The financial world faces potential upheaval as Saudi Arabia ends its 50-year petrodollar deal with the US. Instead, Saudi Arabia's central bank has joined BIS’s CBDC Project mBridge. As power becomes more equitably distributed globally, is the US facing an imminent economic downfall?
CatherineArtificial Intelligence, Google, Gemini, Google strikes back: Project Astra confronts GPT-4o Veo versus Sora Golden Finance, this is Google's response to OpenAI.
JinseFinanceBIS introduces 2024 initiatives, notably Project Promissa for tokenizing promissory notes and Project Aurum focusing on retail CBDC privacy. While promising, the shift to digital financial instruments poses challenges, shaping the future financial landscape.
BerniceOther partners include the Bank of Korea, Bank Negara Malaysia, and the Reserve Bank of Australia
AlexThe study shows that the number of central banks actively exploring CBDCs has grown from 90% in 2021 to 93% in 2022.
Coinlive It argues that cryptocurrencies feature many of the risks of TradFi, but while similar, the risks tend to be exaggerated.
OthersA fresh report from the Bank for International Settlements comes to a radical conclusion, claiming that the public identities of intermediaries are necessary to fight “miner extractable value.”
CointelegraphSome regulators have recently expressed concern over the alleged lack of consistent and transparent crypto market data.
CointelegraphThis experimental CBDC platform demonstrates the effectiveness of the design approach used to address three main issues: access, jurisdictional boundaries, and governance.
Cointelegraph“Globally, more than two-thirds of central banks believe it is possible for them to issue a retail CBDC in the short or medium term,” the BIS said.
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