So what if cryptocurrency prices have been on a downward slope since the beginning of this year? It’s nowhere near bad enough to stall the ongoing growth of the crypto space, according to Ethereum co-founder Joseph Lubin who recently appeared on Bloomberg to talk about the current state of the global digital assets market, and the 2017 crypto “bubble”
In recent times, there has been a remarkable surge in bitcoin and cryptocurrency trading in Turkey’s exchanges. President Donald Trump announced in August 2018 with respect to doubling metals tariffs to Turkey is one of the reasons attributed to this surge. Turkish Lira has lost its value around 45 percent against the US dollar this year till now. Turkey’s economic crisis continues.
IOTA, a crypto related foundation, has released an important update on Aug 8, 2018. The update aims to address all probable doubts and fears after the transcript of a discussion among the Founders and Senior board members was leaked. MoU to be signed on or before Aug 10, 2018, to nominate IOTA founders to its official board.
Binance CEO Changpeng Zhao has given the cryptosphere a sneak peek at the long-awaited Binance decentralized exchange (DEX) platform in a video posted on YouTube. Zhao also linked the video in a tweet posted on August 9, 2018.
Opera becomes the first web browser to introduce the built-in crypto wallet for the desktop browser. The announcement was made in a press release on August 8, 2018. Now users can make Ethereum payments straight from their browsers. There is no need to have complex extensions or special apps. This is Opera’s second step towards making cryptocurrencies and Web 3.0 mainstream. Earlier in July 2018 Opera had introduced mobile crypto wallet for the Android version. The new desktop version has improved user security features.
Goodlatte, who chairs the House Judiciary Committee, holds close to $80,000 in cryptocurrency. The disclosure was made in his annual financial disclosure in May 2018. The new rule of the House Ethics Committee mandate members of the house to disclose their cryptocurrency holdings the same way they disclose other assets.
Goldman Sachs Group Inc. is reportedly set to become the first financial institution in the world to offer crypto custody services, in what could potentially be massive news for crypto investors. According to the report, the bank is seeking to hold crypto funds on behalf of clients who are investing in crypto, offering them enhanced holdings security and potentially sparking an entry rush into the market by investors seeking to take advantage of the reduced risk profile.
After RBI’s recent ban on the support of banks for cryptocurrency exchanges, Indian exchanges like WazirX and Koinex Loop which offer p2p trading quickly popped up.
Though they are doing fairly well and at least allowing investors to trade in a less efficient way, Zebpay has not made any move so far.
Coinbase, the cryptocurrency exchange from San Francisco announced on August 1, 2018, that they are accepting the British pounds from now on. So, the Coinbase users now won’t have to bear the grunt of exchange fees while investing in cryptocurrencies.
At a time when widespread adoption is thought to be the Holy Grail of cryptocurrency development, a number of cities around the world have quietly distinguished themselves as hubs of crypto-acceptance. From Eastern Europe to North America, these cities are powering the future of bitcoin and cryptocurrencies by hosting a sizeable concentration of businesses and vendors that accept crypto payments. A new comprehensive ranking by Forbes gives a clear picture of where these crypto-friendly cities are, and a few interesting insights.