Chinese Tech Giant Baidu Launches Cryptocurrency – January 7

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$7,883

Bitcoin price has continued to rise over the last day of trading, continuing a further 1.5% to the upside.

Top-20 altcoins have somewhat corrected from their bullish moves of yesterday, with Ethereum down almost 1%, while XRP fell over 3%.

Top Stories for January 7, 2019 🔥

👉 Chinese Tech Giant Baidu Launches Cryptocurrency

Baidu, the Chinese Internet giant, has launched its very own cryptocurrency.

Named Xuperchain, the network runs via a masternode system and is compliant within China. The masternode configuration suggests that the network is high-throughput , but sacrifices decentralization.

According to the whitepaper for the project, Baidu owns over 50 patents for the platform.

👉 Binance Stablecoin Approved by NYDFS

Binance has reported that its stablecoin, BUSD, has been approved by the New York State Department of Financial Services (NYDFS).

The approval has enabled the currency to be purchased using fiat currencies or traded for other cryptocurrencies on Binance.

👉 Korean Government Commission Wants Bitcoin Listing

The 4th Industrial Revolution Commission, a South Korean government commission, has recommended that the government list Bitcoin on Korea Exchange.

The commission wants the government to improve the classification of crypto assets, as well as assist financial institutions to develop blockchain-based technology.