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 Donald scolds FRS, Buterin opens his wallet, Stablecoin of China

10/12/2018
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  • China_stablecoin
  • Vitalik_Buterin_Ethereum
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Trump is confident that FRS has gone mad, the Bank of China plans to issue a stablecoin of the yuan. Vitalik Buterin revealed information about his digital wallets.

President of the United States collapsed cryptocurrency market

Only one phrase by Donald Trump led Bitcoin prices to fall from $ 6,628 to $ 6,051. After the end of the public event, he told reporters that the "Federal Reserve was crazy." As a result, markets began to panic selling high-yielding assets.

As a result, the Dow index lost 2.13%, the S & P500 went down to 2.06%. The combined index Nasdaq showed itself best of all, its decline at the end of the day was 1.25%. The cryptocurrency market also experienced a major shock, as the first high-yield risky assets were the first to be sold.

More about Trump vs. Bitcoin read here

China is preparing to launch stablecoin

People's Bank of China is preparing the release of its cryptocoins. Department analysts have published a study in which they make a forecast of the future global financial system. They note that in the future, all central banks will come to the need to create a hybrid Fiat-digital currency.

Now there are already dozens of stablecoins in the world that are tightly tied to fiat money. However, all of them are issued by private organizations. In China, they complain that these coins have a hard rate against the dollar and are ready to rectify the situation. Naturally, stablecoin of China will be tied to the yuan.

Vitalik Buterin published a screen of his Ethereum

The attacks on the creators of cryptocurrency continue, the economists of the classical school can not accept the emergence of new assets. The famous blockchain critic Nouriel Roubini said that the creators of digital coins are swindlers and cheaters. Which have long been sold assets and do not believe in their future.

In response to this statement, Vitalik Buterin posted a public screenshot of his wallet Ethereum. As it turned out, there are 365,003 coins on it. At the current rate it is about 70 million dollars. In addition, Buterin has other digital assets. However, the amounts stored there are much smaller.

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