Friday, Aug 07, 2020
All what’s digital
Add Your News
Voices of freedom to china and the whole world? China urged to develop its own international payment system to counter risk of US financial sanctions
Chinese economists weigh in on possible measures to insulate China from Washington’s response to the implementation of a national security law in Hong Kong. Dethroning the US dollar’s global dominance is said to be a long-term project, s...
Jack Ma’s Ant Group, valued at US$200 billion, to kick start concurrent IPOs in Shanghai and Hong Kong, bypassing New York
The IPO could peg Ant Group at more than US$200 billion, more valuable than state-owned China Construction Bank and just shy of Bank of America. China’s richest man Jack Ma effectively controls about 50 per cent of the voting interest in...
Bill Gates, Joe Biden, Elon Musk, Kim Kardashian West, And Barack Obama's Twitter Accounts Were Hacked In A Bitcoin Scam
A tweet sent by some of Twitter's biggest accounts asked for Bitcoin and promised to "double all payments" sent to an address. It's a scam.
Octopus allows payments via iPhones, Apple watches
Octopus Cards has announced that iPhones and Apple Watches can now be used to make transactions instead of its cards, thanks to a software update that was revealed on Tuesday.
China has new US$1.4 trillion plan to seize the world’s tech crown from the US
The tech investment push is part of a fiscal package waiting to be signed off by the National People’s Congress, which convenes this week. This initiative will reduce China’s dependence on foreign technology, echoing objectives set forth...
Bitcoin just went through a massive change known as 'halving'
The digital cryptocurrency Bitcoin has just experienced a rare event known as ‘halving’ where the value of unlocking a Bitcoin drops.
BIG DATA=BIG MONEY: Jeff Bezos sold $3.4bn of Amazon stock just before Covid-19 collapse
Members of Congress have a long history of trading stock on confidential information. In fact, up until just a few years ago it was legal and perhaps the best perk of their jobs as “public servants.” Now Big-Data-Kings joins the party. A...
Sweden is now testing its digital version of cash, the e-krona
The Riksbank, Sweden’s central bank, has announced the launch of a year-long pilot project of its proposed e-krona. The project will use distributed ledger technology inspired by the blockchains that run cryptocurrencies.
Cryptocurrencies see $93.5 billion wiped off value in 24 hours as bitcoin plunges 48%
Bitcoin was down 48% from 24 hours before at 10:24 a.m. Singapore time at $4,001.60, according to data from Coindesk. The market capitalization, or total value of the entire cryptocurrency market, plummeted around $93.5 billion in the sp...
Valued at $10B, Nubank launches it’s Nu credit card in Mexico – TechCrunch
Nubank, the Brazilian digital bank valued at $10 billion, is launching its Nu credit card in Mexico – a country where the unbanked population counts 36 million people.
Coronavirus hampers digital yuan research
As China is about to introduce a digital version of its yuan currency, research on China’s digital yuan has been hampered by the deadly coronavirus epidemic sweeping the country.
Binance Now Supports Deposits and Withdrawals in Hong-Kong Dollars
The exchange has opened a fiat gateway for Hong Kong dollars, serving a jurisdiction in which banking services for crypto firms are notoriously tough to find.
US tax authorities have eye on crypto investors
Failure to report transactions could lead to an audit, fines or even jail time
Millions of people fell for crypto-Ponzi schemes in 2019
Cryptocurrency scammers raked in $4.3 billion worth of digital money in 2019, more than triple 2018’s haul. That’s according to the latest in a series of recent data drops by blockchain analytics firm Chainalysis, all of which it has inc...
‘Bad timing’: industry experts pan expanded fast-track immigration scheme by Hong Kong government to lure tech talent
Lawmaker Charles Mok bemoans city’s battered global image amid protest violence and coronavirus outbreak, while experts say plan could be more beneficial if extended to other industries
Peter Thiel-backed mobile bank N26 says it's luring deposits from US titans like Chase and Citibank
N26 says it has attracted 250,000 users in the U.S. It claims new customers are shifting funds from the likes of Chase and Citibank.
China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate
China has fast tracked development of its sovereign digital currency, but a former central bank deputy governor has urged China to think about its response. Central banks from Canada, Britain, Japan, and Sweden, as well as the European C...
Beyond The Top Ten: These Trends Should Shape The Future Of Fintech
The 2020s will almost certainly be challenging years for people and the planet. Society is aging, and by the end of the decade, 20 percent of us will be over 65 and ill-prepared for what lies ahead.
Why 2020 Is The Year For Fintech
This month marked one of the largest fintech acquisitions of all times, Visa’s purchase of Plaid for $5.3 billion. It is a validation of fintech in a literal sense – Plaid is a key enabler to many of the leading fintech players, and crit...
Hong Kong, Thai central banks closer to using digital currencies for cross-border payments
Plan would let Hong Kong, Thai banks use a CBDC to move funds; Other central banks could join HKMA and Bank of Thailand later
Add Your News