Chinese bank launches CBDC-powered settlement service for bulk commodity spot clearing

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• UBS assessing results delay post-Credit Suisse takeover

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• Nigerian crypto exchange Patricia unveils tokenomics white paper amid customer repayment concerns

  TL;DR Breakdown Patricia, a Nigerian cryptocurrency exchange, released a tokenomics white paper to clarify the utility and value of its native token, partly in response to customer concerns about the repayment of investments. The white paper outlines an ambitious plan for repaying customers through the token but lacks a concrete timeline, leading to mixed public reactions and ongoing investor uncertainty. While the white paper could potentially improve Patricia’s standing with regulators, the absence of a clear repayment schedule raises new questions about the company’s commitment to its customers. Description Patricia, a Nigerian cryptocurrency exchange, recently released its tokenomics white paper, aiming to clarify the utility and value proposition of its native token: Patricia Token (PTK). The company announced its PTK tokens’ launch following a security breach in May 2023, resulting in fund losses. Although the company confirmed that customer funds remained safe, platform users … Read more Patricia, a Nigerian cryptocurrency exchange, recently released its tokenomics white paper, aiming to clarify the utility and value proposition of its native token: Patricia Token (PTK). The company announced its PTK tokens’ launch…

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• Coinbase users report scams and phishing attacks

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• ECB’s Schnabel sees worsened Eurozone growth outlook as inflation remains high

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