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The US dollar has dominated the energy trades for decades. But a shift in the currency hierarchy is coming. China and France settled their first LNG gas trade using the Chinese CBDC – the digital yuan, Reuters disclosed on March 29. Shanghai Petroleum and Natural Gas Exchange, China’s energy trading exchange, reportedly facilitated the Yuan-based transactions , which encompassed 65,000 tonnes of LNG “ imported from the UAE.” The Era of CBDCs is Here The development of the digital yuan has been ongoing since 2014 and accelerated steadily in recent years. People’s Bank of China has conducted a pilot program for its digital yuan in several provinces and cities across the country. Alternatively, the central bank has been reportedly working with major banks and payment providers to integrate the CBDC into their systems. It’s noteworthy that China’s CBDC project is still in the pilot phase with no official launch date. With the first Yun-based gas trade, China achieved initial success...

Verichains, a leading provider of blockchain security solutions, has announced that the firm discovered critical Key Recovery Attacks in Popular Threshold Signature Scheme (TSS), a Multi-Party Computing (MPC) protocol. MPC is one of the most popular technologies used by multiparty wallets and digital asset custody solutions. With these vulnerabilities, many of the current safety protocols will be impacted. It has quickly become the standard for securing digital assets of many major blockchain and financial organizations, such as the largest global custodian bank BNY Mellon, Europe’s largest neobank Revolut, ING, Binance, Fireblocks, and Coinbase. Popular Threshold Signature Scheme (TSS) Are Vulnerable to Key Recovery Attacks Although blockchain technology is increasingly developed and adopted, ensuring the security and availability of funds without relying on a single trusted entity is one of the challenges needed to solve. A Threshold Signature Scheme (TSS) is a cryptographic pr...

The crypto market is declining following MicroStrategy’s news. But there may be more at play than just this single event. MicroStrategy’s co-founder Michael Saylor announced on Monday that the company just purchased 6,455 bitcoin, equivalent to around $179 million at the press time. The investment totals 138,955 ($4.14 billion) in the company’s bitcoin holding. In addition, MicroStrategy reportedly repaid a $205 million loan to Silvergate Bank. The crypto-friendly bank discontinued earlier this month after a titanic financial struggle. Silvergate Bank and MicroStrategy reportedly entered a loan agreement for the purpose of bitcoin acquisition. The software company has borrowed money from many institutions to enrich its bitcoin holding as part of its strategy to hold bitcoin as a treasury reserve asset. However, the executive highlighted that instead of repaying the original amount, the company only needed to pay off the loan at a 22% discount, approximately $160 million. “Mic...

Nasdaq plans to capitalize on the growing demand for crypto-related services and help drive further innovation in the space. The news came amid endless turbulence and increased regulatory pressure. Nasdaq’s crypto custody services are already underway, according to Bloomberg’s report on March 24. The launch is expected to occur by the end of June this year. In September 2022, Nasdaq announced the establishment of Nasdaq Digital Assets, a division dedicated to offering crypto custody services. The move carried a competitive message, especially since other financial giants such as Fidelity Investments, BNY Mellon, and BlackRock tipped their toes into the crypto space. A Big Move Into Crypto Custody Speaking with Bloomberg, Ira Auerbach, Senior Vice President and Head of Nasdaq Digital Assets, said that the New York-based stock exchange has been developing an advanced custody solution for digital assets. At the same time, Nasdaq has applied to provide digital asset custody servic...

Prime XBT is a trading platform launched in 2019 that lets traders take advantage of the ability to trade Bitcoin and other major cryptocurrencies with leverage. They have quickly become one of the major players in the margin-trading industry taking on heavyweights such as BitMex . The exchange aims to overcome the common problems of other platforms, including long KYC approval processes, unexpected downtime, low liquidity, problems trading on markets that are failing, limited order types, poor user experience, and high trading fees. Instead, PrimeXBT offers amazing leverage, a highly user-friendly interface, vast liquidity and trading volumes. Read on for our full review. Visit PrimeXBT Prime XBT Leverage Leverage is one of the many features that advanced traders tend to look for, but most platforms offer very limited leverage when it comes to trading cryptocurrency. PrimeXBT stands out by offering leverage of 1:100. This means that for each $1, you get $100 worth of buying ...

If you’re looking to trade digital currencies from the comfort of your home, you’ll need to ensure that you are using a platform that comes jam-packed with tools, insights, and of course – competitive fees and commissions. With that said, seasoned traders will often make use of several exchanges to access specific markets and pairs, or take advantage of arbitrage opportunities. Moving from exchange to exchange can, however, be both cumbersome and time-consuming. With that in mind, Bitsgap makes it possible for you to connect all your exchanges in one place. This comes with a plethora of plus-points – such as being able to execute arbitrage strategies with ease and deploy advanced bots to trade simultaneously across multiple platforms. As such, Bitsgap has evolved to accommodate the many needs and expectations of cryptocurrency traders. In this Bitsgap review, we explore everything there is to know about the cross-exchange services offered by the provider. Visit Bitsgap Bitsgap ...

Unlike the stock markets, the cryptocurrency market never closes and never sleeps, which can be a highly stressful scenario for traders and even casual investors in the industry. Users familiar with crypto investment will also be familiar with the (joyful or sinking) feeling of waking up in the morning to be greeted by a pleasant or unpleasant surprise when they check their portfolio and see large gains or losses. As a result of the volatility of the market, trading bots have become increasingly popular among traders by allowing them to remain in control of their trading at all times, with the bot not sleeping even while the trader is. In addition, a correctly specified bot allows trades to be executed faster and more efficiently than the trader would be able to do manually. The explosion of popularity in cryptocurrency has also resulted in a big increase in the number of crypto trading bots available, either for free from open-source platforms or licensed to users in exchange for...