Payments giant Visa has teamed up with the blockchain software company ConsenSys to build an on-ramp for central bank digital currencies (CBDCs). The pilot program will begin after discussions with roughly 30 central banks about its development and potential. According to Bloomberg, Visa will launch a ‘CBDC sandbox’ this spring, where central banks can experiment with technology after minting on Consensys’ Quorum protocol. The latest tech will allow the enabling of plugging into existing payments modules. This means traditional finance companies will be able to integrate the infrastructure to issue things like CBDC-linked Visa cards or digital wallets anywhere where Visa is accepted globally. Commenting on the development, Catherine Gu, Visa’s Head of CBDC, said: “CBDC could expand access to financial services and make government disbursements more efficient, targeted, and secure that’s an attractive proposition for policy makers. With CBDC, a central authority could send fast payments to a targeted set of users and program specific spending parameters.” Mastercard launched a similar CBDC testing platform in 2020. Currently, Visa offers payment cards linked to USD Coin, stablecoin issued by a consortium that includes Circle Internet Financial Inc. Earlier in December 2021, Visa helped in the formation of a global crypto advisory practice to help financial institutions develop their cryptocurrency businesses as demand for crypto products continues to grow. Meanwhile, ConsenSys is already one step ahead in helping develop CBDCs in Australia, France, Hong Kong, and Thailand.

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Pakistan's finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country.

EOS price started a fresh decline from the $3.20 zone against the US Dollar. The price is now trading below $3.00 and the 55 simple moving average (4-hours). There was a break above a key declining channel with resistance near $2.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair...

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The post Bitcoin Price Breaches Critical Support, But Can It Shore Up the Move Above $50k? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin price has kicked off its recovery after the January 5th market crash. There is an exponential surge in purchasing activity as investors accumulate the asset.  As buying activity escalated, a total of $7.8 billion worth BTC was bought over the past week. The demand across crypto exchanges catalyzed the asset’s price to break above …

Measuring Bitcoin’s environmental impact with “energy per transaction” is misleading and disingenuous.

In a recent explanation of Ethereum’s roadmap, Vitalik Buterin inadvertently made the case that building on Bitcoin is our only path to decentralization.

WASHINGTON–(BUSINESS WIRE)–C5 Acquisition Corporation (the “Company”), a special purpose acquisition company, announced the closing of its initial public offering of 28,750,000 units at a price of $10.00 per unit, including 3,750,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, on January 11, 2022. The units were listed on […]

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30+ Canadian industry leaders sign up as mentors for Athlete Tech Group’s first-of-its-kind program empowering student BIPOC women athletes TORONTO–(BUSINESS WIRE)–Athlete Tech Group announced today the launch of Athlete Women Empowered (AWE) – a new mentorship program that uses ground-breaking technology to address barriers faced by BIPOC women athletes and prepare them for life after […]

The post New Mentorship Program, Athlete Women Empowered, Helps Young BIPOC Athletes Overcome Barriers and Prepare for Life After Sport appeared first on Fintech News.

GameFi, blockchain gaming, gaming in general, and metaverse. All of these and everything linked to them has been extremely hot. The incredible growth and impressive potential has made billions of dollars for speculators, bringing and millions of people into the space. However, as with all new industries the competition is fierce and only a handful […]

The post GALA Games Review: Everything you NEED to Know appeared first on Coin Bureau.

In this Tech Tip, SANS Institute’s Johannes Ullrich suggests using PowerShell to identify Windows systems affected by the newly disclosed vulnerability in http.sys.

Coinbase is finalizing the acquisition of CFTC-regulated derivatives exchange FairX, paving the way for crypto futures and options trading on the platform.

Ox4Shell exposes hidden payloads thatare actively being used to confuse security protection tools and security teams.