NBA Top Shot, an online marketplace that runs on the Flow blockchain where users can bid on, purchase and sell digital highlights of NBA players. An NBA Top Shot video featuring LeBron James honoring Kobe Bryant sold for close to $400,000. Blockchain also has potential applications far beyond bitcoin and cryptocurrency. There are more than 220 million participants in global crypto markets, with assets now worth over US$2 trillion.

• ConsenSys has partnered with leading…

Allowing consumers to open up personal accounts at the Fed is called the retail model. There’s also another model, called the wholesale model, which is being studied. wallstreethack.com Right now, you likely keep your money in a bank account, where it exists digitally. But what if some of your funds could live in an account run by the Federal Reserve, and you…

Of critical importance for China’s large urban population, offline payment support will be made available to those who need to complete transactions without the use of internet. Though countries like China, Sweden, Canada, and the United Kingdom have led research and pilot projects in the past few years, the actual execution of CBDC pilots is being led by smaller nations. In late 2020, the Central Bank of the Bahamas launched the Sand Dollar, a digital currency backed by that nation’s…

“You also have this key issue for central banks to address; what will the coexistence of a CBDC look like and how would it integrate within the existing financial system,” Gu added. Prasad said that central banks will likely prefer to manage the payment infrastructure themselves. Bitcoin, along with other cryptocurrencies like Ethereum and Ripple, have had their values fluctuate wildly since their https://wallstreethack.com/ introduction — not…