US Federal Reserve Chairman Jerome Powell said the regulator will not issue a digital dollar until all associated risks have been eliminated. Powell announced this during a speech at the International Monetary Fund conference on cross-border payments. According to him, the United States is not seeking to be the first to issue its own digital currency. Issuing a government stablecoin is a serious task requiring extensive research. It is necessary to take into account not

The user mistakenly sent AAVE tokens worth $ 1.1 million to the token’s smart contract address. Now these tokens are locked on the blockchain and cannot be returned. Cryptocurrency enthusiasts discovered an erroneous transaction for 28,050 AAVE decentralized finance (DeFi) tokens worth approximately $ 1.1 million, which led to their irrecoverable loss due to an error in the recipient’s address. According to Etherscan, the transaction took place back on October 3, but went unnoticed until

The developers of the privacy-focused cryptocurrency Monero have rolled out another update to the Oxygen Orion network. According to a Monero blog post, the latest node software update is the work of about 30 developers. The Oxygen Orion update will bring new features to improve network efficiency. For example, the update includes the CLSAG feature, which reduces the size of network transactions by about 25% and the time to confirm transactions by about 10%. At

The Associated Press (AP) news agency has partnered with Everipedia and Chainlink, a decentralized oracle network, to track down fake news. The collaboration will allow AP to authenticate race-related news using blockchain, according to a statement from Everipedia. The Associated Press works with a large number of freelance journalists to get information on local campaign developments. The news agency will use the power of the blockchain to cryptographically sign the data it receives from these

Financial company Power Finance plans to launch a digital version of the Power Dollar, which will be powered by distributed ledger technology (DLT). Power Finance is led by Dave Corbett, partner at audit and consulting firm PwC. He said the Power Dollar will be developed without the participation of the New Zealand government and will be similar to the USDT stablecoin. The Power Dollar will be pegged to the NZ dollar at a 1: 1

Cryptocurrency exchange Gate.io has released the Wallet S1 hardware wallet. This is the first such device developed by a marketplace. Wallet S1 is equipped with a fingerprint sensor – the user does not need to come up with and enter complex passwords, just put his finger to verify the transaction. Also, thanks to the fingerprint scanner, the hardware wallet is protected from a brute-force attack. The device supports over 10,000 different digital assets including BTC,

Updates to improve the privacy and scalability of the Bitcoin network – Taproot and Schnorr signatures – are embedded in the Bitcoin Core code. The mechanism for activating updates has not yet been determined. The privacy and scaling updates of Taproot and Schnorr signatures have been rolled out to Bitcoin Core today, according to version history on GitHub. Once the updates are activated, more complex types of transactions will become easier to use and the

The Algorand Foundation has launched the Algorand Europe Accelerator program, under which it will provide grants to startups and application developers on the Algorand blockchain. As the name suggests, the program is intended for European companies. The foundation is already accepting applications for a grant, and in general the program will last 12 weeks. Grant funding was provided by Eterna Capital and Borderless Capital. Companies entering the program will receive $ 15,000 each, and the

Bloq, led by Jeff Garzik, is releasing a new product for investing in decentralized finance (DeFi) projects through cryptoasset staking. Bloq’s new platform, Vesper, is marketed as an easy-to-use tool for DeFi products. Through Vesper, users will be able to block ETH, wBTC or USDC for staking from mid-November using one of the “storage pools”. Bloq co-founder, former Bitcoin Core developer Jeff Garzik, said that after depositing cryptoassets, users can choose the level of staking

Ethereum Foundation developer Christoph Burgdorf has introduced a new programming language called “Fe” for creating smart contracts. Most Ethereum applications today are written in the Solidity language. Providing developers with a wider choice of languages ​​will help develop the Ethereum ecosystem more efficiently. Fe is a reworked version of the Vyper language that is used to work with the Ethereum Virtual Machine (EVM). Therefore, at the initial stage, the differences between Fe and Vyper will