Do not step on my trend line
The asset-level crypto market has been a hit this week. After a week of near gains canceled by a quick sell-off following the refusal by the SEC of Winklevosses' last deposit of ETF, the total capitalization of the crypt fell of 8 % during the week. At $ 263 billion, it's just above some of the lower numbers published this year.
Bitcoin: At $ 7,400, Bitcoin lost 6% of its value during the week.
Ethereum: Fairing worse, Ethereum is down 10% in the week to $ 413.
XRP: Almost stagnant, XRP has lost only 2% [19659004] this week, with a price of $ 0.43.
Domestic News
Dept. of the recent Fintech report of the Treasury turns briefly to Blockchain: In a report to President Trump entitled "A financial system that creates economic opportunities: Nonbank Financials, Fintech and Innovation ", the US Treasury Department has tackled the blockchain theme along with other thriving FinTech technology such as AI, cloud computing and others. "New technologies, such as predictive data analysis, artificial intelligence and distributed blockchain or ledger technology, are examples of promising innovations that could be used by financial services companies. Regulatory treatment may be uncertain, if only because innovative technology takes time to mature, "the report reads.
In the United States, Blockchain Funding In 2018 it is exceeding the numbers of 2017: In a report by KPMG, the big four companies found that, together with FinTech's international investments that exceed the total of 2017 up to this in 2018, blockchain investments in the United States are also on the rise. "In the first half of 2018, blockchain investments in the United States exceeded the total investment seen in 2017, led by $ 100 million + round of financing to R3 and Circle Internet Finance.A number of other significant blockchain also occurred during the first and second quarters of 2008, including a $ 65 million increase in Paxos' B series aimed at helping him to scale up the delivery of his blockchain platform, "the report reads.
Long Blockchain, Formerly Long Tea Iced Island, Slapped With Subpoena From SEC: At the height of bitcoin's clamor last year, Long Island Ice Tea decided it would change its name to Long Blockchain. The move was a plus for the tea maker, as his stock rose more than 300% in response to rebranding. Well, the SEC has acknowledged, requesting financial documents with a summons of 10 July. "The company is fully collaborating with the SEC investigation," the company said in a statement. "The company can not predict or determine whether a proceeding can be initiated by the SEC in connection with the summons or the outcome of any proceeding that may be initiated."
Bill Clinton to Kickoff Ripple October Tech Conference With Keynote Address: The 42nd President of the United States, the great father Bill Clinton, is scheduled to hold the introductory speech at the Ripple autumn conference, Swell, to be held in San Francisco, California on October 1st and 2nd. Ripple chose the former president to open the conference because, "[at] a period when revolutionary technology and regulation were often on a collision course, President Clinton helped usher in a period of extreme growth and adoption of the Internet, giving shape to what it is today.It has also created programs that have filled the "digital divide" and brought new technologies to underserved communities around the world, "reads the blog post of the announcement.
We are thrilled to announce @BillClinton as a keynote speaker for of this year's #SwellbyRipple year. For more details: https://t.co/KYQgI4YrWv pic.twitter.com/XSo46T2s3d
– Ripple (@Ripple) 31st July 2018
Study: only 2% of US investors Keep Bitcoin, Crypto in some form: A survey conducted jointly by Gallup and Wells Fargo shows that bitcoin is still a relatively unexplored territory for most US investors. According to the result of the study, "only 2% of investors say they currently own bitcoins and less than 1% expect to buy it in the near future, while most investors say they have no interest in buying bitcoins, about one out of four (26%) claims to be intrigued by it but will not buy it at any time. "
The decentralized exchange is launched in San Francisco, using XRP as the base currency: The San Francisco-based DCEX exchange Francisco was launched this week. Using XRP as the base currency, the exchange is powered by a blockchin platform created by AlphaPoint. "DCEX is a next-generation crypto-to-crypto market, with all currencies trading against XRP (XRP) as a base currency, customers will be able to exchange a total of 15 pairs of coins: XRP, Bitcoin (BTC) ), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum classic (ETC), OmiseGo (OMG), EOS (EOS), DASH (DASH), Tron (TRX), Monero (XMR), VeChain (VEN), IOTA (IOTA), ZCash (ZEC) and stable-currency TrueUSD (TUSD), with plans to add Neo (NEO), Cardano (ADA) and other pairs in the coming months. DCEX offers access to all ten coins listed in the Bloomberg Galaxy Crypto Index (BGCI) in one position, "reads an official blog post.
