The study involving Chainlink's Cross-Chain Interoperability Protocol is one of many initiatives exploring use cases for a potential Hong Kong CBDC, or e-HKD. The Hong Kong government is partnering with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to test cross-border transactions between permissioned and permissionless blockchains, as well as settlements using different types of digital assets. The partnership is part of Phase Two of Hong Kong’s central bank digital currency (CBDC) initiative. According to a report from payments company Visa, the initiative will involve a hypothetical Australian investor who wishes to purchase a tokenized asset in Hong Kong. After requesting the purchase in a stablecoin pegged to Australia’s currency, the transaction will be routed via interactions across multiple blockchains. Finally, the purchased asset finds its way into the investor’s wallet, denominated in Hong Kong’s CBDC. Chainlink’s CCIP plays a role in the communication between different blockchains. Acc...
Bitcoin price pushed through a critical overhead resistance level, possibly opening the door to new all-time highs. Key points: Bitcoin opened the week with strength as bulls target new highs in BTC and altcoins. Many major altcoins are stuck in a range, but HYPE is showing signs of strength. Read more
Shares of NCPL surged more than 16% on the news of the Mixie acquisition and are up 48% year-to-date. Netcapital, a financial technology company listed on the Nasdaq stock exchange, has acquired crypto-native protocol Mixie in a deal that has been described as a bridge between traditional and decentralized finance. Mixie, a no-code Web3 gaming platform, was acquired by Netcapital’s portfolio company, Zelgor, for an undisclosed amount, the company told Cointelegraph on Monday. A spokesperson said it was the first time a publicly-listed company has acquired a crypto-native protocol specifically to expand the blockchain industry. Read more