With the arrival of the Ethereum Classic coin to the Coinbase portfolio, not much movement has taken place. Since August 15th it has only gained 1.72%; however, the general mood in the crypto world has been somewhat upbeat with small gains. The ETF session will be upon us soon, but the general feeling is this may not be beneficial to the coins.
The last two weeks have been exceptionally quiet on Twitter, as most of the news has been retweeted and dull, to say the least.
On the financial side of the world, the IMF has just released its overview of China’s economy and makes for fascinating reading. In the current economic climate, China has moved forward into the digital era with a spring in its step. Many Fintech companies are addressing real-time issues and implementing blockchain at their core. The fact that China has pulled over eight hundred million out of poverty in the last years is awe-inspiring considering that compared to that of other countries that are still struggling.