Bank of England answers professionals’ questions about upcoming CBDC wallet
Bank of England also clarified that it has not yet decided whether it will build a sample wallet for CBDC.

Companies that applied to win over the $244,000 contract to develop a central bank digital currency (CBDC) wallet proof of concept (PoC) for the Bank of England (BOE) provided questions about the project. In response, the central bank published its answers to over 70 questions.

On Dec. 9, the BOE opened applications asking suppliers to submit applications. About 20 companies submitted their applications and handed in their questions before Dec. 25. Following this, the BOE published the questions asked by the competing providers and gave its answers that aimed to offer insights into the project.

According to the BOE, it wants to create a back-end server for a core ledger, a mobile wallet application and a merchant website. The bank clarified that it has not yet committed to developing a sample wallet and will only use the PoC to expand its knowledge. The BOE wrote:

“We're using this PoC to deepen our knowledge and understanding of how CBDC products could possibly interact with each other.”

Initially, 28 applications were submitted, but eight suppliers did not proceed after the question stage. Those who completed the applications are 9 small and medium-sized enterprises and 11 large companies. According to the BOE, the contract will be awarded to the chosen applicant on Jan. 31.

On Nov. 23, BOE officials Andrew Bailey and Sir Jon Cunliffe answered questions raised by lawmakers in a live-streamed event. On the topic of digital currencies, the officials seemed to see CBDCs as a revolution for the future of money. Sir Cunliffe said that he expects to see a revolution in the functionality of money that's "driven by technology."

Meanwhile, an industry exec recently spoke with Cointelegraph to explain how crypto can be good for CBDCs and vice versa. Itai Avneri, the deputy CEO of crypto platform INX, said that CBDCs and regulated crypto has the potential to complement each other.


Twitter data breach: Hacker put 200M users’ private information up for grabs
Twitter data breach hackers have now released 200 million users’ private data for free after not receiving the $200,000 they demanded earlier.

200 million Twitter users’ private information, including their email addresses, was put for sale after a breach exposed 400 million users’ private information in the last week of December 2022.

The hacker behind the December breach had earlier demanded $200,000 from Twitter in a bid to return the stolen data and warned if the demand is not fulfilled, the data will be released for free. The latest set of data posted on the hacker forum has been traced back to the same breach from December 2022.

Researchers at Privacy Affairs confirmed that the leaked data set on the hacker forum is the same from December. The 200 million number, in this case, resulted from the removal of duplicates. The released data set doesn’t contain phone numbers. The researchers warned that these data sets could be used to initiate social engineering or “doxing” campaigns.

The data set was originally 63GB, but after removing duplicates and compressing the files, the size of the latest data set was reduced to 4GB and free to download.

The hacker also noted that the analysis of original file dates and account creation dates “strongly suggest” that this was collected from early November 2021 through December 14, 2021.

Many users on Twitter demanded that the social media platform looks into security as these hacks put activists and whistleblowers in danger.

Some of the popular and known names and entities include Sundar Pichai, Donald Trump Jr., SpaceX, CBS Media, the NBA and the WHO. The data breach vulnerability has been patched now. But, tracing back to the hack, it seems the same vulnerability was used for another exploit in July 2022.


US authorities are seizing $460M in Robinhood shares tied to FTX: Report
BlockFi, Sam Bankman-Fried and FTX creditor Yonathan Ben Shimon have all made claims on 56 million Robinhood shares, but the U.S. government may have the final say.

The United States Departure of Justice has reportedly seized or was in the process of seizing more than $400 million worth of Robinhood shares linked to FTX as part of the case against the crypto exchange.

According to a Jan. 4 report from Reuters, U.S. officials told a judge they were in the process of seizing assets tied to FTX and its former CEO, Sam Bankman-Fried, which included 56 million shares of Robinhood — worth roughly $468 million at the time of publication. The report comes a day after a judge in the criminal case against SBF orderedyu7po him not to access or transfer any cryptocurrency or assets from FTX or Alameda.

Amid FTX’s bankruptcy proceedings, control of the Robinhood shares has been under contention as many investors and creditors look to be made whole. BlockFi, Bankman-Fried and FTX creditor Yonathan Ben Shimon have all staked claims to the assets.

In federal court on Jan. 3, Bankman-Fried pleaded not guilty to eight criminal counts, including wire fraud, securities fraud and violations of campaign finance laws. He also previously denied moving funds from Alameda, saying he no longer had access to the wallets since stepping down as CEO in November.

The former FTX CEO has been under house arrest at his parent’s home in California since December but has been allowed to travel for approved reasons, including showing up for court in New York. His trial date has been set for Oct. 2.


This Daily Dose was brought to you by Cointelegraph.

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