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.
The Binance exchange announced the distribution of coins received as a result of the Bitcoin Cash hard fork, which took place yesterday. The Binance team notified platform users that the recalculation will be carried out on a one-to-one basis. BCHABC or BCHSV coins will be awarded for each Bitcoin Cash coin, based on the account balance as of 16:40 on November 15, 2018. Bidding will begin on November 16 at 8:00 am.
As IT technologies develop, the Prosecutor General's Office of Ukraine faces new challenges. Now she has to confront illegal actions related to the world of digital payment systems and cryptocurrencies.
Yesterday, in just an hour, the price of Bitcoin fell by $800. The coin is currently trading at $5,590 for the first time since the October 2017 run. Investors suffer significant losses. For better or worse, the cryptocurrency market tends to follow Bitcoin's lead, especially on dips. Thus, Ethereum fell by 15%, while XRP and BTC fell by 13% and 12%, respectively. Even the cute dog-themed Dogecoin currency is falling in value.
On the eve of the weekend, trading volumes will gradually fade and altcoins will consolidate in a sideways range, near the nearest support levels
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
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