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“# Bank of Japan to begin digital currency proof-of-concept in 2021 ” The Bank for International Settlements (BIS), in collaboration with a group of seven central banks, published its first joint report into central bank digital currencies on Oct. 9, focusing on the foundational principles and core features of CBDCs. Alongside the report, the Bank…
“# Senior Japanese official fears China being ‘first-mover’ in digital currency ” Japanese banking officials continue to voice concern over China’s progress in the development of its central bank digital currency. Kenji Okamura, vice-finance minister for Japan’s international affairs, warned the global community of the potential risks of China’s digital yuan, Reuters reported Oct. 9….
“# Shenzhen to hand out 10 million digital yuan in currency giveaway ” The major Chinese city of Shenzhen is launching a pilot program to promote the digital yuan with a public giveaway. In collaboration with the country’s central bank, Shenzhen is planning to distribute a total of 10 million digital yuan ($1.5 million) —…
“#Teen assumes Finland’s PM post for a day in ‘Girls Takeover’” Associated Press — A 16-year-old girl ceremoniously assumed the post of Finnish prime minister for one day for the “Girls Takeover” program — part of the UN International Day of the Girl to raise more awareness of gender equality. Aava Murto from the small…
“# Ex-Goldman Sachs exec believes that his decentralized clearing house can rescue DeFi from oblivion ” Revolution Populi has released layer one of a blockchain solution that the founding team believes could be used as a clearinghouse for crypto and traditional financial transactions. The protocol iterates over the delegated proof-of-stake consensus used by EOS, which employs…
“# Solana set to launch decentralized Ethereum bridge to power DeFi ” Solana, the smart contract platform that recently entered the spotlight thanks to FTX’s Serum, announced the upcoming release of what it says is a decentralized bridge for Ethereum ERC-20 tokens. Called Wormhole, the bridge would allow users to transfer value between the different…
“# GM and Honda publish specs for decentralized electric car charging network ” The Mobility Open Blockchain Initiative (MOBI) has launched a global standard for integrating blockchain technology into a decentralized vehicle charging network. The storage of excess energy generated by wind or solar is a big problem for the renewable energy industry as batteries…
“# KPMG unveils blockchain solution to track climate emissions ” International accounting firm KPMG has unveiled its blockchain based Climate Accounting Infrastructure (CAI) solution to help organizations measure, report, and offset their greenhouse gas emissions. CAI uses blockchain to securely store environmental data in a financial system as part of organizations’ climate risk assessments and…
“# Experts weigh in: Is DeFi dead or is it still the future of finance? ” As the majority of DeFi related tokens continue to beat a retreat from their peaks this year, industry experts have weighed in on whether the decentralized finance bubble has burst, or if it will rise from the ashes. Top…
“#Security flaw in male ‘chastity cage’ lets hackers lock up penis” A glitch in a computer-controlled male “chastity cage” could cause some unlucky guys’ privates to be locked up by hackers. The security flaw in the Qiui Cellmate Chastity Cage — which is a kind of sex toy designed to be attached to a user’s…