Blockchain Bites: G20’s CBDC Rules, Ethereum 2.0’s Tests, Blockchain’s $1.7T ...

Blockchain Bites: G20’s CBDC Rules, Ethereum 2.0’s Tests, Blockchain’s $1.7T ...

PricewaterhouseCoopers thinks blockchain will add $1.7 trillion to the global economy while the G20 mulls CBDCs.


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Swiss National Bank Trials CBDC in Transactions With Five Banks

The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out together with the Bank for International Settlements and Switzerland’s financial services provider SIX. Swiss Central Bank Tests Integration of Wholesale CBDC Settlement With Private Banks A wide-range of transactions involving a wholesale central bank digital currency (CBDC) have been processed during the second phase of Project Helvetia, the Swiss National Bank (SNB)....

Bank of Korea selects Kakao’s blockchain arm for digital won tests

ConsenSys, a major Ethereum software company, will contribute its technology to South Korean CBDC simulations led by Ground X. 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 Tuesday.The central bank announced that Ground X will participate in the South Korean....

Blockchain Bites: $10B in Bitcoin Futures, Price Wobbles and Liquidations

A correction in bitcoin's price (from all-time highs) led to $1 billion in liquidated options positions. Ukraine announced a Stellar-based CBDC experiment and a much-awaited Ethereum layer 2 set a tentative launch date.

Blockchain Bites: Bitcoin Miners’ Slim Margins, ConsenSys’ Latest CBDC Pilot,...

JPMorgan unveiled a revamped blockchain network that could challenge SWIFT while BlockFi has taken a 5% stake in Grayscale's GBTC.