CBDC removing cash to Apple may invest in Bitcoin, Read Today's Top 5 Crypto News
1) Central Bank Digital Currency can remove Cash in the future - Deutsche Bank.
Deutsche Bank Research Department published a report named 'What We Must Do to Rebuild' where it explained the effects of Covid-19 Pandemic on CBDC. In the report, Bank mentioned that concerned authorities should work towards digital credit cards-
Worldwide lockdowns and social distancing measures have only increased the use of cards over cash. To respond, companies and policymakers must design alternative to credit cards and remove middle man fees. [...] For now, the priority must be on regional digital payment systems. In the long term, central bank digital currencies will replace cash.
2) CertiK launched QuickScan, an automated tool to scan smart contracts.
QuickScan will check deployed smart contracts against a database of familiar vulnerabilities. This will be done by using static and dynamic analysis techniques that examine the bytecode, source code, and access parameters for every smart contract which will be done in less than an hour.
3) Pakistan Government working on a framework to regulate cryptocurrencies.
Securities and Exchange Commission of Pakistan (SECP) published a report regarding the growing Digital asset market globally and analyzing the existing Jurisdiction in other countries. SECP highlights
Digital assets also known as Virtual Assets, and Crypto Assets are the start of a new era of Digital Finance, and demand innovative regulatory measures and approaches by the regulators across the world. This could only be possible by initiation of a new era that re-invents regulatory regime/measures as they are known to the regulators globally today.
4) Metakovan revealed as the owner of the first digital F1 car minted.
An NFT representing the first digital F1 car made for F1 Delta Time was sold at $110,000. Recently in a podcast named Blockchain Gaming World, it was revealed that Metakoan is the owner. Metakovan who is an angel investor and entrepreneur said
A branded NFT was one of the first things that caught my eye. But I did not know the company. […] I did see this interesting bidding war developing. […] As I saw the auction I noticed there was something interesting happening here.
5) Apple Should Take a Bite Out of Bitcoin.
Michael Saylor, CEO of MicroStrategy, and Raoul Pal, former Goldman Sachs hedge fund manager have also said that Apple will make large-scale investments in the future. Dan Weiskopf, Toroso Investments’ portfolio manager posted in a blog that Apple should invest in Bitcoin. Michael Saylor tweeted
Apple could generate $100 billion or more in shareholder value if they integrated Bitcoin into Apple Pay, built a secure crypto wallet into the iPhone, and began buying BTC with their Treasury Reserves.
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