China’s Center for Information and Industry Development (CCID) has published a new list which ranks 35 cryptocurrency assets. The government agency’s list has bumped up Ethereum’s position from the third position to the second.

EOS is at the number one position where it was in the last ranking with TRON (TRX) at number 3. Bitcoin (BTC) was not featured until the ninth position while Ripple’s XRP was at number 18.

The new publication is the fifteenth one and was released a few days ago on Dec. 6. Ethereum’s position was pushed up most likely because of the changes from its recent Istanbul hard fork upgrade. There was considerable build-up to the hard fork and it has also gotten quite the cheer. Also, a few major exchanges including Coinbase, Binance, and Bitfinex, have all announced support for the new Istanbul.

Interestingly, cryptocurrency in China is still widely unsupported with several reports of the country trying to crack down on the sector and many other crypto-related businesses. This is amidst China’s popularized endorsement for blockchain technology by President Xi Jinping.

China has also announced that it will soon begin testing its digital Yuan with some banks and telecoms firms.

Image Credits: Pixabay

The post China Promotes Ethereum To Second Position On Blockchain Ratings After Istanbul Hardfork appeared first on Latest Crypto News.



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