The South African regulator can launch a blockchain-based platform

The South African regulator can launch a blockchain-based platform
The Central Bank of South Africa announced plans to use blockchain technology based on the Ethereum for performing interbank transactions.

The regulator completed the testing of the platform within the Project Khokha project.

During the testing, it was proved in practice and in close cooperation with the banks of the country that the distributed ledger technology allows online processing of transactions in a simplified scheme than with traditional payment systems.

Almost 99% of all test transactions on the blockchain were processed ...
Read more about "The South African regulator can launch a blockchain-based platform" on coinatory.com

Comments

  1. byodbuzz06November 28, 2018 at 8:02 AM

    A great piece that sheds much needed light on some of the great theoretical/ideological debates in the contemporary crypto space. At CleanApp Foundation, we appreciate the emphasis on pragmatism, and emphasis on Blockchain/DTL/Crypto projects that offer real social utility. Looking forward to engaging more with your crew!

    ReplyDelete

Post a Comment

Popular posts from this blog

Tether Achieves Record $4.5 Billion Profit in Q1 2024 Amid Surging Treasury Holdings

Image
Tether, the issuer of the prominent USDT stablecoin, has reported a record-breaking net profit of $4.5 billion for the first quarter of 2024. This financial milestone was confirmed by a BDO assurance opinion, which also highlighted that Tether’s holdings in Treasury bills have surged to over $90 billion. The firm's total net equity has concurrently exceeded $11.3 billion, fueled by its diversified operations. The attestation further reveals that since the final quarter of the previous year, Tether's ownership of U.S. Treasuries and net equity have experienced substantial growth, climbing from approximately $80 billion and $7 billion, respectively. Of the $4.5 billion in net profits reported this quarter, $1 billion originated from operations associated with issuing stablecoins and managing reserves. Primarily, these profits were g Read more about Tether Achieves Record $4.5 Billion Profit in Q1 2024 Amid Surging Treasury Holdings #Blockchain, #Cryptocurrency, #Cryptomarket, #Cr
Read more

Cryptocurrency Market Fluctuates: Fear and Greed Index Drops to Fear Level

Image
The cryptocurrency market has witnessed a notable shift in investor sentiment, with the Crypto Fear and Greed Index retracting to a level of 43, the lowest since the previous October. This decline marks a substantial move from a state of greed to one dominated by fear, suggesting an increase in investor anxiety and a bearish outlook prevailing within the market. Traditionally, a score between 26 and 46 on this index indicates that fear is likely influencing market dynamics, possibly leading to more conservative investor behavior. This shift comes amid a drastic downturn in Bitcoin prices, which has significantly affected the mood among cryptocurrency traders. Only last week, the market sentiment was categorized within the greed zone, highlighting how rapidly investor emotions have changed in response to market conditions. Adding Read more about Cryptocurrency Market Fluctuates: Fear and Greed Index Drops to Fear Level #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewsto
Read more

BlackRock's Bitcoin ETF Sees No New Investments for Fourth Day in a Row

Image
Investor sentiment in digital asset investment products remained tepid last week, as evidenced by the continued outflows from spot Bitcoin ETFs on April 29. According to data from SoSoValue, 11 U.S. spot Bitcoin ETFs collectively registered $51.53 million in outflows on that single day. In a notable shift within the sector, Grayscale’s GBTC, which typically leads this market, saw significant withdrawals. Investors pulled $24.66 million from GBTC, while ARK 21Shares’ BTC ETF experienced even larger outflows, totaling $31.34 million. Additionally, Fidelity’s spot Bitcoin ETF reported outflows of $6.85 million. Among the ETF issuers, five, including BlackRock’s IBIT fund, did not record any new inflows. Despite this, BlackRock has recently overtaken Grayscale as the foremost spot BTC ETF provider, trailing GBTC's market presence by a Read more about BlackRock's Bitcoin ETF Sees No New Investments for Fourth Day in a Row #Bitcoin, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #
Read more