Web3 Diaries-Regulators Tick CBDC Interoperability
Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments, a new report published by researchers with the New York Federal Reserve and Monetary Authority of Singapore (MAS) said recently.
The report, part of the NY Fed’s New York Innovation Center and MAS’s ongoing joint Project Cedar/Project Ubin research efforts, found that the respective teams were able to conduct cross-border transactions across different distributed ledger (DLT) and hashed timelock contract (HTLC) technology stacks, with near real-time settlement finality.
A note in the report specified the research focused on studying technical issues, and it “does not reflect any decision to implement” CBDCs or the underlying tech stacks anywhere in particular.
The researchers looked at questions of interoperability, atomic settlement whether transactions could settle near real-time, a press release said. The teams used simulated CBDCs and hypothetical payments.
Coinbase Officially Opens Subscription Service; Expands Reach Outside U.S.
Crypto exchange Coinbase (COIN) took its zero-fee subscription service Coinbase One out of beta testing and expanded it from just the U.S. to also include the U.K., Germany and Ireland.
For $29.99 per month, customers don’t pay trading fees and also get higher staking rewards, according to a Thursday statement. The service had been in beta testing since 2021.
Coinbase aims to further widen its international reach, with plans to offer Coinbase One in 35 countries.
Apecoin Approves Community Proposal For Accelerator Programme
This year, the NFT-based ApeCoin has been on a roller-coaster ride because of the wild price swing.
Recently, the DAO governing the APE project, approved a community proposal that would result in the development of an Accelerator programme. This will promote the incubation of projects utilizing ApeCoin tokens (APE) to expand entire ecosystem.
The new ApeCoin Improvement Proposal (AIP-209), which was proposed through the DAO’s Idea Proposal mechanism and received approval for implementation, will incubate and launch community-driven projects with the goal of increasing the value of the Bored Ape Yacht Club (BAYC) NFT collection, as well as other projects that make use of ApeCoin.
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