PBoC Secures $4.7M in Funding for Blockchain Finance Platform – March 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $7,915

Bitcoin price has remained stagnant after its recent tumble, remaining under the $8,000 mark over the last 24 hours.

Top-20 altcoins have slowed their slide, however continue to fall, as Ethereum drops another 3%, XRP 1%, and Chainlink 7%.

Top Stories for March 10, 2020 πŸ”₯

πŸ‘‰ PBoC Secures $4.7M in Funding for Blockchain Finance Platform

The People’s Bank of China has been allocated $4.7 million worth of funding from the Chinese government, for research and development into their blockchain trading platform.

Plans for the platform were announced in late 2018, and is designed to securely share information and transactions between businesses and government departments.

πŸ‘‰ Cryptocurrency Ranks as Second Riskiest Business for Scams

A report released by the Better Business Bureau ranks cryptocurrency as the second riskiest niche for scams, second only to employment scams.

The report’s latest figures claim that crypto scams resulted in an average loss of $3,000. A large proportion of the scams involved the purchase of crypto, or involved cryptocurrencies as an investment opportunity. Almost a third of the scams involved a Chinese exchange called C2CX.

πŸ‘‰ Enjin Launches Multiverse Program for Game Developers

Blockchain gaming platform Enjin has launched a new program to support developers and their gaming projects in becoming a part of the Enjin “Multiverse” – an interoperable circle of several gaming worlds and assets.

The program will offer a free subscription to the Enjin platform, a selection of multiverse assets, and promotion of the project being supported.