Summary:
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China Bank Association launches a blockchain-powered platform for trade finance
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Satoshi Nakamoto has been named as one of the most powerful individuals in global finance for 2018
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Bitcoin trades a little below $4000
Major cryptocurrencies have begun today’s trading rather calmly. However it needs to be said that Bitcoin went up to around $3950 yesterday. The capitalization of the whole cryptocurrency market stands around the $138 billion handle while Bitcoin accounts for roughly 51.5% on Monday morning.
Bitcoin (BITCOIN on xStation5) increased to nearly $3950 yesterday, and it started today’s trading with slight rises. As a result, the cryptocurrency has struck a price level seen previously at the end of December. Source: xStation5
China launches blockchain-powered platform for trade finance
The Chinese self-regulatory organization, which also known as the China Bank Association (CBA), announced last week a new blockchain-powered platform for trade finance. Among over 10 banks which signed up for the new platform we could find such banking giants as HSBC (China), Bank of China, China Merchants Bank, Ping An Bank, and China Postal Savings Bank. Moreover, the Chinese organization informed also that it planned to involve other banks and agencies. Let us remind that the trade finance sector seems to be interested in using blockchain technology.
The second largest cryptocurrency has been moving flat in recent days. Ethereum (ETHEREUM on xStation5) is trading around the $155 handle at press time. Source: xStation5
Founder of Bitcoin named one of the most powerful people in global finance
Satoshi Nakamoto, an anonymous founder of the largest cryptocurrency, was named by Worth.com as one of the most powerful individuals in global finance of 2018. More precisely, the founder of Bitcoin took a 44th place in a ranking. It is worth noticing that well-known figures such as Mark Zuckerberg (Facebook CEO) and Paul Krugman (Nobel Prize winner in Economics) took further places in the Worth.com’s ranking. On the other hand, other people related to a crypto sector were also seen in the ranking. Blythe Masters, the former CEO of Digital Asset Holdings (a blockchain development company) was tookt 27th place, and Kelly Loeffler, the CEO of Bakkt (a ICE’s bitcoin futures platform) a 72nd place.
Ripple (RIPPLE on xStation5) has experienced more than a 3% increase thus far today. Source: xStation5
