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The importance of remuneration in the design of a central bank digital currency (CBDC) was emphasized in a paper released by the United States Federal Reserve Board on Nov. 17. The paper, part of the Fed’s Finance and Economics Discussion Series, reviews the theoretical literature on CBDCs in large, developed economies,
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According to Yi Gang, governor of China’s central bank, the process of designing the country’s digital currency is premised on two principles, the protection of user privacy as well as ensuring “financial security.” To achieve this, the central bank’s role will be limited to managing the digital currency’s “operating system”
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And then will come the final challenge for the digital euro: whether people actually use it in daily life. Even without using cash, European shoppers have a range of options available to them – they can pay via contactless cards, mobile wallets and QR-code scans – and, Witlox said, the
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Nearly everyone would agree that digital assets like cryptocurrencies and NFTs are here to stay, and so is the underlying technology behind
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The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to
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As directed by the President of the United States, Joe Biden, the Office of Science and Technology Policy (OSTP) submitted a report analyzing the design choices for 18 central bank digital currency (CBDC) systems for possible implementation in the US.The technical analysis of the 18 CBDC design choices was made
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Technical insurance directly targets the potential of smart contract failures or attacks. Smart contract exploits are the best known form of technical risk in DeFi protocols. Nomad, Wormhole, Cream, Ronin, Badger DAO, Horizon bridge and Beanstalk have been some of the notable DeFi exploits of the last few months. These
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On Thursday, Dutch blockchain startup Triall announced that it has partnered with American nonprofit medical center Mayo Clinic to optimize clinical trial design and the management of study data. Starting this September, Triall's eClinical platform will support a two-year multi-center pulmonary arterial hypertension clinical trial that includes 10 research sites
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What is the gas fee? In the blockchain world, the gas fee is a fee that users have to pay to the blockchain network for each transaction. For example, when a user makes a transfer on Ethereum, miners must package his transaction and put it on the blockchain to complete
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