THE DAILY ENCRYPT

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Preventing an Energy Crisis Through Blockchain

Nothing has shaped modern human life on this planet more than electricity. It powers our homes, our appliances, our heating and cooling systems, our electronics, our computers, our phones and the internet. It powers industry, science, research, hospitals, agriculture, manufacturing, construction, and public transportation. Electricity is so essential that we only realize how dependent we …

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The Role of Blockchain Technology on Restructuring The Gaming Industry

Gaming has become an integral part of our daily lives worldwide. The gaming industry is raking in billions of dollars year after year, attesting to its profitability and widespread adoption. According to Statista, more than 3.24 billion gamers worldwide were actively or passively involved in gaming last year. Despite the massive size of the gaming …

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TA: Ethereum Prints Bearish Technical Pattern, Why It Could Revisit $2.5K

Ethereum settled below the $3,000 support zone against the US Dollar. ETH price could continue to move down if it stays below the $3,000 pivot level. Ethereum started a downside correction after it failed to stay above the $3,200 level. The price is now trading below $3,000 and the 100 hourly simple moving average. There …

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Bahrain Central Bank Completes Cross-Border Transfer Test Using JPMorgan Blockchain

The Central Bank of Bahrain (CBB), working in partnership with Bank ABC, recently announced it had successfully tested the transfer of funds across borders using JPMorgan’s JPM Coin. The test fulfills the central bank’s goal of creating safe and efficient settlement solutions for customers. Eliminating Inefficiencies in the Cross-Border Payment Arena With CBDCs Bahrain’s central

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LBank Exchange Integrates Chainlink Price Feeds for Secure Perpetual Futures Prices

PRESS RELEASE. Lbank excited to announce that LBank Exchange—the world-class digital asset trading platform—has integrated Chainlink Price Feeds. By integrating the industry-leading decentralized oracle network, LBank Exchange will have access to high-quality, tamper-proof price feeds needed to help secure perpetual futures trading on the platform. This will provide our users with stronger assurances that LBank

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IMF: Crypto Is No Match for Well-Designed Central Bank Digital Currencies

The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, says that crypto assets and stablecoins are no match for well-designed central bank digital currencies (CBDCs). “If CBDCs are designed prudently, they can potentially offer more resilience, more safety, greater availability, and lower costs than private forms of digital money,” she said. IMF on