EOS Takes a Vow, Malta at the UN, and an $8 Billion Valuation: This Week in Crypto

Hoop-la

Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, pinch sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Ad lib Music, Spotify, Soundcloud, YouTube or wherever you get your podcasts. Also as though sure you check out our interview with Caitlin Long.

Price To:

• Bitcoin is down 1.11% this week following a stable few weeks. Bitcoin is up 1% this month and remains to oscillate around the $6,500 level.
• Ethereum is down 4% this week to $222, ignoring the negativity around some of Ethereum’s fundamentals, analysts are gaining trust that Ethereum bottomed out at $170 after a long slide dim from over $1,000 at the peak of the great bull run of 2017.
• The entire mint market capitalization is down around 1.8% in what’s been a slow week on honorarium movements. Ripple declined precipitously this week 

Bulls & Spawns:

 Tokens:

• Tether Dominates 98% of Stablecoin Trading Volume – In a come in titled The State of Stablecoins, digital assets tech firm Blockchain Luxembourg SA values that approximately 98% of the total daily trading volume of stablecoins is ruled by Tether. On a daily basis, this translates to approximately 60% of the diurnal trading volume of Bitcoin.
• Chinese Billionaire Bitcoin Investor ‘Done’ Put ining in Blockchain Projects – Li Xiaolai, the founder of Beijing-based venture capital inflexible BitFund and a widely recognized billionaire Bitcoin investor in China, has publicly majestic that he will personally move away from the blockchain and first coin offering (ICO) space.
• Block.one Vows to Use its EOS Tokens to Prevent Signify ones opinion Cartels – When cryptocurrency development firm Block.one concluded its endorse coin offering (ICO) and released the first version of the EOSIO software, it didn’t hardly raise a record ~$4 billion in crowdfunded contributions — it also received 100 million of the 1 billion EOS tokens about through the network’s Genesis block. Now, the well-funded blockchain startup is vowing to use those marks to stave off any block producer voting cartels, whether they are set now or arise sometime in the future.
• XRP is ‘Very Clearly Decentralized’: Ripple CEO – Splash CEO Brad Garlinghouse in a recent interview with financial news relief Cheddar spoke to some of his critics concerns this week. Garlinghouse, who was treat of on the sidelines of the Ripple-sponsored industry conference “Swell” in San Francisco, said that he supposes XRP is “very clearly decentralized.”

Governments:

• Malta PM Talks Crypto at UN Heterogeneous Assembly – At the UN General Assembly,  Malta Prime Minister Muscat highlighted that recognizing the potential of the blockchain, Malta has openly embraced the crypto demand and businesses within it, leading the global cryptocurrency sector with favorable adjustments and practical policies. The island has been rewarded with investments from the likes of Binance and endorsements by its CEO Changpeng Zhao.
• TechCrunch Founder Outraged at US SEC – Michael Arrington, the co-founder of TechCrunch, signaled that his venture capital firm has decided to move out of the US and relocate to Asia after the SEC sent two subpoenas to XRP Choice. Outraged by the decision of the SEC to crack down on local companies and investment entourages, Arrington added: “the U.S. has already been left behind.”

 Exchanges:

• Bequeath Coinbase Achieve $8 Billion Valuation? – Tiger Global, a U.K. hedge pool that invests mainly in global consumer brands, is reportedly in view of a $500 million investment in Coinbase, which would boost the startup’s valuation reserved to $8 billion and strengthen the cryptocurrency market’s legitimacy, according to origins that spoke to Recode. The investment would make Coinbase one of the highest valued U.S. startups.
• BitMEX Pecks Former Hong Kong Regulator as Chief Operating Officer – BitMEX, one of the largest cryptocurrency sell platforms, has named Angelina Kwan, formerly managing director and supervisor of regulatory compliance for Hong Kong Exchanges and Clearing Limited (HKEX), as its chief handling officer. Kwan, who joins the company as it rides exceptional growth, force work with regulators worldwide to develop rules that disposition support cryptocurrency’s continued growth.

Featured image from Shutterstock.

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