Tag: Digital

China Is Drafting Laws for the Circulation of National Digital Currency

China Is Drafting Laws for the Circulation of National Digital Currency Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have […]

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan

84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. […]

Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

Digital Remittances Reach Record High of Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for […]

Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets

Cred Now Enables LTC Holders to Earn Up to Ten Percent Interest on Their Digital Assets Cred, a licensed crypto-backed lending and borrowing platform based in California, now supports litecoin. The service will allow LTC holders to earn up to ten percent interest through any of its partners including the […]

Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving

Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving The total market capitalization of gold is estimated to be above $ 7 trillion, which is over 38 times that of bitcoin at the moment. However, there are those that think that the […]