Weekly Crypto #2
Stay ahead of the game with weekly industry updates, aimed to capture all important crypto and blockchain news of the week.
The last week of July brings interesting new developments and big picture overviews on the cryptocurrency market and blockchain economy. Once again it looks the new industry is like New York, the city that never sleeps. This week is in the light of crypto price rally with bitcoin’s highest price in the last two months; and few bigger decision and opinions from the regulators.
Regulations & Finance
EU Issues Worrying Warning Over Future Of Bitcoin: Price aside, adoption is still lagging behind expectations and so is the sentiment of regulators. EU delivered a report on fintech competition about the possibility ob negative consequences in case (central) banks promoted permissioned cryptocurrencies or limit competition in the cryptocurrency market.
Cryptocurrency is just one of seven types of cryptoassets you should know: With a lot of hype in the market, and Bitcoin leading the media headlines, it’s useful to get to know other digital assets, cryptocurrencies and networks. At least seven categories are broken down and explained by the authors (Alex Tapscott) of “Blockchain revolution”.
Congress Goes Crypto: An Overview Of Digital Asset Regulation: US Congress held a hearing about the future of blockchain and cryptocurrencies, with goals to promote a safer token market, proper regulation and to understand more why the blockchain technology is valuable. Most talked about was the address to Congress by Amber Baldet on how to take a more proactive approach to regulation. And, for mentioning that “Satoshi is female”.
Winklevoss Bitcoin ETF (exchange-traded funds) request rejected: The U.S. Securities and Exchange Commission (SEC) are still concerned about sufficient protection from manipulation on the bitcoin markets. Chris Concannon, COO of CBOE Global Markets, added: “Investors are better served by products traded on a regulated securities market and protected by robust securities laws and we will continue to work with the SEC and ETF issuers to construct a fully regulated product”.
G20 Nations Seek Cryptocurrency AML Regulation Standards by October 2018: A group of finance ministers and central bank governors from the EU and 19 of the world’s largest economies reiterated their position on a plan for “vigilant” monitoring of cryptocurrencies. They also stated that crypto-assets do not at this point pose a global financial stability risk.
Industry & Technology
CoinDesk Releases Q2 2018 State of Blockchain Report: CoinDesk released a report with over 100 slide analysis of industry news and data, covering market interest in public blockchains, a deep dive into interest around bitcoin and ethereum, developments around trading, ICOs, venture capital, distributed ledger technology (DLT), security, regulation and more.
Industrial IoT connections will reach 46 billion by 2023: Juniper Research outlines the phases of Industrial IoT adoption, exploring new wave of connected devices and connectivity benefits of the upcoming 5G networks. According to research, we are now reaching Phase 3, which started two years ago and marks the attention industries are paying to the potential of IoT.
The blockchain begins finding its way in the enterprise: In moving towards adoption, many companies are exploring ways to implement blockchain in their services, among them SAP, IBM, Oracle, Microsoft and Amazon. One of the obstacles to adoption, as identified by Joshua McKenty, is that bitcoin and blockchain have a negative connotation like Napster had in late 90s.
Coinbase Rolls Out Crypto Gift Card Service to EU and Australia: Spending cryptocurrency on e-gift cards is now a reality. As Coinbase announced, customers can spend their crypto with some retailers, like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and more.
Lufthansa and SAP Invite Startups to Develop Blockchain Ideas for Aviation Industry: A blockchain competition called Aviation Blockchain Challenge was created by those companies , that invites startups “to come up with ideas for blockchain use cases in the aviation industry, from enhancing travelers’ experience to streamlining processes like supply chain and maintenance.”
EU Issues Worrying Warning Over Future Of Bitcoin: Price aside, adoption is still lagging behind expectations and so is the sentiment of regulators. EU delivered a report on fintech competition about the possibility ob negative consequences in case (central) banks promoted permissioned cryptocurrencies or limit competition in the cryptocurrency market.
Cryptocurrency is just one of seven types of cryptoassets you should know: With a lot of hype in the market, and Bitcoin leading the media headlines, it’s useful to get to know other digital assets, cryptocurrencies and networks. At least seven categories are broken down and explained by the authors (Alex Tapscott) of “Blockchain revolution”.
Congress Goes Crypto: An Overview Of Digital Asset Regulation: US Congress held a hearing about the future of blockchain and cryptocurrencies, with goals to promote a safer token market, proper regulation and to understand more why the blockchain technology is valuable. Most talked about was the address to Congress by Amber Baldet on how to take a more proactive approach to regulation. And, for mentioning that “Satoshi is female”.
Winklevoss Bitcoin ETF (exchange-traded funds) request rejected: The U.S. Securities and Exchange Commission (SEC) are still concerned about sufficient protection from manipulation on the bitcoin markets. Chris Concannon, COO of CBOE Global Markets, added: “Investors are better served by products traded on a regulated securities market and protected by robust securities laws and we will continue to work with the SEC and ETF issuers to construct a fully regulated product”.
G20 Nations Seek Cryptocurrency AML Regulation Standards by October 2018: A group of finance ministers and central bank governors from the EU and 19 of the world’s largest economies reiterated their position on a plan for “vigilant” monitoring of cryptocurrencies. They also stated that crypto-assets do not at this point pose a global financial stability risk.
CoinDesk Releases Q2 2018 State of Blockchain Report: CoinDesk released a report with over 100 slide analysis of industry news and data, covering market interest in public blockchains, a deep dive into interest around bitcoin and ethereum, developments around trading, ICOs, venture capital, distributed ledger technology (DLT), security, regulation and more.
Industrial IoT connections will reach 46 billion by 2023: Juniper Research outlines the phases of Industrial IoT adoption, exploring new wave of connected devices and connectivity benefits of the upcoming 5G networks. According to research, we are now reaching Phase 3, which started two years ago and marks the attention industries are paying to the potential of IoT.
The blockchain begins finding its way in the enterprise: In moving towards adoption, many companies are exploring ways to implement blockchain in their services, among them SAP, IBM, Oracle, Microsoft and Amazon. One of the obstacles to adoption, as identified by Joshua McKenty, is that bitcoin and blockchain have a negative connotation like Napster had in late 90s.
Coinbase Rolls Out Crypto Gift Card Service to EU and Australia: Spending cryptocurrency on e-gift cards is now a reality. As Coinbase announced, customers can spend their crypto with some retailers, like Nike, Tesco, Uber, Google Play, Ticketmaster, Zalando, and more.
Lufthansa and SAP Invite Startups to Develop Blockchain Ideas for Aviation Industry: A blockchain competition called Aviation Blockchain Challenge was created by those companies , that invites startups “to come up with ideas for blockchain use cases in the aviation industry, from enhancing travelers’ experience to streamlining processes like supply chain and maintenance.”
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