• Japan central bank digital currencies
    Cryptocurrencies,  Politics,  Technology

    Bank of Japan’s top economist to head up department focused on digital currencies

    Kazushige Kamiyama’s appointment comes as the world’s third-largest economy ramps up efforts to embrace central bank digital currencies as China races ahead in creating one

    Kazushige Kamiyama’s appointment comes as the world’s third-largest economy makes a concerted effort to embrace financial innovation—and avoid being left behind.

  • digital payments anti-trust
    Cryptocurrencies,  Politics,  Regulation

    Launching its own digital currency, China take aim at digital payment titans

    The People’s Bank of China has called for an anti-trust investigation of Alipay and WeChat Pay, which together control 94% of the market. Is the forthcoming digital yuan responsible?

    China is creating a digital currency that can be used for day-to-day payments. Now a new report claims the People’s Bank of China is trying to initiate an anti-trust investigation against the two firms that dominate this space: Alipay and WeChat Pay.

  • tokenize carbon emissions
    Politics,  Technology

    Interwork Alliance: tokenize carbon emissions

    Rather than a blockchain-specific token, the industry group seeks to create standards for sustainability tokens that can work on any platform

    The nonprofit blockchain industry group announced on July 29 that it has formed a working group to set standards for tokens that can be used in these carbon emissions trading programs.

  • China tensions hit bitcoin price
    Bitcoin,  Politics

    Markets Report: Bitcoin price down from two-week highs as China tensions spook markets

    A trip above $9,400 soon comes to an end as concerns mount over the impact of U.S.-China sparring on equities and safe havens

    Bitcoin was fighting to preserve gains after hitting $9,400 on July 22, as fresh macro tensions appeared to put strain on bulls. Stock markets, to which the cryptocurrency continues to show significant correlation, were wobbly amid fresh tensions between the U.S. and China. Uncertainty over the latest $1 trillion coronavirus stimulus package added to the sense of foreboding which saw markets shed value.

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