China’s BSN predicted as long-term global project, still ahead of others
The impact of China’s Blockchain Service Network may be limited, but the region’s national blockchain infrastructure continues to outpace other regions. First announced in October 2019, China’s Blockchain Service Network, also known as BSN, is aimed at providing a global public infrastructure designed to support both private and public blockchain networks across interconnected cities. According to the BSN introductory white paper, the project serves as an “information infrastructure” designed to advance the development of smart cities for the emerging digital economy. The white paper also....
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Global investment bank JPMorgan has predicted that the long-term price of bitcoin will reach $150K while the fair value of the cryptocurrency sits at $38K. “The biggest challenge for bitcoin going forward is its volatility and the boom and bust cycles that hinder further institutional adoption,” JPMorgan’s analysts explained.
JPMorgan’s Bitcoin Price Prediction
Global investment bank JPMorgan has revealed its prediction for the long-term price of bitcoin as well as the cryptocurrency’s fair value.
JPMorgan Chase & Co.’s....
From being labeled impractical to nearing mainstream deployment, the digital yuan can transform the global economic landscape. With each passing day, the list of nations actively exploring the idea of central bank digital currencies (CBDCs) is continuing to grow at a rapid pace. While China’s digital yuan project may be the one that everyone talks about the most, in recent months, countries like The United Kingdom, Sweden and Japan have forged ahead with their own CBDC research and/or testing.That said, the digital yuan project is head-and-shoulders ahead of any of its contemporaries at....
Despite efforts by China’s central bank to stabilize the Yuan in the past, they have utterly failed to do so. The value of China’s Yuan has been going down steadily over the past few months. That trend will likely continue, as the currency reached its lowest point since September of 2010. For now, it remains anybody’s guess as to how this scenario will play out long-term, but things are not looking optimistic. At the same time, China continues to be very bullish on Bitcoin, showing the need for alternative financial tools. Almost no day goes by without the Chinese Yuan weakening against....
Nigel Green, CEO of one of the world’s leading financial institutions, has predicted that Ethereum will exceed Bitcoin in the long term. The CEO who has always been a crypto advocate sees the second leading cryptocurrency outpacing the pioneering crypto in the future. Green said Ethereum had already outperformed bitcoin for the year. Quoting percentages […]
Ahead of the Friday, Jan. 20 swear-in of US President-Elect Donald Trump, the price of Bitcoin has started picking up from its recent slump. For the first time since the drop or correction in price following the People’s Bank of China’s onsite inspection of key Bitcoin exchanges in the country - taking a dip as low as $755 - the price has followed an upward trend that has seen it rise to the $895 range according to coinmarketcap.com (though it now sits at $883 at the time of writing). Whether this is connected to the Asian stocks and the pound that sagged on Tuesday, as investors await....