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The Government of the Indian State to Implement Blockchain Technology: Th and the Indian State of Telangana announced a series of initiatives this week that will watch a blockchain to control corruption and fraud that afflicts the Telangana government. Last month, the state introduced blockchain solutions in the land registry and in the government's tax departments in an attempt to increase transparency, a preventive response to stop the corruption that occurs in about 38% of the state's real estate transactions.
Börse Stuttgart, Germany's second largest stock exchange, ICO plans, multilateral trading facility: Börse Stuttgart is adding to its workload. A month after the release of its highly anticipated cryptographic trading app Bison, Germany's second largest stock exchange announced its plans to create an ICO platform, in addition to a multilateral encryption site. The two services would be invaluable liquidity channels for anyone in the ICO market that uses it while extending Börse Stuttgart into the industry. "Trading site tokens issued via our ICO platform can be traded on the secondary market, which is an important success factor for ICOs, while we respond to both retail and institutional investors' demands for a regulated and reliable environment for trading with cryptocurrencies, "said CEO Alexander Höptner in a statement
Boerse Stuttgart to host Crypto Trading and Coin Offering – https: //t.co/iG6GsvLKcp
Advertise #ICO https://t.co/89O4ciDsi7
#bitcoin #btc #bitcoinnews #cryptocurrency[19659061] #blockchain #btcusd # 比特 幣 新聞 pic .twitter.com / Q6XPXWWeEn– Bitcoin News (@TheBitcoinNews) 3 August 2018
The South Korean financial agency makes a case for the integration of Blockchain into the stock market: In a relationship to local authorities as a rule and the South Korean Financial Supervision Service (FSS) has pleaded with the national municipalities to start developing solutions for integrating blockchains with traditional financial platforms and systems. The agency believes that the blockchain could make transactions on the stock market faster and safer than the current software. According to the report, he noted the use of blockchain in international stock markets, paying particular attention to Nasdaq's use of the blockchain for the storage of private data and data.
Morgan Stanley hires Credit Suisse Crypto Advocate, Trader as Head of Digital Markets: One of the largest multinational banks in the world, it is moving further towards the cryptocurrency sector. This time in the form of a new rental, the investment bank has hired Andrew Peel, a Credit Suisse employee and a self-described expert in cryptocurrency trading, as the new head of digital markets. Previously, he spent 12 years at Credit Suisse, serving 9 of them as a derivative trader, and has been a supporter of cryptocurrency since 2013.
Binance acquires TrustWallet, the first public acquisition of the Stock Exchange: Binance acquired TrustWallet, a "decentralized and open source Ethereum Portfolio that supports" over 20,000 different Ethereum-based tokens (ERC20, ERC223 and ERC721), according to a blog post by Binance.The acquisition of TrustWallet will add an on-going mobile wallet. chain to the list of Binance's services with other future integration possibilities.The TrustWallet brand and team will maintain the autonomy and freedom to develop the main product benefiting from the greater synergy of Binance, including the wide user base and the next DEX ", continues the post. Binance CEO Changpeng Zhao has indicated that acquisitions have an important role to play in maturing this industry, suggesting that this could be the first of many for Binance: "We are looking for strong technology teams.The acquisition will be a key component to continue to grow and contribute to this sector. "
Messages from Bitmain Impressive 1 $ in Profit for the first quarter of 2018, Plans IPO: The Chinese mining giant Bitmain has amassed a staggering $ 1 in profit-not revenue, mind you-in Q1 of 2018. At the end of this news, an anonymous source stated Fortune that the company was making progress with its IPO, which Juhan Wu, CEO of Bitmain, mentioned in June . The source has indicated that the IPO will launch "very soon" in a foreign market that will allow investors to buy in the offer with the dollar.
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