Thailand’s biggest shopping center trialing digital currency

Central Retail Corp., a leading firm in Thailand’s retail industry, is testing a digital currency among its employees. After the sandbox phase is finished, the retail giant plans to extend the service to customers and the general public, according to a report by Bloomberg.  The “C-Coin,” a blockchain-powered cryptocurrency, is being offered to 80,000 Central Retail Corp employees around the world as a reward for exceptional performance as a bonus to their usual salary. While holders can use C-Coin to pay for meals and buy items and services from Central…

Gigante brasileño de movilidad 99 habilitará la compraventa de bitcoin en su billetera digital

99Pay, la billetera digital de la compañía brasileña de red de transporte 99, permitirá la compra y venta de bitcoin en su plataforma, según anunció la empresa el martes. Los usuarios de 99Pay podrán realizar transacciones sin comisiones con un importe mínimo de compra de 10 reales brasileños y un máximo de 10.000 reales —equivalente a 1.800 dólares estadounidenses— a partir del 3 de noviembre. 99Pay, que forma parte de la empresa china de movilidad DiDi Chuxing, dijo que la plataforma también ofrecerá promociones de devolución de dinero (cashback, en…

Voyager Digital will be crypto brokerage partner for Dallas Mavericks

Crypto trading platform Voyager Digital has inked a deal with the Dallas Mavericks basketball team aiming to make crypto more accessible through fan engagement and other educational programs. In an Oct. 27 announcement, Voyager Digital said it would become the Mavs first cryptocurrency brokerage and international partner in a five-year deal. The trading platform will also have naming rights over the franchise’s Mavs Gaming Hub in Dallas, a venue for the Mavs NBA 2K League team. “This partnership gives us the opportunity to educate people all over the world on…

Biden’s pick for CFTC chair wants the agency to be a ’beat cop’ with the authority to oversee 60% of digital asset market

Acting chairperson of the Commodity Futures Trading Commission, or CFTC, Rostin Behnam has likened the government agency’s enforcement of the digital asset space to a beat cop on duty. At a Wednesday hearing of the United States Senate Committee on Agriculture, Nutrition, and Forestry to assume his position on a permanent basis, Behnam told chairperson Debbie Stabenow the CFTC has been “aggressively pursuing enforcement cases” in the crypto space for some time, including its $100 million case against crypto derivatives exchange BitMEX and the $42.5 million in fines it levied against…

European Central Bank announces digital euro advisory group members

The European Central Bank (ECB) has announced the formation of a Market Advisory Group for the purpose of exploring the infrastructural and circulation potential of the digital euro from the perspective of industry spearheads. The group also aims to uncover the digital euros optimal function within the pan-European currency’s vast payments ecosystem.  The group includes a number of well-established experts from the banking and financial sector, including Aleksander Kurtevski, managing director of Bankart, Antonio Macías Vecino, head of payments discipline at BBVA and Axel Schaefer, payment regulation and innovation specialist…

ECB Appoints Advisory Group for Digital Euro Project – Bitcoin News

The European Central Bank (ECB) has appointed an advisory group for the digital euro project. Called the Digital Euro Market Advisory Group, it was founded with 30 members from business backgrounds. The council will have a say in the design, distribution, and value that this new digital currency can provide for the payments ecosystem. The currency could start its development phase in two years. ECB Integrates Digital Euro Advisory Group The European Central Bank has announced the appointment of the Digital Euro Market Advisory Group, an organization that…

Nigerian president to unveil eNaira central bank digital currency

Nigerian President Muhammadu Buhari is set to officially introduce the country’s central bank digital currency (CBDC), the eNaira. The Central Bank of Nigeria (CBN) has published a document in which it reaffirmed its intention to introduce the eNaira after previously attempting but failing to do so on Oct. 1. According to the design paper for the eNaira, the CBN now considers itself prepared to implement Nigeria’s CBDC.  The CBN is working on a global cryptocurrency that will be used as a means of payment and a store of value in…

Ant Group, Tencent Change NFT References to ‘Digital Collectibles’: Report

Ant Group and Tencent have changed references of non-fungible tokens (NFTs) to “digital collectibles” on their platforms and sites, Chinese media Jiemian reported. So far, NFTs have not been included in the Chinese government’s rules against crypto trading and mining. However, state entities have warned against the use of NFTs for market speculation. Last week, a government-run tech park in the Guangdong province cautioned people against scams that prey on the NFT hype. The two firms appear to be distancing themselves from NFTs. Tencent said that the reference change reflects…

Reddit Seeks Senior Engineer for Platform That Features ‘NFT-Backed Digital Goods’ – Bitcoin News

On Friday, American social news aggregation and discussion website, Reddit published a job listing seeking a senior backend engineer for a non-fungible token (NFT) platform. As part of Reddit’s development team, the new hire would help “design, build and ship backend services for millions of users to create, buy, sell and use NFT-backed digital goods.” Reddit’s Job Application Is Looking for a Senior Engineer for a Possible NFT Platform Reddit seems to be in the midst of creating a non-fungible token (NFT) feature on its platform and from a recent…

Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February – Bitcoin News

According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes McDonald’s, Visa, Nike to Accept CBDC The People’s Republic of China is preparing for its full roll-out of the CBDC in February 2022, during the introduction of the Beijing Winter Olympics. According to the Financial…