Blockstream Chief Strategy Officer, Samson Mow, has recently revealed that a Chinese bank have published an article explaining how bitcoin works and the reasons why it keeps gaining value.

Bank of China shows how Bitcoin came into existence using an infographic detailing its development beginning with the release of its whitepaper in November 2008.

According to their article while the whitepaper was released late 2008 the first Bitcoins were mined early 2009 which is widely known as the genesis block.

The article goes on to explain why it has been growing in value, stating that it is directly related to its limited and fixed supply of 21 million as well has an increasing utility as store of value.

The article is an interesting piece of news given the harsh regulatory environment of cryptocurrencies in the county which has restricted all types of activities relating to the burgeoning asset class.

Headlines for the world of Cryptocurrencies - July 27, 2019

• European Central Bank Moves May Serve As Rocket Fuel For Bitcoin
• Bulk Crypto Orders Now Supported In Binance
• Monex Group To Join Libra Association
• Largest Department Store In Venezuela Now Accepts Petro
• The Next Frontier For Cryptocurrencies

Headlines for the world of Cryptocurrencies - July 26, 2019

• 40% Of Americans Wants To Invest In Crypto
• What It Takes For Mass Adoption Of Crypto
• Bitcoin Becoming A Safe Haven Asset
• U.S. SEC Approves Of Tokens Founded By 8th Grader
• Croatian Post Embracing Crypto

Headlines for the world of Cryptocurrencies - July 25, 2019

• Pantera CEO Predicts $356,000 Price Of BTC
• CME Bitcoin Futures Predicting Bearish Trend?
• Newegg Now Supports Crypto Payments
• U.S. Regulators Now Ready To Examine Crypto And Blockchain Regulatory Frameworks
• Trust Wallet Integrates With Kyber Network