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 BIS Bank of England conclude DLT settlements pilot

BIS Bank of England conclude DLT settlements pilot


Published: 2023-04-19


1. Blockchain Technology in International Settlements The article discusses the successful pilot project by the Bank of International Settlements and the Bank of England using blockchain technology for international settlements. The pilot tested the technology's feasibility on settling international transactions in different currencies,minimizing settlement risk and improving speed and efficiency. The project's success indicates the potential of blockchain technology to transform the traditional banking system and the financial industry globally.

2. Benefits of Blockchain for International Settlements The article outlines how blockchain technology can address traditional challenges in international settlements,including the risk of failed transactions and settlement delays. Blockchain's smart contracts allow for the automation of transactions and the immediate transfer of ownership,ensuring that payments are made once specific criteria are met. The technology could also reduce counterparty risk,where participants involved in the settlement process can access the same information and track transactions from start to finish.

3. Continued Development of Blockchain for Financial Transactions The Bank of International Settlements and the Bank of England's successful pilot with blockchain technology is just the beginning of the financial industry's adoption of the technology. Financial institutions worldwide are rapidly exploring and adopting blockchain technology for various functions,such as improving transaction security,minimizing fraud and cyber risks,and enhancing payment and settlement speed. Replacing obsolete and inefficient legacy systems with blockchain-based solutions could significantly improve the industry's functioning and deliver multiple benefits to customers.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 68,111.01 1,901,024,683.25
2 ARS title=ARS 1,120.10 1,165,559,867.60
3 ETH title=ETH 3,127.09 847,192,032.24
4 SOL title=SOL 180.24 717,600,668.60
5 PEPE title=PEPE <0.01 203,993,854.39
6 WIF title=WIF 2.70 174,492,275.96
7 XRP title=XRP 0.52 127,268,882.76
8 RUNE title=RUNE 6.92 124,429,729.57
9 DOGE title=DOGE 0.15 112,892,231.60
10 NEAR title=NEAR 8.11 90,111,952.64
11 FTM title=FTM 0.95 85,756,878.14
12 LINK title=LINK 16.57 83,925,025.31
13 BONK title=BONK <0.01 82,112,334.34
14 RNDR title=RNDR 10.55 76,045,704.11
15 BOME title=BOME 0.01 75,085,347.94
16 PYTH title=PYTH 0.45 68,275,021.24
17 ENA title=ENA 0.73 57,704,395.78
18 UNFI title=UNFI 5.18 54,601,903.32
19 PENDLE title=PENDLE 5.53 53,912,585.38
20 AVAX title=AVAX 36.66 52,192,599.58
21 FLOKI title=FLOKI <0.01 46,948,616.35
22 WLD title=WLD 4.85 46,287,626.05
23 SUI title=SUI 1.14 45,836,061.94
24 CREAM title=CREAM 74.74 43,958,557.77
25 AR title=AR 48.78 42,258,402.39
26 JTO title=JTO 4.42 40,015,806.54
27 ORDI title=ORDI 40.39 39,745,985.65
28 ADA title=ADA 0.47 37,971,245.76

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 Unifi Protocol DAO title=UNFI 5.18 +30.63
2 Reserve Rights title=RSR 0.01 +22.23
3 Pyth Network title=PYTH 0.45 +17.82
4 Pendle title=PENDLE 5.53 +17.34
5 Raydium title=RAY 2.03 +12.75
6 Fantom title=FTM 0.95 +12.00
7 BEAMX title=BEAMX 0.03 +11.92
8 Sui title=SUI 1.14 +10.35
9 Injective title=INJ 26.97 +9.46
10 Theta Network title=THETA 2.34 +8.73
11 BarnBridge title=BOND 3.13 +8.13
12 Axelar title=AXL 1.06 +8.10
13 Gnosis title=GNO 317.60 +7.81
14 Bittensor title=TAO 395.10 +7.80
15 dogwifhat title=WIF 2.70 +7.67
16 SelfKey title=KEY <0.01 +7.38
17 TrueFi title=TRU 0.13 +7.30
18 Kusama title=KSM 30.97 +6.98
19 IOTA title=IOTA 0.22 +6.78
20 Arkham title=ARKM 2.48 +6.56
21 Cats Of Sol title=COS 0.01 +6.32
22 GALA title=GALA 0.05 +6.22
23 GMX title=GMX 30.59 +5.96
24 Solana title=SOL 180.24 +5.90
25 SingularityNET title=AGIX 0.98 +5.84
26 Ocean Protocol title=OCEAN 0.98 +5.72
27 LTO Network title=LTO 0.20 +5.67
28 Theta Fuel title=TFUEL 0.11 +5.60
29 AC Milan Fan Token title=ACM 2.38 +5.54
30 Ether.fi title=ETHFI 3.44 +5.53

