Federal Reserve Bank of New York claims that foreign exchange transactions would take just ten seconds, according to their system testing.
November 04, 2022 | | | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $20,786 | Bitcoin price briefly broke through the $21,000 mark this morning as the entire market rallied strongly, now cooling off. | Top-20 altcoins have performed well, as Ethereum rises 5%, BNB jumps 7% and Dogecoin slows down with.a 6% correction. | Top Stories for November 4, 2022 🔥 | | Federal Reserve Bank of New York claims that foreign exchange transactions would take just ten seconds, according to their system testing. | The project simulation involved a permissioned blockchain network that was written in the "Rust" programming language, however further details were not disclosed. | Currently, the industry standard for such transactions is two entire days – a timeframe that could be highly improved upon. | | A group of MP's in UK parliament are launching an inquiry into the risks and benefits of non-fungible tokens (NFTs) – likely to result in proposals for NFT oversight in the country. | The group will assess if NFT investors are "put at risk by the market" and also aims to help Parliament understand the opportunities presented by the technology. | | Gala Games, a blockchain gaming company, has calmed its community following what appeared to be a hack that minted $2 billion worth of tokens out of thin air. | It was later revealed that the "hack" was carried out by the project team itself, after seeing a bug in a cross-chain bridge code related to the token. |
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