BITCOIN

The New York Federal Reserve and a group of financial institutions announced the successful conclusion of a proof-of-concept of the Regulated Liability Network (RLN), which contemplates the introduction of a dollar-based interbank central bank digital currency (CBDC). The test concluded that, using the RLN, the proposed CBDC might allow for near real-time dollar payments and cross-border settlements. New York Federal Reserve and Bank Working Group Finish Programmable Dollar-Based Wholesale CBDC Test The New York Federal Reserve and other banks and payment firms have announced the conclusion of a 12-week proof-of-concept test of the Regulated Liability Network (RLN), a system using shared ledger technology to provide programmability to regulated money. The working group, comprising BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank, and Wells Fargo, examined the performance of a dollar-based wholesale central bank digital currency (CBDC) in different use case...

Taylor Swift, a pop icon and 12-time Grammy Award winner, did sign an agreement with bankrupt cryptocurrency exchange FTX, new reports claim. However, FTX executives reportedly convinced former FTX CEO Sam Bankman-Fried (SBF) to reconsider and abandon the $100-million deal with Swift. Taylor Swift Reportedly Signed Agreement With FTX Taylor Swift, a famous singer-songwriter who has won 12 Grammy Awards from 46 nominations, reportedly signed a deal with the now-defunct cryptocurrency exchange FTX, contrary to previous reports. The Financial Times reported that the size of the deal was approximately $100 million . Adam Moskowitz, one of the attorneys spearheading a $5 million class-action lawsuit against 16 celebrity endorsers of FTX, disclosed on the Block’s Scoop podcast in April that Swift sought legal advice when approached by former FTX CEO Sam Bankman-Fried (SBF). According to him, the famous singer inquired: “Can you assure me that these assets are not unregistered securities...

Solana was one of Friday’s biggest gainers, as the cryptocurrency rose by over 11% during today’s session. The move came as markets reacted to June’s nonfarm payrolls report, which came in at 209,000, below expectations of 229,000. On the other hand, cardano ended a three-day losing streak. Solana (SOL) Solana (SOL) rallied for a second straight session on Friday, as the token rose above a ceiling at $20.00 SOL/USD hit an intraday peak at $21.22 earlier in today’s session, which came in response to the latest U.S. nonfarm payrolls report. As a result of the surge, solana hit its strongest point since June 5, when the price peaked at $22.06 Looking at the chart, the move came as the relative strength index (RSI) broke out of a resistance level of 65.00. At the time of writing, price strength is now tracking at 68.30, which is its highest level since April 14. The next visible point of resistance appears to be at the 70.00 level, and in the event it reaches this point, it is like...

Users of the cross-chain protocol Multichain were on July 6 informed of an abnormal transfer of lockup assets on the Multichain MPC address to an unknown address. While the Multichain team has urged users to stop using the cross-chain protocol, Binance CEO Changpeng Zhao (CZ) told his followers that the incident does not affect Binance users or the exchange itself. Users Told Revoke All ‘Contract Approvals Related to Multichain’ Just over a month after the disappearance of the Multichain CEO known only as Zhaojun sent shockwaves through the crypto community, users of the cross-chain protocol were on July 6 informed of an abnormal transfer of “lockup assets to an unknown address.” According to a statement shared via the cross-chain protocol’s verified Twitter handle, the Multichain “team is not sure what happened and is currently investigating.” As reported by Bitcoin.com News on June 3, Zhaojun’s unavailability saw the router technology problems experienced by the cross-chain prot...