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A CBDC Alternative to SWIFT?
7.11.2023
Sam Bankman-Fried Trial: Recap, Legal Analysis, and What’s to Come
3.11.2023
The landmark fraud trial against Sam Bankman-Fried came to a swift end Thursday night as the jury found him guilty on all counts after mere hours of deliberation. Bankman-Fried’s parents broke down as the jury revealed their decision, while the defendant stood motionless facing the jury....
Deutsche Bank and Standard Chartered Venture into SWIFT Alternative for CBDCs
27.10.2023
Deutsche Bank and Standard Chartered’s venture arm SC Ventures are exploring a solution that aims to enable seamless communication between blockchain-based transactions, stablecoins, and central bank digital currencies (CBDCs). The two banks are actively testing the concept using...
First Mover Americas: Deutsche Bank Trials a SWIFT Alternative for Stablecoins
26.10.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 25, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Deutsche Bank and Standard Chartered Ventures Test SWIFT Killer for Stablecoins and CBDCs
26.10.2023
The UDPN currently comprises about 25 organizations, including banks from the U.S, Australia, Latin America and Europe, running around ten proof-of-concept tests in parallel
A SWIFT Shakeup: Yuan Dethrones Euro as Runner-Up in Trade Finance Markets
20.10.2023
The latest report published by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) has revealed that the Chinese yuan overtook the euro as the second most used currency in trade finance markets. However, the dollar is still comfortably in first place, with more than an...
G20 Calls for ‘Swift and Coordinated Implementation’ of IMF Crypto Roadmap
15.10.2023
The G20 finance ministers and central bank governors have adopted the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). “We call for swift and coordinated implementation of the G20 Roadmap,” the finance chiefs announced...
BitPay Enables Cryptocurrency Payments for Taylor Swift's Movie Premiere
14.10.2023
Taylor Swift fans who are also crypto enthusiasts can now purchase tickets for the highly anticipated film "Taylor Swift: The Eras Tour" using various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).
The movie, which hits theaters worldwide today...
Russia Could Use Digital Ruble to Evade SWIFT, Wants Foreign Banks to Use its CBDC
12.10.2023
Russia’s Central Bank thinks its digital ruble could let citizens pay abroad without making use of the SWIFT banking platform – and wants to let foreign banks use its CBDC.
Per the Russian IT-focused media outlet CNews, the Central Bank has drafted a bill that, if passed, would allow foreign banks...
Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?
11.10.2023
LINK outperformed most cryptocurrencies in September, but the recent correction raises questions on the sustainability of the bullish momentum
Russian Banker States SWIFT ‘Needs to Be Killed’
3.10.2023
Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and...
Swift Collaborates with Three Central Banks to Pilot CBDC Interoperability
15.9.2023
Swift has partnered with three central banks to conduct beta testing of its central bank digital currency (CBDC) connector solution in an effort to advance cross-border payments using CBDCs.
In a recent press release, the global financial messaging network said that the Hong Kong Monetary...
SWIFT CBDC Interlinking Solution Enters Beta Testing
15.9.2023
The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a global provider of financial payment services, has announced that its central bank digital currency (CBDC) connector has entered beta testing stages. SWIFT reported that three central banks are already testing this...
Swift takes forward its CBDC innovation
14.9.2023
Swift has announced that it is starting the second phase of its CBDC innovation. The goal is to drive the interoperability aspect of CBDC by having participants get their hands on the innovation in the most real-world environment. Making this interesting is the fact that the second phase is...
SWIFT enrolls 3 central banks in CBDC interoperability beta test, expands sandbox
13.9.2023
The bank messaging network has seen a dramatic increase in processing speed and is developing technology to connect CBDCs
G20 Leaders Decide on Swift Implementation of Crypto Asset Reporting Framework
11.9.2023
G20 leaders have called to swiftly implement the Crypto Asset Reporting Framework (CARF) while endorsing synthesis paper proposed by IMF and FSB.
The G20 summit held over the weekend under the presidency of India saw a consensus among member nations to adopt a global framework to regulate...
The Protocol: Ethereum Learns of Potential Defector as ‘Supreme Court’ Mooted
6.9.2023
What is a blockchain “sequencer?” Here’s why you need to know
Bitcoin risks 'swift' $23K dive after BTC price loses 11% in August
1.9.2023
BTC price performance disappoints bulls as Bitcoin comes full circle to finish a grim August for bulls
Swift unleashes the power of tokenization
1.9.2023
Swift is carrying out multiple experiments to unravel the sheer power of tokenization. The exposure is on the framework that is able to effortlessly initiate the shifting of tokenized value throughout various public and private blockchains. The experimentation will help to do away with...
Bank Messaging Firm SWIFT Leans Toward Blockchain Integration Over Unifying Tokenization After Experiments – Here's the Latest
31.8.2023
Bank messaging network SWIFT has said that blockchain interoperability is a better approach in the short term to financial solutions than uniting Central Bank Digital Currencies (CBDC) and other assets into a single ledger.
In a recent release, “Connecting blockchains: Overcoming fragmentation...