EXCELLENT: Bitcoin flirts with $10 000 after China endorses blockchain
(000228.79-:E-000157.73:N-:R-SU:C-30:V)
[Glad to see Bitcoin gaining more traction. Jan]
Bitcoin jumped on Monday, bringing its rally since Thursday to 26%, after China’s government threw its backing behind the digital coin’s underlying ledger technology.
The most-traded cryptocurrency briefly exceeded $10 000 over the weekend, a level it hadn’t touched in more than a month, and surged on Monday to $9 934 before trimming its gain. The wider Bloomberg Galaxy Crypto Index, which tracks the largest digital currencies, advanced to a five-week high on Monday.
The latest leg of the rally cropped up after China’s President Xi Jinping said Beijing will increase investment in blockchain technology. An official with China’s central bank also said blockchain technology can help with commercial banks’ risk control and ease borrowing difficulties for smaller businesses.
Investors snapped up blockchain-related stocks on Monday, with more than 60 tech shares surging by the daily limit in Shanghai and Shenzhen. Even equities with more tenuous connections to blockchain, such as baby-food producer Beingmate and selfie-app developer Meitu, got a boost from the news. Hong Kong’s BC Technology Group, which operates a crypto exchange, jumped the most since May.
Bitcoin traded at $9 424 as of 09:59 London time, up 9.9% from Friday’s close, according to Bloomberg consolidated pricing.
SADF: 1981: South Africa Kills some Soviet Officers & captures a Russian in fighting in Angola
South Africa said today that its soldiers had killed some Soviet army officers and captured a warrant officer during its eight-day operation in Angola against black nationalist guerrillas.
Video: JEWS102: The Jewish Strategy Of Lying
In this video I discuss the massive difference between White people who value the truth and built all of civilisation on this basis versus the Jews who are pathalogical liars.
Video: Professor Quigley: Evolution of Civilisation: How the American Elite Think
DONT MISS THIS VIDEO: This is one of the very most important videos I have ever made. I urge people to study this closely. What I am going to tell you in this video, are things youve definitely NEVER HEARD.