📘 Weekly report: crypto/blockchain [news+tokens+market] (July 9 - July 15, 2018). Do not miss
Hi there! We are very attentive to the news about crypto-currencies and blockchain: on the one hand, it reflects the current situation on the market, on the other hand, news influence the mood of investors, traders and just interested people. In this post you can find not only past news, but also announcements of events on the next week.
Go to any post that was published this week - use the Calendar.
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💵 Markets and Sentiments
At the beginning of the week, Bitcoin, despite the high pressure from the bearish tendencies, looked quite positive, and almost reached the mark in the $6800-$6900 area. However, soon the rate of the capital-forming currency began to be corrected in accordance with the expected trends. Thus, we received $6,842 and $6,076 as the most significant high and low points on this week.
At this moment, Bitcoin has a Major Support Level at $6,000, and Major Resistance Level at $6,450. If a reversal happens, we will see a return of the price from $6,300 to below $ 6,175.
Don’t you know? Due to the activation of SegWit protocol last year, almost all the blocks produced now inside the Bitcoin network weigh on average 1.06 MB, some of them exceed the limits of 2 MB.
📘 ~ History ~
09/7 EOS New York reported the cause of the fall of the network on July 8 (settings of the base node). NEO ecosystem of the projects continues to warn users about the Bitpaction fraud activity. Real use: Walmart is going to use blockchain for the package tracking. Platforms: Ledger Live is available now. Law & regulation: Australia’s Tax Agency will track the offshores of the crypto holders; until July 31, 2019 broker-dealers will provide a report on the activities with crypto-currencies in FINRA.
10/7 Bancor under attack: about $13,5M stolen. Block.one’s Participation as Voting EOS Community Member (EOS Price lost 13%). Announcement: Initial Convertible Coin Offering (ICCO) launching by Bittrex + Palladium and Unikrn.
11/7 Continuation of local trends on the market. WEX’s fraud activity. Litecoin Foundation acquired a 10% stake in the German bank. Dash reminds everyone to use the latest version of update before the fork. Binance became the investor of the world's first decentralized bank in Malta region.
12/7 Creation of a working group on the investigation of criminal activities with crypto-currencies: USA. AML Quality Control Manager at Bank of Montreal as Chief Compliance Officer will work with Tether, to control the organization’s processes.
13/7 New York will allow miners to set tariffs for electricity on an individual basis. OKCoin USA launched crypto/fiat trading. US: crypto-currencies can be used by Russian officers to change the results of US elections.
14/7 Coinbase announced the "possible" support for Cardano, BAT, Stellar, Zcash and 0x. Enlightenment-to-banks action in Slovakia. “We just launched a petition to bring Ross home” petition on Change.org; (founder of Silk Road). The number of open Lightning Network (LN) channels in the Bitcoin’s main network exceeded the mark of 9000.
15/7 Continuing dispute between banks and cryptocurrency exchanges in Chile. This week didn't bring positive news to Indian crypto industry: The Reserve Bank of India has justified its crypto banking ban. First Bitcoin [BTC] ATM now in Malta.
To be continued...
[We are also sure important events for crypto-currency and blockchain have occurred in your country . If you know more, leave a comment about it].
🔮~ Future ~
16/7 The Global Blockchain Congress (July 16 - 17, 2018): Riccardo Spagni (Monero) as speaker. World Blockchain Roadshow: general event (Monaco).
17/7 Beyond Blocks Summit SK will be started on July 17-18 in Seoul, South Korea. Trade.io will launch crypto exchange (to be confirmed).
18/7 The day of Cboe XBT Bitcoin Futures Trading Expiration. Cryptocurrency World Expo will take place in Warsaw. World Blockchain Roadshow now in Andorra.
19/7 Distributed 2018 begins (July 19-20) – for decentralized business. Launch of the Pre-Alpha version of The Abyss. ZenCash hardfork /supernodes introducing.
20/7 Waves on the Summer Road Show Berlin. VeChain Token swap becomes available (or earlier). See also: IOTA Mobility Hackathon will take place in Munich on this day.
21/7 BlkChn Partners Summit with Changpeng Zhao, Roger Ver, Da Hong Fei and many others.
22/7 Blockchain Partners Summit 2018, July 21–22, Seoul, Korea: 50+ speakers.
📌 Projects & tokens
Development, start-ups and partnerships - that's what the crypto-currency market needs today, and this is the direction in which way blockchain industry evolves today. Cooperation and research of new opportunities now attracts several blockchain-based projects at once.
Ethereum (ETH)
Surprise: Google's Co-founder Sergey Brin mines Ethereum (in general, it's not so unexpected, right?). And, of course, many people think that belief in Ethereum = belief in Vitalik Buterin, a well-known person in the industry. Co-founder of Ethereum joined a twitter discussion about country currencies in an unusual way, saying that “Plasma [ETH implementation] is almost ready”. And, during the week, Vitalik was strictly opposed to the centralization of crypto exchanges, having entered into a discussion with the co-founder of Binance, Changpeng Zhao.
TRON (TRX)
Despite the fact that the number of transactions is still small, the TRON's (TRX) blockchain is moving up. Twitter has visited TRON office on the July 11, 2018: rumors of partnership have seized the entire Internet, which is close to the industry. And what’s important, the TRON platform named its six representatives who are testing the network. The competition from the Binance exchange also ended: the main prize of 2,000,000 TRX belongs to the participant investor.
Cardano (ADA)
Recently, the price of the ADA asset jumped up when Coinbase announced the "possible" support for Cardano, BAT, Stellar and some other currencies. Earlier, rumors of a partnership between Google and Cardano have not been confirmed, but we realized that the discussion between Charles Hoskinson, CEO of Cardano [ADA] and Google united the industries with common views.
Read today’s review for the Cardano’s community.
Many other projects have made important steps for the development of blockchain and their own platforms (including the less-known of them) during this week.
Summary
While the market is falling, we are seeing the continious development of the industry. Many investors are also afraid of regulation by state and financial structures. However, we are sure that the great future is yet to come - even if it will be such as we can't imagine today. Let's follow the market news with us.
💰Market Cap: $254 328 654 003
💵 24h Vol: $9 879 965 074
↗️↘️ Bitcoin: $6 360,49
↗️↘️ Ethereum: $446,70
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I hear here and there EOS, EOS dapps, EOS makes... Will it kill ethereum?
I don't think one of them will kill another. Both of them can have a future especially with enough support from the community. They are have very strong teams and they are different in many ways. Consensus is very important factor and we don't know which one of them is better fo sure. But we will use both and only time will show which one.