Reach

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

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

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 …

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

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion

Analysts are bullish on bitcoin’s price but the options market is decidedly bearish on the remaining weeks of 2020. Ethereum’s wrapped bitcoin token crosses $2 billion locked. Bitcoin (BTC) trading around $16,240 as of 21:00 UTC (4 p.m. ET). Gaining 0.30% over the previous 24 hours. Bitcoin’s 24-hour range: $15,971-$16,487 BTC above its 10-day and …

Market Wrap: Bitcoin Fails to Reach $16.5K; Wrapped BTC Hits $2 Billion Read More »

Scroll to Top