📉 the protracted bearish mood prevailing in the cryptocurrency market is making institutional investors hesitant, jpmorgan chase analysts say.
🇨🇳 the people’s bank of china (pboc) is reportedly designing its own prototype of a centralized, government-controlled cryptocurrency.
🇨🇭 “the federal council currently sees no fundamental issues regarding financial market law that specifically concern blockchain/dlt-d applications and would require fundamental adjustments.”
📈 from december 13 to december 18, daily trading volume of the gemini dollar (gusd) stablecoin skyrocketed from 1.5 million to approximately 36 million units. the spike seems to have been caused by trades against bitcoin on the china-d oex, modern consensus assumes.
via modern consensus
💵 tim draper has invested $1.25 million in opennode, a startup aiming to help businesses easily accept bitcoin payments for their goods and services.