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🚀 China's CBDC To Be Used In McDonald's? 🍔
🚀 China's CBDC To Be Used In McDonald's? 🍔
| Don't miss out on the juiciest news in the crypto space! Stay in the loop to ensure that you receive our latest newsletters, right in your inbox! | | Are you ready for Alt Season, Geckos? According to sources cited by the Financial Times, China has instructed fast-food chain McDonald's to expand a trial of its digital yuan payments system before the Beijing Winter Olympics begin.
The country's central bank digital currency (CBDC), also known as the digital yuan, e-CNY, e-RMB, e-renminbi, and DCEP, is currently being tested ahead of a full-scale debut scheduled for February 2022.
Digital yuan wallets are now being trialed as a form of payment in 270 McDonald's locations in Shanghai as part of a pilot program.
In today's news, Pimco considers trading cryptocurrencies, Animoca Brands hits $2.2B valuation, and the Flow blockchain gradually decentralizes.
Read on! | | | Alternative chains step up to the plate!Our Q3 2021 Quarterly Cryptocurrency Report is now out!
Solana (SOL) and Avalanche (AVAX) have managed to attract large amounts of liquidity in Q3 2021. The two protocols managed to end the quarter with a 6% and 2% TVL dominance respectively.
Binance Smart Chain (BNB) maintained its TVL dominance of 11%, though it has yet to recover its peak of 20% from May 2021. Meanwhile, Terra (LUNA) saw its protocol dominance rise to 5%, even though it only has a few major projects like Mirror (MIR) and Anchor (ANC). Ethereum (ETH), meanwhile, is maintaining its TVL dominance, even as TVL across all platforms has grown significantly.
Learn more about the state of the crypto market through our Q3 2021 Report. | | |
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| Animoca Brands Doubles Valuation Animoca Brands, an NFT-game and virtual property developer, has increased its valuation to $2.2 billion after raising $65 million in a fresh investment round.
The funding round was completed at a pre-money valuation of $2.2 billion, headed by gaming titans Ubisoft Entertainment with participation from Liberty City Ventures, Sequoia China, and Dragonfly Capital.
According to the firm, more than 43.8 million newly issued shares will be given to investors for AUD $2 per share, or USD $1.51. Cointelegraph | | Flow's Getting More Decentralized According to a Dapper Labs representative, the Flow (FLOW) blockchain is now "fully open and controlled by the community." according to a Dapper Labs representative.
The company claims to be running less than one-third of the active consensus nodes that keep the proof-of-stake network running and that external Flow validators are maintaining 68% of the nodes.
"That's enabling a lot more participation in the network for community members, and also is a really important security metric to showcase that the network is run by the community," Flow product manager Layne LaFrance said.
Decrypt | | Investment Management Giant Embraces Crypto Pimco, a $2 trillion investment management company, may start trading spot cryptocurrencies, according to the firm's chief investment officer Daniel Ivascyn.
Ivascyn also stated that the firm is interested in decentralized finance (DeFi), describing it as "disruptive."
As a result, Pimco wants to guarantee that it is competitively prepared to cope with this quickly changing environment that presents a major value proposition, particularly to younger generations. TheBlockCrypto |
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