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blockonomi.com European Central Bank Moves Forward with Digital Euro Development

TLDR The European Central Bank has selected several firms to provide core services for the digital euro project. The ECB signed agreements for fraud detection, application development, offline payments, and secure data exchange. Feedzai and Capgemini Deutschland will manage fraud and risk management for the digital euro. Almaviva and Fabrick are responsible for the app [...] The post European Central Bank Moves Forward with Digital Euro Development appeared first on Blockonomi.

news.bitcoin.com Officials Warn Against Using Seized BTC to Fill UK Fiscal Gap Amid Legal Uncertainty

The UK Treasury is reportedly considering keeping most of the 61,000 bitcoins seized from Chinese fraudsters in 2018, potentially to help address fiscal shortfalls. However, officials have warned against relying on the crypto due to the likelihood of a lengthy legal battle. Legal Warnings Over 61,000 BTC Seizure The United Kingdom (UK) Treasury is reportedly […]

bitcoinist.com SWIFT’s Blockchain Move Is Positive For Ripple? Why XRP Is Still The Better Option

SWIFT’s decision to test a blockchain prototype with Consensys (Ethereum) has stirred debate in the crypto space, raising concerns about whether XRP’s role in global finance may be under threat. While Ethereum may offer experimentation, a crypto analyst argues that the XRP Ledger (XRPL) already delivers enterprise-grade performance, compliance features, and real-world adoption that institutions […]

blockonomi.com New York Senator Proposes Crypto Tax on Energy Use by Miners

TLDR New York State Senator Liz Krueger has introduced a bill to impose a tax on crypto energy consumption by mining companies. The proposed tax will be levied in tiers based on annual energy usage, with miners using more power paying higher rates. Miners consuming up to 2.25 million kWh annually will be exempt from [...] The post New York Senator Proposes Crypto Tax on Energy Use by Miners appeared first on Blockonomi.