China News by Thebittimes.Com

Crypto exchange FTX might be bankrupt but it continues to spell bad news for Solana. During the ongoing trial of FTX’s former CEO Sam Bankman-Fried, Solana’s name has cropped up more than once.  It doesn’t help that Bankman-Fried was once a strong supporter of Solana. Following multiple mentions during the trial s, Solana’s price has dropped significantly in the recent past. One of the few saving graces amidst the gloom seems to be the excitement around the presale success of InQubeta (QUBE). The decentralized platform was rolled out just a few months ago and it’s already among the best new ICOs of 2023 after its presale funding crossed $3.6 million recently.  Powered by the Ethereum network, InQubeta enables startups working in the artificial intelligence (AI) sector to find reliable investors and bring their ideas to life. It also helps investors to access promising projects ahead of their market launch.  InQubeta...

The experiment demonstrated that CBDCs could be wrapped to purchase NFTs on blockchains such as Ethereum. Mastercard has completed a trial involving wrapping central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin (wBTC) and wrapped Ether (wETH). According to the October 12 announcement, the trial was conducted with the Reserve Bank of Australia (RBA) and the country's Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. In a live environment, Mastercard said the solution allowed a CBDC owner to purchase a nonfungible token (NFT) listed on Ethereum. "The process “locked” the required amount of a pilot CBDC on the RBA’s pilot CBDC platform and minted an equivalent amount of wrapped pilot CBDC tokens on Ethereum," the payment processor wrote.  "A pre-requisite of the test transaction was that the Ethereum wallets of both the buyer and seller, as well as the NFT marketplace smart...

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