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Proof-of-stake blockchain NEM (XEM) is preparing for a token migration in December alongside the public launch of the Symbol (XYM) blockchain.Speaking to Cryptox, NEM Group CIO and NEM Ventures managing director, Dave Hodgson, revealed that Symbol will host at least two products at launch.Symbol will host the Wave Financial Whiskey
Read MoreCanada's central bank, the Bank of Canada, recently put out a report on the risks and benefits of a central bank digital currency. "An anonymous token-based central bank digital currency (CBDC) would pose particular security risks," the Bank of Canada wrote in its Oct. 5 report. "These risks arise from how balances are aggregated
Read MoreThe European Central Bank has warned the global community about the risks of so-called “stablecoin runs.”Analogous to the term “bank runs” in the traditional financial system, stablecoin runs could occur if end users lose confidence in the issuer or its network, the ECB wrote in a Sept. 22 report. In traditional
Read MoreThe Bahamas is gunning to become the first country in the world to roll-out a state-backed virtual currency nationwide, and has announced it will launch a central bank-issued cryptocurrency during October.The assistant manager of eSolutions at the Central Bank of The Bahamas, Chaozhen Chen, told Bloomberg that the digital currency,
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