It has been a wild ride for Bitcoin prices as bulls and bears jostle with each other for dominance but it seems the bulls are regaining its upper hand as United States-China trade war persist and is widely seen as the main catalyst for price fluctuations.
It an act wins seems to add fuel to the fire the People’s Bank of China (PBoC) has announced its intent of launching its own national digital currency ahead of the U.S. and Facebook’s Libra project.
The video conference reveals that China's central bank its intention of accelerating its development of its own digital currency and confirms plans to allocate more resources to the implementation of this task.
According to senior PBoC representatives the turbulence caused by the Chinese-American Trade war and the negative implications of it will last for a long time and under these circumstances they need to monitor the development of digital assets since it brings both risks and opportunities.
Headlines for the world of Cryptocurrencies - August 09, 2019
- Binance U.S. Plans To List 30 Digital Assets
- BitGo Expanding Japanese Presence
- Chinese Crypto Wallet Provider ImToken Provides Insight On Local Crypto Market
- New York Bank Embraces Cryptocurrencies
- IDC Reports $16 Billion Spending On Blockchain By 2023
Headlines for the world of Cryptocurrencies - August 08, 2019
- New Tax Bill Seeks To Seek Crypto Tax Breaks
- Walmart May Face Lesser Resistance From Regulators
- Coinone Improves Its Safety Measures
- SBI’s New Tech Will Help Them Meet FATF Standards
- Amazon To Put Ads Data On A Distributed Ledger Technology
Headlines for the world of Cryptocurrencies - August 07, 2019
- Former Web3 Foundation Director Pursuing Dao Projects
- Consultancy Firm Go Bullish On Bitcoin
- Bitpoint Restarting Trading Services
- Seoul To Roll Out Crypto-Based Rewards System Soon
- Blockchain-Encrypted Wine Bottles Soon To Be Released By Winemaker
