Banco de España deputy governor Margarita Delgado spoke about the introduction of the digital euro, emphasizing its potential to overcome challenges such as cross-border payment barriers and the general lack of payment service providers (PSPs) in Europe. She believes that the digital euro can coexist with private payment solutions, enabling the development of new pan-European payment and financial services by the private sector. However, financial security must be ensured before its launch…

Bitcoin and altcoins are experiencing a decline in value following comments from the Federal Reserve suggesting that interest rate hikes could continue into 2024. Federal Reserve Chair Jerome Powell’s recent speech emphasized the need to address high inflation rates, indicating the likelihood of prolonged higher interest rates. Although United States equities markets have recovered from intraday lows, uncertainty remains about the future direction of the markets.

Last week in the world of decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... finance (DeFi), developers behind Base and Optimism protocols announced a joint agreement for revenue-sharing and governance-sharing. Coinbase, the parent company of Base, also outlined its commitment to neutrality to prevent centralization. Additionally, the Multichain hack investigation revealed new evidence, Shiba Inu’s Shibarium L2 network is preparing for a public relaunch, and Quantstamp introduced a new tool to detect flash loan attack vulnera…

The Hong Kong Monetary Authority (HKMA) released a report on its study Project Evergreen, which explored the impact of bond tokenization on the market. The study highlighted the potential of distributed ledger technology (DLT) to improve real capital market transactions within the existing legal framework in Hong Kong. By leveraging DLT, bond tokenization offers benefits such as efficiency, liquidity, and transparency in the bond market. It enables paperless transactions, eliminates the need for physical certificates, allows interaction on a common DLT platform, and enhances transparency through real-time data synchronization. However, the report also acknowledges that tokenization of bonds is still in its early stages and faces challenges that need to be overcome. It emphasizes the importance of connecting different tokenization solutions and conventional systems to avoid fragmentation, as well as the need to fine-tune legal and regulatory regimes to support technology adoption. This report aligns with Hong Kong’s efforts to position itself as a hub for crypto and decentralizedWith normal currency, banks and governments control everything – they’re the central authority. But cryptocurrencies work differently! Instead of one central group calling all the... finance activities.

Academics are divided over a research paper that suggests that ChatGPT, a large language model, exhibits a significant political bias towards the left side of the political spectrum. The study claims that ChatGPT’s output contains errors and biases that could mislead readers and perpetuate political biases presented by traditional media. The researchers conducted robustness tests to address potential confounding factors and alternative explanations, concluding that ChatGPT leans towards Democrats in the US, Lula in Brazil, and the Labour Party in the UK. However, critics argue that the method used may not capture the nuances of political ideology and that the questions posed may be biased or leading.