“An executive at Russia’s Chamber of Commerce and Industry has called on the government to conduct cross-border settlements in cryptocurrencies and central bank digital currencies (CBDCs).
Chamber President Sergei Katyrin sent a letter to Russian Prime Minister Mikhail Mishustin, advocating the use of CBDCs and cryptocurrencies for mutual settlement and payments as part of Russia’s move into Africa amid Western sanctions.
It seems useful to instruct the Ministry of Finance of the Russian Federation, together with the Central Bank, to ensure providing intergovernmental agreements with African states on the use of national currencies and cryptocurrencies in mutual settlements and payments.
The news comes as several countries in Africa are considering cooperation with Russia-linked blockchain networks.
On Monday, Cameroon, the Democratic Republic of the Congo (DRC) and the Republic of the Congo issued a joint announcement on the national plans to adopt TON, the Telegram-initiated layer-1 proof-of-stake blockchain. The DRC is also reportedly considering launching a new national stablecoin built on top of the TON blockchain.”
“Amazon (AMZN) CEO Andy Jassy said on CNBC Thursday morning that the e-commerce and cloud-computing giant is likely not close to adding cryptocurrency as a payment mechanism for its retail business, but it’s possible it will sell NFTs (non-fungible tokens) in the future.“
“The EPNS protocol enables on-chain communications with the ability to opt-in for permissionless channel notifications and subscriptions.
EPNS currently provides on-chain notifications for CoinDesk media alerts, Ethereum Naming Service (ENS) domain expirations, Snapshot governance updates and Oasis vault liquidations, among other services. EPNS will use the funding to expand its team and develop on blockchains beyond Ethereum.
A user on any blockchain should be able to receive a notification from any other service they use on any blockchain. EPNS solves a huge pain point for us and fellow Web 3 product users by creating and consolidating notifications into an easy-to-use dashboard with fantastic UI/UX.”
“The Bank of Canada has become the first G7 country to turn to quantum computing to simulate scenarios where cryptocurrency and fiat currency can coexist.
That means Multiverse Computing has completed its proof-of-concept, which combines blockchain data from stablecoin Tether (USDT) and public data from up to 10 major financial institutions. It also consulted with experts from two major Canadian banks to come up with realistic parameters.
Most scenarios in the model showed that non-financial institution adoption of the cryptocurrency would be slow, since there was some upfront knowledge and cost associated with converting fiat to a digital asset. It was also able to simulate how banks might respond by reducing wire transfer fees to compete with the very low cost of crypto transactions.
The research itself has only just reached the proof-of-concept stage, so there aren’t yet any implications for Canada’s crypto regulations. But being able to use quantum computing models to simulate how fiat and digital currencies might compete for use and adoption is a big leap forward, says a Bank of Canada official.
Mugel said their next steps include making the model even more efficient and able to simulate more variables in an economy.”
“Concerns about macroeconomic and geopolitical risks continue to linger, which has kept some buyers on the sidelines. For example, during a news conference on Wednesday, Russian President Vladimir Putin said that peace talks with Ukraine have reached a dead end. Putin also pledged that Russia’s ‘military operation will continue until its full completion.’
Sotiriou is still optimistic for the crypto market over the short term because of extreme negative sentiment among traders. Indeed, the bitcoin Fear & Greed Index reached “extreme fear” territory this week, which typically precedes price jumps, albeit with a long lead time that can span several months.”
“Archie Comics aims to build the largest writers’ room on the blockchain with its new Archieverse: Eclipse NFT collection, which will let holders contribute character details and storylines that could potentially be used in future comic books.
As people develop their storylines, we’ll be working to publish those with you. You’re going to get creator credits and all sorts of other cool, unique perks, and opportunities with it.
The 66,666 NFTs are profile pictures (PFP) with randomized traits—akin to Bored Ape Yacht Club or Azuki avatars—and they’re based in the world of the Archie Horror imprint. They’re releasing on May 16 alongside the next Blood Moon, and will sell for $66.66 apiece.”
“Ledger has partnered with cryptocurrency tax software ZenLedger to integrate its crypto tax reporting solution into Ledger’s interface application, Ledger Live. The software tool allows users to automatically aggregate the history of all transactions completed via Ledger Live and track losses and earnings.
Without tax reporting software tools like ZenLedger, users who chose to self-custody cryptocurrencies like Bitcoin (BTC) would have to manually calculate their losses and earnings.”
“Ronin Network said in a blog post that the FBI had linked Lazarus with the validator breach and that the Treasury Department sanctioned the funds. Thursday’s action is the first time the Treasury’s sanctions office has blacklisted an alleged Lazarus-held crypto wallet.
We are still in the process of adding additional security measures before redeploying the Ronin Bridge to mitigate future risk.”