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Latest Results from /crypto

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Wholesale, not retail, CBDCs more likely to be issued in near-term - BIS

There has been a sharp uptick in experiments and pilots with wholesale central bank digital currencies over the last year, according to the Bank for International Settlements.

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EBAday 2024: Challenges and benefits of CBDCs

What is the future of CBDCs in Europe and what do experts expect from stablecoin adoption? These questions were answered at EBAday 2024 in Lisbon where leaders in digital currencies examined what the future holds for digital assets.

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EBAday 2024: Turning European dialogue into solutions for the new payments era

Wolfgang Ehrmann, chairman of the board at Euro Banking Association (EBA) kicked off the first day of the 19th EBAday with a speech welcoming all delegates.

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EBAday 2024: Tokenisation and digital identity will lead banking evolution

At EBAday 2024 in Lisbon, after a buzzing morning of introductions and a keynote to set up the themes for the rest of the conference, David Birch presented a challenge speech titled ‘Digital Money, Digital Assets, Digital Identity: The Future of Banking’.

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Boerse Stuttgart Digital hires Solaris tech lead as CTO

The digital assets arm of Boerse Stuttgart has hired Solaris tech chief Dennis Winter as CTO.

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US judge green lights Terraform's $4.5bn SEC settlement

Terraform Labs and its former CEO Do Kwon have reached a $4.5 billion settlement with the SEC after a jury verdict held them liable for orchestrating a years-long fraud involving crypto asset securities that led to massive investor losses when the scheme unravelled.

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Digital pound would not require new POS systems - BofE

Existing point-of-sale terminals in the UK could be used to initiate digital pound payments, according to research from the Bank of England.

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Paxos lays off 20% of staff

Digital assets outfit Paxos has laid off 20% of its staff, according to a Bloomberg report.

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Robinhood to buy crypto firm Bitstamp for $200m

Trading app Robinhood has agreed a $200 million cash deal to buy crypto exchange Bitstamp in an effort to expand outside of the US and accelerate its push into digital assets.

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Bank-backed DLT-based CBDC platform Project MBridge reaches MVP stage

The Bank for International Settlements says it multi-central bank CBDC platform, Project mBrige, is ready to accept value added products and new use cases as it reaches minimum viable product stage (MVP).

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Visa looks to generative AI to enhance tokenisation

At Money 20/20 Europe, Mehret Habteab, senior VP of product and solutions at Visa Europe, announced the company generated $40 billion in incremental e-commerce revenue globally, after issuing over 10 billion tokens since their launch in 2014.

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Central banks to test FX settlement in wCBDC

The Bank for International Settlements (BIS) is launching Project Rialto to explore how instant cross-border payments could be improved using a modular foreign exchange component combined with settlement in wholesale central bank digital currencies (wCBDC).