Crypto Space Over The Past Week From 25 Of June To 1 Of July, 2018
At the end of the week, we resume everything that the crypto community talked about over the past seven days. This week Facebook stopped the ban on advertising digital currencies and TRON cryptocurrency activated its main network.
Facebook stops the ban on advertising digital currencies and allows the promotion of cryptocurrency services and exchanges. The ban continued to advertise ads promoting ICO and binary options.
Bitmain operates more than 43% of bitcoin network hashrate. In the future this can create problems for bitcoin, which is not going to change its Proof-of-Work algorithm.
Stablecoin Tether (USDT) has issued another 250 million tokens. The founder of Litecoin Charlie Lee wrote on Twitter that the issue of 250 million USDT can be compared with the placement of the same amount in dollars at the crypto exchange. He doesn't exclude that price jump that will happen when buying a crypto currency for the funds released.
The Japanese instant messenger Line with 200 million active users next month will launch its cryptoexchange called BitBox. The launch of exchange can potentially attract a large number of new users to the cryptor, although at the start BitBox will not serve users from the US and Japan due to the uncertainty of the regulation.
TheStreet journalists talked with investor Tim Draper at the Tech Collision conference and continued the conversation after his speech at the Fed, where he told the people in charge of the US monetary policy that it was time for them to look for a new job, as the fiat currencies would gradually be replaced by decentralized digital assets.
Fortune magazine spoke with the head of the Polychain Fund Olaf Carlson-Ue about his views on the future of digital assets in the context of the fact that large venture companies experimented with different investment structures.
Apple co-founder Steve Wozniak at a conference on NEX technologies in New York said that the blockchain reminded him of the dot-com bubble in the early 2000s, and noted that it may take some time to uncover the potential of the decentralized ledgers.
Bitcoin developer Jimmy Song said that the use of blockchain technology for private centralized systems, such as corporations, "makes no sense."
Cryptocurrencies and blockchain
Ant Financial tested the money transfer system on the blockchain. The company, formerly known as AliPay, transferred funds between its AliPayHK application (Hong Kong) and the Philippine GCash payment application (it is a joint project of Alibaba and local telecommunications company Globe Telecom).
TRON (TRX) has activated its mainnet. The beta version of the mainnet started on May 31. The move took almost four weeks: the developers wanted to make sure that investors managed to transfer their ERC20 tokens to the new network. Also on June 26, TRON founder Justin San reported "burning" 1 billion tokens, which in theory should have triggered a price increase for TRON, but on the night of 25 to 26 June, TRON became the anti-leader in the depreciation of top-end cryptocurrencies. Well, Pornhub now accepts Tron (and Zencash) as payment.
— Pornhub ARIA (@Pornhub) June 27, 2018
Cryptocurrency Zcash in the morning on June 26 realized its first fork called Overwinter. This event is primarily focused on the preparation of the Zcash code to hardfork Sapling, which is scheduled for October this year and should improve the performance of the cryptocurrency, get version control and protection against replay during network updates.
The messenger Kik has launched a beta test of its Kin cryptocurrency. According to the announcement of the company, a limited number of users (1000 beta testers) will be able to earn Kin in the beta version of the Kin Marketplace, participating in surveys and working on educational materials. The tokens themselves can be used to purchase premium themes in the messenger.
Mastercard get a patent for anonymous blockchain transactions. Mastercard argues that the transparent nature of conventional transactions on blockchain creates an obstacle in using this technology for daily payments.
Binance, the world's largest cryptocurrency exchange, announced the lanch of a platform in Uganda called Binance Uganda. After the launch (its exact date is still unknown), the exchange will take zero commissions. The first 20,000 users who register on the new site will receive 0.5 Binance token (BNB) as a token of appreciation.
Huobi Pro is about to stop providing services to investors residing in Japan. June 27, cryptocurrency exchange seny this news to its Japanese customers by e-mail. According to e-mail the website will cease to serve them on July 2.
Bithumb cryptocurrency exchange, which was robbed last week, said it managed to almost halve the damage. According to the company's representatives, they achieved such a result in cooperation with other exchanges, and also because they successfully prevented further loss of funds.
Investments and business
Blockchain moved to a new address (Blockchain.com) and launched a platform for institutional investors called Blockchain Principal Strategies (BPS). The platform will provide secure access for companies and retail investors to markets, services and research.
Representatives of Qiwi Blockchain Technologies (QBT), a subsidiary of Qiwi payment service, launch the first cryptoinvestment bank in Russia. A new company registered in the Russian jurisdiction will operate under the brand HASH. The project is based on the classical model of investment banking, but it will work in virtual markets.
Andreessen Horowitz, a renowned venture capital company in the Silicon Valley, has announced the creation of an investment fund of $ 300 million. It will be focused on the cryptocurrency market and blockchain projects.
The US Department of Justice released the results of the first nationwide campaign to combat the sellers of illegal goods in the Darkweb, in which 4000 bitcoins were seized. At the same time, the Federal Bureau of Investigation of the United States currently conducts at least 130 cases related to cryptocurrencies.
Bryan Armstrong, CEO of the Coinbase, launched the GiveCrypto project, a cryptocurrency charitable organization whose goal is direct financial assistance to people in need.