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digital money

China to hand out $6.2 million in digital currency to Beijing residents as part of trial

[CNBC, Getty Images] China will hand out 40 million renminbi ($6.2 million) of its digital currency to citizens in Beijing in a lottery.Residents of the Chinese capital can use two banking apps to apply to win one of 200,000 so-called red packets as part of the lottery containing 200 yuan each.China has yet to do […]

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Digital Currencies May ‘Erode’ Dollar’s Role in Global Finance: Report

[Decrypt] A new report from Deutsche Bank says countries need to be ready for the disruption central bank digital currencies may cause. Central bank digital currencies (CBDCs) are likely to transform the way we live, and consumers and financial institutions need to be ready, Deutsche Bank has said.  CBDCs could have a particularly heavy effect […]

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Digital Dollar To Be ‘In Competition’ With Bitcoin

[Forbes, Getty Images] Digital dollars and central bank digital currencies are fast becoming a reality, with China this month reportedly expanding a pilot program for its digital yuan. While the U.S. has barely even begun thinking about a digital dollar, its potential implications have generated extensive debate, with a former governor of the Reserve Bank of India, Raghuram Rajan, saying […]

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Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos

[Coindesk] Social media has thrown dogecoin traders a treat. Trading volumes for the Shiba Inu meme-based cryptocurrency spiked nearly 2,000% in the last two days as videos on TikTok encouraged users to invest, according to data from Messari. The whimsical asset’s price climbed 35% to $0.035 over the same period.  Dogecoin—which was conceived as a tongue-in-cheek riposte to Bitcoin—has seen […]

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EOS, VeChain, Dogecoin price analysis

[AMBCrypto, Unsplash] In the past few months as Bitcoin remained stable around the $9,000 mark, a few altcoins rose to the spotlight. While it still cannot be said that ‘altseason’ has arrived, that does not mean that we haven’t had individual altcoin rallies and individual altcoin busts.  EOS: Source: EOSUSD via Trading View EOS, the 11th largest cryptocurrency in […]

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U.S. Moves Closer To Digital Dollar

[Forbes, Getty Images] On June 30th, 2020, the Senate Banking Committee held a hearing on the future of the digital dollar. The pressures to create a digital USD are mounting as China recently began testing its own digital currency – the DCEP, which will be included in popular applications like WeChat and AliPay. Of particular concern is […]

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