Ant-backed MYbank to help China expand digital yuan trial
Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot. Go to Source Powered by WPeMatico
Digital Currency
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Paid in Bitcoin: NFL Offensive Tackle Russell Okung Considered the Highest Paid in the League
At the end of December, the Carolina Panthers offensive lineman, Russell Okung told the public he would be getting half of his 13 million-dollar salary paid in bitcoin. Moreover, Okung made the decision at the right time, as the National Football League (NFL) just capped the league’s salaries at $180 million. Looking at it from … Read more
The Bahamas gets a card for its sand dollar national digital currency
The Central Bank of The Bahamas partnered with Mastercard and digital payment startup Island Pay to launch a card for its central bank digital currency. Go to Source Powered by WPeMatico
Sweden extends digital krona digital currency pilot until 2022
Sweden’s exploration into CBDCs will continue until 2022, as the nation’s central bank seeks to construct a digital version of the krona. Go to Source Powered by WPeMatico
Litecoin Attempts to Redeem Charlie Lee’s ‘Original Sin’ as LTC Markets Gain Momentum
Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021. Litecoin is Riding the Bull Market to its Next Resistance Level Litecoin had a challenging start. In late 2017 its founder, Charlie Lee, allegedly sold his entire bag of LTC … Read more
Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High
The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year. Bitcoin (BTC) has crossed the psychological $50,000 zone after fighting the region … Read more
Russian mobile carriers consider smartphone integration for digital ruble
Russian wireless service providers MegaFon and Beeline proposed to link digital ruble wallets on smartphones to user’s phone numbers. Go to Source Powered by WPeMatico
Indian Official Provides Updates on Crypto Bill and Transition Period for Crypto Holders: Report
As the Indian government gets closer to moving forward with the cryptocurrency bill, an official from the Ministry of Finance reportedly explained what discussions the government has been having regarding the crypto bill and the impending legislation. Indian Crypto Bill’s Progress Update The Indian government is getting closer to introducing the cryptocurrency bill in Parliament. … Read more
Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year
China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency. 50,000 People to Receive Free Digital Yuan China is actively testing its … Read more
Hardware wallet for digital yuan debuts in Xiong’an New Area
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection. Go to Source Powered by WPeMatico