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Shenzhen’s latest $3m digital yuan test sees nearly 140k transactions

Shenzhen’s latest $3m digital yuan test sees nearly 140k transactions

Residents in Shenzhen have proceeded nearly 140,000 transactions in digital yuan during the latest test of China’s CBDC.

The post Shenzhen’s latest $3m digital yuan test sees nearly 140k transactions appeared first on The Block.

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Lyn Alden on Why the Dollar System No Longer Serves the US or the World

At the end of an 80-year global debt supercycle, who benefits from having the U.S. dollar as the world’s reserve currency?

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Nvidia could make crypto mining GPUs again if there’s demand, says CFO

Chipmaker Nvidia could start manufacturing dedicated crypto mining GPUs (graphics processing units) if there is demand, according to its CFO Colette Kress. 

The post Nvidia could make crypto mining GPUs again if there’s demand, says CFO appeared first on The Block.

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Blockchain Bites: Goldman Sachs Investigates Crypto Custody, Solving the Blockchain ‘Trilemma’

Also: Coinbase plans infrastructure updates to prevent outages during periods of volatility.

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Bitcoin News Roundup for Jan. 18, 2021

With BTC hovering around $36,000 and Iran’s government blaming miners for recent blackouts, CoinDesk’s Market’s Daily is back with the latest news roundup.

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Nvidia May Restart Production of Crypto Mining GPUs if Demand Sufficient

Selling dedicated crypto cards would alleviate pressure on Nvidia’s consumer models.

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UK fund manager Ruffer: we are in the “foothills” of institutional adoption of bitcoin

Ruffer Investment Company, the British fund manager which recently revealed it had bet £550m on bitcoin, has published more details about the headline-grabbing decision.

The post UK fund manager Ruffer: we are in the “foothills” of institutional adoption of bitcoin appeared first on The Block.

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Gary Gensler Confirmed as Joe Biden’s SEC Chair Pick

Gary Gensler has taught courses about blockchain at MIT.

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Huobi Global Connects to European Banking System via UK’s BCB Group

The crypto exchange is partnering with BCB Group to get instant GBP and euro settlement for its customers.

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Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

Stephen Harper said “the number of things that people use as reserves will expand,” but the U.S. dollar will still retain its dominant role.

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