The ECB is advancing a blockchain-based payment system to facilitate central bank settlements. This initiative seeks to improve financial market efficiency through innovation while ensuring regulatory compliance and maintaining stability in the European financial system.
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Category: Blockchain
Crypto Industry Mobilizes Against IRS DeFi Broker Reporting Requirement
The Blockchain Association has urged Congress to repeal the IRS rule classifying DeFi software as brokers, calling it regulatory overreach.
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EigenLayer, Polymarket, and UMA Join Forces to Develop Next-Gen Oracle System
EigenLayer, Polymarket, and UMA have announced a collaboration to explore and potentially develop a next-generation oracle system.
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AbstractChain Reports Security Breach: Team Confirms Isolated Cardex App Issue
AbstractChain is addressing a security breach traced to the Cardex app due to session key management issues, with engineers urging users to revoke approvals while confirming the AGW remains secure.
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Crypto Exchanges Recorded $19 Trillion in Trading Volume in 2024: Report
Centralized crypto exchanges experienced a remarkable uptick in trading activity, with spot trades reaching almost $19 trillion in 2024. This represents a more than 100% increase from the previous year, although it still falls short of the record-high volumes seen in 2021.
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Kadena Partners With Croatian Football Federation, ERC-20 Fan Token Migrates from Polygon
Kadena and the Croatian Football Federation signed a four-year collaboration, encompassing several massive global football events, including the 2026 FIFA World Cup and 2028 UEFA Euro Cup.
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Elon Musk Backs Blockchain-Driven Transparency in U.S. Treasury Operations
Elon Musk, Head of the newly-created federal agency DOGE, has endorsed putting U.S. Treasury transactions on the blockchain in a bid for transparency.
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IoTeX’s Larry Pang Named Co-Chair of Blockchain Association’s DePIN Working Group
DePINs are gaining prominence as part of the Blockchain Association’s network of 23 specialized working groups focused on key industry sectors.
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Web3 Developers Secure Top-Tier Salaries in 2024: Report
Web3 developers earned some of the highest salaries in tech in 2024, due to their specialized expertise in decentralized application development.
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Thailand’s SEC to Launch Blockchain-Based Trading Platform for Digital Tokens
Thailand’s SEC is set to introduce a blockchain-based trading platform that will allow securities firms to trade digital tokens, marking a significant step in the country’s digital finance evolution.
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