#CryptoCorner Episode 442: #Crypto Firm Bluesky (CSE: $BTC.C) Announces Crypto Valley Association Membership, and China’s #DigitalCurrency Being Tested on Small Transactions

#CryptoCorner Episode 442: #Crypto Firm Bluesky (CSE: $BTC.C) Announces Crypto Valley Association Membership, and China’s #DigitalCurrency Being Tested on Small Transactions


Point Roberts, WA, Delta BC August 24, 2020 - Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.


Listen to today’s Crypto Corner Podcast:   https://www.investorideas.com/Audio/Podcasts/2020/082420-CryptoMarket.mp3


Read this in full at https://www.investorideas.com/news/2020/crypto-corner/08241Bluesky-China.asp


Get the Crypto Corner Podcast on iTunes

Get the Crypto corner on Spotify


Stocks discussed: (CSE:BTC) (NasdaqGS:FB)


Crypto mining firm Bluesky Digital Assets Corp. (CSE:BTC) has announced its membership in the Crypto Valley Association (CVA). The Swiss-based CVA is described as “an independent, government-supported organization,” whose “mission is to build the world's leading ecosystem for blockchain and cryptographic technologies.” Bluesky's CEO Ben Gelfand commented:


"We wanted to be part of one of the world leading blockchain ecosystems that welcomes individuals, small and large companies from all over the world who are interested in the long term global economic and transformational benefits coming from blockchain and cryptographic technology innovation."


A report published today by the Bank for International Settlements (BIS), titled: Rise of the central bank digital currencies: drivers, approaches and technologies, indicates a rapid increase in public interest in CBDCs in 2020. The report presents data from Google, which shows that the amount of internet searches for CBDCs rocketed ahead of Bitcoin this year. A trend observed in the report, the decline in the use of cash, is cited as a possible driver in CBDC interest. An excerpt notes the impact of Facebook’s (NasdaqGS:FB) Libra project:


A tipping point was the announcement of Facebook’s Libra and the ensuing public sector response. As of late 2019, central banks representing a fifth of the world’s population reported that they were likely to issue CBDCs very soon.


Another factor the report cites is the COVID-19 pandemic:


During the Covid-19 pandemic, social distancing measures, public concerns that cash may transmit the Covid-19 virus and new government-to -person payment schemes have further sped up the shift toward digital payments, and may give a further impetus to CBDC.


On the subject of CBDCs, the Global Times reports that the People’s Bank of China’s (PBoC) digital currency is being tested “on small retail transactions.” This clarification comes after rumours had spread of “a housing transaction” that leveraged China's Digital Currency Electronic Payment (DCEP). Wang Peng, assistant professor of the Gaoling School of Artificial Intelligence at the Renmin University told the Global Times:


"At its current stage, the test's primary goal is to ensure the digital currency's operation runs smoothly and safe, and to determine how DCEP is distributed from the central bank to financial institutions. Only when trials in retailing are successful will they be carried out in large transaction scenarios.”


Sam Mowers, Investorideas


For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory


About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .


The Crypto Corner is part of the Investor Ideas Membership content


The Investorideas.com podcasts are also available on iTunes,  Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.


Visit the Podcast page at Investorideas.com: https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp


Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.


Copyright and ownership: Crypto Corner is an Investorideas.com content brand


Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Download our Mobile App for iPhone and Android  


Join our Investor Club https://www.investorideas.com/membership/


Contact Investorideas.com




Get more Bitcoin and Blockchain Investor ideas  – news, articles, podcasts and stock directories