Despite growing scrutiny over the potential threat of the PBOC’s “digital yuan” toppling the U.S. dollar, Bank of Japan official Kazushige Kamiyama said Thursday the digital yuan presents no such threat.
Coinbase debuted on Nasdaq Wednesday through a direct listing. Shares were expected to begin trading at $340 per share, a market valuation of about $63 billion and a fully diluted valuation of almost $89 billion, according to Bloomberg.
JPMorgan announced Monday that the company is testing “Confirm,” a new blockchain-based application designed to allow participating banks to request and receive confirmation of beneficiaries’ account information in near-real time.
Paxos Digital Trust announced today that Instinet and Credit Suisse had settled post-11 a.m. equity transactions via its T+0 (same day) settlement system. Paxos said it plans to apply to the SEC this year to offer the service publicly.
Bakkt Holdings launched its mobile app Tuesday. It includes a wallet for holding digital assets and allows users to convert bitcoin, as well as rewards points, gift cards and airline miles into cash on the app.