Crypto News | China’s NIFA will oversee cryptocurrency

In our today’s news report, we bring you the latest information from the Chinese cryptocurrency market. The country’s NIFA (National Internet Finance Association) will now oversee cryptocurrency and initial coin offerings. The fact that this country has decided to make this move means that they have some serious plans in store for cryptocurrencies and that they plan to develop different safety measures in order to make business safer and more regulated. NIFA will certainly have a big role to play, and since China is a very big market, you should definitely keep your eyes on the situation.

As for the integration of blockchain technology in big companies, T-Mobile is about to reveal their new blockchain solution. Their plan is to develop new software called Sawtooth 1.0 that should help the company’s cloud solutions. T-Mobile has recently launched open-source Jazz platform which works with cloud computing platforms without the need of a centralized server. Besides that, they work on the project called Keybiner, a library that uses tokens in order to authorize users to perform transactions. As we can see, it seems that nothing can stop the integration of blockchain technology, and T-Mobile is the best example of it.

Besides the news on blockchain technology and cryptocurrencies, we’d also like to highlight some other news, as well. The first piece of news we’d like to underline has to do with Japan’s Honda. Honda Motor Co Ltd has to recall 350,000 vehicles in China because they have to resolve a cold-climate engine issue. The problem is that the drivers could sense a strong odor of gasoline inside the car. This news will definitely have an impact on the price of the company’s stocks, so you should be very careful if you’re about to trade them.

Also, we bring you the latest information from quarterly outlook indicator of the World Trade Organization. According to the WTO, global trade in goods will continue to grow. Growth from 2017 will probably continue this year, as well.

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Author: Max Rothstein
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