The crypto markets continued to gain ground over the weekend, reaching USD 240 billion on Saturday. The total crypto market currently stands at USD 235 billion with 24h volume in a USD 12 billion range. However, the market breadth in the top 100 remained weak with an advance to decline ratio of 9/91. Holo with a +25.0% jump is the best performer in the top 100 as it got listed on cryptocurrency exchange Sobit on August 28. Holo is followed by Dropil and Ethereum Classic with +7.1% and +5.6% gains respectively. Bitcoin is stable at USD 7,216, Ether is down -2.5% to USD 289 while Ripple lost -2.4% to USD 0.3383, in the last 24h, at the time of writing.
Colombian President Ivan Duque has promised to cut taxes for cryptocurrency and blockchain startups, further stressing that Colombia needs its own regulator for the ICT industry and promised to establish a high council for the transformation and digital society whereas a new Hong Kong government initiative seeks to attract professionals in Distributed Ledger Technology (DLT) by simplifying the immigration policy. Meanwhile, the investment in the blockchain technology continues unabated, with Walmart applying to patent a blockchain system for deliveries while in Taiwan, Taipei Medical University Hospital has introduced a blockchain-driven platform for the advancement of medical record-keeping. Meanwhile, messaging giant LINE has become one of the first publicly traded companies to have launched a proprietary blockchain mainnet with its own cryptocurrency while Dubai’s government entity/free trade zone authority Dubai Multi Commodities Centre (DMCC) has licensed Global Blockchain Technologies Corp. (BLOC)’s Dubai-based subsidiary, Blockchain Technologies DMCC (BTD), to develop software, which includes blockchain services and solutions within the DMCC Free Trade Zone. In order to weed out bad actors, Japan’s top financial regulator, the Financial Services Agency (FSA), has “tightened its registration screening for cryptocurrency exchanges to see whether they are properly conducting risk management” whereas Firefox aims to block cryptojacking malware in future versions of its web browser, the move comes as part of an anti-tracking initiative expected to be implemented over the next few months.
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Your Blocksmatter Team
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