The cryptocurrency market got its first Bitcoin ETF this week after a long. The market also responded in equal measure with an overwhelming demand for the ProShares strategy Bitcoin ETF.
IOTA, a smart contracts platform redesigning the distributed ledger technology, has released the beta version of the network’s new smart contracts solution.
A major crypto price tracking website, CoinMarketCaphas, has reportedly fallen victim to a hack that leaked 3.1 million user email addresses. The information came into light after the hacked email addresses were found to be traded and sold online on various hacking forums and revealed by Have I Been Pwned, a website dedicated to tracking hacks and compromised online accounts. CoinMarketCap is a subsidiary of the Binance cryptocurrency exchange.
Bank of Israel is reportedly set to start its CBDC pilot and they might go with Ethereum as the base blockchain on top of which it would work. The central bank reportedly did its first trial using blockchain but there is no confirmation from the Israeli Central Bank if Ethereum indeed would be a part of the program, but it is definitely among the technologies that the bank is considereing in the initial stages.
Developers of the Binance Smart Chain, the Binance-backed decentralized blockchain platform, have proposed applying a mechanism to burn BNB tokens based on the utilization of the network. According to the proposal, this would benefit both validators and holders due to the increase in value that the token would experience thanks to token burns. The proposal, called Binance Evolution Protocol 95 (or BEP-95), bears a striking resemblance to EIP-1559, an already implemented Ethereum proposal that also burns fees.
Financial leaders of the G7 countries have reached an agreed position on 13 public policy principles for central bank digital currencies (CBDCs) in a move that could pave the way for greater adoption of CBDCs across the world’s leading economies. According to a statement from the U.S. Treasury Department, the public policy principles will be grounded in transparency, sound economic governance, and respect for the rule of law.
The Australian Senate Committee delivered a report calling for a complete overhaul of crypto legislation and licensing in the country.
Ripple Labs has been entangled in a lawsuit with the United States Securities and Exchange Commission for almost a year now. While the case has opened the doors for a wider conversation on the country’s securities laws and how they pertain to digital assets, the company has undoubtedly lost out on a lot of business during this time.