• China's flag and bitcoin
    Asia & Australia,  Cryptocurrencies,  Libra

    Chinese central banker says digital yuan coming soon

    The central bank-issued digital currency will not be on a traditional blockchain and will not disrupt the existing financial system, according to the People’s Bank of China official

    The People’s Bank of China (PBOC) Deputy Director Mu Changchun said the bank’s “digital currency can now be said to be ready” at the China Finance 40 Forum in Yichun this weekend, according to Shanghai Securities News.

  • news
    Asia & Australia,  Bitcoin,  Ethereum,  Media,  Tether

    Must-reads for August 22, 2018

    Here are the crypto stories you should be watching today

    Bitcoin just spiked by $300 in one minute when a big trading platform went offline (Business Insider) BitMEX went offline for a little bit so, of course, bitcoin prices rallied overnight. The exchange is now back online. In unrelated news, Tether granted $100 million of its “stable coin” tokens to its related exchange, Bitfinex.   Bets Against Bitcoin’s Price Are Nearing Record Highs (CoinDesk) Short orders on Bitcoin are just 1,200 or so away from their record, according to data from Bitfinex. That means a lot of people are particularly bearish. It’s also an opportunity for a short squeeze. Such a squeeze could occur if someone had access to unlimited…