The cryptocurrency sector has seen tremendous growth in the last two years. Despite the concerns of countries around the world, people are investing in it. In such a situation, Cambridge University has proceeded on a new project related to cryptocurrency research. The university is collaborating with some of the world's top banking institutions and private companies to launch the project. The Cambridge Center for Alternative Finance (CCAF) has launched a research initiative aimed at uncovering all the information related to the rapidly growing digital asset industry. According to a Cointelegraph report, the Cambridge Digital Assets Program (CDAP) has been launched in collaboration with 16 organisations.
These organizations are associated with the program. Among those participating in the program are public institutions such as the Bank for International Settlements Innovation Hub and the International Monetary Fund. In addition, banks such as Goldman Sachs, financial giants such as MasterCard and Visa, and major exchange-traded fund providers such as Invesco are also involved in the program.
Talking about some other organizations, British International Investment, Dubai International Financial Center, Ernst & Young, Fidelity, London Stock Exchange Group and World Bank are also included in this.
The purpose of the CDAP program is to create dialogue among people about cryptocurrencies, so that they can get complete information about it. The program will focus on three main areas including the impact of crypto on the environment, infrastructure, digital assets, stablecoins, central bank digital currencies and cryptocurrencies. CCAF Executive Director Brian Zhang said the Cambridge Digital Assets Program aims to provide greater clarity about cryptocurrencies by providing data-based information.
Talking about the current value of the major cryptocurrency, on Tuesday, the price of bitcoin was $ 40,226 (about Rs 30 lakh) with a profit of 10.6 percent. The price of bitcoin was also seen rising on international exchanges. Bitcoin was priced around $43,024 (approximately Rs 32.4 lakh) on global exchanges including CoinMarketCap and Binance, up over 13%.
Gadgets 360's crypto price tracker shows that Ether opened with a gain of 8.64 percent, and was trading at $3,012 (approximately Rs.2.25 lakh) as of the writing of the news. On international exchanges, ETH gained over 11 percent. It was priced at around $2,908 (approximately Rs 2 lakh) on the global exchange.
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