The battle between bulls and bears continues, and the first seem to overpower. This week graph was showing a clear upward trend at the first half of the week. The crypto community extensively discussed the “bullish” pattern in the technical analysis called “golden cross”, which could potentially indicate the long-term upward trend.
The optimism was fueled by speculations over the fact, that NASDAQ might have been testing adoption of BTC – some community members are holding out hope for bitcoin listing, speculating on the potential occurrence of “black swan event”. Additionally, the growth of adoption was shown with week by bitcoin volumes on LocalBitcoins reaching its all-time highs in Argentina, Colombia and Kazakhstan.
Big corporations continued to show interest in the blockchain tech and its applications. This week Samsung was mentioned as the big player that plans its own independent blockchain ecosystem that will be fueled by Samsung Token. Masayoshi Son, the founder of Japanese financial holding conglomerate Softbank Group, has indicated that SoftBank is working on blockchain-based technologies, despite the fact that he personally has lost around $130 million as he bought bitcoins near the all-time high of $20,000, Last, but not least, one of the most respected auditing firms globally, Ernst & Young, has stamped its footprints into the blockchain industry, launching a Smart Contract Analyzer for the Ethereum (ETH) ecosystem. Government agencies did not stay behind: еhis week Afghanistan and Tunisia central banks have shown interest in issuing Bitcoin BTC) Bonds.
Some exchanges had a great time this week, like Binance, that celebrated the launch of Binance DEX, the company’s decentralized exchange running on its native Binance Chain. Obviously, this launch brought BNB investors quite a return, as the token was nearing its historic all-time high. Some exchanges had certain difficulties. Coinbase is closing down its Chicago office that has been operating for less than a year. On the other hand, Coinbase have received most probably the inflow of fans, after Serena Williams has revealed making an investment in the crypto exchange via her VC firm. More importantly, two major cryptocurrency exchanges, Huobi Japan Inc and Fisco Cryptocurrency Exchange Inc, are now under investigation by the Financial Services Agency (FSA) of Japan.
The retail market might be very close to revolution with one of the main rivals of Amazon, Rakuten, starting accepting registrations for its platform, Rakuten Wallet. The increasing competition pressure in the fintech brough us JPMorgan Chase announcement on expenditure of its blockchain project that will now include over 220 banks. And one of the hottest crypto markets in the world had welcomed a new player, as LedgerX, a bitcoin derivatives exchange, has announced plans to join the physically-delivered crypto futures market.
Competition always has brought incredible innovations. This week Newconomy.media team had an honour to interview such projects, as Fin Foundation, that aims to implement token payment on gas stations around Europe, Russia and South Korea; SensoRehab, that has developed a revolutionary medtech solution for post-stroke rehabilitation; Senso, that has introduced a “Suit” for diving In the virtual reality; advertising platform CPAExchange, which is targeting at becoming a “universal gateway” between the business community and advertisers. Also, during this week DAO Club meetup, AIVIA representatives have shown their beta version on testnet – the open source blockchain solution for financial organizations.
Some things come unchanged. Crypto world is yet full of mysteries, like we have shown in the material on IMMO foundation. But this week some light on the biggest mystery was brought by Sergio Demián Lerner, who published a new study which finds that a single miner (probably, Satoshi) has mined approximately 1.1 million bitcoins in the period from 2009 to 2010. But McAfee seems to be ready to go even further, claiming that he knows the true identity of Satoshi and threatening to reveal his real identity due to imposters frustrating activity.
Recent news on Facebook hiring the ex-NSA mass surveillance architect has contributed to the ongoing debate for privacy in internet and an urgent need for new and safer solutions. That is why this Thursday, Mark Babbit, CEO of Cryptviser, has joined DAO Club community discussions, presenting the Cryptviser blockchain messenger and explaining why blockchain is in the heart of their solution for users security and privacy.
In the IEO section, DAO Club has covered the token sales of the decentralized lottery service Blockbuster on Coineal Launchpad platform, Crypto Neo-value Neural System (CNNS) on new IEO-platform Gate.io, tokensales of Matic Network on Binance Launchpad. Additionally, ADAB solutions representative, Alexander Mamasidikov, has shared the company experience of being the first one launching an IEO on BitForex platform. Oleg Sharpatyi from W12 team, that has developed a protocol that allows to create smart contracts for execution without programming skills, has shared the company plans for upcoming IEOs .
This week was brightened up with Blockchain Live Asia Conference 2019 in Singapore, that was covered by Newconomy.media reporter. Also, our team representative has visited BitPax office and talked with their chief-managers, who explained why South Korea might be a perfect start to conquer asian markets.
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