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.
This week, serious discussions have centered around the future place of digital assets and blockchain technology in the global financial system. As part of the Singapore Fintech Festival, many recognized authorities in the field and representatives of regulatory structures shaping global financial policy expressed their opinions. Stanley Jung, chief technical officer of IBM Blockchain for Financial Services, also did not stand aside.
Institutional investors are entering the cryptocurrency market. Large traders monitor its global sentiment to know when to buy or sell.
Binance, one of the largest crypto exchanges, has announced the addition of USDC to its listing. Binance has opened deposits for USDC and is trading for USDC/BTC, and USD/BNB pairs will be available starting November 17th at 10:00 AM EST.
The crypto market, being an investment instrument, has become an integral part of the global financial system. It seems that negative trends in financial markets are increasingly influencing the young cryptocurrency market
Spanish telecommunications company Telefónica has agreed to collaborate with IBM and will use its blockchain platform to optimize its core network and business processes. The company intends to thus optimize the processes of recording data and information received from various sources.
The next few days will be filled with interesting news for people interested in Bitcoin Cash. Two factions have grouped themselves around development teams who have prepared an update that will make BitcoinABC and BitcoinSV incompatible with each other. BitcoinABC is the “main” BCH client and also has the support of the most prominent BCH developers and several exchanges, while BitcoinSV is controlled largely by nChain and Coingeek.
Messenger app developer Kik has decided to exit the Ethereum network as it develops its own cryptocurrency called Kin.
New data released by international trading and technology firm Susquehanna showed that Ethereum GPU mining profitability dropped to zero in November. Back in the summer of 2017, Ether miners received $150 per month.
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