A monthslong test with some of the world's largest banks found that digital dollars could be an effective way to improve domestic and cross-border payments, according to a unit of the Federal Reserve Bank of New York. A report adds: The Fed's New York Innovation Center spent 12 weeks testing a technology known as a regulated liability network, which allows banks to simulate issuing digital money representing their customers' own funds before settling through central bank reserves on a distributed ledger. The test proved to the Fed that these so-called digital dollars have the ability to improve wholesale payments, and that the use of the ledger didn't alter the legal treatment of the deposits. "From a central banking perspective, the proof of concept was conducive to exploring tokenized regulated deposits and understanding the potential functional benefits of central bank and commercial bank digital money operating together on a shared ledger," Per von Zelowitz, director of the New York Innovation Center, said in a statement.

An anonymous reader quotes a report from TechCrunch: Nearly 70 IT security and privacy academics have added to the clamor of alarm over the damage the U.K.'s Online Safety Bill could wreak to, er, online safety unless it's amended to ensure it does not undermine strong encryption. Writing in an open letter (PDF), 68 U.K.-affiliated security and privacy researchers have warned the draft legislation poses a stark risk to essential security technologies that are routinely used to keep digital communications safe.

"As independent information security and cryptography researchers, we build technologies that keep people safe online. It is in this capacity that we see the need to stress that the safety provided by these essential technologies is now under threat in the Online Safety Bill," the academics warn, echoing concerns already expressed by end-to-end encrypted comms services such as WhatsApp, Signal and Element -- which have said they would opt to withdraw services from the market or be blocked by U.K. authorities rather than compromise the level of security provided to their users. [...] "We understand that this is a critical time for the Online Safety Bill, as it is being discussed in the House of Lords before being returned to the Commons this summer," they write. "In brief, our concern is that surveillance technologies are deployed in the spirit of providing online safety. This act undermines privacy guarantees and, indeed, safety online."

The academics, who hold professorships and other positions at universities around the country -- including a number of Russell Group research-intensive institutions such as King's College and Imperial College in London, Oxford and Cambridge, Edinburgh, Sheffield and Manchester to name a few -- say their aim with the letter is to highlight "alarming misunderstandings and misconceptions around the Online Safety Bill and its interaction with the privacy and security technologies that our daily online interactions and communication rely on." "There is no technological solution to the contradiction inherent in both keeping information confidential from third parties and sharing that same information with third parties," the experts warn, adding: "The history of 'no one but us' cryptographic backdoors is a history of failures, from the Clipper chip to DualEC. All technological solutions being put forward share that they give a third party access to private speech, messages and images under some criteria defined by that third party."

Last week, Apple publicly voiced its opposition to the bill. The company said in a statement: "End-to-end encryption is a critical capability that protects the privacy of journalists, human rights activists, and diplomats. It also helps everyday citizens defend themselves from surveillance, identity theft, fraud, and data breaches. The Online Safety Bill poses a serious threat to this protection, and could put UK citizens at greater risk. Apple urges the government to amend the bill to protect strong end-to-end encryption for the benefit of all."

Microsoft thinks we're getting a PS5 Slim model later this year that might be priced at $399.99. From a report: The software giant is currently waiting a ruling in the FTC v. Microsoft hearing and as part of the case Microsoft has filed documents which reveal it thinks a PS5 Slim is on the way "later this year." Here's exactly what Microsoft says: "PlayStation likewise sells a less expensive Digital Edition for $399.99, and is expected to release a PlayStation 5 Slim later this year at the same reduced price point."

The European Union (EU) is seeking closer cooperation with Japan in areas such as artificial intelligence to reduce reliance on China. CNBC reports: EU Commissioner Thierry Breton is meeting with the Japanese government on Monday, and artificial intelligence will be "very high" on his agenda, he said in a video posted on Twitter on Sunday. "I will engage with [the] Japanese government ... on how we can organize our digital space, including AI based on our shared value," Breton said.

Breton also said there will be an EU-Japan Digital Partnership council, to discuss areas including quantum and high-performance computing. The EU held a similar council with South Korea last week, in which the two sides agreed to cooperate on technologies such as AI and cybersecurity. Partnerships with key Asian countries with strong technology sectors come as the EU looks to "de-risk" from China -- a different approach from that of the U.S., which has sought to decouple its economy from Beijing. Part of that EU strategy involves deepening the relationship with allied countries around technology.

