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The Riksbank has started the work of developing solutions for a possible future e-krona and is now procuring a supplier for support in this work. The procurement process will run over the summer and autumn of 2019, after which development work will start together with the procured supplier. In 2020, a technical platform for e-krona payments, as well as a small number of different forms of means of payment for the e-krona, will be developed and tested.
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Facebook has begun talks with the top US derivatives regulator over its plans for a digital currency, in a sign of how the world’s largest social media platform is laying the groundwork for an ambitious push in to payments.
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Thirteen of the world’s biggest banks are preparing to launch digital versions of major global currencies in 2020 after years of research convinced them that the technology underpinning cryptocurrencies could be used to make trading less risky and cheaper.
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The founding shareholders of Fnality comprise: Banco Santander, BNY Mellon, Barclays, CIBC, Commerzbank, Credit Suisse, ING, KBC Group, Lloyds Banking Group, MUFG Bank, Nasdaq, Sumitomo Mitsui Banking Corporation, State Street Corporation, and UBS. Clearmatics continues in its role as the technology partner to Fnality.
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Hester Pierce, aka the US SEC’s “CryptoMom”, has called on fellow supervisors to abandon their cautious approach to approving controversial new exchange traded funds (ETFs) and allow innovation to flourish.
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US Crypto exchanges that plan to attain the status of alternative trading systems via becoming, partnering with, or purchasing broker-dealers could have to forgo their digital custody business due to the Securities Investor Protection Act.
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Hackers have breached over 50,000 servers across the world to mine cryptocurrency using unusually sophisticated tools, according to Guardicore Labs. The large-scale “Nansh0u campaign” malware effort has been ongoing since February, mostly targeting firms in the healthcare, telecoms, media and IT sectors.
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2019 looks to be the year of the stablecoin. Since the beginning of 2017, 122 stablecoin projects have been announced but are still in development. We took a look at the projects with a stablecoin that have received the most outside funding.
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Blockchain and crypto projects have raised $2.65B during May 2019. ~$1.2B, was raised through Initial Exchange Offerings.
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SIM swapping, also known as SIM jacking, is a type of ATO (account take over) attack during which a malicious threat actor uses various techniques (usually social engineering) to transfers a victim’s phone number to their own SIM card.
