Tough Week for Ethereum
Last week, the total capital market for cryptocurrency collapsed by 14.33% largely due to the postponement of the SEC on a Bitcoin-ETF proposed by CBOE , VanEck, and SolidX.
This week, the cryptocurrency market has slid another 5.7% which is not so bad when you take into account the abrupt descent on Wednesday, striking around $ 189,666,000,000  its lowest cap market since early November 2017.
Bitcoin is actually upwards 1.35% and its dominant position on the total market is of 52.31% the highest before flowing December 18, 2017.
The Vitalik Buterin Ethereum project is down 16.90% the minimum from early November 2017 .
Ripple is down 5.12% and a total of 91.46% down from its historical high on January 4, 2018.
Bitcoin Cash an d EOS are down 8.42% and 11.46% respectively.
<img class = "aligncenter size-full wp-image-12598" src = "https://coincentral.com/wp-content/uploads/2018/08/Domestic-Cryptocurrency-News.png" alt = " News on home cryptocurrency "width =" 4001 "height =" 1203 "srcset =" https://coincentral.com /wp-content/uploads/2018/08/Domestic-Cryptocurrency-News.png 4001w, https: // coincentral .com / wp-content / uploads / 2018/08 / Domestic-Cryptocurrency-News-300×90.png 300w, https: //coincentral.com/wp-content/uploads/2018/08/Domestic-Cryptocurrency-News-768×231. png 768w, https://coincentral.com/wp-content/uploads/2018/08/Domestic-Cryptocurrency- News-874×263.png 874w, https://coincentral.com/wp-content/uploads/2018/08/ Domestic-Cryptocurrency-News-600×180.png 600w "sizes =" (maximum width: 4001px) 100vw, 4001px  Bitangels co-founder beats AT & T with $ 224 Million Lawsuit:
Michael Terpin, investor of cryptocurrency and co-founder of the first angel investor group focused on Crypto BitAngels, issues A T & T giant telecommunications due to hack enabled by SIM exchange of AT & T fraud. Terpin claims to have lost $ 24 million in cryptocurrencies to hackers and believes his phones have been exposed by an AT & T employee who works with hackers. Terpin is also looking for $ 200 million in punitive damages. The complaint notes: "What AT & T did was like a hotel that provides a thief with a fake ID card and a key to the in-room safe to steal the jewels in the safe from the rightful owner."
SEC Fines and Bans 76 Year Founder of ICO:
The US Securities and Exchange Commission (SEC) announced that it has taken action against David Thompson Laurence and his oil and gas exploration company Tomahawk Exploration LLC . David Thompson Laurence, a 76-year-old California resident, is the sole CEO of the company.
Although ICO has not raised funds, the SEC has encountered problems with tokens issued in the token size range and considers them to be securities. Laurence agreed to a cessation and suspension order, a bar of officers and directors, a penny bar, and a $ 30,000 fine.
Thompson allegedly inflated oil production projections that were contradicted by his own company's internal analysis in his promotional material and deceptively suggested that his company has leasing contracts for drilling sites when it did not. Tomahawk also said that token owners would be able to convert tomahawkcoins into stocks and potentially profit from early oil production and secondary token trade, "said SEC
US Senate to examine the energy efficiency of Blockchain:
The Committee on Energy and Natural Resources of the United States Senate will meet on August 21 to discuss the impact that the increase of the demand for blockchain will have on the prices of electricity, they will not all be negative rumblings, however, they will also examine how the blockchain can benefit the energy industry.This hearing will be the first of its kind to have a specific focus on the blockchain. and on the energy sector.
Cleveland becomes the first partner city of the Blockchain Research Institute:
Cleveland could be the last in the NFL, but the city is one of the best ads for blockchain adoption. On Thursday morning, the Blockchain Research Institute announced a partnership with the rock and roll capital at a meeting of the Greater Cleveland Partnership. The two joined largely due to the machine magnate Bernie Moreno. Moreno hopes to make Cleveland a center of innovation blockchain through an effort nicknamed "Blockland".
