Search Results for "e-yuan"
Morgan Stanley Buys E*Trade for 13 Billion USD, Providing Link For Everyday Online Traders
Wall Street giant Morgan Stanley is creating more access for everyday investors with the announcement of an imminent $13 billion acquisition of online trading firm E*Trade Financial Group.
China to be First Cashless Society with Digital Yuan Launch in 2022, SCMP Report
China is poised to become the world’s first cashless society should roll out its Digital Yuan DCEP before it hosts the 2022 Winter Olympics according to the SCMP
Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event
China’s central bank is scheduled to test its digital yuan dubbed the Digital Currency Electronic Payment (DCEP) in a second red packet lottery event in Suzhou on December 12.
Goldman Sachs' Yuan Crash Forecast Could Affect Bitcoin Price, Bull Run Ahead?
Goldman Sachs is expecting the Chinese yuan to fall to its lowest since 2008 in the coming months due to the existing US-China trade war, and now the US potential sanctions on China over its feud over Hong Kong. US President Donald Trump has announced earlier that he will be looking to end preferential treatment for Hong Kong in terms of trade and visa-free travel, due to the new security law for Hong Kong approved by Beijing. The yuan has been forecasted by Goldman Sachs to fall to 7.25 per dollar during the next three months before recovering to 7.15 per dollar over six months, then to 7 per dollar in the next year. As the firm sees the yuan falling to its 2008 low, the potential for Bitcoin to experience an explosive price rally has been raised.
Shopify Becomes Member of the Libra Association
Canadian-based e-commerce giant Shopify has announced it will become the latest member of the Libra Association's governing council.
Tether Plans to Issue Stablecoin Backed by Chinese Yuan
Tether has been reportedly working on a new stablecoin pegged to the Chinese Yuan. The stablecoin project named “CNHT” came from the intention of Zhao Dong, one of the shareholders of the Bitfinex crypto exchange.
China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan
China’s central bank, the People's Bank of China (PBOC), has teamed up with Shenzhen city to distribute DCEP worth 10 million yuan, approximately $1.5 million to residents.
Fintech Startup Monerium Seeks to Issue E-Money on Algorand Blockchain
The role of e-money is on the rise and continues to challenge bank deposits and cash. The recent partnership between Fintech Firm Monerium and Algorand Blockchain company presents a whole picture of the relevance of e-money as a more convenient means of payments and financial transactions.
China’s Digital Yuan Launch Could Threaten Macau’s Gambling Industry
Gambling businesses in Macau fear that the launch of digital yuan would render them obsolete.
Coinbase Secures an E-Money License From the Central Bank of Ireland
The US-based cryptocurrency exchange, Coinbase, has just been granted an e-money license in Ireland by the Central Bank of Ireland as it continues its expansion into Europe.
Russia’s E-Voting Blockchain Platform Attacked
Russia’s blockchain e-voting platform for Vladimir Putin’s proposed Constitutional amendments reportedly suffered a node attack last weekend. The proposal is passed will allow Putin to serve as President until 2036.
McDonald's, Subway and Starbucks Among the First to Trial China's Digital Yuan
Mcdonalds has been named along with coffee giant Starbucks as one of the 19 restaurants that will be first to try out China’s Digital Yuan in the new district of Xiong’An.