As Tether again stopped a scam in its tracks by blacklisting a hacker’s account, users are reminded about the powers they hand to centralized money issuers.

The Governor of the Bank of England told an audience that an inability to specify a precise detailed use case today was no reason to put off investigating the future potential of ‘enhanced digital money’.

The Bank for International Settlements’ Annual Economic Report 2023 dedicates a significant portion to a ‘Blueprint for the future monetary system’, covering tokenization, CBDCs, smart contracts, and a proposed unified ledger.

Zimbabwe is doubling its bet on the gold-based monetary system by adding more gold coins in circulation and planning digital coins backed by gold.

In this year-end post we want to pay tribute to the single most important trigger in #moneytech development of the last decade - Bitcoin.

After the collapse of FTX, the stablecoin from Tron lost its peg to the dollar and has not yet returned to normal. On December 12, the USDD deviated strongly from the dollar, the price of the stablecoin was about 97 cents.

FED is trying to stifle high inflation by rising interest rate and - surprisingly - by provoking unemployment as fears of recession escalate. The crisis could expand around the globe and lead to a contraction in the world’s economy.

SWIFT completes another phase of its CBDC trials. The focus is on cross-border settlements between different CBDCs. The conclusion so far is that their existing systems can handle it.