SWIFT completes CBDC connector second trials
Participated by 38 institutions, results of the second trial of SWIFT's CBDC connector have been released, a project enabling CBDC systems to communicate via messaging.
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UK Treasury explores token’s role in ‘on chain’ investment market in new report
Building on its previous report, the Technology Working Group's latest paper shines light on the potential of innovative technologies in the U.K.'s asset management industry.
Use case expansion could propel AI to $1 trillion industry by 2030: report
As more industries unravel and develop artificial intelligence use cases, the AI industry is projected to grow to as high as $1 trillion by the end of 2030; however, concerns over the technology remain.
FTX founder Sam Bankman-Fried sentenced to 25 years in prison
Sam Bankman-Fried has been sentenced to 25 years in prison for the criminal fraud that led to the downfall of his FTX exchange and the theft of billions of dollars from his former customers.
Tokenization, CBDCs poised to increase Hong Kong’s GDP by $20.4 billion: study
Experts forecast that Hong Kong could add $20.5 billion to its economy by 2032 as it ramps up CBDC and tokenization initiatives, while the growth of the Web3 sector is also seen as a contributor.
Digital asset ETNs to launch on the London Stock Exchange on May 28
Following the Financial Conduct Authority’s approval two weeks ago, the LSE has revealed it will accept applications from issuers starting April 8, with the launch scheduled for May 28.
UAE CBDC strategy targets retail, wholesale applications
Projected to run for 12 to 15 months, the UAE's Phase 1 CBDC strategy will include the limited launch of the digital dirham and the completion of a previous project with India.
Calvin Ayre: I invest in ideas and BSV is the best idea out there
There are certain misconceptions making the rounds following Calvin Ayre’s recent decision to distance himself from the toxic soup that is social media.
Japanese leasing firm trials real estate tokenization
SMFL's pilot offering will use Vertalo and integrate asset tracking platform AssetForce in an attempt to revolutionize Japan's real estate sector as asset tokenization gathers steam.
Hong Kong leverages blockchain in digitizing shipping sector, powering up CBDC trial
GSBN, with help from Ant Group, is modernizing the shipping industry through eBL, a blockchain-powered prototype that tokenizes goods and could propel Hong Kong's CBDC to greater heights.
Johan Cruyff Institute & Zetly webinar series: Introduction to Web3 and Blockchain basics
Zetly, in partnership with Johan Cruyff Institute and BSV blockchain, set up a webinar to give participants an overview of the evolving technological landscape and background on Web3 and blockchain.
Block Dojo Philippines Cohort 1 showcases business pitches
Three Block Dojo PH founders demonstrated the limitless possibilities with blockchain, showcasing their proposed MVPs tackling recurring issues in the Philippine landscape.
Interbank pilot from Goldman, Visa, and others proves blockchain utility
As the world slowly realizes that most "cryptocurrencies" have no value, the shift will focus on how immutable ledgers such as the BSV blockchain can revolutionize areas like finance and banking.
Saudi Arabia mulls $40 billion AI investment fund to diversify its oil-based economy
Saudi Arabia's Public Investment Fund has opened high-profile talks with U.S.-based venture capital firm Andreessen Horowitz to establish an AI-focused fund, The New York Times reported.
China working on CBDC guide to make digital yuan more accessible to foreign users
The People’s Bank of China—the country's central bank—and its Digital Currency Research Institute have published a guide for foreign tourists seeking to use its central bank digital currency.
EU opens probe against Alphabet, Apple, Meta over Digital Markets Act non-compliance
The various investigations by the European Union are to be concluded within 12 months, after which the Commission will inform the companies of its findings and explain the measures it is considering taking.
German regulator BaFin calls for responsible AI use and regulation that avoids unnecessary bureaucracy
Bafin's Director, Dr. Thorsten Pötzsch, has highlighted the need for practical EU regulation and also called for companies to "manage their risks from cyber-attacks" and "handle data and AI responsibly."
Universal Digital Payments Network opens digital currency sandbox
Developed by Red Date Technology, UDPN aims to support interoperability between digital currencies, tokenized deposits, CBDCs, and stablecoins.
Oracle adds new generative AI functionality for cloud application users
Software firm Oracle has confirmed that the new AI capabilities will be native to the Oracle Fusion Cloud Applications Suite.
Israel completes blockchain-based bond tokenization pilot
The Israeli Ministry of Finance recently published a report on Project Eden, which listed efficiency, transparency, and enhanced security as benefits of blockchain.