This week in crypto has seen a good announcements from government regulators talking crypto to huge spikes and movements within the crypto markets.
The most popular story of the week was probably the recent transaction which saw $1 billion worth of Bitcoin move between unknown wallets for a mere $700. What is even interesting is the fact that the sender was willing to pay 20 times more than the $35 miner fee for such a transaction.
You don’t hear tech giant, Apple, talking blockchain or crypto, but this week got everyone excited when CNN reported that an Apple executive revealed that the company is keeping an eye on digital currencies. It was reported the Jeniffer Bailey, VP, Apple Pay, said that the company finds crypto interesting and and it finds cryptocurrencies with ‘interesting long-term potential.” Whether Apple makes an announcement on the same at its upcoming September 10th, 2019 event or not remains to be seen.
Another big story of the week was the release of Telegram’s $1.7B highly anticipated TON Testnet code and NODE Software on its website. This first version of the blockchain features sharing and other functional consensus mechanisms.
For institutional investors, it was also good news to finally get their hands on Bitcoin with the launch of Bakkt Warehouse deposits and withdrawals. This weeks just two weeks before the custodial service rolls out daily and monthly Bitcoin futures on September 23rd.
There was also more news from the East with China’s Central Bank revealing that its forthcoming digital currency will bear similarities with Facebook’s Libra cryptocurrency. The Deputy Director, People’s Bank of China (PBoC), Mu Changchun, said that the sovereign currency will be support on major Chinese payment platforms such as WeChat and AliPay. The tokens will be guaranteed by PBoC making them secure and accessible even without an Internet connection. It is speculated the currency could be launched as soon as November 2019.
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The most popular story of the week […]