1) Price: Today Bitcoin has had some recovery and has hovered around the price of $4000, which seems to play the role of “breaking point” mark at the moment. In price XRP and Ethereum have correlated with the Bitcoin Price. But Bitcoin SV has taken a further hit of 5% and is at $91 .
2) Digital Gold: With the recent crashes over last month the days have been dim but a glimmer of hope has come with the comment from an ex JP Morgan executive, Alex Gurevich, He said “Despite the rise and fall of various altcoins and fork considerations, “time” works FOR Bitcoin, not AGAINST it. Every day it doesn’t disappear, it gets one step closer to a permanent status of digital gold”, A True Hodler perhaps!
3) Intel PATENT: Not IBM, who were granted record breaking 8088 US patents in 2016, Intel has been granted a crucial US patent which reduces the energy required to mine coins on SHA256 algorithm (which includes bitcoin), this will facilitate “energy-efficient high performance bitcoin mining.” The patent further explains: “Dedicated Bitcoin mining ASICs are used to implement multiple SHA-256 engines that may deliver a performance of thousands of hashes per second while consuming power of greater than 200 [watts]. Embodiments of the present disclosure employ micro-architectural optimizations including selective hardwiring certain parameters in Bitcoin mining computation.”
4) Vietnam the New Malta? – Malta is to cryto/blockchain industry what a best-man is to a wedding. Now Taiwan is taking a foot in that direction. During Fintech 2018, Deputy PM attracted world wide start-ups by saying “We welcome all start-up businesses and do not distinguish between Vietnamese and foreign businesses,”. And particularly for blockchain he said “We think there are great opportunities for businesses and individuals in Vietnam to take advantage of the decentralised economy,” he said. “There is a talent pool of skilled developers and some great entrepreneurial ideas in Vietnam. Distributed ledgers and blockchain technology have the potential to provide a real boost to the economy. Blockchain is an incredibly powerful and disruptive technology which provides real opportunities for ground-breaking innovation.” Go Vietnam!
5) Security Token Offerings (STO): When cryptocurrencies came, along came ICO’s (Initial coin offerings), which works the same way as IPO (initial public offering) but without the stringent regulations. ICOs are tokens issued by a company in order to raise capital for a project. After recent ICOs scams came STO (Security Token Offering), from a square came nearly a round wheel, STOs are pretty much like ICOs but with the advantage of having being regulated, STO tokens are backed up on assets, offers legal rights and offers the much-needed transparency. But the key word “regulated” is not looking good for STOs. China after having banned ICOs has given a stern warning in issuing STO, “I will make a risk warning to those who are…in Beijing and want to issue STO. Don’t do it in Beijing.”