CBDC
The prospect of a retail CBDC has some major banks anxious over their revenue streams.
The Palau Stablecoin, or “Kluk,” will be minted on XRP Ledger using the Ripple CBDC Platform and will be distributed first to government employees.
The state seeks someone with connections and expertise in the blockchain industry, promising a $150,000 annual salary.
The new law describes a legal framework for a central bank digital token
While FedNow is currently not tied to any initiative for a digital U.S. dollar or the crypto space in general, experts warn that the system might end up as a precursor to the infrastructure for a central bank digital currency.
Banque de France said it ran multiple experiments to test central bank digital currencies for wholesale payments, issued "directly on" distributed ledger technology.
Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.
The U.S. presidential candidate in March signed a bill as Florida’s governor to prohibit the use of CBDC’s within his state.
Officials want a digital payment system available to “everyone, everywhere, for free.”
The European Central Bank wants to see innovative interventions in financial markets – but under existing rules.
- 05:07Elizabeth Warren calls for delay in stablecoin bill review, citing ties to TrumpAccording to a report by Crypto News, as reported by Jinse Finance, U.S. Senator Elizabeth Warren has requested a delay in the review of the stablecoin bill. Warren stated that the bill has potential ties to President Trump and requires further examination.
- 05:07A whale with a 1x long position on GRIFFAIN has an unrealized loss of $550,000, previously the loss was nearly $1 millionAccording to Odaily Planet Daily, monitored by OnchainDataNerd, a certain whale wallet opened a long position on GRIFFAIN at a price of $0.249.Although the leverage is only 1x, this whale has currently lost about $550,000 (when the price reached $0.026, the maximum loss was close to $1 million). The current price of GRIFFAIN is temporarily reported at $0.059.
- 05:06Overview of Important Developments on May 5th at Noon7:00-12:00 Keywords: Hacker, Solana, South Korea 1. Economist Peter Schiff: Bitcoin is not digital gold; 2. Israeli trading platform eToro may launch a US IPO as early as this week; 3. Hacker breaches New York Post's X account, sends scam DMs to cryptocurrency users; 4. Solana fixes zero-day vulnerability that could have led to unlimited token issuance or theft; 5. South Korean ruling party presidential candidate Kim Moon-soo: Hopes to allow the national pension fund to invest in Bitcoin; 6. South Korean Financial Services Commission: Non-profit organizations and exchanges can sell virtual assets under specific rules starting in June.