The recent Bitcoin’s remarkable rally is a result of booming institutional interest in cryptocurrency as investors are looking for alternative asset classes when stock market is in turmoil and the global economy is on edge.
However institutional investors are not only the reason of the amazing bitcoin run.
While the Chinese government is consistent on its hostile stance against cryptocurrencies the Chinese people are counting on bitcoin at a time when the yuan is crumbling under the presence of the trade war.
Traders confirm that despite stringent measures in place to prevent crypto trading in the country Chinese people are moving money out of China and Hong Kong into crypto using over-the-counter dealers and peer-to-peer exchanges such as LocalBitcoins.
Headlines for the world of Cryptocurrencies - May 16, 2019
It Is Time For Bitcoin ETF According To Sec Commissioner / Samsung To Support Ethereum In Other Galaxy Phone Models / Xapo Is Getting Acquired By Coinbase / Microsoft Going Strong For Blockchain / Brave Seeking Additional Capitalization In Series A Equity RoundHeadlines for the world of Cryptocurrencies - May 15, 2019
Coinbase’s USDC Now Available On 85 Countries / European Blockchain Institute Announced In Germany / Charlie Lee Auctions Out Physical Litecoin Collectibles / Two Fomer Coinbase Compliance Manager Hired By Facebook / R3 Corda Attracts Three French Banks For Its Blockchain-Based Loan PlatformHeadlines for the world of Cryptocurrencies - May 14, 2019
Hyperledger Launches Blockchain-Based Identity Management Toolkit / Polymath Has Partnered With Cardano (ADA) Founder Charles Hoskinson / EBay Might Finally Be Accepting Cryptocurrencies / Crypto Investor Won $75 Million From Hacking Lawsuit / Bakkt Acquires Custody License In An Effort To Quell CFTC Concerns
