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The European Central Bank will launch a blockchain settlement pilot by late 2026 under its new Pontes initiative, aiming to connect DLT platforms with the eurozone’s core payment systems. The European Central Bank (ECB) has approved a two-track plan to settle distributed ledger technology (DLT) transactions using central bank money, which could pave the way…
Critics often overlook the inconvenient fact that “decentralized” blockchains in fact depend on centralized points of failure that have the potential to corrupt entire ecosystems. One of the laziest and most frustrating criticisms of digital currencies — particularly Bitcoin (BTC) — is when pundits liken it to a pyramid scheme dependent on the “greater fool”…
” Fed governor Waller says crypto ecosystem has distinct parts with varying potential “ The parts that make up the cryptocurrency ecosystem are not all equal, United States Federal Reserve Board governor Christopher Waller told a conference audience on Feb. 10. He had clear preferences among the three elements of the ecosystem that he identified….
” Bank of Italy selectively encouraging DLT, preparing for MiCA, governor says “ The Bank of Italy is looking for new ways to apply distributed ledger technology (DLT) and is preparing for the advent of Markets in Crypto-Assets (MiCA) regulation, bank governor Ignazio Visco told a congress of Assiom Forex, the Italian financial markets association,…
” Chinese blockchain firm launches the ‘SWIFT’ of stablecoins and CBDCs at Davos “ A Hong Kong-based blockchain company has launched a digital payments system aimed at bridging the gap between stablecoins and Central Bank Digital Currencies (CBDCs). Red Date Technology, the blockchain infrastructure firm which is also leading one of China’s blockchain efforts, launched the…
” Algorand to support bank and insurance guarantees platform in Italy “ Layer-1 blockchain platform Algorand has been chosen as the public blockchain to support an “innovative digital guarantees platform” to be used in Italy’s banking and insurance markets. The Algorand-supported platform is expected to be launched in early 2023. According to Algorand’s Dec. 13 announcement,…
” Malta prepares to revise regulatory treatment of NFTs “ Own this piece of crypto history If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to Forum.BuradaBiliyorum.Com If you want to read…
” Blockchain-based supply chain platform canned by IBM and Maersk “ United States technology company IBM and Danish logistics firm Maersk have decided to discontinue their co-developed blockchain-backed supply chain platform, TradeLens, citing a lack of “global industry collaboration” as a key reason behind the decision. Maersk stated on Nov. 29 that it has begun…
” Aussie stock exchange abandons blockchain plans, leaving $170M hole “ The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system into the 21st century have just been canceled. In a Nov. 17 statement, ASX announced it had paused all current activities of its “CHESS replacement…
” New Cosmos whitepaper repurposes ATOM token and refines vision “ Interoperability-focused blockchain network Cosmos has dropped a new whitepaper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its native ATOM token. The new Cosmos whitepaper was released on Monday at the Cosmoverse conference in Medellin, Colombia….