Crypto News | Chinese blockchain technology

The very first news in our today’s news reviews has to do with Chinese blockchain technology. According to the latest information from a paper from China Banking Regulatory Commission, China should adopt blockchain technology in order to boost development in the secondary loan market. This commission is the biggest and most important financial regulator in China, supervised by the State Council. They are a big deal and we should keep our eyes on their decisions, especially if we keep in mind China’s global economic influence. Experts relate this to a recent research and the committee’s visit to their counterparts in the U.K. and France. All in all, Chinese blockchain technology is something we should all be very careful about, as it could have a big impact on the development of blockchain technology in general.

Besides that, we bring you some news concerning Japan-based bitcoin exchange operator bitFlyer. The company has received a license to set up shop in Europe. According to the data from CoinMarketCap, the company is at the moment among the biggest exchanges when it comes to bitcoin trading volume. Moreover, it will be the first bitcoin exchange that does business in U.S., Europe and Japan.

Besides the news on cryptocurrencies, we bring you some other financial and economic news, as well. Reuters did a poll asking some economists about the U.S. economy, and according to most of them, the U.S. economy will grow in 2018. The main reason for that lies in tax cuts whose impact should become visible during this year. We have to underline, though, that majority of economists think that this impact will be short-lived. They predict growth of 2.2 percent and they have some optimistic predictions on unemployment, as well.

The last today’s news has to do with Netflix. In the last three months Netflix had 2 million more subscribers than Wall Street expected. The has company tripled its profits and its market capitalization is now bigger than $100 billion.


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Author: Max Rothstein

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