China News Official TheBitTimes.com

Russian Prime Minister Mikhail Mishustin announced on Sep. 28 that the country is developing a blockchain -based system for international settlements using digital financial assets (DFA), which are tokenized versions of traditional financial instruments. Speaking at the Moscow Financial Forum, the Prime Minister said that the Russian government alongside the Bank of Russia has prepared the law framework for the system , according to a report from TASS, Russia’s state news service. “We are currently working on launching cross-border payments based on blockchain technology using digital financial assets and utilitarian digital rights.” Mikhail Mishustin Mishustin neither explained when Russia plans to launch the new system nor how exactly it wants to attract new investments to ease capital flow. You might also like: Bank of Russia wants to ‘avoid super-close attention’ with CBDC His statement comes just a few months after he visited China for a two-da...

IBC is going to allow assets to move between blockchains without the high level of risk inherent to bridging. When I entered crypto, I succumbed to the contest between block chain ecosystem s, believing one had to be “better” than others. I have since realized the future of cryptocurrency is bringing with it a variety of platforms that will excel at different things. With the Inter-Block chain Communication Protocol (IBC), I’ve left behind the days of thinking chain s have to compete and embrace a connected inter chain future. Let me explain. Solana, Polkadot, etc. — what do they have in common? They are individual state machines, each trying to achieve something only one has done before: create a sustainable, robust ecosystem of developers, investors and, most importantly, users. So far, Ethereum shows no signs of slowing. Since beginning the summer of 2020 with an 8% share of the total crypto market, Ether (ETH) has since captured nearly 20% of the market and has remained there....