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Iran To Pilot Central Bank Digital Currency (CBDC) Soon

Mark Brennan
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Iran To Pilot Central Bank Digital Currency (CBDC) Soon

The Iran Central Bank is getting closer to launching its Central Bank Digital Currency (CBDC).


 

Iranian news agency report that Iran to pilot national cryptocurrency soon. The issuance of the Iranian national crypto will help solve the country’s financial problems, said Vice Chairman of the Central Bank of Iran (CBI) Mehran Moharamyan.

Since 2018, the CBI has been developing CBDC in Iran. The project has passed the final stage of development and should soon begin work. However, the central bank does not pinpoint the exact dates.

The Iranian CBDC was developed on the Hyperledger Fabric platform from the Linux Foundation. The national cryptocurrency is designed to help the country cope with tough economic sanctions imposed by the United States.

Recall that Iran was one of the first in the world to legalize bitcoin mining to revive the economy. However, the authorities have repeatedly had to suspend mining due to a lack of electricity problems.

The CBI and the Iranian Ministry of Commerce recently allowed Iranian companies to use crypto-currency payments for settlements with foreign partners.

Nearly 100 countries are currently developing central bank digital currencies. China was the first in the world, back in 2019, to release the CBDC, and at the moment, the “digital yuan” is being massively tested in different provinces of the country.

Although all leading countries are developing CBDCs, not everyone sees the future of national cryptocurrencies thriving. The chief economist of the Bank of England said last summer that CBDCs could destroy the foundations of the global banking system.

Opera Launches Public Beta Of A New Crypto Browser Project With Web3 At Its Core For Windows, macOS, and Android

Albert Brown
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Opera Launches Public Beta Of A New Crypto Browser Project With Web3 At Its Core For Windows, macOS, and Android

Norwegian company Opera has released a public beta version of the browser with built-in Web 3.0 features for Windows, macOS, and Android devices.



Opera’s new public beta browser includes a new non-custodial wallet that allows you to access cryptocurrencies or login to dapps without installing extensions.

The developers have also provided a secure clipboard that ensures that no applications change the blockchain address or other sensitive data.

The new browser features a Crypto Corner-themed page containing the latest crypto industry news, asset prices, educational content, a calendar of events including upcoming airdrops, and other industry information.

Twitter, Telegram, and WhatsApp are integrated into the Crypto Browser sidebar.

The app supports multiple blockchains, including Bitcoin, Ethereum, Celo, and Nervos. The developers announced the imminent integration of Ethereum L2 networks.

“As interest in a web 3.0 continues to grow, we have decided to play an active role in shaping what the next generation of Internet access will look like and operate,” 

In Opera blog post, the company states:

“The Opera Crypto Browser Project is specifically designed to work with a variety of decentralized apps, or dApps, as well as provide deeper functionality than a traditional browser that has a basic web wallet add-on. For starters, the Crypto Corner gives you access to the latest blockchain news, upcoming airdrops, an industry events calendar, NFTs, crypto communities, educational content, podcasts, and videos, as well as crypto prices, gas fees, and market sentiment. The browser also includes a new native non-custodial crypto wallet which allows you to access your crypto or sign in to dApps directly from the browser, without installing any extensions.”

Recall that in 2018, the company introduced a Web 3.0-ready browser with a built-in Ethereum wallet for Android. Six months later, a version for iOS was released. In 2020, Opera became the first major browser to add decentralized domain support through a partnership with Unstoppable Domains.

U.S Introduces Bill To Ban Surveillance Advertising

Jakkk
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U.S Introduces Bill To Ban Surveillance Advertising

US members of Congress have introduced a bill banning almost any type of Surveillance Advertising.


 

 

Congresswomen Anna G. Eshoo (D-California) and Jan Schakowsky (D-IL), and Senator Cory Booker (D-NJ) introduced the Banning Surveillance Advertising Act. This law would prevent ad networks and intermediaries from using personal data to target ads except for broad targeting of a prominent location, such as a municipality.

The bill also prohibits advertisers from targeting ads based on protected class information such as race, gender, religion, and personal data purchased from data brokers. The bill states that contextual advertising based on the content the user interacts with is allowed.

According to the congresswoman, Anna G. Eshoo Surveillance Advertising contributes to the spread of misinformation, discrimination, privacy violations, and many other types of harm.

“The ‘surveillance advertising’ business model is premised on the unseemly collection and hoarding of personal data to enable ad targeting. This pernicious practice allows online platforms to chase user engagement at great cost to our society, and it fuels misinformation, discrimination, voter suppression, privacy abuses, and so many other harms. The surveillance advertising business model is broken,”

The Federal Trade Commission and state attorneys general will enforce the new rules. In the event of a breach, individual users will be able to sue platforms such as Facebook and Google for up to $5,000 in damages.