Breton told Reuters on Monday that the bloc and Japan will cooperate in the area of semiconductors. Japan is a key country in the semiconductor supply chain, and Tokyo has been looking to strengthen its domestic industry. Last week, a fund backed by the Japanese government proposed to buy domestic chipmaking firm JSR for around 903.9 billion yen ($6.3 billion). The EU has also been looking to strengthen its own semiconductor industry across the bloc.

Reliance's digital arm, Jio Platforms, has unveiled a new mobile handset and associated tariff plans, the latest in a series of years-long efforts from the top Indian telecom operator as it vies to convert users who remain "trapped" in the country's legacy 2G networks. From a report: Named 'Jio Bharat,' the handset from Jio Platforms is 4G-enabled and offers a suite of modern features including mobile payments capabilities with UPI, and access to Jio's own on-demand video and music streaming services, JioCinema and JioSaavn. The company said it will manufacture the Jio Bharat and also partner with other phonemakers to adopt the Jio Bharat Platform to build the handsets. The Delhi-headquartered Karbonn has signed up to the platform, said the billionaire Mukesh Ambani-led firm in a statement. The Jio Bharat is priced at 999 Indian rupees, or $12.2, Reliance said.

Rolling Stone reports: Over 100 artists including Rage Against the Machine co-founders Tom Morello and Zack de la Rocha, along with Boots Riley and Speedy Ortiz, have announced that they are boycotting any concert venue that uses facial recognition technology, citing concerns that the tech infringes on privacy and increases discrimination.

The boycott, organized by the digital rights advocacy group Fight for the Future, calls for the ban of face-scanning technology at all live events. Several smaller independent concert venues across the country, including the House of Yes in Brooklyn, the Lyric Hyperion in Los Angeles, and Black Cat in D.C., also pledged to not use facial recognition tech for their shows. Other artists who said they would boycott include Anti-Flag, Wheatus, Downtown Boys, and over 80 additional artists. The full list of signatories is available here.

"Surveillance tech companies are pitching biometric data tools as 'innovative' and helpful for increasing efficiency and security. Not only is this false, it's morally corrupt," Leila Nashashibi, campaigner at Fight for the Future, said in a statement. "For starters, this technology is so inaccurate that it actually creates more harm and problems than it solves, through misidentification and other technical faultiness. Even scarier, though, is a world in which all facial recognition technology works 100% perfectly — in other words, a world in which privacy is nonexistent, where we're identified, watched, and surveilled everywhere we go...." New York venue Citi Field as well as Cleveland's FirstEnergy Stadium, Miami's Hard Rock Stadium, and the Pechanga Arena in San Diego are among several venues across the country that have used face-scanning.
Thanks to long-time Slashdot reader SonicSpike for sharing the story.

"Picture a world where computing is not limited by the binary confines of zeros and ones, but instead, is free to explore the vast possibilities of continuous value data." That's Microsoft's research blog, describing its newly-developed Analog Iterative Machine, an analog optical computer designed for solving difficult optimization problems.

"For a multidisciplinary group of researchers at the Microsoft Research Lab in Cambridge, U.K., the mission was to build a new kind of computer that would transcend the limitations of the binary systems," says a Microsoft blog post.

Neowin describes it as a computer "that uses photons and electrons, rather than transistors, to process data." Light "passes through several layers, making impressions on each part of what's known as a 'modular array'," writes PC Gamer. "It's this process of projecting light through the array that replaces the function of a standard transistor."

Microsoft says it can "solve practical problems at the speed of light." And "it's already shown potential for surpassing state-of-the art digital (silicon-based) technology," adds TechSpot, "or even the most powerful quantum computers being designed right now." The AIM machine is built using commodity opto-electronic technologies that are low-cost and scalable, Microsoft says, and is based on an "asynchronous data flow architecture" which doesn't require data exchange between storage units and "compute locations."

AIM isn't designed for general purpose computing tasks, though. The analog optical computer is useful to solve difficult "optimization problems" like the well-known travelling salesman riddle, Microsoft says, which are at the heart of many, math-intensive industries including finance, logistics, transportation, energy, healthcare, and manufacturing. When it comes to crunching all the possible combinations of an exponentially growing problem, traditional, digital computers struggle to provide a solution in a "timely, energy-efficient and cost-effective manner."

