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“# UK Economic Affairs Committee unconvinced by prospect of retail CBDC ” The House of Lords Economic Affairs Committee — an investigative governing body representing the economic interests of the United Kingdom — has released an official report assessing the pertinence of a government-issued central bank digital currency (CDBC). Titled “Central bank digital currencies: a…
“# What is a honeypot crypto scam and how to spot it? ” What is a crypto honeypot and why is it used? Smart contracts programs across a decentralized network of nodes can be executed on modern blockchains like Ethereum. Smart contracts are becoming more popular and valuable, making them a more appealing target for…
“# HSBC and IBM create successful multi-ledger CBDC demo ” On Thursday, HSBC and IBM announced the successful test of an advanced token and digital wallet settlement between two central bank digital currencies, or CBDCs, in a cloud environment. The experiment consisted of transactions between CBDCs, eBonds, and forex. IBM’s Hyperledger Fabric and enterprise technology…
“# Why the world’s largest museum is embracing NFT technology ” Eventually, all museums will build their digital copy in the metaverse, according to Dmitry Ozerkov, the head of the Contemporary Art Department at The State Hermitage Museum. Ozerkov is currently developing the “Celestial Hermitage”, a digital version of the iconic Russian museum, which will…
“# Dan Tapiero’s 10T will launch $500M fund for late-stage crypto firms ” Macro investor Dan Tapiero is launching another multimillion dollar fund intended to invest in mid- to late-stage companies in the digital asset ecosystem. According to a Notice of Exempt Offering of Securities filing with the U.S. Securities and Exchange Commission on Monday,…
“# Russia’s largest bank struggles to register its digital asset platform ” Sber, Russia’s largest bank, is apparently struggling to obtain a regulatory approval for its digital asset issuance platform as the company continues delaying registration plans. Sber CEO Herman Gref announced Dec. 7 that the bank now expects to get its digital asset issuance…
“# Bitcoin AUM falls 9.5% to record largest monthly pullback since July ” The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion….
“# Goldman Sachs boosts tokenization efforts with new partnership ” American investment bank Goldman Sachs, a backer of major cryptocurrency firm Circle, is strengthening its tokenization efforts by partnering with the blockchain startup Digital Asset. The partnership enables Goldman Sachs to use Daml, a development framework created by Digital Asset to allow financial institutions to…
“# Russia aims to replace US dollar reserves with digital assets in long term ” As Russia continues pushing de-dollarization, the Ministry of Foreign Affairs (MFA Russia) is reportedly considering replacing the United States dollar with not only traditional fiat currencies but also digital currencies. Aleksandr Pankin, Deputy Minister of Foreign Affairs of Russia, reiterated…
“# Ukrainian president returns virtual asset bill to parliament for revision ” Volodymyr Zelensky, president of Ukraine, has delayed the signing of the bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according to an Oct. 5 statement issued…