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Tencent and Ant Group Join Digital Yuan Test as Central Bank Seeks to Expand Its Influence

Participation in the digital yuan test will provide MyBank and WeBank with new opportunities.Tencent’s WeBank and Ant Group’s MyBank have reached a deal with Chinese regulators to pilot test the China digital yuan. The two join a list of six state-owned banks already enrolled to test the CBDC.China keeps pushing

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More institutional adoption as Marathon Patent Group purchases $150M in Bitcoin

Nevada-based crypto mining firm Marathon Patent Group has invested $150 million in Bitcoin as a reserve asset.Marathon announced today that it has purchased more than 4,812 Bitcoin (BTC) for $150 million through the New York Digital Investment Group — an average price of $31,168 per coin. CEO and chairman Merrick

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Huobi Global Connects to European Banking System via UK’s BCB Group

Regulated crypto payment services firm BCB Group has partnered with Huobi Global to help the Seychelles-based exchange giant connect its trading desks to the banking system in the U.K. and Europe.Announced Tuesday, customers of Huobi’s over-the-counter (OTC) platform will be able to settle transactions instantly in euros and pounds (GBP)

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