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Bitcoin to Emerge as the Digital Gold in the Years to Come


Bitcoin has immense potential to change significantly the way we have been banking, carrying out transactions, and viewing money. Bitcoin’s significant surge has made it difficult for people belonging to the finance sector, technology sector, and government to ignore it. Bitcoin has evolved...

Bitcoin to Be Digital Gold in 2020, Says Bloomberg Report


Bitcoin will mature into a gold-like store of value this year, according to the latest projections by Bloomberg. The financial magazine’s report, “Bitcoin Maturation Leap,” notes that the cryptocurrency is poised for a bull run, after being temporarily dragged by...

LG Pilots Facial Recognition-powered ‘Digital Token’ Payment Platform


Source: Adobe/S_E South Korean electronics giant LG’s long-awaited digital token has taken a new and innovative twist in the wake of the coronavirus pandemic. Per a press release shared with the Green Economic Daily, LG’s IT services arm, LG CNS, has released details about its “digital currency,”...

McDonald’s, Starbucks, Subway May Take Part in Digital Yuan Tests - Reports


McDonald’s, Starbucks and Subway branches could be set to take part in the Chinese central bank’s digital yuan pilots, with Beijing’s efforts to roll out the world’s first central bank digital currency (CBDC) intensifying. Multiple Chinese outlets, including the likes of Sina (via JRJ and Ciajing)...

Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed


Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...

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