US Senators Offer Ban on Using Digital Yuan for USA Olympic Athletes
Three US Senators urged the US Olympic & Paralympic Committee (USOPC) to forbid American Olympic athletes from using China’s digital yuan during the Beijing Winter Olympics in 2022.
The Senators say digital yuan is entirely controlled, tracked and traced by China’s central bank. On a daily basis, this means that Chinese government will know the full details on users’ habits and daily purchase routines.
“The digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale, with the hopes that they will maintain digital yuan wallets on their smartphones and continue to use it upon return”,
the Senators warned.
The digital yuan project is already at the finish line in China. The country is rolling multiple test programs before it’s official launch before or during the Winter Olympic Games.
Flipsider:
Bank of America Plays in Bitcoin Futures Market
Last week Bank of America approved unannounced Bitcoin futures trading for several clients, reported anonymous insiders. The bank allows trades of Bitcoin futures contracts with US dollars, it will also support further trades via the biggest CME (Chicago Mercantile Exchange) futures trading platform, said the sources.
The second biggest banking institution in the United States, has been cautious on crypto until recently. Days ago it launched a cryptocurrency research team and positively stated on crypto value to developing economies.
Flipsider:
Cinema Time: Ethereum Documentary Starring Vitalik Buterin Raises $1.9M in Just Days
Despite predictions that YouToube would become the replacement for traditional TV, the documentary genre found its second wind with the growth in popularity of streaming services like Netflix (NASDAQ:NFLX).
Some independent creators launched a crowdfunding campaign for the creation of a new documentary about the Ethereum blockchain, called “Ethereum: The Infinite Garden.” The goal of 750 ETH was surpassed in three days and the total amount reached 1,035.96 ETH worth $1.9 million later on Friday. So far, 662 people have supported the project.
The premiere will happen in winter 2023, and the film will feature VItalik Buterin, the creator of Ethereum. Also, the creators dropped a series of Infinite Garden NFTs for the sake of project promotion.
Flipsider:
Jack Dorsey, Elon Musk, and Cathie Wood Approved Their Appearance at the Bitcoin Conference Tomorrow
“The ₿ Word,” a Bitcoin-centred conference will take place tomorrow, July 21 at 9:00 am PDT, (12:00 pm EST). As it was announced previously, the anticipated debate between Jack Dorsey and Elon Musk is scheduled to go ahead; Cathie Wood, the CEO of Ark Invest will also join them. The other announced speakers are the main people of such projects as Square Crypto, OKCoin, Chainalysis, MIT Digital Currency Initiative, Blockstream, and others.
Flipsider:
NFT News: Polygon Studio Launched, Fireworks NFT, Justin Sun
The project commissioned by Shanghai Bund Art Museum lasted 48 hours. The artworks will be on view from July 14–August 14, 2021, at TR Lab (trlab.com), a platform partnering with RAM in the discovery of NFT art from the world’s leading artists.
Flipsider:
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Source: Cryptocurrency - investing.com
