Tag: Digital Currency

A Storm is Brewing for Bitcoin in 2021

Today I would like to share with you my feelings about two recent news stories. The stormy U.S. election made a big deal last week when supporters of the incumbent president gathered in large numbers in Washington, D.C., in high spirits and dissatisfaction with the election results, and some even stormed the Capitol in an all-out war drama with the world watching. In the aftermath, the incumbent’s social accounts, including those of nearly 70 million of his supporters, were blocked,…

In the face of the “surge” of coins, how to layout the market?

Two of the DeFi tokens that have been particularly notable recently are Link and Sushi. The reason for the attention is that the price has skyrocketed. As far as I can remember Link was hovering around $10+ for a long time and has surpassed $20 in the last two days; Sushi was hovering around $1 for a long time and has risen to over $6 in the last two days. These two coins are also of high interest to our…

Standard Chartered Bank cooperates with the Hong Kong Monetary Authority and the Bank of Thailand to pilot central bank digital currency electronic transfers and foreign exchange transactions

According to the Securities Times, at the Guangdong-Hong Kong-Macao Greater Bay Area Innovation Economy Summit Forum, Standard Chartered Bank (China) Co., Ltd. Deputy Governor Xie Wen said that Standard Chartered Bank has participated in testing some digital currency pilot projects, such as the recent Standard Chartered Bank and Hong Kong Monetary Authority. , Bank of Thailand worked together to use the central bank’s digital currency to complete real-time point-to-point electronic transfer and foreign exchange transactions between Hong Kong and Thai…

Suqian police cracked the digital currency investment scam “Digital Business China”, involving 2.2 million yuan

At the beginning of October this year, the Suqian police received a police report from citizens stating that they had been deceived on the “Digital Business China” platform. Suqian police investigation found that this platform called “Digital Business China” claimed that as long as you study on it, you can get digital points. If you get 0.25 points and pass the exam, you can withdraw 75,000 yuan. The platform claims that the country has specially developed and constructed the “Digital…

EU officials: The EU will cooperate with the European Central Bank on the digital euro

EU Economic Commissioner Paolo Gentiloni (Paolo Gentiloni) said that the European Commission agrees with many of the recent reports of the European Central Bank (ECB) regarding the digital euro. In the near future, the main reasons why the digital euro may become necessary are the digitization of the European economy, the decline of cash as a means of payment, and the protection of the sovereignty of the euro currency to cope with the possible non-euro-denominated pricing in the euro area…

Central Committee of the Communist Party of China: Building a modern central bank system and steadily advancing digital currency research and development

Xinhua News Agency is authorized to issue the CPC Central Committee’s recommendations on formulating the 14th Five-Year Plan for National Economic and Social Development and the 2035 Long-Term Goals. In the sixth part, “Comprehensively deepen reforms and build a high-level socialist market economy system”, the Central Committee of the Communist Party of China proposed to establish a modern fiscal, taxation and financial system, build a modern central bank system, improve the money supply control mechanism, and steadily promote digital currency…

Xi Jinping: Actively participate in the formulation of international rules such as digital currency and digital tax

President Xi Jinping published an important article on “Several Major Issues in the National Medium and Long-term Economic and Social Development Strategy” in “Seeking Truth”. Xi Jinping said that we must take advantage of the momentum to accelerate the construction of digital economy, digital society, and digital government, promote digital optimization and upgrading in various fields, and actively participate in the formulation of international rules such as digital currency and digital tax to create new competitive advantages.

Ant Group CEO: Digital currency is a positive increase for Ant Group, not a negative decrease

According to a report from China Business News, Hu Xiaoming, CEO of Ant Technology Group, stated that the central bank of digital currency is positioned as M0 and implements two-tier operation; Alipay and other mobile payment wallets are financial infrastructure, while digital renminbi is a payment tool and a wallet. Content. The issuance and circulation of digital renminbi involves all aspects of society, and it also requires the People’s Bank of China and various institutions to work together to promote…

Jack Ma: Digital currency will definitely redefine currency

Jack Ma, the founder of Alibaba Group, said that digital currency may redefine currency. Although the main function of currency still exists, digital currency will definitely redefine currency, just as Apple mobile phone redefines mobile phone. Digital currency today is far from the time to grab standards, but to create value. It is necessary to think about how to build a new financial system through digital currency, think about the future for the world, think about how to do global…

Austrian Investment Bank and Bitpanda’s Pantos project conduct digital currency proof of concept

Austrian investment bank Raiffeisen Bank International AG (RBI) announced a collaboration with the blockchain research project Pantos of the cryptocurrency exchange Bitpanda. Pantos will serve as the first proof of concept to be implemented on RBI Coin, an electronic currency solution previously launched by RBI Bank. Pantos is a blockchain interoperability project, the goal is to make the token project independent of a specific blockchain. RBI Coin is a digital currency solution that allows users to make payments between banks…