In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Over the past 24 hours, the price of Bitcoin Cash has increased by 20% as a result of Bitmain's initial public offering (IPO). The rest of the cryptocurrency market remained relatively stable in the low price range. The cryptocurrency market valuation remained in the range of $114 to $115 billion, while the price of Bitcoin and ETH rose by 0.5%.
According to Reuters, Swiss startup SEBA Crypto AG has raised 100 million francs ($103 million) to create a bank offering cryptocurrency services.
Cryptocurrency wallet Coinomi has canceled the listing of NLG tokens issued by startup Gulden after the company updated software that allegedly stopped some Coinomi servers from working.
Hedgie (Hedgehogs) is the name of the game that has just launched its pre-sale version. Hobbyists can now play Hedgie, a new Ethereum-based game for crypto collectors.
The list of crypto companies that support Litecoin (LTC) debit cards is updated by Bitnovo. Litecoin will support its encryption-based debit card called BitCard. Decentralized technology eliminates the need for banks. In addition, consumers will be able to use the card to make immediate payments or receive euros.
Ripple moved Ethereum to third place in the ranking of cryptocurrencies with the largest capitalization and moved to second. The coin has surged more than 100% this month as investors believe banks and service providers will soon default to it when making cross-border payments.
Despite the short-term increase in volatility of BCH and EOS, the general sideways trend of altcoins still remains
Although in 2018, ICOs raised twice as much as in the previous year, this fundraising mechanism is beginning to lose popularity. According to Diar, 70% of the tokens offered through the public offering are worth less than their original price.
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