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.
Facebook is joining Apple and Google in coming after Citibank and Chase
The social media giant’s Libra cryptocurrency is about a lot more than just payments
The tech giants are coming for the banks. If there’s one message to be taken out of Facebook’s aggressive push into blockchain-based payments via its new cryptocurrency, libra, it’s that Facebook is now also a FinTech company.
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…
