Keep up with the top crypto headlines in our weekly recap
Hello Investors ☕
In this edition we explore CBDC testing, an AI-powered jury, Vitalik’s X account hack, a Bitcoin only trust company, Telegram’s new wallet and more.
The N+1 Team
👀 Central Banks Join SWIFT CBDC Testing
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has reportedly seen progress in the testing and development of their Central Bank Digital Currency (CBDC). On September 13th, SWIFT announced that three central banks have joined the beta phase of their tests. The Hong Kong Monetary Authority, the Central Bank of Kazakhstan and a third unnamed bank are undergoing direct testing. In addition, SWIFT announced a new phase of sandbox testing. Looks like SWIFT could be the next entity to offer CBDCs.
🤖 Nvidia Announces AI-powered Jury
AI company Nvidia has come together with experts from Cointelegraph to create an AI-powered jury for the first Global MediaTech Pitch Day. The AI-jury will take part in decision making during the event, which intends to serve as a platform for startups to secure investments and make connections. Global MediaTech Pitch Day is set to host 50+ international speakers and will take place on September 28th in Germany.
😱 Vitalik Buterin’s X Account Hacked
Ethereum founder, Vitalik Buterin, had his X (formerly Twitter) account hacked on September 9th. The phishing scheme resulted in $700,000 lost in crypto and NFTs. This hack generated discussion on X about privacy, two factor authentication and the use of cold wallets.
🚀 Bitcoin-Only Trust Company by BitGo and Swan
The crypto wallet platform, BitGo, and financial services company, Swan, are partnering to form a Bitcoin-only trust company. In their announcement on X, they stated that the plan was a part of their “long-term vision to advance Bitcoin adoption”. The trust company intends to support administration and management of client’s Bitcoin holdings. BitGo and Swan also stated that the plan is pending approval from regulatory bodies.
📈 Telegram Integrates TON
During the crypto event, Token2049, in Singapore, Telegram unveiled a self-custodial crypto wallet. The wallet integrates The Open Network (TON), which is a proof-of-stake blockchain that faced a lawsuit from the SEC in 2020 for offering unregistered securities. Following the announcement, TON prices saw an increase. Telegram’s wallet is available to users in most countries outside of the US.
📚 N+1 Recommendations
The N+1 reading and media recommendations are sourced from our team of experts and offer weekly suggestions for learning more about blockchain, crypto, finance and technology. 🎧📖
Our recommendation this week: Blockchain Revolution by Don Tapscott