Bank of Canada Advances CBDC Research with Privacy-Focused Design
Bank of Canada Advances CBDC Research with Privacy-Focused Design
馃崄 Loonie Goes Digital
The Bank of Canada has released a new research paper detailing its vision for a retail Central Bank Digital Currency (CBDC). Key features include:
- Privacy-focused architecture using MIT's OpenCBDC two-party computation system
- Self-custody wallet options for users
- Minimal transaction tracking
- Scalable design for nationwide deployment
This development builds on the bank's ongoing CBDC research since 2019, marking a significant step toward a potential digital Canadian dollar implementation.
Learn more about the technical specifications in the official research paper
Bank of Canada explores retail CBDC! 馃嚚馃嚘 New research paper outlines a privacy-focused, scalable digital dollar design using MIT鈥檚 OpenCBDC 2PC system. Self-custody wallets & minimal tracking prioritized. 馃Ε
GMX V1 Suffers $42M Exploit via Re-entrancy Attack
A significant security breach hit GMX V1 through a re-entrancy attack, resulting in a $42M loss from the GLP pool. The exploiter managed to mint unauthorized tokens for various assets including WBTC and USDC. Key points: - GMX has offered a 10% bounty ($4.2M) for return of funds - Trading operations have been halted - GMX token dropped 15% to $12 - White-hat terms include no legal action if returned within 48hrs The protocol team is actively investigating while urging users to remain cautious. [Full details on Decrypt](decrypt.co/329363/crypto-exc)
Pumpfun Announces $600M Token Presale Starting July 12
Pumpfun's upcoming $PUMP token presale is scheduled for July 12, targeting a significant $600M raise at a $4B valuation. Key points: - Major exchanges Kraken and Bybit confirmed participation - Launch comes amid ongoing debate over presale practices - Could impact Solana's growing meme coin ecosystem The presale has drawn attention due to previous criticisms of similar token launches by industry figures. Market observers are watching closely to see how this might influence the broader Solana meme coin landscape. *Note: Investors should conduct thorough research before participating in any token sales.*
Europe's Stablecoin Challenge: ECB Veteran Warns of USD Dominance
Former ECB board member Lorenzo Bini Smaghi highlights Europe's critical lag in euro stablecoins, potentially threatening its financial sovereignty. Key points: - Global stablecoin market: $255B - USD stablecoins: $241B - Euro stablecoins: mere $14B The imbalance risks: - Deposit migration to US platforms - Weakened ECB monetary control - Reduced European financial influence Despite Soci茅t茅 G茅n茅rale's 2023 euro stablecoin launch and MiCA regulations, experts say Europe needs faster action from banks and policymakers to remain relevant in global finance. *Time is running out for Europe to establish its digital currency presence.*
Historic Bitcoin Movement: 80,000 BTC Transferred from Satoshi-Era Wallets
Eight Bitcoin wallets from the Satoshi era have awakened, transferring a total of 80,000 BTC - marking the largest movement of early-Bitcoin holdings in the network's history. Two days later, another dormant wallet from 2011 moved 10,009 BTC, adding to this historic series of transfers. Key points: - These movements represent some of the oldest Bitcoin holdings in existence - Total value of transfers exceeds $3.5 billion at current prices - Transfers could impact market sentiment and liquidity *Market participants are closely monitoring these addresses for potential further movement.* **Technical Note**: These wallets remained inactive for over 12 years before this transfer.