the protocol’s users by 400% in a week. “A new Frame standard that allows interactive applications, onchain transactions, and user notifications would enable many new kinds of social applications,” Romero said while introducing the specification for Frames…
Ethereum layer-2 network Base has just hit a record 106.26 transactions per second (TPS), furthering it from Taiko as the fastest Ethereum layer-2 solution, while its total value locked (TVL) recently surpassed $10 billion. It marks a near 28% increase in TPS from Nov. 23. It was only in January when Base was averaging only…
Ethereum has overtaken Tron as the biggest blockchain for the Tether stablecoin after a 10% increase in the supply of USDT on Ethereum over the last week. There is now $60.3 billion worth of the United States dollar-backed stablecoin Tether USDT on Ethereum compared to Tron’s $58.1 billion, DefiLlama data shows. USDT supply on Tron has fallen 1.5% over…
Australia’s Treasury Department has released a consultation paper seeking feedback on applying an international reporting standard for cryptocurrency transactions. The initiative is part of a broader effort to enhance tax transparency and combat global tax evasion. The consultation, launched on Nov. 21, focuses on implementing the Organisation for Economic Co-operation and Development’s (OECD) Crypto-Asset Reporting Framework…
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