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Cryptocurrency and Blockchain News
Global social media heavyweight Facebook is reportedly seeking as much as $1 billion USD in venture capital backing for its forthcoming cryptocurrency.
The Ethereum Classic price jumped as much as 33.79-percent on Sunday, rocketing the cryptocurrency to a four-month high above $7.50.
The Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network.
Based on technical indicators, analysts remain convinced that the $5,000 to $6,000 range will be broken by bitcoin in the near-term and $7,000 is the next reasonable step for the dominant cryptocurrency.
China currently constitutes 25 percent of the global total of blockchain-related projects with its 263 projects- as stated by China.org.cn based on a report by Blockdata.