The testing, which took place over three days at the start of December 2021, proved that issuing a wholesale CBDC on a DLT platform operated and owned by a private-sector company (Swiss stock exchange owner SIX, in this case) was both operationally possible and feasible under Swiss law, according to a press release. Source link … [Read more...] about BIS, Swiss National Bank, SIX Exchange Complete Wholesale CBDC Trial
Trial
Meta’s WhatsApp to Trial Novi Digital Wallet
The social media giant formerly known as Facebook has faced an immense regulatory backlash for its digital currency plans, resulting in it rebranding and downscaling its original stablecoin vision from Libra to Diem. It also rebranded its digital wallet subsidiary from Calibra to Novi. Source link … [Read more...] about Meta’s WhatsApp to Trial Novi Digital Wallet
Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
On Wednesday, the Banque de France (BdF), the BIS Innovation Hub (BISIH), and the Swiss National Bank (SNB) announced the success of a pilot run of a wholesale central bank digital currency (wCBDC), titled Project Jura. The project aimed to investigate cross‑border settlement with euro and Swiss franc wCBDCs, and launched on a third‑party distributed ledger technology … [Read more...] about Central Banks of France and Switzerland announce successful trial of digital Euro, Swiss Franc
Man who claims to have invented Bitcoin wins U.S. trial, gets to keep Bitcoin worth $50B
Craig Wright, an Australian computer scientist who gained mainstream exposure by claiming to have invented Bitcoin has just won a major court case that allows him to keep BTC worth $50 billion.The jurors of Miami have ruled in favor of Wright, saving him from paying his former business partner half of the Bitcoin stash over assertions involving Wright betraying his deceased … [Read more...] about Man who claims to have invented Bitcoin wins U.S. trial, gets to keep Bitcoin worth $50B
Jury Deliberations Begin in Kleiman v. Wright Trial
W&K Info Defense Research LLC, a business which was incorporated by Dave Kleiman in Florida in 2011, is also a plaintiff in the case. This entity is one vehicle through which Wright and Dave allegedly mined hundreds of thousands of bitcoins and created valuable blockchain intellectual property (i.e., software, etc). W&K – which now lists Ira as its manager – accuses … [Read more...] about Jury Deliberations Begin in Kleiman v. Wright Trial