Bitcoin’s Wild Weekend, China Reveals Over 500 Enterprise Blockchain Projects and Chinese Crypto’s On The Rise
Here is your daily overview of interesting, important and market moving cryptocurrency news, written by the Crypto2Cash team.
Bitcoin’s Wild Weekend
The number one cryptocurrency jumped to 10.350 USD at 01:45 A.M. last Saturday — the highest level since September 24.
Bitcoin’s price rally started Friday afternoon when it was trading below 7.400 USD.
The rise from lows below 7.400 USD to highs above 10.300 USD is reportedly the third-largest 24-hour price gain in bitcoin’s history, as pointed out by crypto-asset analyst Yassine Elmandjra.
China Reveals Over 500 Enterprise Blockchain Projects
As President Xi Jinping called on his countrymen to seize opportunities in blockchain, more than 500 blockchain projects have been registered with the Chinese government since March.
According to Cyberspace Administration of China, some of the largest Chinese banks and tech companies are working with the technology.
Chinese Crypto’s On The Rise
As the Chinese government vows to put the nation at the forefront of blockchain technology, the major Chinese cryptos are skyrocketing.
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