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The second phase of the CBDC pilot would test real-world functionalities such as cross-border remittance, retail payments and offline payments. The bank stated:

“We will confirm the possibility of operating various functions, such as offline settlements, and the application of new technologies, such as one intended to strengthen privacy protection during the second phase of the test.”

Bank of Korea (BOK) is also looking to onboard financial institutions for the second phase, quite similar to what China is currently doing with its digital yuan. However, unlike China, BOK-issued digital currency would also focus on user privacy.

The world’s richest men have lost billions of dollars in the past week, as cryptocurrency markets and tech stocks plummet. #9News

The richest men in the world have lost billions of dollars in the past week as cryptocurrency markets and technology stocks plummet.

According to the Bloomberg Billionaires Index, in the last 24 hours Elon Musk lost US$12.5 billion ($17.41 billion), Jeff Bezos lost US$9.17 billion ($12.78 billion) and Facebook – now Meta – CEO Mark Zuckerberg lost US$4.86 billion ($6.77 billion).

Continue reading “World’s richest men lose billions as cryptocurrency, tech stocks tank” »

Some people are accusing Ethereum co-founder Vitalik Buterin and other rich tech guys, such as Elon Musk, to be building “The Matrix” for suggesting artificial wombs could ease the pregnancy on women.

A new “crypto winter” could be around the corner after a huge crypto price crash has wiped $1.5 trillion from the combined cryptocurrency market —hitting bitcoin, ethereum, BNB, solana, cardano and XRP hard.

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The bitcoin price has this week fallen to levels not seen since July last year, losing 20% over the last week and dropping to half its all-time high of almost $70,000. Other top ten cryptocurrencies ethereum, BNB, solana, cardano and XRP have all lost between 20% and 30% from their price this past week (with Wall Street giant JPMorgan issuing a stark ethereum price warning).

Another major player in the cryptocurrency world is forecasting a dismal year for Bitcoin (BTC) in 2022. Following the United States Federal Reserve’s and other central banks’ tightening of liquidity measures, Huobi Research believes that BTC will enter a bear market. On the brighter side, decentralized finance (DeFi) will continue to expand and adapt, with decentralized autonomous organization (DAO) governance eventually becoming a major driver of activity on the chain.

Following the Federal Reserve’s and other central banks’ tightening of liquidity measures, Huobi Research believes that Bitcoin will enter a bear market.

Bitcoin dipped more than 12% on Friday to below $36,000.

Bitcoin has surged past $65,000 to achieve a record-high price! This trend may continue in the wake of becoming the first cryptocurrency on the NYSE.

The Federal Reserve took its first step toward more seriously examining issuing a central bank digital currency, releasing a report on Thursday that examines the idea’s potential costs and benefits and opening the door for public comment.

In a long-awaited report, the Fed avoided taking sides and set out a list of arguments for and against a digital currency, and posed questions that will shape the debate.

“We look forward to engaging with the public, elected representatives and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Jerome H. Powell, the Fed chair, said in a statement. Mr. Powell had previewed that a report would be forthcoming in May 2021.

Good telescope that I’ve used to learn the basics: https://amzn.to/35r1jAk.
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Hello and welcome! My name is Anton and in this video, we will talk about the smallest antenna ever made — built from DNA
Links:
https://nouvelles.umontreal.ca/en/article/2022/01/10/chemist…t-antenna/
https://www.nature.com/articles/s41592-021-01355-5

Continue reading “Scientists Create Smallest Antenna Ever Out of DNA, But What For?” »

Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy sovereignty.

The move is the latest in a global cryptocurrency crackdown as governments from Asia to the United States worry that privately operated and highly volatile digital currencies could undermine their control of financial and monetary systems.

Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment.