Despite the decentralised and innovative cryptocurrency phenomenon, the global crypto community is becoming more and more “traditional”. Here you’ll see regulation, fraud, family businesses, pro-government ambitions... so it’s really difficult to follow all the news. To make it easier for you, we’ve gathered the most important news for the last week.
1. You need to know the enemy, but it’s much more important to understand how he became an enemy. Guided by this principle, the IMF and the World Bank launched a private blockchain and a so-dubbed quasi-cryptocurrency. This coin has no money value, and that is why it is not called a real cryptocurrency. «Learning Coin» was launched to better understand the underlying technologies of crypto assets.
2. Bitcoin Satoshi Vision (#BSV) fell under the disfavour of several well-known crypto exchanges. Firstly, Binance officially announced the delisting of BSV, then the ShapeShift exchange decided to do the same, and subsequently, Kraken decided to delist it as well. All because of the «black sheep» Craig Wright, who claims that he is Satoshi Nakamoto. He decided to go to law court with claims to those who doubt it. Kraken even launched a survey, where more than 70% of respondents called BSV a «toxic» asset.
3. Without scandals, but with intrigues and investigations. Forbes journalists had investigated more than 100 large companies that were actively using blockchain through industry consortia and other independent projects. They published a list of the 50 most powerful companies-billionaires operating in the United States and actively using technology for their operational needs. Amazon, Walmart, Facebook, Mastercard, Microsoft and Nestle happened to be in the list.
4. Coinbase expands new horizons and starts operating with 11 more countries in Latin America and Southeast Asia. This increased the geography of the company to 53 countries on four continents. All customers can hold, trade, send and receive cryptocurrencies at Coinbase Pro and Coinbase.com platforms.
5. China can ban mining and crypto, but in the nearest future, the yuan will become a digital currency. Donald Tapscott declared it in the interview with Bloomberg. He is sure that it is only a matter of time because the government has repeatedly confirmed that they consider blockchain as a progressive technology.
6. In Ukraine everything is much simpler — the government is not interested in blockchain yet, so the technology sector is evolving on its own. Consequently, Kyiv got the 34th place in the ranking of start-up cities of the world! According to the rating from StartupBlink, Kyiv is on the 34th position among 1000+ cities, and Ukraine is on the 31st place from 100+ countries. This is a victory!
WTFBit Media writes about blockchain and emerging technologies in a simple way, with humor. We also work with diverse clients helping them effectively deliver the message to their audience.