“The central banks of Canada, the United Kingdom, Japan, European Union, Sweden and Switzerland created a group with the Bank for International Settlements (BIS) to jointly research central bank digital currencies (CBDC).
The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies.
The research group will be co-chaired by head of the BIS Innovation Hub and Deputy Governor of the Bank of England.”
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“The parting appears to be amicable, with Vodafone leaving specifically to focus on its own related service and not due to the regulatory concerns that apparently spooked other former members.
Vodafone will dedicate resources previously intended for Libra to its well-established and successful digital payment service M-Pesa, which the company plans to expand beyond the six African nations currently served.
Libra intends to admit new members to the Association in 2020, a person familiar with the situation said. The waitlist is currently north of 1,500 companies.”
“Iceland-based Monerium, which has a European Economic Area (EEA) e-money license, has entered into a non-exclusive partnership with Algorand. The deal will see the two companies collaborate on developing ‘real-world use cases that are enabled by advanced blockchain technology‘ using Monerium’s “programmable” e-money.
Monerium allows clients to develop blockchain-based financial services, such as cross-border settlements, using any fiat currency of choice such as the euro, pound sterling or U.S. dollar. The firm holds clients’ deposits of fiat currency and releases them in digital form for use on a blockchain.
The e-money license granted by the Icelandic Financial Supervisory Authority in June 2019, allows the firm to operate across the EEA, which includes EU countries.“
“Square Crypto, the payment company’s bitcoin-focused wing, is building a “Lightning Development Kit” for wallet and app developers to more easily build on the layer-2 solution.
The new kit includes an API, language tools, demo apps and other features to help developers integrate support for Lightning payments into their own wallets.”
“The regulator sees two distinct types of digital wallets:
Some, but not all, digital wallets hold stored value on behalf of customers and are pre-paid facilities. Others (such as Apple Pay) hold customers’ credit/debit card details and only facilitate payments from that nominated account.
APRA states that it would oversee digital currency wallets that are widely used for payments and value storage, such as Libra’s corresponding Calibra wallet, while excluding wallets that are mostly used to pass payments through, such as Apple Pay.”
“Grayscale filed a Form 10 to the SEC in November, opening the trust up to investors currently restricted from participating in non-regulated vehicles.
The trust’s shares are now registered under the Exchange Act of 1934, making the Grayscale Bitcoin Trust the first cryptocurrency investment vehicle to become a reporting company. The trust now has to publicly file its quarterly and annual reports as 10-Qs and 10-Ks with the SEC and publish updates on unscheduled material events and corporate changes.”
“The platform will enable institutional investors to use crypto services such as liquidity pools, a regulated fiat channel and over-the-counter (OTC) trading via its smart order routing system and trading algorithm. Huobi plans to roll out custodian services, and interest rate and alpha products in the second quarter of this year.
One of the core value propositions of Huobi Brokerage is that it provides clients with best-price execution on large block orders.”
“A sly change to its whitepaper means Binance no longer reveals how much profit it makes each quarter.
The whitepaper now says, ‘Every quarter, we will destroy BNB based on the trading volume on our crypto-to-crypto platform until we destroy 50% of all the BNB.’ Whether they are burning 20% or 80%, the short answer is: We don’t know.”
“It’s the first successful live deployment on the Ethereum mainnet of something called a “scalable Harberger tax contract,” and it might just help save at-risk animals. The project unites user incentives related to patronage, collectibles, and profit.
‘Wildcards is a platform that represents endangered animals as non-fungible tokens.’ Organizations doing relief work for the recent Australian wildfires might list tokenized koalas for sale, for example.
Animal tokens on Wildcards are always for sale. As you buy, you have to immediately set a selling price for someone to buy that token from you. But you pay a percentage of that designated selling price, called a harberger tax, in order to prevent you from setting that price to $5 million.“
“It is developing two devices, named Turpial and Harpia, that would allow anyone to connect to the Bitcoin blockchain using long-range radio waves. Their application is not limited to BTC — any other blockchain like Monero could be integrated, or even messaging and file transfer systems like IPFS.
We are making something for the situations where you don’t have Internet at all, either due to lack of infrastructure, targeted censorship or in case you want to be completed anonymous.”
“The project will enable the local government and other stakeholders to manage the reserve fund for social aid on the blockchain. The city aims to launch a prototype within six months and go live within a year. Konya hopes to be a global model for local governments.
The cryptocurrency we are currently developing will be used in social aid programs, municipal corporations’ activities, public transport, and environmental services. This blockchain-based local ecosystem will serve the Konya citizens. The project will also see the development of a payment system to enable crypto in many municipal services.”
“The Canadian government has awarded enterprise blockchain startup Mavennet a procurement contract for the development of an on-chain steel-tracking platform.
The goal, as set out by ISED, is for Mavennet to build a blockchain proof-of-concept prototype that can track and share real-time data across the supply chain in the Canadian steel industry.”