The price of coins is falling rapidly.


(Update every 1 minute)
at from is ($US) reduce (%)
1 Cream title=CREAM 74.74 -9.94
2 OAX title=OAX 0.23 -7.63
3 DeXe title=DEXE 12.16 -5.02
4 Harvest Finance title=FARM 73.50 -4.26
5 ConstitutionDAO title=PEOPLE 0.04 -4.14
6 Alchemix title=ALCX 23.70 -3.07
7 Polkastarter title=POLS 0.71 -3.01
8 Lisk title=LSK 1.76 -2.39
9 DIA title=DIA 0.46 -2.37
10 Chainlink title=LINK 16.57 -2.21
11 Portal title=PORTAL 0.74 -2.02
12 PlayDapp title=PDA 0.07 -1.86
13 Ooki title=OOKI <0.01 -1.67
14 Wanchain title=WAN 0.24 -1.62
15 aelf title=ELF 0.53 -1.05
16 SuperRare title=RARE 0.12 -1.01
17 Jito title=JTO 4.42 -0.92
18 Bitcoin Cash title=BCH 486.00 -0.78
19 API3 title=API3 2.44 -0.73
20 AS Roma Fan Token title=ASR 3.71 -0.51
21 FUNToken title=FUN <0.01 -0.28
22 Acala title=ACA 0.10 -0.20
23 Manchester City Fan Token title=CITY 3.16 -0.19
24 Phala title=PHA 0.20 -0.15
25 SSV Network title=SSV 42.56 -0.14
26 Keep3rV1 title=KP3R 75.82 -0.11
27 Synapse title=SYN 0.78 -0.10

Bitcoin's Greed and Fear Index.

