Binance Venus Aims to Outshine Libra and Chinese National Crypto?

Binance launched its own stablecoin project, but faces stiff competition from Libra and the Chinese government in its quest… Within the past 12 months, stablecoins have transformed from a niche idea to tackle the issues of a volatile market into methods of payment championed by some of the world’s biggest and most powerful tech companies.  […]

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What’s Driving Up Bitcoin Price? Central Banks, Says FT Reporter

The Financial Times’ chief correspondent for international finance has argued that central banks can ironically be credited for boosting Bitcoin’s price. The Financial Times’ chief correspondent for international finance has argued that central banks can ironically be credited for igniting Bitcoin’s price. In a column for Nikkei Asian Review on Aug. 21, Henry Sender said […]

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Huobi Wallet to Support MakerDAO Tokens, Decentralized Applications

Huobi Wallet has added MakerDAO’s various offerings to its list of supported assets and services. Major cryptocurrency exchange Huobi has added support for MakerDAO tokens and decentralized apps (DApps) in its wallet.  Huobi Group shared the announcement with Cointelegraph on Aug. 19. MakerDAO has a stablecoin called Dai, a token named MKR, and applications including […]

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China: Shenzhen Special Economic Zone to Include Digital Currency Research

China’s Shenzhen Special Economic Zone will now support the research and promotion of digital funds and the national cryptocurrency based on the renminbi. On Aug. 18, the Central Committee of the Communist Party of China outlined the plans for the future development of the Shenzhen Special Economic Zone, including the research and promotion of digital […]

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Bitcoin Drops to $10,000 in Recent Downtrend

Bitcoin has fallen to $10,000, the latest low in an ongoing slump this week. Despite exceeding $12,000 several times this month, Bitcoin (BTC) has slumped back to $10,000 in a recent downtrend. The number one cryptocurrency last traded below $10,000 on July 31. A little earlier this month, experts were optimistic about Bitcoin continuing its […]

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