Japan tests Digital Yen to OKEx's withdrawal reopens, Read Today's Top 5 Crypto News
1) Japan is ready to test Digital Yen.
Megabanks in Japan have come together to experiment with Digital Yen. Japan has taken the time to adopt cashless payment methods as compared to the US where 53% of payment is settled in cash whereas in china it's 30%. Even though banks like Mitsubishi UFJ Financial Group, Mizuho Financial Group, and Sumitomo Mitsui Financial Group have developed a digital payment system but they not able to overtake cash. Hiromi Yamaoka, a former executive at Bank of Japan said
Japan has many digital platforms, none of which are big enough to beat cash payments. [...] What we want to do is to create a framework that can make various platforms mutually compatible.
2) 73% of millionaires are Bullish towards cryptocurrencies.
Recently DeVere Group, a financial advisory organization surveyed 700 high-net-worth individuals from the United States, the United Kingdom, Asia, Africa, the Middle East, Australia, and Latin America. Nigel Green, founder and CEO at DeVere Group concluded from the survey that
As the survey shows, this impressive performance is drawing the attention of wealthy investors who increasingly understand that digital currencies are the future of money and they don’t want to be left in the past.
3) VMware enterprise-focused Blockchain is now available for commercial use.
VMware, Major cloud computing and virtual machine firm has launched its own blockchain platform. The blockchain is now available for commercial use as it has been tested by the Australian Stock Exchange. Broadridge Financial Solutions, an International fintech firm is using VMware blockchain to develop its blockchain-based solution.
4) Oasis Network has completed its mainnet launch.
Oasis Network has completed its mainnet launch which will provide under-collateralized loans in DeFi. Oasis Labs announced that it encrypts data to be processed by the network’s nodes to ensure the privacy of a wide range of processes like credit history checks and genetic research. It was also announced
The Oasis Network can support a new breed of privacy-preserving applications that respect a user’s data preferences by design and ensure each individual is fairly compensated for their data. They can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.
5) OKEx is ready to lift the withdrawal freeze.
OKEx announced that it will start its withdrawal service before or on 27 November 2020. Before reopening the services there will be strict security checks by the OKEx team. Once the withdrawal services are active users can withdraw 100% of their funds. This exchange will provide a user loyalty reward program. The program’s details will be soon announced by Exchange.