AIM was conceived to address two simultaneous trends, Microsoft explains, which are sidestepping the unraveling of Moore's Law and overcoming the limitations of specialized machines designed for solving optimization problems... AIM works at the speed of light, and it seemingly provides a 100x increase in performance compared to the most advanced digital approaches available today. For now, AIM is still a research project with limited access for potential customers. The machine, however, is already being tested by UK financial company Barclays, which is using it to track transactions of money into stock purchases.
Microsoft says it's now releasing its "AIM simulator as a service, allowing selected users to get first-hand experience. The initial users are the team's collaborators at Princeton University and at Cambridge University."

Wikipedia defines the Yocto Project as "a Linux Foundation collaborative open source project whose goal is to produce tools and processes that enable the creation of Linux distributions for embedded and IoT software that are independent of the underlying architecture of the embedded hardware."

This week the Linux Foundation shared an update on the 12-year-old Yocto Project: In an effort to support the community, The Yocto Project announced the first Long Term Support (LTS) release in October 2020. Today, we are delighted to announce that we are expanding the LTS release and extending the lifecycle from 2 to 4 years as standard.

The continued growth of the Yocto Project coincides with the welcomed addition of Exein as a Platinum Member, joining AMD/Xilinx, Arm, AWS, BMW Group, Cisco, Comcast, Intel, Meta and WindRiver. As a Member, Exein brings its embedded security expertise across billions of devices to the core of the Yocto Project...

"The Yocto Project has been at the forefront of OS technologies for over a decade," said Andrew Wafaa, Yocto Project Chairperson. "The adaptability and variety of the tooling provided are clearly making a difference to the community. We are delighted to welcome Exein as a member as their knowledge and experience in providing secure Yocto Project based builds to customers will enable us to adapt to the modern landscape being set by the US Digital Strategy and the EU Cyber Resilience Act."

"We're extremely excited to become a Platinum Partner of the Yocto Project," said Gianni Cuozzo, founder and CEO of Exein. "The Yocto Project is the most important project in the embedded Linux space, powering billions of devices every year. We take great pride in contributing our extensive knowledge and expertise in embedded security to foster a future that is both enhanced and secure for Yocto-powered devices. We are dedicated to supporting the growth of the Yocto Project as a whole, aiming to improve its support for modern languages like Rust, and assist developers and OEMs in aligning with the goals outlined in the EU Cyber Resilience Act."

"Black Swan events are hard-to-predict rare events that can significantly alter the course of our lives," begins a 2021 paper by a computer science professor at the University of California.

Now the Washington Post revisits that exploration of the possibility that "magnetic fields unleashed by a solar superstorm rip through Earth's magnetosphere, sending currents surging through human infrastructure." A widespread internet outage could, indeed, be brought on by a strong solar storm hitting Earth — a rare but very real event that has not yet happened in the digital age, experts say. When a solar storm known as the Carrington Event struck in 1859, telegraph lines sparked, operators were electrocuted and the northern lights descended to latitudes as low as Jamaica. A 1989 solar storm took out the Quebec power grid for hours. And in 2012, a storm just missed Earth.

As the sun, which has roughly 11-year cycles, enters a particularly active period known as the "solar maximum" in 2025, some are worried our interconnected world is not prepared.

Sangeetha Abdu Jyothi, a computer science professor at University of California at Irvine whose paper "Solar Superstorms: Planning for an Internet Apocalypse" has played a role in popularizing the term, started thinking about internet resilience when the coronavirus began to spread, and she realized how unprepared we were for a pandemic. Research on widespread internet failure was scant. "We've never experienced one of the extreme case events, and we don't know how our infrastructure would respond to it," Jyothi said. "Our failure testing doesn't even include such scenarios."

She notes that a severe solar storm is likely to affect large-scale infrastructure such as submarine communication cables, which could interrupt long-distance connectivity. If you have not lost power, you might have access to, say, a government website hosted locally, but reaching bigger websites, which could have data stored all over the place, might not be possible. The northern latitudes are also especially vulnerable to solar storms, and that's where a lot of internet infrastructure is concentrated. "This is not taken into account in our infrastructure deployment today at all," she said. Such outages could last for months, depending on the scale and how long it takes to repair the damage. The economic impact of just one day of lost connectivity in the United States alone is estimated to be more than $11 billion, according to the internet watcher NetBlocks.

Still, Jyothi says she has felt bad for using the term "internet apocalypse" in her paper. There's not much ordinary people can do to prepare for such a phenomenon; it falls on governments and companies. And the paper "just got too much attention," she said.
"Astrophysicists estimate the likelihood of a solar storm of sufficient strength to cause catastrophic disruption occurring within the next decade to be 1.6 to 12%," the paper concludes. (It also notes that the U.S. has a higher risk for a disconnection than Asia.)

