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A CBDC is something that many central banks are considering and Qatar appears to be one of those institutions. Governor Snyder says they represent an important step forward in "quick, affordable, and more accessible financial services". A less reputable crypto asset, he said, "may be ones that are not underscored by the monetary authorities". Qatar Investment Authority CEO Mansoor Al Mahmoud said this week that his business is interested in the fundamental mechanism of the technology: blockchain.  

  In the latest big-money heist in the digital currency business, hackers have stolen the equivalent of $100 million from a California-based cryptocurrency corporation. Cryptocurrency company Harmony says one of its "bridge" programs was hit by suspected burglars Thursday night. According to Elliptic, hackers have stolen more than $1 billion from cryptocurrency bridges this year alone. No one has been caught stealing from Harmony's virtual bank account. Federal authorities implicated North Korean hackers in April for a $600-million breach of a video gaming firm.

An initial feasibility study is being conducted by Bangladesh Bank on the introduction of a central bank digital currency (CBDC). The CBDC's primary goal is to enable virtual transactions and support new startups and e-commerce companies. Around $208 million was spent in 2019 to send 300 of the country's best graduates abroad to study cutting-edge digital technology. 

The worldwide crypto market cap has dropped to $1.04 trillion, a drop of more than 5% in a single day. Almost every major cryptocurrency was in the red, with many losing more than 10% and reaching new lows. Over the last 24 hours, the overall cryptocurrency market volume surged by 26.36 percent to $103.34 billion.  

The Jamaican senate has given the central bank permission to issue its CBDC, known as the Jamaica Digital Exchange (Jam-Dex). The Jam-Dex will be used to buy and sell digital currency. It doesn't require a bank account to be utilized, the Jamaican dollar digital currency "offers a more secure, convenient alternative to paper money".  

An updated Central Bank Digital Currency (CBDC) Tracker has been released by the Atlantic Council's Geoeconomic Centre. A CBDC is being considered by 105 countries, which collectively account for over 95% of global GDP. BIS published a paper last month claiming that nine out of ten central banks around the world are looking into CBDCs.  

  There was a total volume of $5.45 billion in DeFi, which is equivalent to 8.79 percent of the total amount of the 24-hour crypto market. The overall market volume of cryptocurrencies came in at $61.95 billion, a 10.89 percent decline from its previous value. In the past twenty-four hours, the values of several of the most prominent cryptocurrencies have fallen. The price of one Binance Chain token, denoted by the symbol BNB, fell by 3.85 percent, landing at $296.53. At the time that this report was written, the price of one Dogecoin (DOGE) had significantly decreased to $0.07982.

According to fraud reports, one out of every four dollars is lost to crypto-related crimes. In addition to Bitcoin, Tether and Ether were the two cryptocurrencies utilized most frequently by scammers. Due to fraud, three times as many people between the ages of 25 and 40 have lost money. Since its November peak of $69,000, the price of Bitcoin has fallen by more than half. The SEC hired more than a dozen new staff members last month as part of its efforts to avoid bitcoin fraud. According to the FTC, even a well-intentioned, substantial cryptocurrency investment cannot be guaranteed to generate profits. With an average of $10,000 per victim, most frauds are romantic schemes. The Federal Trade Commission (FTC) strongly discourages online dating services in conjunction with investment advice.  

At one point lately, the most valuable cryptocurrency on the market was trading at slightly under $30,000. As recently as Tuesday morning, Bitcoin was trading at more than $32,000. Other prominent cryptocurrencies, such as luna classic (LUNC), plunged even more, losing 61% of its value at one moment.  

A training program has been launched in the Philippines for government scientists and technologists in the Department of Science and Technology (DOST). The training aims to evaluate how blockchain can be used in sectors such as healthcare, financial support, and emergency relief. An amount of money was provided for the program that may be used to train IT, workers and researchers. It also hopes to produce blockchain development specialists who can assist the government in other blockchain-related endeavors.  

Japan's Prime Minister Fumio Kishida has said he is open to reviewing the country's controversial crypto tax policy in an effort to spur Web3-related growth. It has been suggested that Japanese crypto-related businesses and talent have been driven to relocate because of unduly harsh tax rules. When coins are exchanged for fiat currency, Tamaki argues, the government should only tax businesses and individuals when actual [fictitious] earnings are generated.