Digital yuan: what is it and how does it work?

China’s answer to the cryptocurrency challenge, the e-CNY central bank digital currency, is set for rapid take-off on its expected launch in 2022. Deutsche Bank’s research team examines the digital currency in detail and provides answers to common questions about e-CNY. What is e-CNY? The e-CNY, or digital yuan, is a centralized, cash-like digital currency that is expected to be primarily used for retail payments in China. The People’s Bank of China (PBOC), the central bank, and e-CNY operating institutions have conducted large scale e-CNY pilot programs in multiple cities…

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Ethereum Makes Notable Gains during Monday’s Marketwide Recovery

Ethereum leads the crypto market recovery - The Cryptonomist

  Ethereum posted the highest gain among the top six cryptos during Monday’s marketwide recovery, grabbing more than 12%, taking its price to $286.18 and its market capitalization to more than $27 billion, according to This rally comes as Ethereum prepares to begin deploying its Metropolis protocol upgrade.   Source:     Ethereum’s gain was the highest among the top 10 except for seventh place NEM, which gained 13.36%, eighth place IOTA, gaining 17.14% and tenth place Ethereum Classic, which rose 13.96%. Ethereum’s pricing activity continues a rollercoaster…

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Scientists have developed a ‘GPS’ system that can track inside the human body

Tumour: New wireless, 'in-body GPS' system can track tumours - The Economic  Times

If you want to find a restaurant, Google Maps does a pretty good job.  Using the Global Positioning System satellites in orbit around the Earth, Google can pinpoint the restaurant’s location, tell you how far away from the restaurant you are and how long it will take you to get there. Now apply that philosophy to the human body. In diseases such as cancer, you might want to find a tumor — but you can’t use a GPS to do that. Until now. Researchers at MIT’s Computer Science and Artificial…

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App Install Ads Could Be The Growing Cash Calf Of Facebook’s Earnings

Facebook New App Install Ad

How do you get hundreds of millions of people to consider downloading your app? One of the only answers is Facebook’s app install ads. With the app stores overrun and every company going mobile, app install ads are Facebook’s big chance to monetize mobile. Companies like 1-800-Flowers and Poshmark say the ads are already a hit, and I think they could be the star of Facebook’s earnings tomorrow. Putting Needles Atop The Haystack If you’re unfamiliar, Facebook launched app install ads in October 2012 to let developers pay to promote…

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Facebook’s Asia team moves to gigantic new headquarters in Singapore

Facebook to build $1bn multi-story data center in Singapore - DCD

Facebook has big plans to grow in the Asia Pacific region. On Tuesday, the social media giant celebrated its move to a new, bigger space in Singapore, which will serve as Facebook’s regional headquarters, it announced in a press release. Moving from its previous home in South Beach Tower, Facebook now has 260,000 square feet across four levels in its new Marina One digs. Facebook’s Singapore and regional teams, consisting of about 1,000 people, will be housed in the space, which can hold up to 3,000 workstations, Facebook’s vice president of Asia…

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Giftgaming Gives You Power-Ups In Exchange For…Giving You Real-World Discounts

Giftgaming Feature

  Giftgaming is a win-win-win that helps you win. Advertisers get exposure, developers get paid, and you get free virtual goods in mobile games plus coupons for discounts on meatspace purchases. Today, Giftgaming launched its service onstage at the TechCrunch Disrupt Europe in London. When you’re playing a mobile game like Fluid Football, you’ll be able to tap a Giftgaming icon for a free power-up with the option to add a coupon for 10 percent off headphones from Bass Buds to your Passbook. Just 1.35 percent of mobile gamers buy…

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China’s richest man worth £24.4billion says employees should work 12-hour days, 6 days a week

CHINA’S richest man worth £24.4billion says employees should work 12-hour days, 6 days a week. Alibaba founder and executive chairman Jack Ma was passionately defending the gruelling hours that have become the norm in the country’s tech and internet industry. The 996 routine refers to working 9am to 9pm, 6 days a week. Speaking at an internal event on Thursday, Ma described the schedule as a “huge blessing that many companies and employees do not have the opportunity to have”. “If you do not do 996 when you are young,…

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Ceros raises $14M for its interactive content platform

Ceros studio

Ceros allows marketers to create animated, interactive content — but don’t call it a content marketing company. “We think content is just a dry, bland, over-leveraged, oversaturated space,” said founder and CEO Simon Berg. “The goal is not to hack the system, the goal is to make a great experience for your customers.” That’s why he describes Ceros as a platform for creating experiences. The company is focused on powering beautiful, well-designed graphics and web pages, instead of blog posts or white papers that mostly exist to snare search traffic. Ceros…

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Fort Smith sales tax revenue up more than 15% through July report

  Fort Smith’s sales tax revenue had another strong month with revenue 9% higher than this time last year. The city’s share of the Sebastian County sales tax brought $1.79 million to the city’s coffers in July, 9.77% higher than the $1.63 million in July 2020, according the city’s July’s sales tax report. Numbers in July’s report reflect June transactions. In the 2021 budget, the city budgeted $1.63 million, the same amount the sales tax generated in June 2020, so the revenue is up 9.77% from the budget. In the…

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NEM Price Rebounds to Two-Month High Following Coincheck Relisting

The Rise And Rise of Bitcoin – First Impressions – Preasenty

  The price of NEM tokens (XEM) has risen some since Japanese exchange Coincheck announced that it would once again allow trading of the token, which was suspended after a hack at the exchange led to a more than half-billion dollars in tokens being stolen and systematically laundered through other exchanges.   The XEM price started picking up momentum just before the announcement. It presently sits at almost 12 cents per token with a market capitalization of nearly $1 billion, a far cry from its January high (which had built…

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