The National Bank of Egypt which is the oldest and largest banking institution in the country, joins RippleNet. The price of XRP increases by 15% and surpasses a psychological level of $0.30.
CONSOB blocks another eight websites that offer financial and investment services. One of the services is, for instance, trading in cryptographic assets, currencies and CFD contracts. The regulator claims that the operation of the companies was illegal in Italy and that it has blocked nearly 150 websites of this kind over the past few months.
As a result of a growing number of cryptocurrency-based frauds and financial pyramids, the Ugandan Ministry of Finance warns against investing in crypto assets and pyramids. The government also plans to update its criminal code in order to prohibit such type of frauds.
IBM, a technology giant, has developed a unique tool that is supposed to automatize the process of concluding contracts for part-time jobs which will be beneficial for both employers and employees. And all that thanks to blockchain!
According to Deutsche Bank Research, the digital yuan designed in China could seriously challenge the hegemony of the US dollar. Researchers are also of the opinion that digital payments could ultimately be the reason of the plastic card's death.
Bitcoin's price (BTC) is heading towards $10,000, noting at the beginning of 2020 a growth of over 30%. Simultaneously, another virtual coin, Tesla, achieved even better results when its shares reached the highest level in its history. Since the beginning of the year, the shares of Elon Muska's company have already increased by 51%.
While Ripple takes into consideration an IPO (Initial Public Offering), the cryptocurrency community is trying to figure out what effect it would have on the price of the Ripple's token, XRP. Some experts believe that the fact of Ripple's listing may actually devaluate the company's cryptocurrency.
The CEO of Binance Cryptocurrency Exchange, Changpeng Zhao, has committed to give $1.5 million to people who fell victim of a dangerous virus which is currently spreading in China.
The authorities of Dubai have announced that a cryptographic valley in the national Tax-Free Zone (no personal and legal income tax) will be launched. Thanks to the help of Swiss crypto-valley partners, Dubai will be offering different services, including startup incubators, blockchain trainings and coworking facilities.
The CEO of TRON and BitTorrent, Justin Sun, made it public that he was conducting, as he put it, "secret" conversations with the creator of Litecoin, Charlie Lee.