Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
a16z Crypto leads Series A funding for Daylight, a protocol aiming to decentralize energy management through distributed energy resources. (Read More)
Daylights testnet will allow users to plug in distributed energy devices such as smart thermostats, solar inverters, batteries, electric vehicles and chargers and energy monitors.
The BOE is considering applying DLT to its existing settlement system and introducing a wCBDC.
The small country on the Arabian Peninsula sees CBDC as part of its national development strategy.
SingularityNET (AGIX) introduces the Distributed Atomspace (DAS), a decentralized knowledge repository aimed at revolutionizing AI research and development. (Read More)
The new participants in the European Central Banks DLT tests include major financial institutions.
According to a new report by Liquid Collective and Obol, Ethereums Pectra upgrade in 2025 poses significant risks, including concerns over client, operator, and cloud diversity.
The European Commissions selection of Iotas Web3 ID solution highlights the solutions potential to revolutionize KYC processes using distributed ledger technology and tokenization on a mass scale.
The partnership between significant banking giants in the U.S. and Mastercard aims to streamline multiple asset-class settlements on a shared ledger platform.
Bitcoin is not invincible, but was designed with resilience at its core. The eighth installment of 10 Steps to Self-Sovereignty powered by Ledger.
Are DAGs a better way to build distributed ledgers?
Centralized forces exerting influence over the masses is the greatest threat to any decentralized system or activity.
On Monday, U.S. president Joe Biden published the administration’s economic report and addressed the subject of cryptocurrencies. The section titled “The Perceived Appeal of Crypto Assets” describes the currencies as “mostly speculative investment vehicles” that are “unbacked” and “traded without fundamental anchors.” The White House insists that crypto assets do not deliver on their promises [...]
The post Biden Administration’s Economic Report Deems Crypto Assets ‘Mostly Speculative Investment Vehicles’ appeared first on Crypto Breaking News.
The Bank of England and the BIS Innovation Hub London Center successfully tested a distributed ledger technology-powered settlements system through Project Meridian, which could be extended to other asset classes to reduce time, costs, and risks of transactions. (Read More)
<p>The <a href="https://www.financemagnates.com/tag/european-commission/" target="_blank" rel="follow">European Commission</a> (EC), a cabinet government and the executive body of the European Union (EU), has announced the launch of its newest regulatory sandbox for <a href="https://www.financemagnates.com/terms/b/blockchain/" class="terms__main-term" id="be18ed01-45fc-4044-b447-06802a10dbcd" target="_blank">blockchain</a> and distributed ledger technology (DLT).</p><p>The European Blockchain Regulatory Sandbox</p><p>The newly established European Blockchain Regulatory Sandbox was launched to create a pan-European regulatory framework to promote legal certainty for projects using blockchain technology. It is facilitated by a consortium including Bird & Bird, OXYGY, WBNoDE and Spindox. </p><p>Funding for creating the sandbox was raised from the Digital Europe Programme. The initiative is expected to work for the SME over the next three years and, according to its concept, will support up to 20 projects from both the private and public sectors within the European Blockchain Services Infrastructure. Independent academic experts will oversee the whole process.</p><p>"Projects will be selected through calls for expression of interest. Every year, the most innovative regulator participating in the sandbox will also be awarded a prize," the EC stated in the press release.</p><p>Europe Sees Blockchain Potential</p><p>According to the EC, <a href="https://www.financemagnates.com/tag/dlt/" target="_blank" rel="follow">DLT </a>and blockchain have broad potential, which is not only limited to the financial industry. The technology can support regulation and documentation in the fight against fraud. </p><p>"Companies can facilitate the exchange of non-personal data to train algorithms, and/or create unique digital twins for assets they buy, sell or insure in the mobility, energy and manufacturing sectors," the EC added.</p><p>While pilot programs conducted in the EU have shown the considerable potential of blockchain, the EC points to legal uncertainty. The regulatory sandbox has been created to lower the uncertainty, where regulators and supervisors can have an open dialogue and companies and public institutions can develop.</p><p>"The Sandbox is open to companies from all industry sectors and public entities for projects beyond a proof-of-concept stage and already close-to-market or at an early stage of being operational, involving amongst other technologies the use of DLT," the statement explained.</p><p>Initial applications are being accepted until 14 April 2023.</p><p>Watch the recent FMLS22 Executive Interview with Tobias Bauer from Blockchain Founders Fund.</p><p>Markets in Crypto-Assets Regulation</p><p>The European Union has been working since the middle of last year <a href="https://www.financemagnates.com/cryptocurrency/can-mica-take-europe-to-the-crypto-promised-land/" target="_blank" rel="follow">to regulate the cryptocurrency industry</a> under the Markets in Crypto-Assets <a href="https://www.financemagnates.com/terms/r/regulation/" class="terms__secondary-term" id="341d154e-1396-4d12-a357-4837e79c4146" target="_blank">regulation</a> (MiCA) proposal. MiCA seeks to regulate issuers of stablecoins and other unbacked crypto-assets such as Bitcoin. It also wants to bring operators of crypto-asset trading venues and wallets within its ambit.</p><p>Initial discussions on the MiCA started in September 2020. However, an interim legislative agreement between the EU and EC was reached just at the end of June last year. The MiCA is intended to be part of a broader digital finance package and does not cover all issues related to the cryptocurrency market: it bypasses the DeFi and NFT markets, for example.</p><p>The EU has started to take a stronger interest in blockchain technology at a time when it has declined significantly in the private sector. <a href="https://www.financemagnates.com/cryptocurrency/vcs-not-interested-in-blockchain-anymore-as-funding-almost-stopped/" target="_blank" rel="follow">Venture capitalists are no longer as interested in funding the industry</a> and only supported it with $2.3 billion in the last quarter. In the first half of 2022, funding was $30 billion, while in the second half, the amount raised came in at $7 billion, showing a definite reversal in the industry.</p> This article was written by Damian Chmiel at www.financemagnates.com.
The CLORE AI platform is trying to build a distributed supercomputer where regular users can offer their computational power and get paid in BTC for the use of their hardware as well as being rewarded with CLORE coins. The project runs a marketplace that can offer computational power from distributed network of providers all around […]
Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments relying on digital currency and distributed ledger technology will be “much more convenient.” Russia’s Head of State Urges for Blockchain-Powered International Payments President of Russia Vladimir
The post Putin Calls for International Settlements Based on Blockchain and Digital Currencies appeared first on BTC Ethereum Crypto Currency Blog.
Multinational banking giant HSBC has revealed plans to issue digital bonds to corporates and financial institutions through its new proprietary tokenization platform called HSBC Orion. (Read More)
The proposed distributed ledger technology-backed “Asian yuan” token would supposedly help reduce Asia’s dependence on the U.S. dollar for international business.
Over $12 million in value was issued in the pilot with commercial and central banks in Hong Kong, Thailand, the UAE and China taking part.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