Recall that in November 2021, US congressmen submitted a bill regulating ads recommender algorithms. In April, Senator Ron Wyden proposed banning government agencies from buying Clearview AI data without a court order.

Coinbase Launching New Way of Buying NFTs Using Mastercard

Mark Brennan
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Coinbase Launching New Way of Buying NFTs Using Mastercard

Cryptocurrency exchange Coinbase and payment giant Mastercard are preparing a new initiative, exchange users will be able to buy Non Fungible tokens (NFTs) using Mastercard cards.



Currently, NFTs can be purchased for crypto on sites like OpenSea. However, on Coinbase’s NFT platform, collectible tokens can also be purchased using fiat funds on Mastercard cards. The process will not be significantly different from buying a smartphone or a T-shirt in regular online retail stores.

Coinbase Blog Post writes:

“Coinbase wants to simplify the user experience to allow more people to join the NFTs community. Just as we helped millions of people access Bitcoin for the first time in an easy and trusted way, we want to do the same for NFTs.

That’s why we’re working with Mastercard to classify NFTs as “digital goods”, allowing a broader group of consumers to purchase NFTs. And, coming soon we’ll “unlock” a new way to pay using Mastercard cards.”

Recall that plans to launch the Coinbase NFT platform were first announced in October last year. Interest in the platform was so incredible that in less than 24 Hours Coinbase NFT Waitlist toped 1,000,000 Signups.

 

Top 1,000 Ethereum Wallets Now Hold 51.6 Trillion SHIB Worth $1.48 Billion, While 19.1M Shib Burned In 24 Hours

Zabi
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Top 1,000 Ethereum Wallets Now Hold 51.6 Trillion SHIB Worth $1.48 Billion, While 19.1M Shib Burned In 24 Hours

Top 1,000 Ethereum Wallets Now Hold 51.6 Trillion SHIB worth $1.48 Billion.



Looking into the Whalestats data, we found the top Ethereum whales’ interest in the Shiba Inu token is growing.

The data reveals that the top 1000 ETH wallets are currently holding 51,660,947,525,321 of SHIB, valued at $1,481,475,410. That is a staggering 51.6 Trillion SHIB holding worth $1.48 Billion.

Shib Holders are rising: We can see an upsurge in the meme token’s demand as it has recently set a new record in terms of holders’ count. According to the data provided by Etherscan, the total holders count for the token stands at 1,146,433 (1.14M).

Shib Burn

According to the recent update from Shibburn, 19,156,573 (19.1M) SHIB tokens were taken out of circulation forever in the period of the last 24 hours with an average token burn rate of 798190.6 per hour and 13303 per minute.

The data reports that this burning took place in 8 transactions. Considering the number of transactions, we found that, on average, 2394571.625 SHIB tokens have been burned per transaction.

Since the start of the week, Shibburn reported a total of 33 transactions towards dead wallets, through which a total of 173 959 580 (173M) SHIB tokens have been burned till now. Still, there are four days left to end the week.

Looking into the data from the past week, the figure was 328,470,419 (328M) Shib burned with 57 transactions.

Overall, a total of 410,301,254,039,570 SHIB tokens, which account for 41.03013% of SHIB’s initial supply of 1 quadrillion, have been reported as burned by the Shibburn.

Despite all these Bullish signals derived from data, Shiba Inu’s price is facing difficulty to rise and currently trading down more than 2% at the price of $0.00002791. However, the 24-hour trading volume increased 13.37% to $808,259,517.49 compared to the previous trading session.

Overall, the Shiba Inu token maintains its bullish structure on the charts, and the bias will remain bullish until and unless the price remains above the $0.000010 critical support level.

President Nayib Bukele On Credit Rating Agency Moody’s Warning: “El Salvador Doesn’t Care”

Mark Brennan
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President Nayib Bukele On Credit Rating Agency Moody’s Warning: “El Salvador Doesn’t Care”

After Moody’s, the credit rating agency issued a warning about the risk of El Salvador’s credit downgrade on account of Bitcoin; President Nayib Bukele stated in capital letters that “El Salvador doesn’t care.”


 

The Bukele government last year made bitcoin legal tender alongside the dollar. Also, it announced the purchase of at least 1,391 bitcoins with public funds, exposing the country to extreme cryptocurrency volatility. Moody estimates that the country’s Bitcoin assets are underwater after the recent fall in BTC price.

Moody’s analyst Jaime Reusche told Bloomberg that the investment raises the risk of the sovereign’s credit outlook. Moody’s cited unsustainable policies made last year in its decision to downgrade the country to the levels of Angola and Iraq.

El Salvador doesn’t care.

