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Crypto Space Over The Past Week From 4 To 10 Of June, 2018

At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week Bitmain announced plans to launch IPO and Japan closed the first cryptoexchange.

Top News

The main news of the beginning of the week was the purchase by Microsoft of a popular service for developers GitHub. In the cryptocurrency community, the news about the purchase of the service was not very positive.

Moscow Stock Exchange will create an infrastructure that will allow Russian and foreign companies to conduct ICO in the future.


Apple co-founder Steve Wozniak, like the creator of Twitter Jack Dorsey, hopes that bitcoin will become the only global currency. In the comments to CNBS, he said that he supports what Dorsey says, "not because he believes that this will happen, but because he wants it to be so."

The head of Binance Labs, Ella Zhang, believes that if the ICO bubble bursts, it will benefit the cryptocurrency industry. According to Zhang, while the "bullish" market adheres to positive dynamics due to a steady influx of new users, cryptocurrencies, but only the ICO bubble gap will open up really valuable projects for the industry. Zhang does not undertake to predict when this can happen.

In the latest report of the International Monetary Fund, the Deputy Director of the Monetary and Capital Markets Department (MCM) , Dong He, said that bitcoin's volatility may decrease due to the long-term use of trust from the institutions, and artificial intelligence will be able to ease the effects of shocks.

The cyber company Carbon Black announced that in the first half of 2018 hackers stole $ 1.1 billion in digital currencies. The company claims that there are now about 12,000 trading platforms, as well as 34,000 offers related to the theft of cryptocurrencies , which can be used by hackers.

The six separate EOS network snapshots show that only ten addresses own 49.67% of the total amount cryptocurrency., a company behind ICO of this cryptocurrency, owns 10% -100 million tokens EOS or $ 1.5 billion.

Ethereum recently generates about 100,000 new addresses a day, with the total number of addresses on the platform exceeding 35 million, of which only 550,000 are active. These figures show just how small the cryptocurrency market is. Compared with the same banking system, it is still at the beginning of the way. At the same time only a half of the world population actively uses bank accounts).


CEO and co-founder of Binance, Changpeng Zhao, has reported that the company has opened office on Malta.

Japanese authorities for the first time closed the cryptocurrency exchange FSHO. FSA decided to close the exchange, believing that FSHO does not have the systems necessary to manage the business.

Bithumb removed all suspicions associated with the alleged tax evasion for 2017. This decision was announced on June 8 following a detailed audit of Bithumb. By the way, according to the interrogation of the exchange, 42.8% of cruptocurrency investors at Bithumb intend to go for a long-term perspective.

On June 6, Huobi exchange announced plans to allocate $ 166 million in the equivalent of Huobi Token for developers who will help it create the Huox Chain Project's open-source blockchain protocol.


Bitmain is considering the possibility of lanching its own IPO. According to the head of the company, Jihan Wu, Bitmain is worth $ 12 billion, and according to other estimates this figure is $ 8.8 billion.

The company, engaged in cryptocurrency mining, will spend $ 700 million to create the largest mining center in the world in New York. Representatives of the company report that the mining center, designed for consumption of 435 MW/h, will reach full capacity within a year.

Japanese IT giant GMO Internet at a press conference on June 5 unveiled the prices and technical specifications of its ASIC-miners based on 7-nm chips. Asic will provide a hashrate of 24 th/s with consumption at 1950 watts (81 watts per 1 terraesh per second) and will cost $ 1999.


Samsung SDS, a subsidiary of the South Korean giant that provides IT services, is launching a financial blockchain platform that will also be equipped with artificial intelligence. A new platform called Nexfinance will provide digital identity management services, finance and automatic insurance payments.

Also, Fujitsu announced the launch of the storage system. With its help, retailers can tokenize traditional means of promoting products - coupons and bonus points.

Mastercard is studying a public blockchain to securely check payment cards at points of sale. According to an application published by the US Patent and Trademark Office (USPTO), Mastercard has developed technological ways of sending data and getting it back to confirm user credentials in a "public blockchain".

Slovenia announced that its largest shopping center, BTC City, will indeed turn into a bitcoin-city in which all shops and services will accept cryptocurrency and work with the use of blockchain technology.

Other news

On June 2, the ZenCash (ZEN) cryptocurrency, which was recently listed on Binance, experienced a 51% attack. Customer funds are not affected, but the attacker managed to launch two large transactions with a double waste.

In the hardware wallet KeepKey added a support for ERC20 tokens. Now users can send, receive and exchange 30 ERC20 tokens directly in this wallet, whose functionality allows you to display the name of the token, the amount, address and total cost of gas for the transaction.

The cryptocurrency startup Circle is going to register as a bank with a US federal license. If successful, the company, supported by Goldman Sachs, will be able to trade tokens, which under US law are considered securities.

The Federal Tax Service sent a letter to the tax authorities of the Director of the Department of Tax and Customs Policy of the Russian Finance Ministry Alexei Sazanov, which says that since the legal status of the cryptocurrency is not defined in the legislation of the Russian Federation, individuals are required to independently calculate taxes from operations with crypto-currencies and submit tax returns to tax authorities .

John McAfee intends to run for president in the United States in 2020. In his Twitter account, he said that if he was nominated by the Libertarian Party, he would run from it in order to "maximize the effectiveness of crypto community by creating a common platform for the election campaign."