US lawmakers discussed the benefits of the digital dollar. They concluded that the state digital currency should not violate the privacy of citizens. At a conference organized by the Subcommittee on National Security Services, International Development and Monetary Policy, Congressmen discussed the risks and opportunities of the digital dollar. Some US lawmakers have called on the US Federal Reserve (FRS) to speed up its development. Despite the fact that countries are at different stages of

Payment giant Mastercard has selected seven cryptocurrency startups to participate in the Mastercard Start Path program. It aims to support cryptocurrency and blockchain firms. Participants in the six-month program will include Uphold trading platform, Israeli crypto custody firm GK8, American investment platform Domain Money, oracle developer SupraOracles, blockchain infrastructure provider STACS, fintech company Taurus, and Mintable, a platform for issuing and trading non-fungible tokens. The management of Mastercard noted that companies working with cryptocurrencies became

Monero Developers Warn of Error Affecting Confidentiality of Transactions The developers of the confidential Monero cryptocurrency have announced that they have discovered a serious error in one of the selection algorithms that may affect the confidentiality of transactions. According to a Twitter statement from Monero developers, third-party developer Justin Berman has notified the project team that there is a “significant” error that could affect the privacy of users’ transactions. An error found in one of

Burger King diners in Brazil had the opportunity to buy their dogs Grilled Meat Flavored Dogpper Cookies and pay for them with DOGE. According to regional media reports, the Burger King franchise in Brazil has introduced a new type of food specifically made for dogs called Dogpper. The new product is grilled meat-flavored dog biscuits. Dog owners can buy it for their pets along with their order. The company accepts payments in Dogecoin for Dogpper

Ahead of the IPO, Robinhood announced investments in cryptocurrency lending and staking services in addition to developing a cryptocurrency wallet. In a pre-IPO presentation this week, Robinhood CFO Jason Warnick said the company “is actively investing in the development of cryptocurrency services: wallet, lending and staking services.” “We think we have great prospects and we look forward to making more products available to customers,” he added. The Robinhood trading app allows customers to buy and

Siam Commercial Bank President Arak Sutivong believes DeFi needs a structure to integrate with the rest of the financial ecosystem. Arak Sutivong, CEO of SCB 10X and President of Siam Commercial Bank (SCB), spoke about how one of the largest venture capital funds in Southeast Asia looks to the future of DeFi. The derivatives market in the traditional market is valued at about $ 640 trillion (the value of outstanding derivatives contracts). Derivatives, which have

Kirobo startup launches token swaps on Ethereum The developers of the technology for the return of erroneously sent BTC will launch a solution for P2P token swap on Ethereum. Direct swaps on the blockchain will be cheaper than through exchanges and OTC platforms. As stated by Kirobo, the Atomic Safe Swap protocol offers a decentralized peer-to-peer alternative to centralized marketplaces or OTC platforms. The tool runs on Ethereum and supports ETH and ERC-20 tokens. The

EIP-3675 contains confirmation of the merger of stakes in ETH 2.0 and brings the Ethereum network closer to the transition from proof of work to proof of stake. Ethereum developers continue to work on merging the current Ethereum 1.x network with the already running Beacon Chain, the first stage of Ethereum 2.0. The redesigned EIP-3675 will be one of the last steps towards proof of stake. Ethereum co-founder Vitalik Buterin confirmed that the transition to

An agreement between WiV Technology and the Georgian government will make the flagship brands of Georgian wines and their associated non-fungible tokens (NFTs) available to wine producers and collectors on the WiV platform. WiV Technology announced that it has signed an agreement with the Georgian government to expand the global presence of Georgian wine and ensure quality. As part of the agreement, local players in the Georgian wine industry will present flagship brands in the

The Alabama Securities Commission (ASC) has accused cryptocurrency lending service BlockFi of selling unregistered securities in violation of US law. Alabama became the second US state to express concern about BlockFi’s activities. The New Jersey Attorney’s Office already issued an order this week for BlockFi to stop serving new clients in the state. Following this, ASC Chairman Joseph Borg issued a justification order addressed to BlockFi. According to this order, within 28 days, BlockFi’s management