“Uber of China” to Trial Central Bank Digital Currency – July 8

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $9,294

Bitcoin price has remained close to the $9,300 mark support, as the greater cryptocurrency market continues to outperform.

Top-20 altcoins continue to rally strongly, as Cardano blows the competition out of the water with a substantial 26% rise. Chainlink has risen 14%, while Ethereum gains 3% and XRP gains 9% over the last 24 hours.

Top Stories for July 8, 2020 πŸ”₯

πŸ‘‰ “Uber of China” to Trial Central Bank Digital Currency

The “Uber of China” – ride-sharing app Didi – will be trialing the China’s central bank digital currency, known as Digital Currency Electronic Payment (DCEP).

The trial is set to be China’s first major real-world integration of DCEP, with reports also stating that Starbucks, McDonald’s, and Subway may also be next in line.

Didi acquired Uber’s China business in 2016, and now has more than 550 million users.

πŸ‘‰ Dogecoin Hits 2-Year High Following Viral TikTok Campaign

A viral campaign has assisted Dogecoin in its latest bullish move, sending the cryptocurrency to 2-year highs in price. Trading volume on the coin has rocketed, with an increase of more than 2000%.

The #dogecoin hashtag currently has more than 5 million views, with a flood of users posting videos encouraging others to purchase the cryptocurrency.

πŸ‘‰ Unstoppable Domains to Develop Decentralized Private Chat Service

Unstoppable Domains is reported to be developing its very own decentralized protocol for privacy-oriented chat services, in wake of the US’s recent anti-encryption legislation.

The protocol will be named Dchat, which will encrypt and store user messages in a user-controlled peer-to-peer fashion. The protocol will also integrate cryptocurrency wallets.