Author: CryptoHoppers

The Philippines has also set its sights on releasing its own central bank digital currency (CBDC) by 2029 to create a wholesale form of currency. Project Agila, the initiative of the country’s central bank, is steadily approaching the Proof of Concept stage. This initiative will investigate improving payment systems through the use of blockchain. Philippines Nears Launch of CBDC Initiative To meet the interest of developed economies worldwide in digital currencies, the Bangko Sentral ng Pilipinas (BSP) introduced Project Agila. First proposed in December 2022 as Project CBDCPh, it was renamed in September of the following year. The project uses…

Crypto loyalty programs are starting to become more popular to retain users and have also become more sophisticated, offering a lots of different rewards and ways to earn extra crypto in the hope of sparking customer loyalty in an increasingly crowded market. From NFT-based incentives to tiered reward systems, crypto platforms are pulling out all the stops to create engaging, value-driven experiences for their users. In this guide we look at the top crypto loyalty programs available currently, and see what sets them apart in terms of innovation, user engagement, rewards, and accessibility. Whether you’re a daily trader, a long-term…

The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit. Russia Linked to Illicit Libyan Banknotes A June 24 Reuters report said the […] Source link

Key Takeaways DeFi protocol MonoSwap has suffered a major security breach. Most staked liquidity positions have been withdrawn by hackers, causing significant damage to the protocol. Share this article URL Copied MonoSwap, a decentralized exchange (DEX) operating on the Blast framework, was hit by a phishing attack that resulted in staked liquidity losses, said the project in a recent statement. Users are advised to immediately withdraw all staked positions to prevent further losses, as well as avoid adding liquidity or staking in farming pools.MonoSwap has been hacked According to MonoSwap, the breach originated from a phishing attack targeting one of…

New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties […] Source link

According to a recent report from the Europol Internet Organized Crime Threat Assessment, Bitcoin remains the most commonly exploited cryptocurrency by criminals. The report noted that Bitcoin is often converted to stablecoins like Tether (USDT) for stability and is still frequently encountered in cybercrime and fraud. The Tron blockchain’s lower transaction fees have made it more popular for USDT transactions.  “Bitcoin is still the cryptocurrency that is most abused by criminals but the use of alternative coins (altcoins) seems to be growing,” the report read.  Stablecoins with blacklisting functionality have allowed law enforcement to freeze suspicious funds. Monero’s rise in…

Ethereum creator Vitalik Buterin is back again with another creation he believes will take blockchain’s security to a whole new level. He calls it Circle STARKS, and I’m here to tell you everything you need to know about it. Small fields changed the game Circle STARKs is all about moving away from big, inefficient numbers to smaller, more manageable fields. Originally, STARKs used large 256-bit fields, but these were slow and wasted a lot of space.  Now, with smaller fields like Goldilocks, Mersenne31, and BabyBear, everything runs faster and more efficiently.  Starkware, for instance, can now handle 620,000 Poseidon2 hashes…

QuickNode, a leading provider of blockchain infrastructure, has introduced a game-changing solution called Functions. This new offering promises to transform how developers build and deploy blockchain applications, making the process more streamlined and cost-effective than ever before. Understanding QuickNode Functions At its core, QuickNode Functions is a serverless computing platform specifically designed for Web3 applications. It allows developers to deploy lightweight, scalable code without the need to manage complex infrastructure. This innovative approach brings the benefits of serverless architecture to the blockchain space, enabling developers to focus on writing code rather than worrying about server management and scaling issues. Functions:…

Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to be consulted with the operators and that more companies in the industry are waiting to enter the […] Source link

Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to […] Source link