Mainstream People Coming to Bitcoin, Digital Assets Data CEO Says

Mike Alfred, CEO of analytics firm Digital Assets Data, described increased Bitcoin (BTC) enthusiasm from the public amid flying prices. “We are seeing more signs of increased institutional interest,” Alfred told Cointelegraph of Bitcoin on July 28 — the day after bitcoin rose more than $1,000 in a 24-hour period. Bitcoin broke upward Crypto’s pioneer asset had a standout day on July 27, rising from $9,930 to $11,400 within a single daily price candle, according to TradingView.com data. “Volume was strong on Bakkt and CME yesterday,” Alfred said on July…

It Is the China Dream That Hinders Digital Yuan Says Fisco Executive

China leads the development of central bank digital currency (CBDC ) in the world. Digital yuan has been already tested in some areas in China while Western nations have just started talking about CBDCs. Six central banks such as ECB, Bank of England, Bank of Japan, are collaborating on the research of CBDC and reportedly held the first meeting just in April. Bank of Japan announced at the beginning of this month that they would start testing a digital yen although they didn’t specify when. The United States hasn’t even…

Scratch ‘Blockchain Island,’ Malta Now Wants to Become a Digital Enclave

The Maltese government is continuing to break away from its once-prominent blockchain agenda, as it intends to take a more holistic approach toward digital economy development. In a recent interview with Cointelegraph, Kearon Bruno, chairman of Digital Economy Think Tank, an advisory body tasked with diversifying and consolidating Malta’s economic portfolio, said:  “We’re moving away from [being a] blockchain island, and more towards a digital island because we believe more in this holistic vision that includes all aspects and technological components”. According to Bruno, Malta now favors an “overarching vision”…

French Central Bank Picks Accenture, HSBC and Others for Digital Euro Pilot

Banque de France has picked eight potential candidates to test the integration of a CBDC for interbank settlements, according to the announcement published earlier today. The list of approved participants includes mainstream juggernauts like Accenture, HSBC, and Societe Generale, as well as smaller crypto-focused players like Seba Bank and LiquidShare. The announcement follows the central bank’s call for applications to experiment with the use of a digital euro, which it posted in March. At the time, the institution said it would select a maximum of 10 CBDC-related applications, with “innovative…

Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing

Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of large companies joining the digital yuan initiative as partners in testing and implementing the technology is clear evidence of the progress the project is making in its development.  Meituan Dianping, the country’s largest wholesale and delivery platform for products, has become the latest corporation to agree to assist the People’s Bank of China in testing and implementing…

AI-Blockchain Platform Creates Digital Assets From Personal Data

Artificial Intelligence (AI) specialist Kneron announced the launch of its KNEO platform on July 16, combining edge AI devices with blockchain technology to create secure and private personal networks. The Kneron Neural-network Edge-AI Open platform also creates digital assets out of personal data which can be exchanged or sold to the corporations who want them. Blockchain-connected sensors create private network KNEO uses blockchain technology to connect a number of edge AI sensors or stems, such as cameras, microphones and thermal sensors. The term “edge AI” refers to systems which process…

Japan Should Urge US to Hurry Up With Digital Dollar Says Fisco Exec

Japan is behind the curve on the establishment of a central bank digital currency and should throw its weight behind the United States establishing a digital dollar, says Takaya Nakamura, an executive from Japanese crypto exchange Fisco. The Japanese government is reportedly planning to include consideration of a central bank digital currency (CBDC) in its official economic plan soon but the country is considerably behind China’s efforts with the digital yuan.  In the global competition for supremacy in digital currencies, Japan’s role should be to urge the United States to…

Abra CEO Agrees With Bitcoin’s Role as Digital Gold

After changing roles several times since its 2009 launch, the current line on Bitcoin (BTC) calls it a store of value comparable to gold — a status with which Abra CEO Bill Barhydt agrees.  “Today Bitcoin is best used as a store of value that will become more and more uncorrelated to traditional investing markets over time,” Barhydt told Cointelegraph.  Bitcoin’s role transformation since inception Following Bitcoin’s on-chain beginnings in 2009, the asset traversed a staggering price growth journey, going from less than $1 all the way up to nearly…

Digital Assets Fund Adds $905M in Record Quarter

Grayscale Investments has just released its quarterly report which shows that institutional demand for Bitcoin and other digital assets is still on the rise despite the lack of action from Bitcoin price (BTC). The report shows that Grayscale had yet another record quarter for its digital asset products with $905.8 million dollars invested over that time period. The nearly $1 billion inflow means Grayscale almost doubled its previous high of $503.7 in the first quarter of 2020. Out of the total amount of funds accrued by Grayscale, Bitcoin continued to…

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users

The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan. Meituan Dianping is a Beijing-based food delivery platform that currently boasts of more than 435 million active users and billions of dollars of daily transactions. This creates a huge opportunity for the mass adoption of the digital yuan, which is also referred to as the Digital Currency Electronic Payment or DCEP. Unnamed sources told Bloomberg that Meituan had…