PBOC fake news shakes Bitcoin

The news about People's Bank of China officially banning the exchanges may be fake, though crushes Bitcoin
13 September 2017   802

The People's Bank of China (PBOC), which carries out monetary policy and regulate financial institutions in mainland China, has shaken the cryptocurrency world with the ICO ban at first, and then with the official ban of cryptocurrency exchanges.

However, the majority of the cryptocurrency community speculate that the last one is nothing but fake news

Thus, back to September 8th, Samson Mow, CSO of Blockstream and CEO of Pixelmatic, claimed that the China exchanges shutdown might be just a conjecture.

Yet, as reported by cnLedger, now a fake screenshot about PBoC officially banning the exchanges has triggered huge sells in the market.

It goes without saying that such news influences Bitcoin price significantly. At the time of writing, the price of the first cryptocurrency is about $3,789 and its market capitalization is $62,894,655,665. 

Bitcoin price chart on coinmarketcap.com Bitcoin price chart on coinmarketcap.com

Still, some people argue that whether the Chinese news is fade or real, the Chinese market is not so important.

What the future has in stock for Bitcoin and the whole crypto world, remains to be seen. We'll keep you updated. 

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   226

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.