BitDigest September 14 · Issue #741
- Crypto prices show 24-hour decline but overall market cap up 2.3% since Friday
- European leaders call for regulations around stablecoins
- China explains digital yuan should be considered like cash
Growing focus on Ethereum
Digital exchanges are looking to grow by supporting Ethereum based projects. In recent days both Binance and Kraken have made statements showing their desire to help this ecosystem grow. Binance CEO Changpeng Zhao tweeted he would like to see more DeFi projects moving over to Binance Smart Chain and Kraken has posted a new position to hire an “external advocate” bridging mainstream investors and the Ethereum community.
China’s Public Blockchain Companies Blockchain Not Living Up to Hype
The Blockchain 50 Index, an index of the top 50 public companies affiliated with blockchain technology that trade on China’s Shenzhen Stock Exchange, are not operating as expected with many of the companies not even discussing their blockchain efforts. Out of a larger group of 262 public companies self-categorized as “blockchain companies,” only 23 mentioned live blockchain use cases.