Ethiopia takes first step toward CBDC in economic reform
The country plans to have a legal framework and regulatory sandbox in place for CBDC introduction “as necessary.”
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The government-linked wallet has been steadily selling its holdings, threatening to create continued Bitcoin selling pressure.
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U.S. Trustee: FTX was the ‘fastest’ corporate failure in American history, calls for probe
The United States Trustee handling FTX’s bankruptcy proceedings has referred to the now-defunct exchange as the "fastest big corporate failure in American history," and is calling for an independent probe to look into its downfall. In a Dec. 1 motion, U.S. Trustee Andrew Vara noted that over the course of eight days in November, debtors "suffered a…
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Consulting Company Accenture Deploys DLT Platform for Software License Management
Global management consultancy firm Accenture has deployed a distributed ledger (DLT) platform created to manage and track software licenses, a press release reveals Monday, Nov. 12.To develop the solution for software management, Accenture has partnered with Digital Assets, a U.S.-based company providing DLT products for financial institutions. The new app uses Digital Assets’ smart contract…
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US Senate confirms Philip Jefferson as Federal Reserve vice chair
Philip Jefferson, who has been serving as a Fed governor since 2022, will take on the No. 2 role under chair Jerome Powell at the central bank until 2036. 220 Total views 2 Total shares Federal Reserve governor Philip Jefferson has won confirmation from a majority of members of the United States Senate, placing him
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ERC-20 inventor discusses origins, new blockchains, BRC-20 and more
In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the novel idea. Little did he know that ERC-20 would ignite a wave of initial coin offerings (ICOs) shortly after its…
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