Make sure you check out our previous edition , now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on or wherever .
Also make sure you check out last weeks .
Price Watch:
- bitcoin increased nearly 18% this week after months of slow decline. The price peaked at Opinions are mixed on wether or not this trend will continue. CEO Authur Hayes said in an with this week that prices would likely go higher, but not hit $10,000. He further explained that he “would like to see us test $5,000” for the currency to really bottom out. The opinion sharply contrasts with that of long time Barry Silbert who speculated that bitcoin’s price had . He’s attributed this to a large influx of institutional money, which now makes up of the nearly $248 million invested in the . Other bulls include former Goldman Sachs executive who speculated that bitcoin could see $15,000 this year and Billionaire who speculated bitcoin could see $40,000 within a few years.
- Ethereum is up 5% this week to $466.65. The currency the crucial $500 level before falling back down to $466.65 resulting in the respectable gain we saw this week.
- The Entire Market Cap is up 11% this week following by bitcoin and a mini-bull run across the entire market. Stellar, which was also awarded this week, before sliding nearly as the market receded. This phenomenon is representative of a larger trend across the market which , , , and among others. It’s also noteworthy that it’s volume requirements for cryptocurrency exchange listing.
Government:
- : Chilean Court of Appeals has recently ruled that state-owned Banco Estado has to re-open the account of bitcoin exchange Orionx, after it seemingly illegally shut it down.
- : The , a global finance monitoring watchdog created by the G20, has published a new framework for monitoring cryptocurrencies. The aims at” identifying financial stability concerns in a timely manner”.
- : Dogecoin, the parody cryptocurrency created in 2013, became the fifth currency to be listed on the app. Current currencies include , , and . The coin is an odd choice considering it’s low market cap and rank, and the fact that it’s doesn’t support it.
- : Cryptocurrency payment processor BitPay has become the eighth firm to receive a “BitLicense” from the . BitPay becomes the first standalone payment processor to be allowed to process cryptocurrency payments for New York merchants and residents.
- : Brazil’s Federal Police has recently arrested 12 individuals connected to a gang that allegedly used bitcoin to launder “millions of dollars” earned smuggling drugs into Europe, Asia, and Africa.
- : The has partnered with Chinese to release a blockchain-based trade finance platform. The joint effort is expected to speed-up the process and prevent fraud. The effort now includes .
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Mining Rig ‘KashMiner’: The developer behind the purported and much-publicized Kodak-branded bitcoin mining equipment has officially halted operations. The company, which claimed to be a licensee of the Kodak brand, has been exposed as having no ties to Kodak and having a product which was simply a Bitmain miner with Kodak branding.
Enterprise:
- : Major League Baseball this week that it would be launching a dApp for buying and selling digital avatars representing moments in baseball games. The move comes as a way to attract younger crowds to baseball who have largely the sport.
- : The World Champion who to Google AI in 2016 has a blockchain based version of Go, in collaboration with . The project, named GoBlock will run on the Ethereum network and follow in the steps of other Ethereum based games such as , , and .
- : The has that it will create “Bond Coin”: a custom token on a private blockchain between permissioned participants including issuers and investors alongside regulators and registered firms.
- : BlackRock, the largest provider with over $6.3 trillion assets under management, is to have created a working group to look at ways to gain exposure to blockchain. and cryptocurrencies
- : STASIS, the crypto ecosystem which that is paired exactly against the Euro recently announced that it had onboarded its first institutional client. This marks a major milestone for Malta based STASIS and stable coins as a whole.
- : Japanese mobile giant LINE has officially launched operations of its Singapore-based cryptocurrency exchange BITBOX with support for 30 cryptocurrencies including bitcoin. The exchange, on Tuesday, will support crypto-only trading pairs.
- : A director at ‘big four’ accounting giant PWC in Australia has quit the firm to join crypto exchange bitcoin.com.au as its newest CEO. The company hopes to bring crypto products to corporate pension plans and capitalize on millennia’s love of crypto and a trend toward self-managed funds.
- : Boeing is partnering with artificial intelligence firm to develop a decentralized blockchain based platform capable of ‘tracking unmanned air vehicles in flight and allocate traffic corridors and routes’ to ensure secure transportation, the company said in an on Tuesday.
- : rolled out its much anticipated standalone app, KinIt this week. Kin has raised over so far and this app is the first standalone app to utilize Kin.
- : Oracle has formally launched its much-anticipated blockchain service, and many global organizations have already jumped aboard the platform. The platform, originally , is based on and includes a full featured IAAS.
- : The patent describes a method for the storing of both fiat and cryptocurrencies under one profile. The patent follows patents by Mastercard for , , and . It remains unclear wether these patents are meant to maintain Mastercard’s hold over the payment space or if they intend to do anything with the patents.
- : A$20 billion hedge fund — whose name was not disclosed by — began using following its earlier this year, perhaps a sign that cryptocurrency is preparing to emerge as a mainstream asset, at least among alternative investments.
Crypto Giants:
ICOs:
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Published at Sun, 22 Jul 2018 18:02:51 +0000
bitcoin Analysis
