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Starbucks Denies Involvement in Digital Yuan Tests


American multinational chain of coffeehouses, Starbucks, has denied being involved in the testing of China's digital yuan. "We are not participating in the digital currency trial in China," a Starbucks spokesperson told Cryptonews.com, without elaborating. As reported, news have started...

Bitcoin Soars to Its Highest Level Since Crashing in March


Bitcoin hit $7,600 on Thursday, its highest level yet since crashing in early March. The cryptocurrency climbed more than 10% during the last 24 hours spurred by the return of leveraged money. Bitcoin cash (BCH), ethereum (ETH), and ripple (XRP) all rose above 4% to $239, $189, and $0.19...

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)...

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