Bank of China Shanghai Achieves Landmark Cross-Border Digital Yuan Settlement with Shanghai Gold Exchange
This marks the first transaction in the domain of cross-border digital yuan (e-CNY) payments in the precious metals market.
![image Brian](https://image.coinlive.com/24x24/cryptotwits-static/2a460cf9e5f34c343d9805a5638495fd.jpeg)
This marks the first transaction in the domain of cross-border digital yuan (e-CNY) payments in the precious metals market.
The Shanghai Municipal Government has unveiled a comprehensive plan, titled the "Shanghai City Action Plan for Advancing New Infrastructure Construction (2023-2026)". This initiative seeks to revolutionise the city's infrastructure and services by harnessing the potential of emerging technologies such as artificial intelligence, blockchain, 5G, and digital twins.
Azuki Elementals NFT mint drew much discontentment despite raking in an astounding $38 million in 15 minutes. Discontent centred around the artwork, the hosting platform’s technical errors, and limited minting window.
Following the network's latest Shanghai upgrade, Ethereum is soaring. The second-largest cryptocurrency by market capitalization is currently up almost 6% over the past 24 hours, with ETH trading hands at around $1,980, per CoinGecko. Liquidation data from Coinglass also suggest that bearish traders were proven wrong too, with Ethereum leading the pack at more than $44 million trades liquidated over the past 24 hours. Of that sum, roughly 77% of those positions were short. The successful execut...
The Ethereum (ETH) Shanghai upgrade is the first major upgrade coming to ETH after PoS.
The Consensus Layer (CL) client teams discussed the progress of testing the upgrade on an All Core Developers Consensus Call (ACDC).
Ethereum core developers say they are chugging steadily towards their goal of launching Shanghai and enabling staked ETH withdrawals on the network by March.
Ethereum staking withdrawals will be dynamic. The amount that can be unstaked depends on how many validators there are.
Ethereum’s Shanghai upgrade is coming and everyone wonders if it will cause ETH’s price to dump.
ETH’s Shanghai upgrade is highly anticipated because once executed, this change will allow users to withdraw their staked Ethereum.