China is forging ahead with national crypto project: leaked screenshots
BTC $6720 (-2%) • ETH $155 (-1.7%) • XRP $0.18 (-0.9%)
If you’ve been in the Bitcoin market for any period of time, you likely know that China has long been a hub for crypto assets as a whole.
Yes, the trading of BTC and other cryptocurrencies is vehemently banned and restricted, but the Beijing government has continued to maintain heavy involvement in the broader space, accentuated by a booming Bitcoin mining scene and Chairman Xi Jinping’s blockchain efforts.
Just today, local reports revealed that the Agricultural Bank of China — one of the nation’s biggest commercial banks, which is coincidentally state-owned — has begun to test a national digital currency project.
More news ⏬
Data shows retail demand for Bitcoin is rapidly mounting, even after 100% rally
Even after the recent tepid price action Bitcoin remains 86 percent above its $3,700 lows set in March’s “Black Thursday” crash.
Analyst: Using model predicting $100,000 Bitcoin to cause FOMO is “irresponsible”
Few in the Bitcoin industry have not heard of PlanB. The pseudonymous analyst, who works at a European institution managing a multi-billion-dollar balance sheet but moonlights as Bitcoin analyst, has garnered tens of thousands of followers and presumably millions of views of his articles and tweets.
Bitcoin’s network growth is declining; here’s what it means for the bulls
Investors are growing more optimistic about the coronavirus outlook and this can be seen in the rise of the U.S. stock market.
These Q2 Ethereum trends could have heavy influence over its mid-term outlook
Ethereum has seen mixed price action throughout 2020, with the cryptocurrency first incurring a parabolic uptrend in early-February that led it to highs of $290, before it lost its momentum and reeled all the way down into the sub-$100 region in mid-March.
What else?
🌱 Atomic Loans raises $2.45m to build a decentralized finance marketplace for Bitcoin
📈 The Fed pumping the stock market might help Bitcoin, but not for the reason you expect
⚛️ This billionaire investor believes Bitcoin has become a “macro weapon”
Featured event
🗓 April 16-17 • Virtual Event
This spring the crypto community will head online to participate in the first-ever BlockDown 2020 remote crypto conference and hear from visionary blockchain entrepreneurs and business leaders, including global music artist Akon, Co-Founder & Chairman of Akoin, Roger Ver, Executive Chairman of Bitcoin.com, and Bitcoin Educator Jimmy Song. Learn more
Crypto market data
For more pertinent market data, please see:
Connect with us
Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.