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Digital Assets Market Update 12 August 2019

Digital Assets Market Update 12 August 2019

Latest news and updates from the digital assets market

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Over 30 Japanese Firms to Conduct Digital Yen Pilot Test

Major Japanese companies from various sectors will collaborate to engage in a pilot test to issue a private digital currency or Digital Yen.

Blockchain Technology Implemented into Indonesia's Digital Economy

Blockchain Technology Implemented into Indonesia's Digital Economy

Bank Central Asia (BCA) is campaigning for Indonesian financial businesses to innovate and adopt blockchain technology to support its digital economy amidst rapid technological revolution.

Bank of Japan Testing Digital Yen CBDC

Bank of Japan Testing Digital Yen CBDC

The Bank of Japan (BoJ) has just announced that it will begin experimenting with a Digital Yen, its own Central Bank Digital Currency (CBDC) to test its technical application and feasibility.

Walmart Files Patent Introducing Its Own Digital Currency

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra.

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

eToro CEO: Central Banks will Inevitably Establish Digital Currencies

Yoni Assia, eToro’s CEO, recently weighed in on the issue of Central Bank Digital Currencies. He noted that this matter was no longer an issue of “if,” but of “how and when” because the development of digital currencies by central banks was inevitable.

Bitcoin Millionaire Warns Against Disclosing Crypto Holdings After Narrowly Escaping Rubbery Attack

Bitcoin Millionaire Warns Against Disclosing Crypto Holdings After Narrowly Escaping Rubbery Attack

It has been reported that a millionaire who happens to have acquired his wealth through Bitcoins fell into the arms of an armed robber. He used this to sound a note of warning to other members of the crypto community.

Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth

Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth

Tom Jessop, President of Fidelity Investments digital assets arm said his firm still uses the word “potential” when describing volatile Bitcoin’s ability to act as a store of value

Mauritius Jumps on Digital Currency Bandwagon

Mauritius Jumps on Digital Currency Bandwagon

The issuance of Central Bank Digital Currency (CBDC) has been making airwaves with nations, such as China, leading the hype. The Bank of Mauritius, the central bank of the Republic of Mauritius, seeks to join this bandwagon based on an announcement that it wants to introduce a digital currency.

US Wealth Manager Confirms on CNBC that PayPal Will Enable Merchant Cryptocurrency Payments

US Wealth Manager Confirms on CNBC that PayPal Will Enable Merchant Cryptocurrency Payments

Wealth manager, Sandi Bragar, considers PayPal as the best choice for businesses because of its bet on cryptocurrency.

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”

Grayscale Bitcoin Trust Offers Public Access to BTC “Era of Digital Gold”

Grayscale Bitcoin Trust is offering mainstream investors access to the newly proclaimed era of digital gold as Bitcoin evolves into a dominant store of wealth.

World's First National Digital Currency to Be Built on Algorand

World's First National Digital Currency to Be Built on Algorand

World’s First National Digital Currency to Be Built on Algorand

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