Despite some pessimistic moods in the crypto community, Changpeng Zhao, the CEO of Binance, believes that crypto still has room for 1000x growth in the upcoming years.
Vitalik Buterin gives a logical explanation saying not just ‘euphoria’ but ‘actual usage’ will support the future growth of digital currencies.
The team of Waves Platform, a decentralized blockchain platform focusing on custom blockchain tokens operations, started discussion with the Maltese government for blockchain use cases.
Malta has become a very atrracrive country for crypto firms. Binance is planning to launch a crypto exchange in cooperation with the Malta Stock Exchange.
Paris Saint-Germain football club has announced its partnership with tokenization platform Socios.com, and will soon launch a token ecosystem.
The new project of a Korean e-commerce company TMON aims at creating blockchain-based digital payment system. The solution is expected to lower the fees and help small retailers compete against industry giants.
The Chinese authorities make new attempts to block the access to the overseas crypto trading platforms. Local websites and WeChat accounts accused of providing crypto trading or ICO services also get under the hammer.
A world-famous cryptocurrency startup Coinbase has acquired a digital identity startup Distributed Systems and to develop digital identity solutions.
![Weekly Blockchain Industry Report [August 4 – 10, 2018]](https://www.coinspeaker.com/wp-content/uploads/2017/11/report.jpg)
This week, the crypto market continued the bear trend. Major cryptocurrencies suffered price delince more than 10%. Among which, XRP got hammered and experienced greates loss of 26.2%. Apart from emotional factors, the major reason for this hit is the news that SEC rejected the application of Bitcoin ETF. We’ll dive deeper into this issue in the report.
Binance has currently released a “rough, pre-alpha” of the decentralized exchange, which is currently only client-based with no working graphical user-interface.
A blockchain-powered platform Neufund has teamed up with a crypto exchange BitBay to enable investors buy and sell equity tokens with fiat currencies.
OTC market is an important part of the crypto community, but the recent research claims that its volume has been underestimated, which can explain the difficulties of predicting movements of BTC and other cryptos.
Binance, the world’s largest crypto exchange based on volume, has made its first public acquisition, having bought a decentralized Trust Wallet that supports Ethereum and Ethereum-based tokens.
There are lots of crypto portfolio management apps, but even the best of them are far from perfect. The range of problems varies from annoying manual entry of wallet addresses to losing money because of slow price updates. ORCA Alliance claims to offer the solution that solves all these issues – PYGMY.
Amid high volatility of crypto markets that shift from bear to bull trends in a blink of an eye, knowing key principles of investing is a must which will certainly make difference.