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February 27, 2021

DIGITAL

Another Chinese city launches a digital currency test — this time it’s much larger at $6 million

CNBC
CNBC – For more and to sign up click here People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018.  Jason Lee | Reuters BEIJING — The southwestern Chinese city of Chengdu announced Tuesday it will hand out roughly......

A Digital Firewall in Myanmar, Built with Guns and Wire Cutters

New York Times
The Myanmar soldiers descended before dawn on Feb. 1, bearing rifles and wire cutters. At gunpoint, they ordered technicians at telecom operators to switch off the internet. For good measure, the soldiers snipped wires without knowing what they were severing, according to an eyewitness and a person briefed on the......

UPDATE 1-Former Bank of England Governor Carney joins board of digital payments company Stripe

Reuters
(Updates with Carney’s statement) Feb 21 (Reuters) – Mark Carney, former head of the UK and Canadian central banks, has joined the board of U.S. digital payments company Stripe Inc, days after the company was reported to be planning a primary funding round valuing it at over $100 billion. “Regulated......

Gary Vaynerchuk says GameStop frenzy was just the beginning of investing in the digital age

CNBC
CNBC – For more and to sign up click here CEO & Co-Founder Vaynermedia Gary Vaynerchuk speaks at the Brand U Event at Nasdaq MarketSite. Roy Rochlin | Getty Images The newfound influence of Reddit users on the stock market is just a microcosm of what’s to come in the......

China’s digital yuan needs to beat Alipay, WeChat Pay before challenging dollar, researcher says

CNBC
CNBC – For more and to sign up click here China’s digital yuan will need to dethrone the country’s domestic e-payments giants first, before it can think of competing against the greenback internationally, says the Peterson Institute for International Economics’ Martin Chorzempa. “A lot of people talk about (the digital......

Op-ed: Digital engagement matters to companies – and their investors – in a post-pandemic world

CNBC
CNBC – For more and to sign up click here gradyreese | E+ | Getty Images One of my favorite movie quotes comes from “Gladiator,” as Maximus calls out to the crowd, “Are you not entertained?” In this new pandemic-focused world, it appears that we should be changing that to......

Dwindling cash use is pushing central banks to race toward digital currencies

CNBC
CNBC – For more and to sign up click here LONDON — Central banks are accelerating their work on digital currencies and investors are taking note. Earlier this year, the Bank of International Settlements published its latest survey showing that 86% of the 65 central banks it spoke to are......

Going digital will boost rouble’s global role, Russia says

Reuters
MOSCOW, Feb 11 (Reuters) – A “digital rouble” could be a tool to make the Russian currency more global, a senior finance ministry official said on Thursday. Russia’s central bank first floated the idea of the digital rouble last October, saying it could be issued on top of existing cash......

Sketch Vs. Final: Artists Show The Huge Difference Between Their Sketches And Finished Artwork (30 Pics)

IA
A recent trend on Twitter got artists all hyped up to share their artwork. The challenge ‘Sketch vs. Final’ asks the artists to share what their artwork looks like when it’s first sketched out and when it’s all finished and rendered. The difference between the two is quite shocking and......

Yellen eyes innovation to battle misuse of cryptocurrencies, narrow digital gaps

Reuters
By Andrea Shalal, David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on Wednesday warned about an “explosion of risk” from digital markets, including the misuse of cryptocurrencies, but said new financial technologies could also help fight crime and reduce inequality. FILE PHOTO: Former Federal Reserve Chairman Janet Yellen......

Bank of Canada accelerates work on digital currency amid pandemic

Reuters
FILE PHOTO: A sign is pictured outside the Bank of Canada building in Ottawa, Ontario, Canada, May 23, 2017. REUTERS/Chris Wattie/File Photo Feb 10 (Reuters) – The COVID-19 pandemic has added urgency to the Bank of Canada’s development of a digital currency and decision could come sooner than previously thought,......

Create a Digital Commonplace Book

New York Times
Creating a commonplace book is somewhat like marking your favorite lines in a novel with the Amazon Kindle highlights feature — except your personal one-stop knowledge repository can also include song lyrics, movie dialogue, poems, recipes, podcast transcripts, and any inspiring bits you find in your reading and listening. The......

China plans to hand out $1.5 million in a digital currency test during the Lunar New Year

CNBC
CNBC – For more and to sign up click here Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city......

Pandemic leads to increase in vision problems

CBS News
CBS News – For more and to sign up click here The pandemic has led to a dramatic increase in people’s average screen time usage. Doctors are now seeing more vision problems like dry eye, blurred vision and eye soreness. Dr. Christopher Starr, an ophthalmologist at Cornell Medicine, joins “CBS......

Chipotle shares fall 4% as surging digital orders ease from record pace, earnings fall short

CNBC
CNBC – For more and to sign up click here A customer wearing a protective mask enters a Chipotle Mexican Grill Inc. restaurant in San Francisco, California. . David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday reported that its same-store sales rose more than 5%......

India might ban private cryptocurrencies like bitcoin and develop a national digital coin

CNBC
CNBC – For more and to sign up click here Narendra Modi, India’s prime minister, speaks during the virtual United Nations General Assembly on Saturday, Sept. 26, 2020. Daniel Acker | Bloomberg | Getty Images India’s government plans to introduce a bill in the country’s lower house that would ban......

JPMorgan to launch UK consumer bank within months

Reuters
FILE PHOTO: A J.P. Morgan logo is seen in New York City, U.S., January 10, 2017. REUTERS/Stephanie Keith/File Photo LONDON (Reuters) – JPMorgan will launch its digital consumer bank in Britain under its Chase brand within months, the US banking giant said on Wednesday. The bank said the new business......

Germany’s Scholz congratulates Yellen, wants to tackle digital tax

Reuters
FILE PHOTO: German Finance Minister Olaf Scholz attends a news conference following talks with state leaders to discuss anti-coronavirus measures at the Chancellery in Berlin, Germany December 13, 2020. Bernd von Jutrczenka/Pool via REUTERS/File Photo BERLIN (Reuters) – German Finance Minister Olaf Scholz on Tuesday welcomed the U.S. Senate confirmation......

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