You probably never heard about El Salvador before the adoption of Bitcoin. Despite this, after introducing the Bitcoin Law on September 7, 2021, the country seems to be in the spotlight both from the media and international bodies.

The latest attack on the country came from the risk rating agency Moody’s, which sees perils in Bitcoin purchases made by the government. The words below are from Moody’s analyst Jaime Reusche, told to Bloomberg.

“[Government Bitcoin holdings] certainly increase the risk. [Trading Bitcoin] is quite risky, particularly for a government that has struggled with liquidity pressures in the past.”

Nayib Bukele, president of El Salvador, doesn’t like Moody’s statements. On his Twitter, he posted the message “BREAKING: EL SALVADOR DGAF,” using the acronym ‘DGAF’ “Don’t Give A Fu.k” which translates “fu. k you” or “I don’t care” if you want to avoid profanity.

“BREAKING: EL SALVADOR DOESN’T CARE”

 

Amazingly, the most challenging part has already been done. El Salvador is the first country to adopt Bitcoin, using it both as a currency and as a store of value.

This sets precedents for others who wish to use a BTC to guide their economy. Thus escaping from problems such as inflation caused by creating more money, as happens with paper currencies.

In Bukele’s predictions, he believes that at least two other countries will adopt Bitcoin as a currency this year. Fidelity, one of the largest asset managers globally, said that countries that anticipate would benefit.

Previously IMF and Bank of England Governor expressed some serious concerns over El Salvador’s adoption of Bitcoin as legal tender.

Ethereum Whale Aggressively Buying Polygon (Matic) After EIP-1559 Network Upgrade

Zabi
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0
Ethereum Whale Aggressively Buying Polygon (Matic) After EIP-1559 Network Upgrade

On Monday, Polygon (MATIC) shared an update with its followers and holders regarding the much-anticipated implementation of EIP 1559 to the Polygon blockchain.



EIP 1559 upgrade will help Polygon to burn its native MATIC token along with better fee visibility. The burning of native token MATIC means to investors as the number of available tokens will decrease over time, and the price will increase in response. According to Polygon’s official blog post, Polygon’s MATIC currently has a fixed supply of 10 billion.

Polygon has published a case analysis of EIP-1559 implementation on Polygon PoS and its potential impact on MATIC total supply. According to this analysis, implementing EIP 1559 on Polygon will result in the burning of 27 Million coins from the total MATIC supply annually.

Soon after the news, Ethereum Whales became active, loaded their bags with Polygon (MATIC) coins, and made themselves ready for the next bull move.

The mysterious whale, currently ranked as the 157th biggest whale of Ethereum by Whalestats, loaded up a total of 7,483,202 MATIC, valued at $17,396,711 (17.3M) in seven different transactions.

The details for the seven transactions are as follows:

In the 1st transaction, The whale bought 1,129,993 of MATIC, for ,723,283. In the 2nd transaction, she bought 1,149,995 of MATIC, valued at ,771,488.

In the 3rd transaction, the whale bought 1,888,761 of MATIC, valued at ,533,027. She bought 499,998 of MATIC, worth ,139,995 and 1,104,997 MATIC, for ,519,394 in the forth and fifth transction.

The whale doest not ended her buying and purchased 700,690, and 1,008,768 MATIC, for $1,520,497 and $2,189,027 in sixth and seventh transaction.

The whale seems to be aggressive in buying MATIC, as the data provided by Whalestats shows that his portfolio now consists of 8.95% of MATIC, the 3rd biggest holding. The whale is still holding 45,953,328 of the stable coin Tether (USDT) as his 2nd biggest holding, which signals that more MATIC’s buying by the same whale can be observed later in the coming few hours or days.

At the time of writing, the whale is holding a total of 10,217,247 MATIC coins, valued at $21,763,310.

Floki Inu (FLOKI) Become the Top 10 Most Used Smart Contracts by 1000 Biggest BSC Wallets in the last 24 Hours

Zabi
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0
Floki Inu (FLOKI) Become the Top 10 Most Used Smart Contracts by 1000 Biggest BSC Wallets in the last 24 Hours

Floki Inu (FLOKI), a dog-themed meme coin, branding itself as a “movement”, just made its way to become the top 10 most used smart contracts by 1000 biggest BSC wallets in the last 24 hours.



The data is revealed by Whalestats, the website which is famous for tracking and analyzing the 1000 largest Ethereum wallets (the “whales”). The data is considered “legit” as it is publicly available and powered by Etherscan, BscScan, FTMScan, PolygonScan, Snowtrace, Coingecko, and Covalent.

Despite this fact, the price of FLOKI fell more than 20% to $0.0000471. The 24-hour volume for the token surged 20.53% to $20,298,035.01 compared to the previous trading session, which means most of the traders or investors are interested in selling the token at the moment.

