Clients of IBM Digital Asset Haven, its platform for managing and securing digital assets, can now connect to permissioned blockchain networks, including Swift's blockchain-based shared ledger, IBM said Thursday.
IBM said financial institutions participating in Swift's program have already tested tokenized deposits on the ledger using Digital Asset Haven. The ledger supports bank-issued tokenized deposits and is built to allow participating IBM clients to move digital assets 24/7, with final settlement taking place through existing systems.
The messaging adapter lets banks build on existing payment message formats and operational processes rather than blockchain-specific workflows.
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Both China and the United States are leading nations in artificial intelligence.๐
We have both the capability and responsibility to develop and manage AI for good and ensure that the development of AI is always under human control and serves the well-being of the people.
We encourage our government departments, such as those in charge of foreign affairs, economic matters, financial cooperation, law enforcement, and people-to-people exchanges, to catch up on strengthening contact, and we support our legislative bodies in increasing exchanges.
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The White House has asked OpenAI and Anthropic to hold back their newest AI models from UK government testers until the U.S. gets first access. Anthropic appears to have complied, limiting Claude Mythos 5.1 to U.S. organizations and putting the UKโs early access to cutting-edge models under pressure.
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The U.K.'s largest banks executed the worldโs first customer transaction using tokenized British pound deposits on a share platform. The money movement included remortgage payments and a test of a consumer purchase.
The project is testing whether regulated bank money can move in tokenized form between institutions and in retail payments. Barclays, HSBC, Lloyds Banking Group, Monzo, Nationwide, NatWest and Santander took part in the Great British Tokenized Deposit initiative. The platform was built by Quant, a distributed ledger technology (DLT) service provider.
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The Federal Reserve Board on Thursday requested public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act.
The comment period will close 60 days after publication in the Federal Register.
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Prime Minister Anthony Albanese has revealed an AI agent hacked into an Australian Medicare data portal earlier this year. The AI agent accessed both public and non-public files.
The agent was conducting research into public medical spending when it found a way to break through privacy protections. Albanese said it took 3 months for OpenAI to admit the breach, which he said was unacceptable.
"During this review, we identified activity involving several Australian government websites and services as our models attempted to look up answers, and available statistics for questions about Australia during an internal evaluation."
"In the course of that, our models took actions we did not intend. Our review found no evidence of patient records being accessed. The information accessed included aggregate health statistics and internal file names," โ an OpenAI spokesperson said.
Albanese announced a taskforce would be set up to provide an "urgent and immediate review" of the incident. OpenAI's overall review was ongoing and it remained "committed to transparency".
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Pods is now enabling Pix โ Stellar, connecting Brazilโs instant payment rails directly to one of the worldโs leading blockchain networks. This integration makes it easier for wallets, fintechs, and neobanks to move users from BRL into onchain financial products with a seamless experience.
Local rails. Global infrastructure. One integration. Another step toward making onchain finance invisible to the end user.
#Stellar
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The U.S. CFTC is continuing to hang the welcome sign for crypto and blockchain activity in the derivatives space, advising regulated firms that tokenized assets can be treated the same as the things being tokenized and blockchains are sufficient for recordkeeping.
The regulator said the firms need to ensure that "the tokenized form of the asset grants the holder legal and economic rights that are the same or functionally equivalent to the rights received by holders of the asset in its traditional form" and that the assets are properly held.
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๐น The US Congress has set its sights on Flock Safety, a vehicle surveillance system
Senators called for tighter rules and privacy safeguards around AI-powered license plate readers, as they raised concerns about the potential consequences of errors and unrestricted access to vehicle-location data. The demands emerged Wednesday during a Senate Judiciary Subcommittee on Crime and Counterterrorism hearing focused on Flock Safety, whose network has grown to more than 120,000 cameras across 49 states.
Flock says its connected network allows law-enforcement agencies to share vehicle evidence across jurisdictions, with searches subject to audit controls. But senators and witnesses said the growing scale of the network raises new questions about privacy and Fourth Amendment protections.
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Senators called for tighter rules and privacy safeguards around AI-powered license plate readers, as they raised concerns about the potential consequences of errors and unrestricted access to vehicle-location data. The demands emerged Wednesday during a Senate Judiciary Subcommittee on Crime and Counterterrorism hearing focused on Flock Safety, whose network has grown to more than 120,000 cameras across 49 states.
Flock says its connected network allows law-enforcement agencies to share vehicle evidence across jurisdictions, with searches subject to audit controls. But senators and witnesses said the growing scale of the network raises new questions about privacy and Fourth Amendment protections.
โOur Bill of Rights is still good no matter what the technology of the day is,โ โ Republican Senator Josh Hawley said.
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The plaintiffs claim OpenAI presented ChatGPT as a private, one-to-one exchange while failing to adequately disclose that human reviewers could access usersโ prompts and other content.
The plaintiffs allege the practice is particularly concerning because consumers use ChatGPT to discuss highly sensitive subjects, including health, mental health, relationships, finances, employment and legal issues.
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Chinese medical scientists have shattered the brief window of time available to limit stroke damage, effectively shielding injured brain cells and dramatically improving the odds of a full recovery.
Brain cells start dying within minutes of a clot blocking an artery, leading to facial droop, affected speech and in severe cases, paralysis or death. Emergency treatments, such as clot-busting drugs or surgery, must be given within a maximum of six hours.
According to a study published by the top-tier Journal of the American Medical Association, clinical trials of the drug loberamisal found it was possible to expand the time available to 48 hours.
The large-scale multicentre phase 3 trial found that 70% of patients who received loberamisal intravenously within 2 days of a stroke regained complete functional independence โ an increase of 13% points over standard care alone.
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The US State Department is moving to give state and local officials, as well as potentially some nonprofit organizations, access to passport records to verify votersโ citizenship.
The plan, laid out in a notice recently sent to key lawmakers on Capitol Hill, would add โvoter eligibilityโ to the official list of โroutine usesโ for the State Departmentโs passport services records and provide access beyond government entities. Historically, uses of the data have primarily involved domestic and international government agencies and officials.
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Very productive meeting with President Xi for both the U.S.A. and China. Tremendous things will be happening.
Like almost everyone else, he seemed to like calling the poorly and inaccurately named Artificial Intelligence to a far more accurate and important name, SUPER INTELLIGENCE. That would be โSUPER!โ Everyone last night agreed, also.
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Federal Reserve researchers published a paper titled โHeraclius: A Byzantine Fault Tolerant Database System with Potential for Modern Payments Systems.โ Crypto researcher SMQKE resurfaced it and connected it to three specific digital assets: XRP, XLM, and HBAR.
The paper is in the Fedโs Finance and Economics Discussion Series and carries authors from FRB Boston, FRB San Francisco, and FRB NIT. It examines Byzantine Fault Tolerant consensus as the architecture best suited for secure, high-speed payment infrastructure.
๐ The Fedโs paper identifies what it calls โFederated Byzantine Agreementโ in Ripple and Stellar. According to the document, โRipple and Stellar use a federated voting process that is a variant of the Byzantine Fault Tolerance consensus model.โ
#Stellar
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President Xi and Madam Peng have just left D.C., heading for China. The meeting was one of Friendship, Strength, and Success, for both China and the U.S.A.๐จ๐ณ ๐บ๐ธ
We will be meeting again in November, in China, and then at the G20 in December, in Miami, Florida. Much has been, and will be, accomplished. I look forward to our next meeting!
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