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.
According to a report from local news source ZDNet, Nanjing, the main city of Jiangsu province, has created an investment fund to promote blockchain technology and the cryptocurrency economy.
Ethereum developers are proposing to reduce the block reward from 3 to 2 ethers due to the delay in increasing the difficulty. Ethereum block confirmation times may soon increase due to a protocol rule that increases mining difficulty to incentivize work through proof of stake.
According to the CME Group report, trading in cryptocurrency derivatives is gaining momentum in the second quarter of 2018 and Bitcoin futures are confidently gaining a foothold in the crypto market.
Today, the altcoin market will continue to consolidate in the area of average prices. In the first half of the week, growth to new target levels is possible
Last week, the developers announced the launch of a new test network, Raiden, for the Ethereum blockchain, the final stage of testing before the planned release of the version to the main network this summer.
Crypto exchange Coinbase, which is currently valued at $8 billion, has recently announced a couple of other positive developments. Some of them are the launch of a $20 billion hedge fund and the relaunch of advertising on Facebook.
The Korean company Shinil Group is going to issue a new token, which will be backed by gold found on a sunken Russian cruiser.
Last weekend the market consolidated near support levels. At the beginning of this week we expect movement along an upward trend towards the corresponding target levels
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