digital

Goldman Expects Digital Yuan to Reach 1B Users in 10 Years

Goldman Expects Digital Yuan to Reach 1B Users in 10 Years

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The digital yuan, China’s planned national virtual currency, would account for 15% of total consumption payments in ten years, helping commercial banks gain more ground from fintech companies, according to a Nov. 17 Goldman Sachs report shared with CoinDesk. The Digital Currency Electronic Payment (DC/EP) could be a more attractive alternative to existing digital payment …

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Fed researchers survey past literature on central bank digital currencies and highlight current issues

Fed researchers survey past literature on central bank digital currencies and highlight current issues

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Researchers from the U.S. Federal Reserve published a deep-dive into the past literature on central bank digital currencies on Monday — while also laying out critical considerations for the future of such initiatives.  With a wholly digital dollar — whether from a private entity, the Fed itself or a mix of the two — potentially …

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The Economics Behind Bitcoin Forks

A live demonstration of what tokenization means for digital finance (Sponsored Post)

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There is a lot of talk and excitement about how blockchain tokenization can change the way digital transactions happen. However, so far, there is very little that any interested party can tangibly see There is a lot of talk and excitement about how blockchain tokenization can change the way digital transactions happen. However, so far, …

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Crypto exchange INX applies to list its digital security ‘INX Token’ on the Canadian Securities Exchange

Crypto exchange INX applies to list its digital security ‘INX Token’ on the Canadian Securities Exchange

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The as-yet-unlaunched crypto exchange INX has applied to list its digital security on the Canadian Securities Exchange (CSE). Announcing the news on Friday, INX said the listing application is subject to the CSE’s approval. Once green-lighted, the INX token would get listed on the traditional stock exchange. INX is currently amid an initial public offering …

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Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

Voyager Digital Revenue Rises Over 1,000% on Increased Crypto Adoption

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Publicly traded digital-asset brokerage Voyager Digital registered four-digit revenue growth in the fiscal year ended June 30, 2020. In an announcement Thursday, the Canada-based firm said revenue rose to roughly $1.1 million, marking a 1,159% rise from the previous fiscal year’s tally of $87,318. Other figures for the same period are also impressive: customer assets jumped …

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ECB official: digital euro is ‘necessary’ in several scenarios in Eurozone

ECB official: digital euro is ‘necessary’ in several scenarios in Eurozone

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Member of the Executive Board of the European Central Bank Fabio Panetta said in a speech at the ECB conference on Thursday that a digital euro, or the Eurozone’s potential CBDC, could become necessary with evolving consumer preferences, especially if people became reluctant to use cash. In his speech that primarily addressed pan-European payments and …

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EY launches Ethereum-based procurement solution for enterprises

EY-led consortium bids to work on Korea’s central bank digital currency pilot project

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A consortium led by EY Hanyoung, the “Big Four” consulting giant’s South Korean subsidiary, has reportedly bid for the country’s central bank digital currency (CBDC) pilot project. EY Hanyoung, along with Samsung SDS and Japanese tech giant LINE (owned by South Korea’s Naver Corporation), looks to work on the technical design of the CBDC project, …

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The market for institutional-grade trading services for digital assets may be maturing

The market for institutional-grade trading services for digital assets may be maturing

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We may be seeing the beginning stages of maturation in the market for institutional-grade services for trading digital assets, evidenced by consolidation in the sector as well as its first later-stage deals, according to a new report from The Block Research. According to the report, there are now 40 companies that provide digital asset trading …

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