Ethereum News Official TheBitTimes.com

Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement.  During a key session at the FinTech Symposium in Hong Kong’s Science and Technology Week, the lead of the Digital Currency Institute of the People’s Bank of China Mu Changchun detailed the latest developments in the technical and privacy frameworks of their central bank digital currency (CBDC) project, known as the ‘Money Bridge’. The ‘Money Bridge’ project will be based on a proprietary blockchain developed exclusively for this initiative, dubbed the mBridge Ledger (mBL). This ledger will deliver crucial services such as simultaneous foreign exchange and payment settlements, wallet administration, and safeguarding privacy . “China & UAE-backed mBridge plan is considered so advanced that the IMF hosted discussions in April about how to bring the project under [its] control…to avoid hav...

Private key manager Casa has launched a transaction relay feature to offer its Ethereum users more privacy when transacting from their personal vaults. Cryptocurrency self-custody platform Casa has rolled out new functionality for its recently launched Ethereum (ETH) vaults that will allow users to transact via a relay for added privacy. Casa added a multisignature Ethereum self-custody vault to its initial Bitcoin (BTC) custody offering in June 2023, allowing users to manage the self-custody of their ETH holdings with up to five private keys to secure their assets. In an effort to afford more transactional privacy to its ETH users, Casa has introduced a mechanism that allows users to make use of an ETH Pay Wallet as a relay to create and transact from their vault . Related: Bitcoin self-custody advocate explains why on-ramps are key to adoption As the company explained to Cointelegraph, Casa had previously assisted users with interactions between their ETH vault s and the Ethereu...