Amazon Hiring Blockchain and Digital Currency Leader

Key Takeaways Amazon is hiring a digital currency and blockchain leader, according to a newly published job posting. The new hire will have expertise in cryptocurrency, distributed ledgers, and central bank digital currencies (CBDCs). The leader will help Amazon plan a digital currency roadmap, though Amazon has not announced specific plans. Share this article E-commerce giant Amazon has published a job posting that aims to hire a digital currency and blockchain product lead. Hire Will Have Crypto Expertise The job posting notes that the hire will lead “Amazon’s Digital Currency…

Amazon seeks new exec to oversee digital currency strategy

Tech giant Amazon is looking to dive into digital currency and blockchain development with a new major hire within its payments-focused team. Amazon’s payments acceptance and experience team is seeking a digital currency and blockchain product lead to develop the company’s strategy of digital currency and blockchain as well as a product roadmap. The team is responsible for Amazon’s customers’ payments on Amazon’s sites and through its global services. Posted on Thursday, the new role seeks an experienced product leader with expertise in blockchain, central bank digital currencies and cryptocurrencies…

Nigeria to pilot central bank digital currency in October

For much of 2021, the Central Bank of Nigeria (CBN) has been in the headlines for its anti-cryptocurrency measures. Yet, the institution has this week redoubled its investment and research into crypto’s underlying technology, blockchain, and has set a clear date for the pilot scheme of its blockchain-powered central bank digital currency (CBDC). On October 1, CBN will reportedly launch a pilot scheme for “GIANT” – a CBDC project in development since 2017, which runs on the open-source blockchain Hyperledger Fabric. Rakiya Mohammed, CBN’s information technology director, said the bank…

US senators tell athletes to avoid digital yuan, Chinese exchange volumes rebound … and more – Cointelegraph Magazine

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Olympic battle After months of writing about the relentless actions of the Chinese government, this week we lead with a story from the US Government. On July 19, three US senators signed a letter addressed to the to U.S. Olympic and Paralympic Committee, requesting US athletes not use the e-CNY in February’s Winter Olympic games in Beijing. The…

BNY Mellon Adds to Crypto Activity with Pure Digital Bet

Key Takeaways BNY Mellon is investing in crypto trading platform Pure Digital, along with five other banks. Pure Digital is aiming to compete with Coinbase and FTX for institutional clients. The move suggests BNY Mellon is seeing more institutional demand for cryptocurrencies. Share this article America’s oldest bank furthers its involvement with cryptocurrencies.  BNY Mellon Backs Pure Digital  The Bank of New York Mellon has joined five other banks in backing the institutional Bitcoin trading platform Pure Digital.  The 237-year-old institution announced its plans to add the institutional Bitcoin exchange…

Digital yuan pilots expand to insurance industry for the first time

China’s nascent central bank digital currency, the digital yuan, has already been deployed for an extensive array of successful pilot schemes, ranging from e-commerce to salary payments and to festive traditional lotteries. This week has reportedly seen the currency debut in the insurance industry, in the city of Shenzhen, where it is being piloted by the local branch of the People’s Bank of China together with a local subsidiary of China’s leading insurer, Ping An. The project involves a new insurance policy tailored to medical workers in Shenzhen’s Nanshan district,…

China wants US senators to ‘stop making trouble’ out of digital yuan

The heat is rising between the United States lawmakers and Chinese officials even before the Olympic flame ignited at the 2022 Beijing Winter Games.  During a press briefing on Tuesday, Chinese Foreign Ministry spokesman Zhao Lijian addressed U.S. senators’ warning letter to the U.S. Olympic and Paralympic Committee regarding the use of digital yuan at the Olympic games next year. Calling for the U.S. politicians to “abide by the spirit stipulated in the Olympic Charter,” Lijian asked them to “stop making sports a political matter and stop making troubles out…

Study suggests Canadian CBDC could promote digital innovation within the country

A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC. The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens were no longer widely using cash within the country for reasons that were left unspecified. The other could be if a digital currency, public or private, were to become so widely adopted as to threaten…

Bank of Korea selects Kakao’s blockchain arm for digital won tests

The central bank of South Korea has chosen a blockchain subsidiary of local internet giant Kakao as a technology provider for its digital currency pilots. Kakao’s Ground X had won the Bank of Korea’s central bank digital currency (CBDC) tender, becoming the principal technology supplier for blockchain-based digital won simulations, local news agency Korea JoongAng Daily reported Tuesday. The central bank announced that Ground X will participate in the South Korean CBDC project in cooperation with United States-based blockchain company ConsenSys as well as other Kakao affiliates like KakaoBank and…

Majority of institutional investors ready to buy digital assets, study says

New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow.  Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich to survey 1,100 institutional investors to understand their expectations regarding digital asset investments. The majority of surveyed investors expected to invest in digital assets in the future. The survey was conducted between December 2020 and April 2021 with the participation of high net worth investors, family offices, digital and traditional hedge funds, financial advisors and endowments,…