Central Bank of Spain Selects Partners for CBDC Testing
Banco de España, the central bank of Spain, has selected its collaborators for central bank digital currency (CBDC) testing one year after issuing an open invitation to partners. The central bank issued a resolution on January 3rd, which declared its collaboration with Adhara Blockchain, Cecabank, and Abanca. Simulation of interbank payment processing and settlement using […]
Senator Proposes Ethical Guidelines for AI Contractors in California
On January 3, Democratic California State Senator Steve Padilla introduced Senate Bills 892 and 893, which seek to establish a “safe and ethical framework” for artificial intelligence (AI) service providers operating within the state. Senate Bill 892, the first of the two, would mandate that the California Department of Technology establish safety, privacy, and non-discrimination […]
Gamma Strategies Attempts to Negotiate Bounty with Hacker
In the aftermath of a $3.4 million hack in digital assets, Gamma Strategies liquidity management protocol, while attempting to retrieve the funds lost in the exploit, negotiates a bounty with the hacker. PeckShield, a blockchain security firm, identified an exploit in Gamma’s repositories on January 4. Initial assessments indicated that the losses incurred a value […]
AI Creates Live Performances of Elvis Presley from Old Videos
British immersive entertainment company Layered Reality has unveiled a novel endeavor utilizing artificial intelligence (AI) to resurrect the legendary rock and roll figure Elvis Presley for live performances using his old photos and videos. Using artificial intelligence and holographic projections of Elvis created from thousands of personal photographs and home videos, “Elvis Evolution” will provide […]
European Union Regulators Will Investigate Banks’ Crypto Exposure
The European Systemic Risk Board (ESRB), Financial Stability Board (FSB), and the European Banking Authority (EBA) of the European Union will evaluate the interdependence of banks and non-bank financial institutions (NBFIs), such as crypto platforms, hedge funds, and private equity. In an interview with the Financial Times on December 3, José Manuel Campa, chairman of […]