Zimbabwean economic crisis causes Bitcoin to reach $7,200
Several sources have confirmed that the African country of Zimbabwe is currently experiencing its worst economic crisis yet. Economic experts have likened it to the inflation and currency crisis currently happening in Venezuela.
As the country’s economy plunged to unprecedented lows, the demand for bitcoin reached an all-time high. Bitcoin is currently trading at $6,150 USD per BTC.
Controversy surrounding Tether continues to unfold
In the recent months, the company has issued a huge number of tokens and has since been extensively scrutinized as to whether these tokens are actually backed by real currency.
IMF chief cautions financial leaders to take Bitcoin seriously
Christine Lagarde, head of the International Monetary Fund, recently addressed a conference in London where she highlighted the positive changes Bitcoin and other digital currencies could bring to the current financial landscape.
China to regulate cryptocurrency market from the 1st of October
Jinse.com has reported that Chinese authorities are planning on regulating the cryptocurrency market by classifying cryptocurrency a virtual assets.
Thailand’s bank launches Ripple: a new blockchain enterprise solution
The bank aims to use this new technology to handle remittances between Japan and Thailand. Ripple, used as a cross-border payment network solution, will allow the bank to transfer remittances from Japan to Thailand nearly instantaneously.
Bitcoin speaks out against new SEC proposed rule change of BIT
A long-time developer of Bitcoin, Matt Corallo, recently questioned the United States Securities and Exchange Commission’s (SEC) proposed new changes to the Bitcoin Investment Trust (BIT).
