Over the past two days, there have been many developments in the global crypto arena, including the publication of the Australian Central Bank’s digital currency (CBDC) whitepaper.
A total of 1700 ETH tokens are released every day by staking 14 million ETH tokens.
The US Commodity Futures Trading Commission (CFTC) filed and settled a charge against a Blockchain protocol, and the DAO and other news.
Australian releases CBDC Whitepaper
The Reserve Bank of Australia (RBA) has stated in a September 26 release that it is collaborating with the Digital Finance Cooperative Research Center (DFRCC) on a research project to explore potential use cases for a central bank digital currency (CBDC) in Australia. The RBA has also released a white paper on the same and explained the objective behind such a project in detail.
The RBA is also seeking input from interested industry participants on potential use cases of CBDC, and how it could also benefit the Australian economy and financial systems.
CFTC files, settles case against Blockchain, DAO
The CFTC had filed and settled charges against the founders of the Blockchain protocol bZeroX (BZx) Tom Bean and Kyle Kistner.
The charges against them were that they offered illegal tokenized margin trading and over-the-counter lending services, and they operated as an unregistered futures commission merchant (FCM), which was illegal since they also failed to meet the requirements of the Bank Secrecy Act regarding fundraising. of customer information.
The CFTC also filed a federal civil enforcement action against Ooki DAO, which also operated along the same lines as bZeroX, and had also violated the same laws as bZeroX, Coindesk reported.
Ethereum circulation is increasing
According to a Cryptopotato.com report, the current stake reward rate is about 1700 ETH every day. About 14 million ETH tokens are currently staked and 1700 ETH are given out every day to qualified players.
The supply of ETH tokens in market circulation has increased by over 5,990 tokens ever since the “Merge,” according to blockchain activity tracking website ultrasound.money.
However, this supply of ETH tokens is far lower than the 112,000 ETH token supply if ETH had not been merged and was still characterized by the proof-of-work consensus mechanism.
Graphics card prices have hit all-time lows in China following Ethereum merger
According to a South China Morning Post (SCMP), the switch of Ethereum’s consensus mechanism from proof-of-work to proof-of-stake on September 15 has caused a record drop in GPU prices in China.
“When the wave of Bitcoin mining was at its peak, people from the mining companies just went to the stores with cash and took away all the graphics cards we had in stock. Now nobody is buying new computers because of the coronavirus, let alone those who want to install a new graphics card,” said a dealer surnamed Peng, the South China Morning Post reported.
Coto partners with Polygon (MATIC) Blockchain to release 5000 NFTs
Coto, a Web 3.0 blockchain company built specifically to cater to women, has partnered with Polygon (MATIC) to create 5,000 non-fungible tokens (NFT), which are only available to its early adopters. Coto said in a release that these 5,000 NFTs will be divided into 6 genres such as Beauty, Comedy, Entertainment, Fashion/Lifestyle, Finance/Career and Health.
Dacil Curbelos, an NFT artist who collaborated for this NFT project, said, “I’m excited to be a part of coto as an NFT artist. I’ve always experimented with new art forms and tools right from formats, techniques and genres. The character sketches in each cotoOG NFT are unique and a representation of a social creator’s commitment and expertise.
