Consensus 2023 by Coindesk — 26-28 April, 2023
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Blockchain & Crypto - page 40
Binance to Convert Recovery Funds From BUSD to ‘Native Crypto’
Reacting to the sudden collapse of the most crypto-friendly US banks, Binance CEO and co-founder Changpeng (CZ) Zhao reconsidered the firm’s recovery funds, aiming to change them into native crypto
Nissan Tries New Sales Avenues With Four Web3 Trademarks
Nissan enhanced its Web3 efforts with four new related trademarks filed in the US, while its Japan unit is currently experimenting with auto sales in the metaverse
South Korea Launches Metaverse Fund
The Ministry of Science and ICT of South Korea established an investment fund to support the growth of metaverse initiatives in the country
Biden Budget Proposes Crypto Mining Tax
A budget proposal by U.S. President Joe Biden aims to “reduce mining activity” with a 30% tax on electricity costs linked to the cryptocurrency mining process
Xeni and BitPay to Enable Crypto Payments in Travel
Through the partnership with Bitcoin payments company Bitpay, Xeni enables its customers to accept crypto payments for commercial flights, hotels, car rentals, and other travel activities
Swift to Develop CBDC Connector
After sandbox testing, Swift is preparing to develop a beta version of the new way to connect central bank digital currencies (CBDC) with existing fiat infrastructures
WeChat Adds CBDC to Payment Platform
China’s major social networking and payment app WeChat has followed Alipay in adding support for payments using the digital yuan – the country’s central bank digital currency (CBDC)
Crypto Exchange Gemini Denies J.P. Morgan Chase Ended Banking Partnership
Gemini cryptocurrency exchange has denied information about the termination of J.P. Morgan Chase’s interaction.
Coinbase Simplifies Web3 Onboarding With Wallet-As-A-Service
The leading crypto exchange Coinbase has introduced a new Wallet-as-a-Service offering for businesses to seamlessly onboard their users to Web3
Silvergate Bank Faces “Voluntary Liquidation”
The parent company of one of the major crypto-friendly banking institutions, Silvergate Bank, decided to “wind down operations” and liquidate the bank
Your data: the future of social media
A look into two core projects developing the “new-gen” social media and content platforms.
BIS Concluded CBDC Project Icebreaker
The Bank for International Settlements (BIS) has finished a joint project exploring international retail and remittance payments use cases for CBDC with the central banks of Israel, Norway and Sweden
Bybit Rolls Out Crypto-To-Fiat Debit Card
Crypto exchange Bybit has launched the first phase of the rollout of Mastercard crypto-to-fiat debit card, which supports a number of blue-chip cryptocurrencies
The Consensus on Consensus Mechanisms
A look into the foundation of cryptocurrency: consensus mechanisms. Why do different consensus mechanisms exist, is Proof of Work actually “environmentally unfriendly”, and why Proof of Stake deserves the alternative transcription to its abbreviation.
Report Identifies DeFi as New High Growth Area for Crypto Industry, While CeFi Funding Plunges
Digital asset investment firms increased their funding of decentralized finance (DeFi) projects in 2022 by 190%, while investments into centralized finance (CeFi) projects fell 73%
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