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.
Saudi Arabia's Ministry of Communications and Information Technology (MCIT) recently held a joint "blockchain bootcamp" with cryptocurrency development studio ConsenSys as part of the kingdom's program to support technological development. According to the ministry, the bootcamp is part of the ministerial program to train national personnel to develop future crypto technologies.
American Ryan Coffey filed a lawsuit against Ripple in San Francisco County Superior Court, seeking damages from Ripple “on behalf of all investors.” Coffey argues that the company's actively promoted XRP token is an unregistered security that is being illegally offered to investors.
Instagram users will be able to make purchases without leaving their account thanks to a new built-in payments feature. The company hopes that this feature will encourage users to make more impulse purchases.
Negative sentiment in the market has affected almost all altcoins. EOS tokens “waited out” a strong price decline in a sideways range
Last week, the US Patent and Trademark Office reported that JP Morgan Chase had applied for a blockchain-related patent back in October last year. This is very strange for the bank that most criticized bitcoin and cryptocurrency. The product for which the bank receives a patent is called “a system for using distributed ledgers for network payments to calculate and coordinate financial transactions” and is a type of blockchain technology.
The Singapore company Tangem has released "smart money". “Bitcoin bills,” or so-called “smart bills,” are similar in appearance to a credit card. This is the first incarnation of digital currency in physical form.
Price changes, regulatory actions, new startups and other events of the past week.
Market sentiment has changed. The bears took the initiative without any significant negative fundamental events
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