Intersect, a member organization of the Cardano ecosystem, announced plans to migrate the Cardano core codebase to its management department. The team stated: "Intersect will support those who maintain the Intersect member Repos." On December 16th, management of all 26 Cardano code repositories will be transferred to Intersect and its members, further supporting and enhancing its distributed development, and enabling the community to drive the future direction of blockchain. This migration constitutes an important part of the "Voltaire" era that Cardano is currently undergoing.
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According to reports, British legislators are urging caution in the implementation of retail digital pounds, emphasizing the importance of finding a balance between technological progress and potential flaws. Members of the Treasury Select Committee have reservations about the possible introduction of retail digital pounds, calling for careful scrutiny before implementation. Despite recognizing the potential benefits of innovation, the committee urges the Bank of England and the Treasury to thoroughly evaluate the necessity of this step, while considering the associated costs and risks. During this period, the committee's report suggests imposing lower initial restrictions on the value of retail digital pounds to mitigate potential bank runs during market instability. This specific preventive measure aims to prevent a large amount of deposits from being transferred to digital wallets, which could increase the risk of bank failures and raise the cost of loans. (Cointelegraph)
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BNB Chain has announced that the BSC hard fork has been postponed based on new test results, risk assessments, and discussions with experts and the community. Developers can restore the upgrade before the effective block height of 33968300 or 07:57:53 (UTC+0) on Friday, December 1.
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