The prolonged socio-political unrest in Hong Kong seems to have triggered demand for Bitcoin (BTC) as Hong Kong traders are seemingly paying a premium on their trades which has been reported to be on average around $300 or more on BTC.
The 2% premium seems to have been triggered been triggered by the high demand for the world’s number 1 digital asset by market capitalization , Bitcoin as well as other cryptocurrency assets.
The current situation in the country is now entering its 10th week no which is marked by protesting and mass demonstration which was a result of a proposed bill that would allow for extradition of Hong Kong residents to mainland China, a bill that is widely viewed as a violation of their autonomy.
Throughout the years, Bitcoin has become a political tool demonstrate distaste against government authorities as well as increasingly becoming a safe haven asset that is not affected by socio-political uncertainties.
Headlines for the world of Cryptocurrencies - August 13, 2019
- Caspian Crypto Platform Partners With Binance
- Metro Talks About Bitcoin
- Samsung Adds Bitcoin Support On Its Blockchain Post
- Crypto Regulatory Clarity In U.K.
- New Zealand Tax Authority Release New Bitcoin Guidelines
Headlines for the world of Cryptocurrencies - August 12, 2019
- Implications Of Trump’s Trade War With China On Bitcoin
- Kakao Allows A Sneak Peek On Forthcoming Crypto Wallet
- Indian Telecom Operator Building Blockchain Network For 330 Million Customers
- China Soon To Release Digital Currency
- Job Offering From The US Department Of Commerce
Headlines for the world of Cryptocurrencies - August 11, 2019
- Digital Yuan Development Accelerated
- Ripple To Leverage Its Advantages According To CEO
- India Will Soon Introduce Crypto Bill On Next Parliament Session
- New Jersey To Have Its Own Blockchain Task Force
- Holdings Company In South Korea Using Ripple Fork For Donations
