ECB’s Panetta Says CBDCs ‘Likely’ to Be Legal Tender: Report

Central bank digital currencies (CBDCs) will probably become legal tender in the jurisdictions of their issuance, the European Central Bank’s (ECB) Fabio Panetta said. Panetta, a member of the ECB’s executive board, said this was “likely” at a panel in Helsinki on Tuesday, according to a Bloomberg report. However, this status “should not be taken … Read more

Data intelligence company Collibra brings in another $250M to more than double its valuation

As more data moves to the cloud, it often still lives in multiple places on a business’ network, making it difficult for organizations to understand and access the right data they need and easier for data breaches to occur. Collibra, which provides tools to find, understand, access and analyze data, announced today that it raised … Read more

Swiss Central Bank Ready to Run With wCBDC in January: ‘Just Takes a Policy Decision’

The Swiss National Bank (SNB) says it will technically be ready to launch a wholesale central bank digital currency (wCBDC) in January of next year, using Switzerland’s newly-licensed Six Digital Exchange (SDX). While it’s the retail-facing version of a CBDC that tends to grab most attention, the argument for wCBDC, designed to clear and settle … Read more

Bitcoin Breakout May Have Further to Run, Altcoins Also to Gain, FSInsight Says

Bitcoin’s breakout above $63,300 on Monday to all-time highs is “constructive technically” and should see prices rise to $72,000 initially and then $77,600, according to FSInsight, a markets strategy and research firm. FSInsight notes that bitcoin momentum isn’t overbought yet on daily or weekly timeframes. Read more: Bitcoin Soars Past $68K for the First Time … Read more

Kazakh Mining Hosting Firm Enegix Looks for Energy Autonomy Through Hydropower

Crypto mining hosting company Enegix plans to achieve energy self-sufficiency by building its own hydropower plants, CEO Yerbolsyn Sarsenov and sales director Dmitriy Ivanov revealed at the World Digital Mining Summit held in Dubai on Tuesday. Kazakhstan is facing severe electricity shortages, in part due to the swarm of crypto miners in the wake of … Read more

Solana Wallets Phantom, Solflare Eye Mobile for Growth

Solana’s growth strategy is going mobile. At least two wallet projects are moving to get their crypto apps in people’s pockets: Fund management protocol Solrise Finance launched its Solflare mobile app last week and Phantom, a popular browser-based wallet, is working on an iPhone and Android offering of its own. The move highlights crypto developers’ … Read more

Phantom Wallet Preps Mobile Launch After Reaching 1.2 Million Users on Solana

Phantom, the popular cryptocurrency wallet and browser extension that allows Solana users to transact with DeFi protocols, says it is preparing to launch a mobile version of its wallet. Chris Kalani, chief product officer and co-founder of Phantom, told Decrypt, the company is planning a “private beta around the holidays” with a full launch in … Read more

Netflix tests a TikTok-style feed for kids

Kids Clips uses a landscape interface to show content. | Source: Netflix This week, Netflix’s iOS app is starting a test of a new feed for kids that’s designed to show short clips taken from its library of children’s content, Bloomberg News reports. The “Kids Clips” feature uses a similar interface to TikTok or Instagram … Read more

Developers Behind Ethereum-Solana Bridge Raise $40M in Token Sale

The Solana ecosystem continues to steal the spotlight this year.  Following its recent integration with Brave, the world’s third-most downloaded Internet browser, and last month’s record high of total value locked in Solana’s DeFi ecosystem, a developer team has just raised fresh funds to continue the momentum.  Neon Labs has raised $40 million by selling … Read more

Why Niantic is a dark horse in the metaverse wars

Niantic Today let’s talk about a concept that we can all agree is well defined and no one is yet sick of talking about: the metaverse. OK, maybe you are a little tired of hearing about it. For a company often accused of being unable to do anything but copy, Facebook-now-Meta’s announcement this summer that … Read more

Basic Attention Token Up 25% Following Brave’s Solana Integration

Basic Attention Token (BAT), the cryptocurrency of privacy-centric browser Brave, has shot up more than 25% in the last 24 hours. BAT’s 25.7% surge follows yesterday’s announcement that the Brave browser will integrate with Solana, the fourth most valuable cryptocurrency by market cap. According to a blog post shared on Brave’s website, the integration will … Read more

ETH-BTC Chart Points to Ether Leadership Ahead

While bitcoin appears to be pulling the broader market higher right now, ether may take the lead in the coming weeks. Ether-bitcoin’s (ETH/BTC) weekly chart shows a bull pennant – a technical pattern marked by converging trendlines, indicating an impending continuation of the ether-bitcoin ratio’s upward move from 0.023 to 0.08 seen early this year. … Read more

Draper Esprit cuts the legacy name apron strings to rebrand as Molten Ventures

Draper Esprit, Europe’s only stock-market listed tech VC firm, is changing its name to Molten Ventures after a change in senior personnel and an increasingly distant relationship with the US VC network from which is inherited its name. With former cofounder and CEO Simon Cook amicably departed to pastures new and the European listing powering … Read more

Neon Labs Raises $40M to Bring EVM Functionality to Solana

While they’re often pitted as rivals, investors have just piled $40 million into a project aiming to bring Ethereum’s computation engine to the Solana blockchain. On Tuesday, Neon Labs announced a $40 million raise led by Jump Capital, including participation from Three Arrows Capital, Solana Capital, IDEO CoLab Ventures and others. According to a Neon … Read more

Singapore’s Central Bank Is Laying the Foundations for a CBDC It Doesn’t Think Is Needed: Report

The Monetary Authority of Singapore (MAS) is laying the technological foundations for a central bank digital currency (CBDC) in case it decides to issue one, managing director Ravi Menon said at the Singapore Fintech Festival. However, the case for a retail CBDC is not urgent, Menon said according to a report by the Straits Times … Read more

Nvidia wants to fill the virtual and physical worlds with AI avatars

Nvidia has announced a new platform for creating virtual agents named Omniverse Avatar. The platform combines a number of discrete technologies — including speech recognition, synthetic speech, facial tracking, and 3D avatar animation — which Nvidia says can be used to power a range of virtual agents. In a presentation at the company’s annual GTC … Read more

Banque de France Calls for Further Examination of Wholesale CBDCs

France’s central bank has concluded that further examination of wholesale central bank digital currencies (CBDCs) is needed following its initial experiments. The Banque de France’s experiment commenced in March 2020, with results published Monday.“We have demonstrated that a wholesale CBDC would be of benefit for cross-border and cross-currency payments as it would improve the efficiency … Read more