On January 9, Floki Inu (FLOKI) decided to begin a gradual and phased transition to a DAO (Decentralized Autonomous Organization). The process was scheduled to start towards the end of the week.

Fulfilling its promise, on January 15, FLOKI’s official Twitter handle posted an update on gradual transitioning to a DAO and declared that the phase 1 upgrade would begin soon.

Intel Is Diving Into Bitcoin Mining Chips

Albert Brown
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0
Intel Is Diving Into Bitcoin Mining Chips

Intel, famous for its processors, has announced that it is working on ASIC equipment used to mine Bitcoin by the name of Bonanza Mine.



Tom Hardware reported Intel to unveil Bitcoin-mining ‘Bonanza Mine’ chip at the upcoming Conference.

With Bitcoin mining becoming more and more professional, it’s no wonder that a company the size of Intel would be interested in snapping up some mining market share.

Intel’s announcement regarding Bonanza Mine is expected in a circuit industry-focused ISSCC conference in February, the chip is described as an “ultra-low voltage energy-efficient Bitcoin mining ASIC.” At the same time, it’s unclear whether the company will be marketing this product or just using it for testing purposes.

Tom Hardware writes:

“This year, Intel has a presentation scheduled in the ‘Highlighted Chip Releases’ category to outline a new “Bonanza Mine” processor, a new chip described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.

Given the timing of the ISSCC presentation, and the subject matter, it appears that Intel will share that information about the new hardware on Wednesday, February 23rd, at 7 am PST. The ‘DS1’ moniker in the presentation listing denotes that Intel will have a video demo of the chip.

For now, it isn’t clear if Intel will release the Bonanza Mine chip as a product for the public or if it remains confined to a research project. However, given that the chip is in the “highlighted Chip Releases: Digital/ML” track and Koduri’s comments, it’s logical to expect that these chips will be offered to customers in the near future.”

Another company that is also breaking into crypto mining is Block (formerly Square), owned by Jack Dorsey, the founder of Twitter. As a result, we can expect the sector to become less and less dependent on a few companies and encourage competition between mining firms.

The company said in October 2021 that Intel graphics cards would not limit cryptocurrency mining. Companies like NVIDIA adopted low hash rate practices.

With that, it is evident that the chip giant is looking to expand its business and take advantage of the cryptocurrency sector that uses the Proof-of-Work (PoW) algorithm to mine.

Finally, this competition will be great for everyone, making all companies seek to deliver products that are more efficient concerning the energy consumed and at a lower price and in a more accessible way to the everyday user.

Shiba Inu Promoter Now Backing’ RISE’ And Matic Whales Buying Helped Coin Gain Above 100% And Break Into Top 500

Zabi
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0
Shiba Inu Promoter Now Backing’ RISE’ And Matic Whales Buying Helped Coin Gain Above 100% And Break Into Top 500

Whales and social media influencers showing interest in Ever Rise.


A newly born EverRise (RISE) token price jumped more than 100% and has broken into the top 500 altcoins.

The move comes after the coin registered its all-time low (ATL) price of $0.000695 on January 07, 2022. Since then, the coin price has nearly doubled just in 10 days.

According to Cryptocrunch App data, EverRise (RISE) has become the second top gainer in the last 24 hours on Binance Smart Chain (BSC) and Polygon (MATIC) ecosystem. On January 15, the same source reported EverRise, as the third most trending cryptocurrency.

In addition, David Gokhshtein, with 579K Twitter followers and a founder of Gokhshtein Media, advocates the RISE coin constantly based on its utility. Previously, he remained the biggest supporter of Shiba Inu.

He also tagged TrustWallet, Kucoin, Crypto.com, and Bybit exchanges in his tweets and invited them to talk about some utilities of the RISE coin so that they can consider it for listing.

The success tale of the RISE coin doesn’t end here. The 24 hours volume for the EverRise coin also surged a whopping 162.31% to $2,975,483.52, compared to the previous trading session. EverRise (RISE) Price Doubles in Just 10 Days Following the MATIC Whales’ Interest.

The Whalestats data recently revealed that in the last 24 hours, the top 1000 Biggest MATIC wallets had purchased an average amount of 57,337,274 (57M) RISE tokens. RISE becomes the 2nd most purchased tokens by 1000 biggest MATIC wallets.

As of January 15, the total holders of the EverRise coin were 3,010, and the top 1000 MATIC wallets were holding 2,387,952,725 RISE tokens, valued at $2,585,595.

The EverRise token is a multi-chain, collateralized cryptocurrency that powers the EverRise dApp ecosystem. EverRise is a blockchain technology company focused on increasing accessibility to decentralized finance by bringing security solutions to the space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers the tools to access the broadest possible market with the maximum level of security.

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