Weekly Crypto Report 30.07.18

The end of another hectic month for the Crypto world and an activity filled one for everyone at CEDEX, this week, like most others, was not lacking for interesting stories, and here are the most notable ones:

US SEC Rejects Winklevoss Twins ETF, Again, While Commissioner Dissents:

 The U.S. Securities and Exchange Commission (SEC) has again rejected Tyler and Cameron Winklevoss’ application for a Bitcoin exchange-traded fund (ETF). The first rejection came in February 2017, with the SEC citing the largely unregulated nature of the BTC markets. This time, the SEC noted in its rejection that the Winklevoss’ application did not demonstrate that their exchange would be able to prevent fraudulent and manipulative acts. However, the SEC Commissioner officially dissented to the rejection, arguing that the SEC’s decision erred on three grounds: it focused on the underlying Bitcoin market, not the derivatives, it will inhibit institutionalization of the Bitcoin market, and it shows a “skeptical view of innovation.”


Former JPMorgan Executive Believes Blockchain Could Prevent “Global Financial Crisis”
The former vice president of North American investment banking at JPMorgan Chase said this week that blockchain “may be the key to avoiding the next global financial crisis.” Pang Huadong noted that although the technology is still in its nascency, its development prospect are “limitless,”underlining its transparency’s potential to establish trust mechanisms “at the lowest cost.”


Nasdaq Holds Closed-Door Meeting With Finance Firms To Discuss Crypto Legitimization
Nasdaq, Inc. held a closed-door meeting this week to discuss steps for making the cryptocurrency industry more legitimate in global markets. Nasdaq confirmed that the event took place, and the discussion was reportedly attended by around half a dozen representatives from both crypto and traditional financial firms — supposedly including the Winklevoss twins’ Gemini. An unnamed source told Bloomberg that this was just the beginning of such discussions.


Google Partners With Two Blockchain Firms To Offer Fintech, Cloud Service Solutions
Google announced this week that it has partnered with Digital Asset and BlockApps in order to offer distributed ledger solutions on Google’s Cloud Platform. In their statement, Google said that customers will also be able to test out open-source integrations for the Hyperledger Fabric and Ethereum protocol on their Google Cloud Platform Marketplace Service.


IBM, Barclays and Citi Team Up to Launch Blockchain App Store for Banks
Even private and permissioned blockchains need to build ecosystems and achieve network effects, just like their permissionless, public counterparts.
 At least, that’s the thinking behind LedgerConnect, a financial blockchain “app store” that aims to make it easier for banks to access distributed ledger technology (DLT) solutions from fintech and software providers, and for those vendors in turn to reach bank customers.


  • Google Bans Crypto Mining Apps from Play Store
    Google has now joined Apple in banning cryptocurrency mining applications from its mobile app store. 
     According to a report from a industry media outlet Android Police on Thursday, the internet giant revealed its shift in stance in a recent policy update for Google Play developers.
     The restriction comes at a time when Google and Apple are both beefing up efforts to curb activities related to cryptocurrency mining on their platforms.
  • https://www.coindesk.com/google-bans-crypto-mining-apps-from-play-store/

And as always, our handy crypto tables, this week, with some added information about the CEDEX coin!