The Chinese government announced last Thursday that it will be ramping up efforts to promote the research and development (R&D) of blockchain technology and make it a core focus for innovative endeavors in the future.
Chinese president Xi Jinping said Beijing will increase investment in blockchain technology. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses.
Following Xi’s conclusive remarks, most of the Chinese based cryptocurrencies had a massive price spike such as TomoChain that gained 27% , WaltonChain gained 24%, Tron 18% and Qtum 12% in the last 24 hours.
Due to the potential economic and social benefits that China could see through the adoption of blockchain, most likey USA and Europe will follow .
Paris, France – French police arrested several suspects this week tied to disturbing May… Read More
PayPal just announced big plans for its stablecoin. The company wants to bring PayPal USD… Read More
Binance, the world's largest cryptocurrency exchange has announced its plans to delist and pause trading… Read More
LocalMonero, the peer-to-peer exchange platform for the privacy-focused cryptocurrency Monero (XMR), will be shutting down… Read More
The major telecom company Vodafone has unveiled an ambitious plan to integrate cryptocurrency wallets directly… Read More
In the world of cybersecurity, claims of data breaches can cause significant concern and speculation.… Read More