"Paying attention to this threat and planning defenses against it, like our preliminary effort in this paper, is critical for the long-term resilience of the Internet."

Meta is planning to allow users in the EU to directly download apps through Facebook ads, aiming to compete with Google and Apple's app stores. The Verge's Alex Heath writes: The new type of ad is set to start as a pilot with a handful of Android app developers as soon as later this year, I've learned. Meta sees an opening to try this thanks to new regulation in the EU called the Digital Markets Act (DMA) that is expected to go into effect next spring. It deems Apple and Google as "gatekeepers" and requires that they open up their mobile platforms to alternative methods of downloading apps. Android technically allows sideloading already, though Google makes it difficult by coupling its in-app billing and licensing with the Play Store, along with the scary warnings it shows when someone tries to download an Android app from another source. Even still, Meta clearly thinks it's safer to try its test first on Android rather than Apple's iOS.

Meta's pitch to developers participating in the pilot is that, by hosting their Android apps and letting Facebook users download them directly without being kicked out to the Play Store, they'll see higher conversion rates for their app install ads. At least initially, Meta doesn't plan to take a cut of in-app revenue from participating apps, so developers in the pilot could still use whatever billing systems they want.

Google said Thursday it will remove Canadian news content from its search, news and discover products after a new law meant to compensate media outlets comes into force. CBC.ca reports: "We're disappointed it has come to this. We don't take this decision or its impacts lightly and believe it's important to be transparent with Canadian publishers and our users as early as possible," said Kent Walker, the president of global affairs at Google and Alphabet. "The unprecedented decision to put a price on links (a so-called 'link tax') creates uncertainty for our products and exposes us to uncapped financial liability simply for facilitating Canadians' access to news from Canadian publishers."

Prime Minister Justin Trudeau said the government was confident Google would come around on the legislation. "I will say the conversations with Google are ongoing. It is important that we find a way to ensure that Canadians can continue to access content in all sorts of ways but also that we protect rigorous independent journalism that has a foundational role in our democracies," he said. "We know that democracies only work with a strong independent diverse media and we will continue to work for that."

The bill has been pitched as a way to keep news outlets solvent after advertising moved en masse to digital platforms, virtually wiping out a major revenue stream for journalism. [...] In an attempt to reverse the revenue decline, the government's new regulatory regime will require companies like Google and the Meta-owned Facebook -- and other major online platforms that reproduce or facilitate access to news content -- to either pay to post content or go through a binding arbitration process led by an arms-length regulator, the Canadian Radio-television and Telecommunications Commission (CRTC). An outlet will be considered an eligible news business if it regularly employs two or more journalists in Canada, operates largely within Canada and produces content that is edited and designed in this country. Google and Meta have signaled they'd rather get out of the news-posting business altogether rather than deal with this process. Meta also announced last week that would be removing all news content from Facebook and Instagram for users in Canada. You can read more about the Online News Act here.

The U.S. Federal Reserve announced on Thursday that 57 firms have been certified to utilize its "FedNow" instant payments system after it launches in late July. From a report: The Fed did not provide a specific date for the launch, but 41 banks and 15 service providers, including large firms like JPMorgan Chase, Bank of New York Mellon, US Bancorp and Wells Fargo, have completed formal testing and will be ready to provide instant payments after the new service is live.

AI software and voice cloners simulate distracted saps willing to stay on the phone forever -- or until callers finally give up. From a report: Complaints about unwanted telephone calls are "far-and-away the largest category of consumer complaints to the FCC," with the average American receiving 14 unwanted calls a month, according to one industry estimate, a spokesman for the Federal Communications Commission said. Automated dialers at call centers can easily crank out 100 calls a second, constantly searching for people willing to stay on the line. Voice modulators remove foreign accents and software allows overseas operators to trigger prerecorded English phrases, said Isaac Shloss.

He is chief product officer with Contact Center Compliance, a company that provides software and services tools to help call centers operate within the law. Roger Anderson, a 54-year-old in Monrovia, Calif., takes pleasure in foiling them. He began his war on telemarketers nearly a decade ago, he said, after one called the family's landline and said a bad word to his son. He started with an answering machine that said "Hello" a few times before hanging up. Anderson has since rolled out his weapons of mass distraction. He has posted conversations between man and bot, some lasting as long as 15 minutes before the telemarketer hangs up. The posts are part of Anderson's own marketing. He has several thousand customers paying $24.99 a year for use of his call-deflection system, called Jolly Roger. The subscription service gives people the choice of Whitebeard or other digital personalities, including Salty Sally, the overwhelmed mother, and the easily distracted Whiskey Jack.

