As the adoption of digital assets is becoming more mainstream, some countries are awakening to join the flow. This has borne the desire to get a central bank digital currency, CBDC, by some countries. One of such countries is France. For some months, the Central Bank of France has explored a central bank digital currency…
Azerbaijan is joining the list of governments adopting distributed ledger technology to promote efficiencies. Osman Gunduz, Chair of the Azerbaijani Internet Forum (AMF), announced the country will start using blockchain on the information systems and registries of the Ministry of Justice. Azerbaijan Government Eyes Blockchain Application on Notaries, Courts, Penitentiaries, NGOs, Registries The Azerbaijani Internet Forum is…
A report on central bank digital currencies has found that 61% of institutions don’t think a blockchain is necessary due to low efficiency gains during trials. IBM Survey Finds That Central Banks Won’t Be Introducing CBDCs in Near-Term The report was conducted by IBM and the Official Monetary and Financial Institutions Forum (OMFIF). The survey,…
As quantum computing continues to evolve, questions about its potential impact on Bitcoin are gaining renewed attention. At the center of the debate is whether the world’s largest cryptocurrency could one day be vulnerable to the immense processing power of quantum machines. While the technology is still in its early stages, the discussion around long-term…
Post-trade market infrastructure giant DTCC has initiated the testing phase to re-platform its credit derivatives on distributed ledger technology (DLT) and cloud. The trial will include the participation of 15 of the world’s largest global banks, which will conduct structured user acceptance tests to validate the interaction between systems, firms and other market infrastructure providers.…
SC Johnson, a U.S.-based manufacturer of household cleaning supplies, has partnered with Plastic Bank to help increase recycling rates and tackle poverty in Indonesia. The non-profit uses a cryptocurrency token system to pay people for handing over recyclable plastic in order to address the global crisis of ocean plastic. Plastic Bank Fights Pollution and Poverty with…
Stellar’s XLM surged 17% on Friday as the overall cryptocurrency markets posted gains, led by XRP, which was up 55% on a 24-hour trading period at the time of writing. The price rise of Stellar comes as the cryptocurrency is seeing increased adoption, specifically through IBM’s new cross-border settlement system – World Wire. On Friday,…
IBM Digital Asset Haven can now connect financial institutions to Swift’s blockchain-based shared ledger through a beta integration. Banks can instruct tokenized-deposit transactions using existing ISO 20022 payment messages. Swift’s ledger is already being tested by 17 first-mover institutions, while IBM is also adding an on-premises version of Digital Asset Haven. **ID:** N25-05 **Site:** NewsBTC…