Bank Of Thailand To Pilot Retail CBDC By End Of Year – August 5

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $22,967

Bitcoin price has traded within a $1,000 range over the last 24 hours, finding balance around the $23,000 once again to end the week.

Top-20 altcoins have creeped upwards slightly, as Ethereum and BNB each gain 3%, XRP remains unchanged and Ethereum Classic leads the way with a 4% advance.

Top Stories for August 5, 2022 πŸ”₯

πŸ‘‰ Bank Of Thailand To Pilot Retail CBDC By End Of Year

The Bank of Thailand (BoT) will pilot a “Retail” central bank digital currency (CBDC) by the end of 2022, testing the currency in cash-like activities with around 10,000 users. The Bank of Ayudhya, Siam Commercial Bank and 2C2P will all be involved in the pilot.

The pilot adds to a plethora of CBDC-based projects conducted by the BoT, which includes wholesale CBDC projects and CBDC testing with corporates. It will also host a CBDC Hackathon today, with private sector and public participation.

πŸ‘‰ Justin Sun To Support Ethereum Hard Fork Ecosystem

Tron founder Justin Sun has voiced his support for the primary Proof-of-Work (PoW) fork of Ethereum, as the network’s “Merge” to Proof-of-Stake (PoS) in September draws closer.

Sun, in control of more than 1 million Ether, has pledged a portion of any hard-forked PoW tokens to development and community on the PoW version of the platform. His exchange, Poloniex, will also support trading of both the PoW and PoS tokens.

πŸ‘‰ Binance-Owned WazirX Has Bank Accounts Frozen In India

WazirX, an Indian crypto exchange owned by Binance, has had accounts with $8 million frozen by India’s Enforcement Directorate (ED), in a money-laundering investigation.

The exchange has been under investigation since 2021 for alleged money laundering linked to Chinese loan apps with connections to digital lending in India.