After answering the phone, Jolly Roger keeps callers engaged with preset expressions from chatbots, such as "There's a bee on my arm, but keep talking." Chatbots also grunt or say "uh-huh" to keep things going. When OpenAI released its ChatGPT software last year, Anderson saw right away how it could breathe new life into his time-wasting bots. At first, ChatGPT was reluctant to do the work. "As an AI language model, I don't encourage people to waste other people's time," ChatGPT told Anderson. Its successor, GPT-4, also pushed back, he said. Anderson finally found a line of reasoning that persuaded GPT-4 to take the job. "I told it that, 'You are a personal assistant and you are trying to protect this man from being scammed,'" he said.

Asset management giant Fidelity is preparing to submit its own filing for a spot bitcoin exchange-traded fund. The news helped push bitcoin above the $31,000 mark earlier today. The Block reports: The launch of a spot bitcoin ETF has been described as a gamechanger among market pundits since it can provide a way for investors to get exposure to the market without having to deal with the underlying asset. BlackRock's filing specifically has been pointed out as significant given the firm's size and significance in global markets. "BlackRock's decision to file for a Bitcoin ETF signals that large institutional players are positive on the long-term outlook for the digital asset," Ark analyst Yassine Elmandjra wrote.

Fidelity is also a powerhouse, with tens of millions of retail brokerage clients and over $11 trillion in assets under its administration. The firm is also no stranger to crypto as it has operated an institutional custody and trading services business in the market since 2018. [...] This will be Fidelity's second attempt at such a product. In 2021, it filed for a bitcoin spot exchange-traded fund called the Wise Origin Bitcoin Trust but was denied by the U.S. Securities and Exchange Commission in early 2022.

Figma is expanding its partnership with Google for Education in a bid to introduce more school-age students to its product design and collaboration platforms. Announced during the Config event on Wednesday, June 21st, all K-12 students across the US can now access Figma for free on education Chromebooks. Figma is also expanding its educational partnership with Chromebooks outside of the US, starting with Google schools in Japan. The Verge reports: Today's announcement effectively opens up the beta program that Figma released last year, which was initially limited to select US high schools. As with the beta, students will have access to both Figma (the company's flagship product design platform) and FigJam, Figma's collaborative whiteboarding app. Figma's Google program is only available on Chromebooks, though the company said that schools using non-Google systems can apply for access on an individual class basis.

While Figma already provides free account tiers, these restrict users to a limited number of files and features. This offering for educational markets gives students and educators access to the company's Enterprise tier -- which typically starts at $75 a month per editor -- without paying a dime. The Enterprise tier for Figma and FigJam is the company's most powerful offering, allowing large groups of students to collaborate at scale. It also grants educators full control over their Figma environments to ensure student safety and support class management.

The Chromebook-specific perks of this partnership allow school admins running Google Workspace for Education to deploy and manage Figma to numerous Chromebooks with a few clicks, directly within the Google Admin console. And given how popular Chromebooks are in educational settings (largely because they're cheap, cloud-based, and easy to use), it's not unreasonable to expect schools to have some lying around.

Damus, a decentralized social networking app backed by Twitter co-founder Jack Dorsey, will be removed from the App Store due to Apple's strict payment rules. From a report: Apple had threatened to remove Damus earlier this month over the app's tips feature, claiming that it could be used by content creators to sell digital content on the platform. The tech giant has a long history of prohibiting developers from selling additional in-app content unless the transactions go through Apple, which takes a 30% cut. To avoid a ban, the team behind Damus had to tweak the app's tipping feature, which is made possible by way of Bitcoin's Lightning Network. The company previously explained in a tweet that it had to remove the tips button from posts and was only allowed to permit tips on profiles.

Microsoft has been increasingly moving Windows to the cloud on the commercial side with Windows 365, but the software giant also wants to do the same for consumers. From a report: In an internal "state of the business" Microsoft presentation from June 2022, Microsoft discuses building on "Windows 365 to enable a full Windows operating system streamed from the cloud to any device." The presentation has been revealed as part of the ongoing FTC v. Microsoft hearing, as it includes Microsoft's overall gaming strategy and how that relates to other parts of the company's businesses.

