– By Year End, The Bank Of Thailand Will Test Out Retail CBDC
The Bank of Thailand (BOT) will broaden the scope of CBDC development focused at retail to a pilot phase in addition to its wholesale central bank digital currency (CBDC) initiatives and proof-of-concept Retail CBDC testing with corporates. By the end of 2022, a small-scale trial of the “Retail CBDC” in the real world will be done inside the private sector. The Bank of Ayudhya, Siam Commercial Bank, and 2C2P will take part in the project.Read Full on cointelegraph.
– Revolut Intends To Increase Its Cryptocurrency Staff By 20% Despite Bear Market
Over the next six months, the British fintech company Revolut wants to hire 20% more people with expertise in cryptocurrencies across the U.K, U.S, and Europe. It is currently recruiting for 13 positions in relevant fields, including software engineers, attorneys who specialize in cryptography, and experts in financial compliance and crime prevention. In 2022, Revolut has already added 43 crypto-focused employees, about doubling the size of its crypto team.Read Full on CryptoPotato.
– President Of The Central African Republic And Binance CEO Discusses Crypto Adoption
After formally recognizing Bitcoin (BTC) as legal tender, the Central African Republic continues to draw attention from the cryptocurrency community. The nation’s officials have enlisted various crypto stakeholders since the new legislation. In this vein, Faustin-Archange Touadéra, the president of the nation, met with Changpeng Zhao (CZ), CEO of the Binance cryptocurrency exchange, to discuss several aspects of cryptocurrencies, including adoption.Read Full on Finbold.
– Author Of “Rich Dad, Poor Dad” Discloses His Opinion Of The BlackRock-Coinbase Deal
Robert Kiyosaki, the best-selling author of “Rich Dad, Poor Dad,” a book about success, predicted that the high-profile deal between Coinbase and BlackRock, a company with more than $10 trillion in assets under management and the largest share of the US crypto market thus far, would be fantastic. Also, speaking that the entry of institutions into cryptocurrency would be good for its legitimacy.Read Full on U.Today.
– By 2032, Crypto Needs To Become Useful, Says Vitalik Buterin
Earlier today in Seoul, in advance of BUIDL Asia and EthSeoul, Vitalik Buterin gave a speech at a closed press conference. According to him, blockchain applications over the next ten years will need to demonstrate their usefulness rather than simply making future promises. Buterin reaffirmed his belief that ZK-Rollups are likely to be Ethereum’s most effective scaling tool and declared that quantum computing will be a key factor in the protocol’s future development.Read Full on Crypto Briefing.
– Since Last Year, 65% Of Bitcoin’s Circulating Supply Has Remained Static
Over 65% of Bitcoin’s circulating supply, or roughly 12.35 million BTC, hasn’t changed hands in at least a year, according to data from Glassnode. The supply that hasn’t been active in at least two years has increased significantly, and the supply that hasn’t been active in at least three years has increased even more. 45% or 8.55 million BTC of the circulating supply have not moved in at least two years.Read Full oncryptoslate.
– Bitcoin Is Praised As A Financial Innovation By Brazil’s Central Bank’s Director
The director of the Central Bank of Brazil, Fabio Araujo, commended Bitcoin as a financial invention that sparked the Web3 movement and discussed how the central bank’s still-under-researched digital real might have programmable capabilities. Araujo added that this technology came before Ethereum, which has smart contracts that provide the financial system more options. Araujo made a brief mention of the digital real and made a suggestion that it might have smart capabilities.Read Full on Bitcoin News.
– Per On-chain Transfer Volume Growth, Cardano Surpasses Dogecoin, Ethereum, And Bitcoin
In a recent study released by Kraken Intelligence, the daily on-chain transfer volume for Cardano (ADA) increased by 16%. To a sufficient extent, the cryptocurrency has done better than Bitcoin which had +6% increase, Ethereum with 10% decrease, Dogecoin with 54% decrease, and Algorand with 37% decrease. Notably, the on-chain transfer volume for Dogecoin, the biggest meme coin fell by 54% in July. On a year-to-date basis, Cardano’s ADA has seen a 238% rise in daily activity.Read Full on U.Today.