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 | | | | | | 1. The People's Bank of China (PBoC) is reportedly one step closer to issuing its central bank digital currency (CBDC). According to "industry insiders," the central bank is said to have completed the development of the digital yuan's basic function, which is in collaboration with private organizations. Those in the know claim that the PBoC is drafting relevant laws to bring the coin into circulation. An anonymous source mentioned that Alipay, which is involved with the bank's CBDC, has recent patents focused on the basic function of a digital currency including circulation and payment. The insider said: Judging from the patents, the first step of technological development has been basically completed. In January, it was reported that the PBoC's digital currency was "progressing smoothly" and that the "top-level" design of it had been completed. -GLOBAL TIMES Further reading |  |     | | | FDIC video attracts crypto attention | The U.S. Federal Deposit Insurance Corporation wants the American public to keep their money in banks where it'll be "safe," particularly during the coronavirus pandemic. Subscribe to premium find out what the crypto community has to say. SUBSCRIBE NOW TO FIND OUT MORE  | | | | A MESSAGE FROM LINKEDIN LEARNING | | | Learn In-demand Technology Skills To Achieve Your Goals Stay on top of rapidly changing technology advancements with LinkedIn Learning online courses taught by real-world expert instructors. From certification preparation training to learning the fundamentals on topics such as Network Administration, Cloud Computing and more. Start Your Free Trial 
| | Swiss crypto bank Sygnum unveils stablecoin pegged to Swiss franc | | | Bitcoin can't do anything by just existing | Many people focus on statements such as "this is why Bitcoin" will change the world instead of "this is how Bitcoin will." Subscribe to find out what one person thinks needs to be done. SUBSCRIBE NOW TO FIND OUT MORE | | | | Fake YouTube account impersonates Ripple CEO | A fake YouTube account is impersonating Brad Garlinghouse with the promise of a significant airdrop. Subscribe to premium below to find out more. SUBSCRIBE NOW TO FIND OUT MORE | | | | Alipay to pay role in Chain's CBDC | Chinese payments platform Alipay is to play a significant role in China's central bank digital currency (CBDC). Subscribe to premium below to read the full story and find out the steps that have been taken so far. SUBSCRIBE NOW TO FIND OUT MORE | | | | 8. London-based Revolut has launched in the U.S. The company, which offers crypto, banking, and stock trading services through its app, made the announcement today. Users in the U.S. now have the option to send, receive, spend, and manage money via the app. According to the company, U.S. customers will be able to get their salary up to two days in advance via direct debit at no cost. Revolut added that these deposits are Federal Deposit Insurance Corporation (FDIC) insured up to a value of $250,000. Revolut's app has been in beta in the U.S. since June 2019 and is said to have 60,000 beta testers. -REVOLUT |  | | | | | This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Edited by Beth Duckett, staff writer at Inside. | | | | | | | |