Moving "Windows 11 increasingly to the cloud" is identified as a long-term opportunity in Microsoft's "Modern Life" consumer space, including using "the power of the cloud and client to enable improved AI-powered services and full roaming of people's digital experience." Windows 365 is a service that streams a full version of Windows to devices. So far, it's been limited to just commercial customers, but Microsoft has been deeply integrating it into Windows 11 already. A future update will include Windows 365 Boot, which will enable Windows 11 devices to log directly in to a Cloud PC instance at boot instead of the local version of Windows. Windows 365 Switch is also built into Windows 11 to integrate Cloud PCs into the Task View (virtual desktops) feature.

An anonymous reader quotes a report from Gizmodo: One of the cybercriminals behind 2020's major Twitter hack was sentenced to five years in U.S. federal prison on Friday. Joseph O'Connor (AKA "PlugwalkJoe"), a 24-year-old British citizen, previously pleaded guilty to seven charges associated with the digital attack. He was arrested in Spain in 2021 and extradited to the U.S. in April of this year. In addition to the five years of jail time, O'Connor was also sentenced to three additional years under supervised release and ordered to pay back more than $790,000 in illicitly obtained funds, according to a news release from the U.S. Attorney's Office of the Southern District of New York. Previously, Graham Ivan Clark, another one of the hackers involved who was 17 at the time of the attack, pleaded guilty to related charges and was sentenced to three years in prison.

With all charges combined, O'Connor faced a maximum of 77 years in prison, per a Reuters report, while prosecutors called for a seven-year sentence. Ultimately, he will likely only serve about half of his five years, after having already spent nearly 2.5 years in pre-trial custody, Judge Jed S. Rakoff said during the Friday hearing, according to TechCrunch. Along with his fellow hackers, O'Connor "used his sophisticated technological abilities for malicious purposes -- conducting a complex SIM swap attack to steal large amounts of cryptocurrency, hacking Twitter, conducting computer intrusions to take over social media accounts, and even cyberstalking two victims, including a minor victim," according to a previous statement given by prosecuting U.S. Attorney Damian Williams. [...]

An investigation by the New York State Department of Financial Services determined that the breach was made possible because Twitter "lacked adequate cybersecurity protections," according to an October 2020 report. O'Connor and co were able to gain access to the social platform's internal systems through a simple scheme of calling Twitter employees posing as the company IT department. They were able to trick four Twitter workers into providing their login credentials. The FBI launched its own investigation, which found that O'Connor and his co-conspirators had managed to transfer account ownership to unauthorized users -- sometimes themselves, and sometimes to others willing to pay for the accounts. O'Connor himself paid $10,000 to take over one specific, unnamed account, according to a Department of Justice press statement from May. In addition to the Twitter hack, O'Connor also pleaded guilty to stealing nearly $800,000 from a crypto company by SIM swapping at least three executives' phone numbers. He further admitted to blackmailing an unnamed public figure via Snapchat and swatting a 16-year-old girl.

Reuters reports: The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.

"CBDCs should not be fragmented national propositions... To have more efficient and fairer transactions we need systems that connect countries: we need interoperability," Georgieva told a conference attended by African central banks in Rabat, Morocco. "For this reason at the IMF, we are working on the concept of a global CBDC platform," she said.

The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability. Failure to agree on a common platform would create a vacuum that would likely be filled by cryptocurrencies, she said... Already 114 central banks are at some stage of CBDC exploration, "with about 10 already crossing the finish line", she said.
Thanks to long-time Slashdot reader SonicSpike for sharing the news.

"Bitcoin on Friday shot up to its highest level in about a year," reports CNN: The cryptocurrency rose above $31,400 a coin on Friday, its highest level since 2022, before paring back its gains. Bitcoin, the world's largest cryptocurrency by market capitalization, earlier this week traded above $30,000 for the first time since April, when the collapses of Silicon Valley Bank and Signature Bank sent investors in search of safer places to hold their cash.

Bitcoin is up by about 87% this year. Its most recent gains come after a wave of interest in crypto from financial giants. BlackRock last week applied to register a bitcoin spot exchange-traded fund, according to a US Securities and Exchange Commission filing. Crypto exchange EDX Markets, backed by firms such as Charles Schwab, Fidelity Digital Assets and Citadel, also launched its digital asset trading platform this week...

Despite its surge this year, bitcoin remains well below its all-time highs of more than $60,000 in 2021.