Daily Archives: 05/10/2021

Hong Kong Monetary Authority published the e-HKD White Paper

The Hong Kong Monetary Authority (HKMA) today published a 50-page White Paper describing the potential of the digital Hong Kong dollar – e-HKD. According to the document, the main goal of the project is to create a two-tier system. At the first level, the central bank, it will issue and repurchase the digital currency of the Central Bank. The second is aimed at retail. Commercial banks will be able to use e-money backed by rCBDC…

Marathon Digital received a $ 100 million loan from Silvergate Bank

The revolving line of credit from Silvergate Bank will be available to the mining company Marathon Digital for a year, and then will be renewed by agreement of the parties. Marathon Digital announced that it is using the loan to buy equipment to mine Bitcoin and finance mining operations. The company also expressed hope that Silvergate Bank will renew the loan annually. Marathon Digital CEO Fred Thiele said the company will be able to increase…