Banque de France tests digital currency-based securities settlement

The central bank of France — Banque de France — is continuing its work on the development of a European central bank digital currency (CBDC).
On Monday the bank officially announced the successful completion of a CBDC experiment with major Switzerland-based cryptocurrency bank SEBA.

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Taproot Explained: Bringing DeFi to Bitcoin | Crypto Briefing

Key Takeaways

Taproot is the Bitcoin network’s first update in four years. It comes after the Segwit update divided the community and led to the separation of Bitcoin and Bitcoin Cash.
Taproot combines the public keys of all users in a complex transaction in a new unique key.

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Hybrid smart contracts will replace the legal system

The era of unintelligible contracts written in legalese by lawyers in $2,000 suits with degrees from Ivy League schools is over. The contracts of the next century will be hybrid smart contracts, written in code by programmers wearing $20 hoodies and living in their NYC-shared apartment.

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EY invests $100 million to expand blockchain product suite, launches DeFi contract simulator

“Big Four” accounting firm, Ernst & Young Global Limited, or EY, is continuing to invest heavily in blockchain, investing $100 million into engineering and developing distributed ledger technologies for a range of enterprise applications.

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Chance of a price crash increases as Cardano (ADA) futures near $1B

Cardano’s (ADA) impressive 816% gain in 2021 catapulted the smart-contract platform’s market capitalization to $61 billion. To fully grasp how far this third-generation protocol has gone, the absolute leader, Ether (ETH), held the same valuation just six months ago.

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Cardano smashes new all-time high following 14% gain

Cardano’s ADA cryptocurrency surged on Sunday, bringing the smart contract platform back into elite territory in terms of market capitalization rankings. 
ADA charted 14% growth to reach $1.83 on major exchanges, marking a new all-time high. It was last seen hovering just below $1.

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Qtum price rallies 160% as the project’s focus on DeFi pays off

After rallying 1.510% in 2021, QTUM price hit a $35.70 all-time high on May 7. This relatively obscure altcoin launched in September 2017 is a fork of the Bitcoin Core 0.13 version, but it also integrates the Ethereum virtual machine (EVM) and smart contract execution capability.

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Fantom Token Soars 40% After Major Network Upgrade | Crypto Briefing

Key Takeaways

Fantom has successfully completed its Go-Opera upgrade, adding one-second finality, faster node synchronization, and other improvements.
The network’s FTM token rose throughout yesterday and has continued its ascent since the update completed.

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