January 24

The toolkit is the WEF’s attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design. The WEF’s framework divides CBDCs into three categories: retail, wholesale and hybrid.

Risks, including: 1) bank disintermediation risk, which could reduce bank profits and lending activity; 2) digital‐bank‐run risk as depositors may rapidly convert commercial bank deposits to CBDC.

Transaction approval could follow a pre‐specified consensus process determined by the central bank, which could include privileges for the central bank such as transaction ‘veto’ powers or visibility. It is also possible to develop a DLT system in which the central bank remains the only validating node.”

See Also: BIS: No Evidence of Mass Transition From CBDC Research to Pilots and Experiments
See Also: Hawaiian Bill Would Let Banks Act as Crypto Custodians

‘Tether Says’…🙄

Tether Gold ‘represents ownership of one troy fine ounce of physical gold on a specific gold bar.’ The new stablecoins, with the XAU₮ ticker, will be issued on ethereum and tron as ERC-20 and TRC20 tokens.

Tether Gold is launching in response to the growing demand for a digital asset that provides exposure to the world’s most enduring asset and a geopolitical need for an alternative financial system.

Tether will charge no custody fees and ‘has direct control over the physical gold storage.‘”

See Also: Pornhub Now Lets Models Get Paid With the Tether Stablecoin

“Jiang Zhuoer, CEO of mining pool BTC.TOP, said that a group of some of the largest bitcoin cash mining pools were preparing to soft fork the network to implement a “short-term donation plan” that would cut block rewards by 12.5 percent in order to fund network development.

Signed by Jihan Wu of Antpool/BTC.com, Roger Ver from Bitcoin.com and ViaBTC’s Haipo Yang, Zhuoer’s post argues there are “significant problems” with the current funding mechanism. A report by crypto investment firm Electric Capital found bitcoin cash lost more than 30 percent of its developers between December 2018 and June 2019, the largest drop of any major blockchain network.

Zhuoer’s post says BCH blocks that don’t follow the soft fork “will be orphaned,” meaning they won’t be accepted by the five mining pools and risk not receiving any block reward whatsoever. Funds will also be directed into an unnamed “Hong Kong corporation” that will coordinate and pay for network development.”

See Also: How Bitcoin Cash mining tax will affect Bitcoin halving

“Chairman of Security and Exchange Board of India(SEBI) said that applications of blockchain, artificial intelligence and machine learning have the potential to bring a paradigm shift in the securities markets landscape.

Blockchain could be used in clearing, settlement and record-keeping given its benefits in maintaining records in distributed ledgers, while still being a single source of truth. There is a need for active research into these technologies to explore their best possible usage in securities markets.”

“Gemini has finished a SOC 2 Type 2 evaluation, proving the operation’s security. The SOC 2 Type 2 exam includes Gemini’s trading and investing platform, as well as its custody services.

The Type 2 is the highest level of security compliance that any organization can demonstrate. We’re the only crypto exchange and custodian to demonstrate this level of security compliance.”

“The fund provides exposure to a global real estate portfolio through AARGO security tokens – built on the ethereum blockchain – with each token representing one share in the fund.

Being on the ERC-20 token standard means the company can readily integrate with a “growing decentralized finance (DeFi) ecosystem.”

“Digital asset storage provider Ledger is partnering with FLETA, a South Korea-based blockchain platform, for decentralized applications (dapps) to provide custodian services compliant with local laws.

Ledger does not just offer the security of storing crypto, it also allows financial institutions to build customized governance rules. We are helping crypto companies, such as exchanges, funds and custodians, to basically abide by the regulations when it comes to wallet management.”

  • “This market is primarily used by investors who view bitcoin as an alternative store of value from traditional currency, and can be thought of as a barometer for buy-and-hold sentiment.  
  • Institutional participation in cryptocurrencies may be lagging due to persisting imbalances in the underlying liquidity of these assets across various exchanges.
  • One of the breakout successes of 2019 was decentralized finance (DeFi) applications. User traction on ethereum continued to climb even when market price for ETH started to decline.