Blockchain Daily Digest – January 13th, 2020

1.   Central Banks Race to Adopt Fiat-Backed Cryptocurrencies

Central banks are scrambling to react to the rise of cryptocurrencies. The new form of money appears to test the powers of central banks.

2.   EY: How Blockchain Revolutionizes Tax Operations for Businesses in 2 Ways

Following Part 1 of the interview, we looked at Ernst & Young’s perspective on how blockchain can be an effective tool for huge tax savings.

3.   Chinese Telecom Giants Cite Blockchain as the Enabler for the Roll Out of 5G

According to a report from the BBC in November 2019, China continues its push for global supremacy in technology. State-owned telecom giants - China Mobile, China Unicom and China Telecom now sees the emergence of Blockchain and other digital technologies as the crux to allow China to lead the market. 

4.   JPMorgan Reveals Market is Highly Anticipating the Launch of CME Bitcoin Options

According to JPMorgan Chase & Co, Institutional interest in Bitcoin-related contracts appears to be building and they believe the market is in high anticipation of the CME Group Inc. options which are to be launched on Jan. 13.

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