Crypto News
Kyrgyzstan President Brings CBDC a Step Closer to Reality
Kyrgyzstan President Sadyr Japarov took his country a step closer to issuing its own central bank digital currency Thursday, signing legislation that gives the "digital som" legal status.The central Asian country is still deciding whether or not to issue a CBDC, but Thursday's amendments to the Constitutional Law of the Kyrgyz Republic ensures that the digital som will be treated as legal tender if the central bank goes ahead with issuing a CBDC."The purpose of the Constitutional Law is to launch a pilot project of a prototype of a national digital currency, the 'digital som,' as well as to create a legal basis and its status," a statement on the president's site said.Under the new provisions, the National Bank of...
Is Quantum Computing a Threat to Bitcoin? You Can Get Paid to Break Its Encryption
A Bitcoin bounty worth nearly $85,000 has been offered to test if quantum computers can break the blockchain’s core encryption.Source link
Fed Rate Cut Odds Dwindle Despite Trump’s Criticism
Just five days ago, the likelihood of a quarter-point rate cut was higher, but with fewer than 20 days remaining until the U.S. central bank’s next Federal Open Market Committee (FOMC) meeting, those odds have diminished. In Five Days, Fed Rate Cut Odds Have Declined Massively While a rate cut seems unlikely at the MaySource link
Solana Hits Highest Price This Month Amid Coinbase Upgrades, Canadian ETF Launches
Solana is outpacing Bitcoin, Ethereum, XRP, and other major coins right now, rising to its highest price so far this month Thursday.Source link
VanEck Onchain Economy ETF Receives SEC Nod, Eyes May 14 Debut
The fund will hold between 30 and 60 assets linked to the blockchain economy. Source link