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.
In today's review, as always, we summarize the results of the outgoing week and analyze the overall price dynamics
According to Bloomberg, on November 14, 2018, after maintaining a stable level for a long time, Bitcoin fell to $5,202. The value of other tokens also fell. However, according to Reddit creator Alexis Ohanian, the fall in the price of cryptocurrency is a necessary step for the further development of the area.
This week, the Dash platform ran a stress test to see how many transactions the network could handle in 24 hours. The stress test was performed by Delta Engine, the company behind the popular MyDashWallet wallet.
Binance, the world's second-ranked crypto exchange, has once again warned its Iranian users to withdraw all their funds as the platform is forced to comply with US sanctions.
By the weekend, the excitement around the fall of the crypto market gradually subsides, which gives prices the opportunity to consolidate near the nearest support levels
Computer chip maker Nvidia said falling bitcoin prices have caused demand for its products to decline.
The Polish government recently amended its income tax law, which was approved by President Andrzej Duda. The updated law, which now includes provisions for cryptocurrencies, will come into force on January 1, 2019.
Cardano price fell significantly and was trading below the support levels at $0.0700 and $0.065. The bearish run of ADA/USD to the 1.5 mark continues. Over the past week, the price of TRX fell by 17%.
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