The Reserve Bank of New Zealand (RBNZ) published an issue paper providing its perspective on central bank digital currencies (CBDC).The paper outlines CBDC purposes, designs, as well as the potential benefits and associated risks. The bank will be seeking comments on the proposed paper until Dec. 6.The document focuses on a “general-purpose” CBDC that is a digital currency issued to “any individual…
The national postal operator of Russia plans to implement a parcel tracking system that will rely on blockchain technology. The introduction of the new service is part of Russian Post’s digital transformation strategy and is expected to reduce the number of lost shipments. Blockchain-Based Tracking System to Help Russian Post Save Time and Resources In the context of efforts to…
The Commodity Futures Trading Commission (CFTC) has charged 12 New York-based crypto options businesses with allegedly failing to register with the regulatory body. In a Sept. 29 press release, the CFTC outlined that it is charging 14 entities in total, with the 12 crypto-focused firms all on the hook for failing to register as futures commission merchants (FCMs). All of…
The United Kingdom’s central bank is ramping up its research into a central bank digital currency (CBDC) with the selection of a long list of banking and fintech experts to assist it.On Sept. 29 the Bank of England announced the membership of its CBDC Engagement and Technology Forums and they include some big names in technology and finance including Google,…
According to a report published by the Bank of International Settlements (BIS) and a group of central banks, digital currencies can lead to faster settlement and cheaper transfers. Moreover, the banking group leveraged a prototype that shows how money transfers can be done in seconds with very little processing fees. Inexpensive Transfers & Speed: Bank of International Settlements Report Says…
Twitter has unveiled an in-development tool that will enable users to display a verified NFT as their profile picture.Mada Aflak, a senior software engineer at Twitter, shared a video demonstrating functionality that allows users to add NFTs to their accounts. Users can simply edit their profile, connect a cryptocurrency wallet, and import their OpenSea collection. Then, they can choose an…
press release PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its first dApp EverOwn for Binance Smart Chain, EverRise is proud to announce they will launch EverBridge to both the Ethereum and Polygon blockchains on October 5th. With EverBridge, EverRise will make its revolutionary suite of dApps available to projects on both networks starting with EverOwn…
Kraken Security Labs has said that a “large number” of Bitcoin ATMs are vulnerable to hacking as the administrators never changed the default admin QR code. In a Sept. 29 blog post, Kraken posted research from its Security Labs team which found that there are “multiple hardware and software vulnerabilities” in the General Bytes BATMTwo ATM range. “Multiple attack vectors…
Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading.China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders. The regime specifically targeted crypto transactions, but as researched by Cointelegraph, this…
Tesla CEO Elon Musk thinks governments should not try to regulate cryptocurrency. “I would say, do nothing,” he recommended. Musk believes that it is not possible to destroy crypto, but governments can “slow down its advancement.” Elon Musk Says Governments Should ‘Do Nothing’ and Leave Crypto Alone Tesla CEO Elon Musk discussed cryptocurrency and China on Tuesday at Code Conference…
