Month: April 2024

As we approach the midpoint of 2023, the Bitcoin network stands on the cusp of a significant milestone — the forthcoming block reward halving, expected to occur within the next 300 days. Projections suggest this event will transpire between April 21 and 27, 2024, resulting in a 50% reduction in mining rewards. This impending shift… Continue reading Bitcoin’s Approaching 2024 Halving: Navigating New Realities for Mining Rewards

Arthur Hayes, the former CEO of Bitmex, has recently published a thought-provoking blog post asserting that bitcoin is poised to become the primary currency for artificial intelligence (AI). Hayes argues that in the evolving landscape of AI, bitcoin’s characteristics make it the ideal currency, given its accessibility, digital nature, and complete automation. Arthur Hayes Envisions… Continue reading Arthur Hayes Foresees Bitcoin as the Premier Currency for Artificial Intelligence

The New York Federal Reserve, alongside a consortium of financial institutions, has announced the completion of a successful proof-of-concept test for the Regulated Liability Network (RLN). This network envisions the implementation of a dollar-based interbank central bank digital currency (CBDC), showcasing the potential for near real-time dollar payments and cross-border settlements. New York Federal Reserve… Continue reading New York Federal Reserve and US Banks Conclude Successful Test of Programmable Dollar-Based CBDC

Olga Skorobogatova, the first deputy chairman of the Central Bank of Russia, has indicated that the digital ruble, the Russian central bank digital currency (CBDC), may see its launch by 2025. A pilot test for the CBDC is slated to be conducted later this year, contingent upon the passage of a bill regulating the operations… Continue reading Central Bank of Russia: Digital Ruble Launch Expected by 2025

David Marcus, CEO of Lightspark and co-creator of the Diem cryptocurrency project (formerly known as Libra), has articulated his vision of transforming Bitcoin into a global payments network. Marcus likened the current state of global payments to the “fax era,” highlighting the absence of a universal protocol for seamless value transfers over the internet. In… Continue reading Lightspark CEO David Marcus Advocates for Bitcoin as Global Payment Infrastructure:saidb zcxlv isadg ZXC