On Thursday, the Iota Foundation, which oversees developments in the namesake Internet-of-Things transactions blockchain (IOTA), announced that it had been selected as one of five contractors by the European Commission to develop blockchain and distributed ledger technology in the region. According to the announcement, phase 2A aims to advance European Blockchain Services … [Read more...] about Iota selected for Phase 2A of EU blockchain initiative
China and Hong Kong are in the second phase of testing cross-border transactions using central bank digital currencies (CBDCs), Mu Changchun, director of the Digital Currency Institute of the People’s Bank of China, said Thursday, according to Shanghai Securities News. Source link … [Read more...] about China, Hong Kong Enter Second Phase of Cross-Border Digital Yuan Trials: Report
Cardano (ADA) is heading into the Basho phase, according to IOHK, as the developer team announced upcoming gradual adjustments, focused on “optimization, scaling, and network growth.”According to the announcement, IOHK already submitted two initial changes, namely Cardano’s block size increase and increase of Plutus script memory units per transaction.Increasing block size by … [Read more...] about IOHK announces Cardano (ADA) block size increase as it moves to ‘scaling’ phase
Still, it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains. “Historically, bitcoin has risen after past upgrades [to the Bitcoin blockchain], so many see this as possibly history repeating itself,” Marcus Sotiriou, a trader at U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk. Source link … [Read more...] about Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks
Bitcoin (BTC) has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet.Meanwhile, Bitcoin’s price faces a crucial resistance to break through, while Ether (ETH) is already cracking that resistance, hitting a three-month high versus … [Read more...] about Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?