Over the weekend…
The Albany Airport in New York tested a blockchain-powered cleanliness app. The app, called “Wellness Trace App,” lets travelers check the cleanliness of objects in real-time before touching them.
Former Goldman Sachs VP Anthony Scaramuccis’ investment firm SkyBridge is seeking to invest in cryptocurrency. They are waiting for SEC approval for a hedge fund that includes Bitcoin (BTC).
IBM announced it will develop a blockchain-based network with German textile manufacturer Kaya&Kato to facilitate sustainable fashion. The app will help customers and suppliers track the origin of fabrics, where they are processed, and how they are distributed.
An app used by Syrians to provide early warnings against airstrikes has switched from using the Ethereum (ETH) blockchain to Hedera Hashgraph. The developers said the change will allow input data to be more tamperproof and more quickly confirmed.
The Australian national representative for BitConnect has been charged for his involvement in the Ponzi scheme. An investigation by the Australian Securities and Investments Commission, or ASIC pointed to John Louis Anthony Bigatton making misleading statements, operating an unregistered managed investement scheme, and providing unlicenced financial services.
The acting Comptroller of the Currency Brian Brooks revealed a way for crypto companies to become federally chartered banks. President Trump said he would nominate Brooks for a five year term as Comptroller.
Hong Kong is tightening crypto regulations. The Hong Kong Securities and Futures Commission came out with a proposal that would require all crypto firms to fall under anti-money laundering regulations.
Bitcoin (BTC) mining revenue hit a yearly high. Daily revenue reached $21.2 million. The previous peak was on May 6 at $20.6 million. Reminder that after the halving, revenue plummeted to $7 million per day.
Dell subsidiary VMware launched an enterprise-focused blockchain platform. VMware Blockchain was first tested by the Australian Stock Exchange and is intended to replace its current CHESS system.
The number of Ethereum (ETH) wallets with at least one ETH reached an all time high. This is expected to be a sign of great network development to come. Ethereum’s current price represents a two and a half year high.
The Bitcoin (BTC) price has officially doubled since the halving. Institutional investors have been accumulating BTC, leaving 3.4 million left for buyers.
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Yesterday's trading was mixed. Early in the session, even with reports of economic slowdown in the US, traders were still buying, maybe thinking it solidified the accommodative Fed policies.
Yesterday’s narrative was somewhat bittersweet. On the one hand, Fed policies remain hyper accommodating, which is positive. On the other hand, the accommodating stance is based on lingering concerns about the economic recovery in the US (and also globally).
Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.