Crypto Kid began creating crypto content at 14, and now he’s thinking of taking profits to buy a Ferrari to drive during the bear market. Efe Kelemci better known on YouTube as Crypto Kid is facing a pretty wild decision for an 18-year-old. Should he blow almost a million dollars on a sports car, or hodl? Im thinking, if this bull market is coming to an end, then maybe taking profit into a nice Ferrari could make sense just for passion, the Dubai-based crypto content creator and entrepreneur tells Magazine. Before you roll your eyes, the teenage crypto millionaire swears its about admiring the sports cars beauty, not flexing like a stereotypical flashy crypto bro. Read more
Crypto Kid began creating crypto content at 14, and now he’s thinking of taking profits to buy a Ferrari to drive during the bear market. Efe Kelemci better known on YouTube as Crypto Kid is facing a pretty wild decision for an 18-year-old. Should he blow almost a million dollars on a sports car, or hodl? Im thinking, if this bull market is coming to an end, then maybe taking profit into a nice Ferrari could make sense just for passion, the Dubai-based crypto content creator and entrepreneur tells Magazine. Before you roll your eyes, the teenage crypto millionaire swears its about admiring the sports cars beauty, not flexing like a stereotypical flashy crypto bro. Read more
ING Bank has signed two guarantee agreements with the Romanian Investment and Development Bank (IDB) to support small and medium-sized enterprises (SMEs) and finance strategic public sector investment projects that have a direct impact on local communities.
Institutions are exploring blockchain settlement, but they cannot move forward without system-level privacy, says ZKsync developer. Privacy tokens bucked the trend to surge in price and popularity during the recent market slump, but most of the discussion has centered on consumer-facing projects like Zcash. At the same time, banks and financial institutions have been exploring zero-knowledge (ZK) systems that enable private transaction flows on blockchains, a technology known for transparency and immutability. As Alex Gluchowski, CEO of Matter Labs, put it, “There is cypherpunk privacy, which is account-level privacy, and then there is institutional privacy, which is system-level privacy. Institutions need full visibility over their own flows while keeping that data private from everyone else.” Read more
Gianluca Di Bella claimed quantum computing already makes encryption and ZK-proofs vulnerable due to “harvest now, decrypt later” risks. Gianluca Di Bella, a smart-contract researcher specializing in zero-knowledge proofs, said the danger posed by quantum computing isn’t a distant concern; it’s a current one. Speaking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Di Bella said he believes “we should migrate now” to post-quantum encryption standards. The reason, he explained, lies in so-called “harvest now, decrypt later” attacks, where data is collected and stored until future technology makes decryption possible. For instance, if the identity of a dissident in a totalitarian country is protected solely by encryption, they want to ensure that the data will remain safe for 10, 15, 20 or more years into the future. Di Bella said that practical commercial quantum computing might be 10 or 15 years away, but cautioned that “big institutions like Microsoft or Google might have a solution in a few ...
As of 2024, at least one-third of commercial banks were exploring or piloting tokenized deposits, according to a survey by the Bank for International Settlements. Leading financial institutions are continuing to explore blockchain technology to facilitate cheaper and faster institutional payments, signaling a growing interest in tokenization solutions. US investment bank JPMorgan and Singapore multinational banking group DBS announced Tuesday that they are developing a blockchain-based tokenization framework to enable onchain transfers between their deposit token ecosystems. The effort aims to set a new industry standard for cross-bank digital payments. The tokenization framework will allow the two financial institutions to facilitate instant payments around the clock, across both public and permissioned blockchain networks, providing their institutional clients with broader access to cross-bank onchain transactions. Read more