Over the past two days, there has been a lot of development in the global crypto arena, including the publishing of the Australian central bank digital currency (CBDC) whitepaper.
A total of 1,700 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 DAO, and other news.
Australian Releases CBDC Whitepaper
The Reserve Bank of Australia (RBA) in a release on September 26, has stated that they are collaborating with the Digital Finance Cooperative Research Centre (DFCRC) on a research project about exploring the potential use cases for a central bank digital currency (CBDC) in Australia. The RBA has also released a whitepaper regarding the same and explained the objective behind such a project in detail.
The RBA is also seeking inputs from interested industry participants for potential use cases of CBDC, and how it can benefit the Australian economy and financial systems, too.
CFTC Files, Settles Case Against Blockchain, DAO
The CFTC had filed and settled charges against Blockchain protocol bZeroX (BZx) founders Tom Bean and Kyle Kistner.
The charges against them were that they were offering illegal, off-exchange tokenised margin trading and lending services, and they operated as an unregistered futures commission merchant (FCM), which was illegal since they also failed to meet the Bank Secrecy Act requirements regarding gathering of customer information.
The CFTC also filed a federal civil enforcement action against Ooki DAO, which was also operating on the same lines as bZeroX, and had also violated the same laws as bZeroX, reported Coindesk.
Ethereum Circulation Increases
According to a Cryptopotato.com report, the current staking rewards rate is about 1,700 ETH every day. About 14 million ETH tokens are currently staked and 1,700 ETH is released every day to eligible stakers.
The supply of ETH tokens in market circulation has increased by over 5,990 tokens ever since the ‘Merge’, according to a blockchain activity tracking website, ultrasound.money.
However, this supply of ETH tokens is far lower than the 112,000 ETH tokens supply had ETH not been merged and still continued to be minted by proof-of-work consensus mechanism.
Graphics Card Prices Hit All-Time Low In China After Ethereum Merge
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 fall in GPU prices in China.
“When the wave of Bitcoin mining was at its peak, people from the mining companies just walked in the stores with cash and took away all the graphics cards we had in store. Now, no one is buying new computers because of the coronavirus, not to mention those who want to instal a new graphics card,” said a trader named Peng, reported South China Morning Post.
Coto Partners Up With Polygon (MATIC) Blockchain To Release 5000 NFTs
Coto, a Web 3.0 blockchain company built specifically to cater to women has partnered up with Polygon (MATIC) to create 5000 non-fungible tokens (NFTs), which is exclusively available only to its early community adopters. Coto said in a release that these 5000 NFTs will be divided into 6 genres like beauty, comedy, entertainment, fashion/ lifestyle, finance/ career, and health.
Dacil Curbelos, an NFT artist who collaborated for this NFT project, said, “I am excited to be part of coto as an NFT artist.. I have always experimented with new artforms, and tools right from formats, techniques and genres. The character sketches in each cotoOG NFT are unique and a representation of a community creator’s commitment and expertise.