Waste from the ETF, money print and Woz: this week in cryptography


  Steve Wozniak Bitcoin

Be sure to check out our previous edition here, now let's go over what happened in the crypt this week. Also, be sure to sign up for this week's The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, Youtube or wherever you get your podcasts.

Price Watch: [19659004] Bitcoin rises 6% this week to $ 6,700 in a relatively quiet week. last week's fixed price and falls of 12% and 15% in previous weeks following a 2-week price increase that knocked down $ 8,000 before it fell to $ 7,000. At that time, most analysts had cited the reason why the decline was the second refusal of Winklevoss's ETF. Of course this week 9 ETFs were rejected by the SEC for reasons similar to their last refusal and it is expected that Bitcoin's ETF waste will continue for the next 18 months.
  • Ethereum is down 5% this week after decreases of 11% last week, 24% the week before and one- or two-digit month-old drops. Theories on why the falling etereum have remained different but consistent. A strong US dollar, rejection of ETFs and competing projects that sell ERC20 tokens and profits with shorts were all reasons cited for the precipitous decline of pawns.
  • The entire capitalization rose 3% this week to $ 217 billion after a relatively volatile week with interweek volatility of $ 20 billion. Most of the damage in the mid-week decline was taken by tokens that increased by 30-50% for around 48 hours before precipitately precipitating. An interesting development is faced with this volatility, Bitcoin has continued to show stability, which some analysts have seen as a sign of the maturity of the coins.
  • Currencies:

    • Tether Keeps Printing Money – This week – the price of the bitcoin jumped almost $ 300 in just one minute, stimulating a rally that brought the flagship cryptocurrency from $ 6,466 to $ 6,899 during a frantic half-hour trading. In addition to the accusations of rampant price manipulation by BitMEX, Tether data show a $ 100 million Tether value placed on the market a few hours earlier. This $ 100 million is on top of the $ 415 million tether value printed this month.
    • Bitcoin Cash Hard Fork Bitcoin Cash development team Bitcoin ABC is not pulling back from its plan to release a controversial software update in November, despite the votes of other development teams and at least one major pool data mining continue to use software that is incompatible with the new ABC client.
    • BitTorrent Inventor is no longer involved in the acquisition of Tron – The publication of the TorrentFreak sector reports that the founder of BitTorrent Bram Cohen, who created the BitTorrent peer-to-peer protocol in 2001 and founded BitTorrent Inc. in 2004, cut the bridges with the project.
    • Steve Wozniak joins Crypto Startup Equi – Best known for having founded Apple, Woz became a Bitcoin evangelizer and publicly stated that he hoped Bitcoin would become the world's first global currency. He later took a surprising view of the blockchain – stating that while Bitcoin was valuable, the blockchain was simply a bubble. Without abandoning his previous statement, he joined the Equi investment startup.


    • Tencent Softbank Deny reports investing in the last round of Bitmain – The Hong Kong financial publication AAStocks reports that both Tencent and Softbank have issued statements that deny their participation in the event. the last phase of financing the bitcoin giant, which several stores had planned to raise $ 1 billion.
    • Bitmain invests in Lambda: Bitmain, a Chinese manufacturer of bitcoin mining machinery, has invested an undeclared figure in the start of filing Lambda blockchain data. The Singapore-based startup has already conducted a tokenised private sales round that has attracted investments from FunCity Capital, BlockVC, BlueHill, Zhen Fund and other well-known institutions. You are now preparing for an initial coin toss (ICO) with the goal of raising $ 5 million
    • eToro Buying Ads trading platform in Bitcoin – eToro global online investment platform, which offers in particular cryptocurrency trading, has signed partnerships with seven major Premier League football teams – all paid in bitcoins.
    • Nvidia Quits Crypto – The world's largest graphics card and chip maker Nvidia has officially put an end to its crypto venture, with an official announcement. The move is strange considering that Nvidia generated a profit of $ 550 million, exactly 50% of Bitmain in the first quarter of 2018.


    • Exchange of Swiss digital goods to exclude Crypto – Business Insider reported this week that the new SIX Digital Exchange, which the owner of the SIX group describes as "the world's first market infrastructure to offer an end-to-end service for fully integrated digital asset management, regulation and custody". The group cited "reputation reasons" surrounding Bitcoin "as a reason for exclusion.
    • BitMEX rents the world's most expensive offices – According to the Hong Kong Economic Times, BitMin bitcoin trading company has just dealt with more expensive offices in the world According to the economic publication, the bitcoin exchange will occupy the 45th floor of Cheung Kong Center.The average rent per square foot in the new premises is US $ 28.66 , more than nine times higher than $ 3.18 per square foot that BitMEX was paying in its old headquarters
    • Korean legislators discuss ICO regulations – South Korea has started an extraordinary session in National Assembly to discuss the regulation and measures to promote the cryptocurrency industry together with the ICO guidelines and then subvert the current ban.

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