Cambodia to Issue Government-Backed Digital Currency – February 3

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$9,310

Bitcoin price has ranged in the $9,200-$9,500 range over the weekend. Price once again was rejected by the $9,500 mark today.

Top-20 altcoins had a good weekend run, however most have cooled off over the last 24 hours. XRP and Ethereum remain relatively unchanged today, While IOTA and Ethereum Classic stand out with gains of 12% and 4%, respectively.

Top Stories for February 3, 2019 🔥

👉 Cambodia to Issue Government-Backed Digital Currency

Cambodia has become the latest country to announce plans to issue their own state-backed digital currency.

The project, named  “Project Bakong” is planned to go live within just months, with eleven commercial banks already on board.

The country hopes that the project will “make it easier for end-users to pay each other, regardless of which institutions they bank with”.

👉 Binance Launches Cardano (ADA) Perpetual Contracts 

Binance Futures has launched trading of ADA/USDT perpetual contracts, which will provide its users with up to 75x exposure on the fiat price of Cardano (ADA).

The contracts began trading on January 31, and made Binance Futures the first major derivative platform to offer an ADA perpetual contract.

👉 Uruguay Introduces Cryptocurrency for Recycling

A popular beach in Uruguay has introduced a plastics collection point, which rewards recyclers with cryptocurrency.

The cryptocurrency is possibly the first of its kind, and entitles holders to discounts and deals from selected retailers.