In this webinar we looked at the recent news that has had an impact on the crypto-currency market, including talk of an Ethereum upgrade and the latest news from Japan that it will keep bitcoin exchanges under ‘full surveillance.’ Does this new oversight give digital currencies more credibility and boost market maturity?
Discussions include –
- The Chinese ban on ICOs and CNY trading hit the crypto-currency market hard two weeks ago but since then most digital coins have made a strong comeback as market confidence rises. The lack of CNY turnover across the board also lends credence to a resilient, global marketplace.
- The Japanese FCA will be keeping a very close eye on domestic exchanges going forward, while they are also looking at developing a digital J-coin with a 1:1 with the JPY in time for the 2020 Olympics.
- Chinese-focused token NEO has had a wild time of late with sharp moves in either direction. Will it play a part in the Chinese blockchain infrastructure?
New to Bitcoin and Ethereum? Get our updated Bitcoin Glossary – Key Terms and Concepts here
If you missed this webinar and would like to know about future events, see the full DailyFX webinar schedule here.
--- Written by Nick Cawley, Analyst
To contact Nick, email him at nicholas.cawley@ig.com
Follow Nick on Twitter @nickcawley1
