Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system. The Swiss National Bank (SNB), the country's central bank, completed the second phase of Project Helvetia with its partners by integrating wholesale CBDC into the existing back-office systems and processes of five banks, namely Citi, … [Read more...] about Swiss central bank tests wholesale CBDC with commercial partners
Tests
After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance
“There are fundamental decisions here: Should there be restitution, step one. Step two, should it be immediate or over time? If immediate, what percentage? And if it’s over time, via what mechanic? Governance tokens, maybe a vault-type product that pays back over time versus interest generated … there’s a lot of options,” said Spadafora. Source link … [Read more...] about After $130M Hack, Badger’s Restitution Plan Tests Limits of DAO Governance
Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support: Experts
Bitcoin fell below $60,000 during mid-European hours, before press time, extending early weakness. Analysts said a pullback was expected and has normalized the elevated funding rates or costs associated with holding long positions in the perpetual futures market. Source link … [Read more...] about Bitcoin Below $60K in a ‘Funding Reset’ Move, Tests Key Support: Experts
Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support
Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin's move to a new all-time high and the ensuing consolidation that tends to occur after (BTC) pulls back to retest underlying support levels.As is often the case when Bitcoin has pullbacks during a bull market, some of the outflows find their way into the altcoin market and the chart below shows this … [Read more...] about Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support
Bank of Korea selects Kakao’s blockchain arm for digital won tests
The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots.Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng Daily reported … [Read more...] about Bank of Korea selects Kakao’s blockchain arm for digital won tests