Beijing Thinktank VP Confirms Central Bank Crypto Rumours – October 29

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,496

Bitcoin has remained strong around the $9,500 mark over the last 24 hours, rising only slightly from yesterday’s prices.

Top-20 altcoins are looking strong, with Bitcoin Cash leading the way up 8%. Ethereum and Litecoin are up about 4% each, while XRP has remained relatively stable.

Top Stories for October 29, 2019 πŸ”₯

πŸ‘‰ Beijing Thinktank VP Confirms Central Bank Crypto Rumours

The executive VP of the China International Economic Exchange Centre has confirmed that China will be launching a central bank cryptocurrency called DCEP.

DCEP stands for digital currency electronic payment, and is a project that has been under research for almost six years.

πŸ‘‰ Linux Foundation, Dell, IOTA, Will Work Together on New Project

It was announced today that a new data project named “Alvarium” will utilize IOTA’s distributed ledger technology.

The project is being formed under the Linux Foundation, in cooperation with Dell and IOTA. It will focus on building a “data confidence fabric”, to improve the reliability of data collection and usage.

πŸ‘‰ Bakkt Will Launch its Consumer App in Early 2020

Bakkt plans to launch its cryptocurrency consumer app early next year, according to a blog post published earlier Monday.

The app will enable users to transact using cryptocurrency, and will undergo a testing phase with Starbucks.