“The central bank is developing “the national payment gateway for Cambodia” as a blockchain-based, peer-to-peer platform with its own specially designed cryptocurrency. The CBDC will work on a closed system supported by its banking members.
Users will be able to set up a Bakong wallet that will be automatically linked to their bank accounts, allowing easy fiat currency exchange into the new CBDC in real time. NBC says it will store all transaction data from the platform, suggesting payments may be fully traceable.
[T]he system can support any type and number of currencies, including cryptocurrency. We are in the final stages of the deployment.”
“It’s “very important” the bank should lay the groundwork of the technology.
The speed of technical innovation is very fast. Depending on how things unfold in the world of settlement systems, public demand for CBDCs could soar in Japan.
Amamiya said the central bank does not yet plan to issue a CBDC because potential issues need more research, such as the the ramifications for monetary policy.”
“Mallers compared Zap’s new infrastructure development to swiping a Visa card, but using Zap’s web of lightning nodes to settle charges. Since users never interact with the digital asset, evergreen crypto concerns such as taxes and volatility melt away.
You can download it, link your bank account, your debit card and you can scan any lightning payment you want. Then it will turn around and it will debit your account so that you’re using U.S. dollars to interact with the lightning protocol.
Mallers said Zap’s wallet is positioned to bring “normies” into the crypto space for the first time.“
“Bittrex has insured digital assets held in its cold (or offline) storage to up to $300 million, the highest coverage yet offered by a cryptocurrency exchange. [The policy] will protect users’ holdings in cases of “external theft and internal collusion.”
The policy was approved after the exchange demonstrated its internal security and compliance protocols, and was supported by other syndicates based out of Lloyd’s of London, one of the world’s largest insurance markets.”
“U.S.-regulated security token platform TokenSoft is now providing self-managed accounts for investors. Effectively a digital wallet, the product offers automated dividend distributions and built-in reporting for token issuers.
Setting out to provide the tech for firms to “go straight to IPO” by putting their shares on a blockchain, Borda said that TokenSoft is ‘building all the things you need for an automated investment bank.'”
“The alliance believes there is not sufficient legal or regulatory clarity in the U.S. around staking yet, including how staking rewards are taxed and how entities should interpret securities laws for validation relationships.
The lobbying group said having the two companies on board adds weight to its mission of advancing the proof-of-stake (POS) industry. Other members of the group include Tezos, the Interchain Foundation and the Web3 Foundation.
Proof of Stake is an increasingly important innovation that the crypto space as a whole is rapidly trending toward.”
“Taproot only improves privacy in limited aspects and under specific conditions. Wuille then added that Taproot is “certainly no silver bullet” for privacy.
Taproot hides scripts and makes multisig (often) indistinguishable. It does not directly do anything for CoinJoin.”
“BCH block number 620025 was mined at 2:14 on Jan. 30. The next block, number 620026, was found at 7:33 of the same day with 6,950 transactions in 2.33 megabytes.
BCH has so few transactions that after 5.5 hours of no block it still only fills up 2.3MB.
Slower than usual blocks occasionally happen on the Bitcoin blockchain as well. Proof-of-work blockchains, due to the variety of their users and the random nature of the mining process, often show rare events recognized as occasional anomalies.“
“Griffith was arrested in November on allegations he spoke at a cryptocurrency conference in North Korea last year, where he allegedly taught his audience how to use cryptos to evade sanctions.
We are going to vigorously contest the charge and look forward to getting all the facts in front of the jury at trial.”