SEC begins the investigation on Riot Blockchain :
The first company listed on NASDAQ that focuses exclusively on blockchain and Bitcoin-based companies Riot Blockchain Inc. ($ RIOT) revealed that the Securities and the Exchange Commission has launched an investigation that could prevent owners and shareholders from selling shares in particular registration statements.
Riot Blockchain began to attract the eye in October 2017, when it was renamed by Bioptix and announced its focus in the blockchain world and cryptocurrency. After the announcement, the share price of Riot Blockchain almost doubled. Riot Blockchain has also launched a series of acquisitions and acquisitions, including an 11% stake in the Canadian Coinsquare Cryptocurrency Exchange and a mining operation in the American Midwest with 3,000 Antminer S9 and 12 MW of capacity
Playboy Sues Global Blockchain Technologies:
Looks like the rabbits are not as soft and cuddly as you would think. Playboy Enterprises sued Global Blockchain Technologies investment company for breach of contract. Apparently, the global Blockchain failed to produce a digital wallet that integrates with the Playboy multimedia site, Playboy.tv. The company in Heff also states that the investment firm has failed to deliver 4 million dollars, a significant part of the agreement
Ohio recognizes the data legally by Blockchain:
After being orphaned for years, blockchain data is now being adopted in the Ohio legal framework. The bill, signed in law last Friday, recognizes the data stored on the blockchain and through smart contracts as electronic records. Ohio now joins Arizona in the friendly children's club of the states by legally recognizing the data stored in blockchain while California is still being worked on.
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Saudi Arabia Bans Bitcoin:
The Kingdom of L & Saudi Arabia, through the Saudi monetary authority, has declared that cryptocurrency as Bitcoin is illegal in Saudi Arabia with the goal of "protecting people from themselves" from the "negative consequences" and "high risk" associated with digital currencies. The Saudi Monetary Authority is the central bank of the kingdom and is responsible for regulating and issuing the Riyal, overseeing banks and foreign exchanges, and monitoring and protecting the national financial system.
SAMA commented: "The committee assured that virtual currencies included, for example, but not limited to, Bitcoins are illegal in the Kingdom and none of the parties or individuals are authorized for such practices. and residents on drifting after such a pattern of illusion and enrichment due to the high regulatory, security and market risks involved, not to mention the signing of fictitious contracts and the transfer of funds to unknown recipients / entities / parties. "
UEFA distributes Super Cup tickets via Blockchain:
Rejoice, sports fan. Blockchain-based tickets could soon become the new norm. UEFA has tested a blockchain system for mobile tickets from the start of the year. And so far, everything has gone very well. So much so that the organization felt at ease expanding this distribution of the blockchain system to the Super Cup this week. Tickets on the blockchain reduce the risk of fraudulent tickets and contribute to reducing the margin of sales on the secondary market. UEFA has stated that it will continue to use the blockchain forward.
South Korea is betting big on Blockchain:
South Korea is doubling its technology. The Ministry of Economics and Finance revealed this week that the government has allocated 1 trillion won (~ $ 880 million) for technological innovation in 2019. Technology spending will be in the areas surrounding Big Data, IA and, of course, blockchain. The award of 1 trillion won is an increase of 80% compared to the 2018 expenditure.
Iran gives the United States the Runaround, developing its own cryptography:  In a move to evade US sanctions, Iran has announced plans to develop its own national cryptocurrency. The announcement is apparently in response to President Trump's statement that the United States would withdraw from the Iranian nuclear deal. The Iranian economy has been shaky in the best of recent years, causing many Iranians to look to external assets like Bitcoin to maintain value. It seems that the Iranian government is hoping to keep the capital inside the country through the launch of the cryptocurrency.
U.K. The Government Heats Up with Smart Contracts in Law:
The UK government is doing its part to keep up with the times and keep the British law in line with modern technology. The UK Commission has revealed in its annual report that a legal framework for smart contracts is in progress.