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70
Greed

Global CryptoCurrency News

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(See more news ...)
at news date
1 Binance calls on small and medium projects to combat low float high FDV trend 2024-05-20
2 Real word asset tokens can stabilize DeFi Market observers 2024-05-20
3 Grayscale CEO Michael Sonnenshein steps down 2024-05-20
4 Kaamel Technology to lead investigation into XLink039s 10M breach 2024-05-20
5 How to create a memecoin on Solana 2024-05-20
6 The 2500 doco about FTX collapse on Amazon Prime with help from mom 2024-05-20
7 New York AG reaches 2B settlement with Genesis 039for defrauded victims 2024-05-20
8 White paper that birthed crypto ZK proofs receives IEEE Test of Time award 2024-05-20
9 Bitcoin bulls take charge as SOL AR GRT and FTM flash bullish signs 2024-05-20
10 Ripple publishes math profs warning public key cryptosystems should be replaced 2024-05-20
11 Crypto exchange Kraken has no plans to delist USDT in Europe for now 2024-05-20
12 Pumpfun exploiter claims he was arrested in UK and now on bail 2024-05-20
13 Spot Ether ETFs will come down to a 5 person vote Gensler the decider 2024-05-20
14 5 of 7 on chain indicators suggest the bull run is just beginning 2024-05-20
15 Microsoft faces multibillion dollar fine in EU over Bing AI 2024-05-19
16 Bitcoins 669K price holds strong casts doubts on a deep correction 2024-05-19
17 Phantom Wallet climbs Apple app store charts Bullish sign for Solana 2024-05-19
18 XRPL on chain transactions jump 108 in Q1 2024 2024-05-19
19 Venezuela bans crypto mining to protect power grid 2024-05-19
20 Bitcoin clings to 67K but analysis warns of 10 BTC price drop next 2024-05-19
21 Tornado Cash verdict has chilling implications for crypto industry 2024-05-19
22 OpenAI leadership responds to former employee safety allegations 2024-05-19
23 Microsoft faces multi billion dollar fine in EU over Bing AI 2024-05-19
24 Bitcoin039s 669K price holds strong casts doubts on a 039deep correction039 2024-05-19
25 Crypto personality pleads guilty to fraud after promising 60 fictitious returns 2024-05-18
26 Aussie admits to promoting BitConnect crypto services without a license 2024-05-18
27 If SEC approves spot Ether ETFs many will be caught severely offside 2024-05-18
28 Genesis Global secures court approval for 3B payout 2024-05-18
29 US authorities bust 73M crypto scam make two arrests 2024-05-18
30 AI safety researchers leave OpenAI over prioritization concerns 2024-05-18
31 What is the Ethereum ETH burn address 2024-05-18
32 LayerZero identifies over 800K addresses in sybil self reporting phase 2024-05-18
33 Godfather of AI advises UK government to start UBI 2024-05-18
34 US Treasury strategy would tighten virtual asset regulations increase AI use 2024-05-18
35 Tornado Cash founder sent to prison DeFis EU struggles Finance Redefined 2024-05-18
36 Ethereum price rallies above 31K after unexpected regulatory victory 2024-05-18
37 Blockchain gaming investments reached nearly 1B in April 2024-05-18
38 Crypto Biz Galaxy CoinShares Q1 results ETFs on the blockchain and more 2024-05-18
39 Alex Labs freezes 39M of exploited funds sent to CEXs after hack 2024-05-18
40 Ghana Singapore conduct trade in semi fungible token pilot project 2024-05-18
41 Changpeng Zhao teases writing project ahead of reporting to prison 2024-05-18
42 Crypto personality pleads guilty to fraud after promising 60 039fictitious039 returns 2024-05-18
43 Biden may rethink SAB 121 vote veto due to political support for crypto 2024-05-18
44 Over 80 of recent Binance token listings are bleeding red 2024-05-17
45 Binance exec denied bail in Nigeria money laundering trial 2024-05-17
46 Sony warns 700 AI devs music streaming companies against content misuse 2024-05-17
47 How to trade crypto in the UK using Revolut X 2024-05-17
48 Binance backed Magic Square IDO platform to democratize retail investor access 2024-05-17
49 Is onboarding too hard Crypto adoption still faces major obstacles 2024-05-17
50 Bitcoin preps 039golden cross039 which last sparked 170 BTC price gains 2024-05-17

US news that has a significant impact on the market

at news day date time
1 FOMC Member Mester Speaks Monday 20-05-2024 19:00
2 Treasury Sec Yellen Speaks Tuesday 21-05-2024 09:00
3 FOMC Member Waller Speaks Tuesday 21-05-2024 14:00
4 FOMC Member Barkin Speaks Tuesday 21-05-2024 14:00
5 FOMC Member Williams Speaks Tuesday 21-05-2024 14:05
6 FOMC Member Bostic Speaks Tuesday 21-05-2024 14:10
7 FOMC Member Barr Speaks Tuesday 21-05-2024 16:45
8 FOMC Member Mester Speaks Wednesday 22-05-2024 00:00
9 Existing Home Sales Wednesday 22-05-2024 15:00
10 Crude Oil Inventories Wednesday 22-05-2024 15:30
11 FOMC Meeting Minutes Wednesday 22-05-2024 19:00
12 Unemployment Claims Thursday 23-05-2024 13:30
13 Flash Manufacturing PMI Thursday 23-05-2024 14:45
14 Flash Services PMI Thursday 23-05-2024 14:45
15 New Home Sales Thursday 23-05-2024 15:00
16 Natural Gas Storage Thursday 23-05-2024 15:30
17 FOMC Member Bostic Speaks Thursday 23-05-2024 20:00
18 Core Durable Goods Orders m/m Friday 24-05-2024 13:30
19 Durable Goods Orders m/m Friday 24-05-2024 13:30
20 FOMC Member Waller Speaks Friday 24-05-2024 14:35
21 Revised UoM Consumer Sentiment Friday 24-05-2024 15:00
22 Revised UoM Inflation Expectations Friday 24-05-2024 15:00

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