After weeks of sitting in the US$700-$800 range, on 6 January the value of digital currency Bitcoin moved back over US$1,000 on Tokyo-based exchange Mt.Gox, after an announcement by Zynga. The social gaming giant revealed that it would begin accepting payments via Bitcoin, sending the virtual currency soaring to a high of US$1,093.
Recognising Bitcoin’s popularity around the world, Zynga teamed up with Bitcoin payment processor BitPay to test Bitcoin payment for certain web games, the company explained in
a Reddit post
Players will be able to use Bitcoin to make in-game purchases in games such as FarmVille 2, CastleVille, Hidden Chronicles and CityVille.
Bitcoin first topped US$1,000 in late November, and last month hit an all-time high of US$1,238 on 4 December. However a series of actions by the People’s Bank of China (PBOC) sent its value plummeting. On 5 December, the Chinese central bank restricted banks from using Bitcoin in transactions, declaring that it is not a true currency.
Subsequently, on 18 December,
the PBOC blocked China’s Bitcoin exchanges
from accepting new inflows of cash. Bitcoin sank to as low as $455 at the time, although it has since recovered.
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.