FINTECH MINING REVIEW OF THE MARKET AUGUST 22, 2018
MARKET UPDATE
UK TOP FOOTBALL CLUBS INK ETORO SPONSORSHIPS IN BITCOIN
Global online investment platform eToro has recently partnered with seven major Premier League football clubs (Tottenham Hotspur, Leicester City, Southampton, Cardiff City, Brighton, Newcastle United and Crystal Palace.) — all paid in Bitcoin. In an interview with the Daily Telegraph, Iqbal Gandham, managing director of eToro UK, revealed:
“We’ve done a sponsorship deal, but rather than pay them in traditional pound notes we’ve paid them in Bitcoin.”
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NVIDIA OFFICIALLY QUITS CRYPTO
The world’s largest graphics card and chip maker Nvidia has officially put an end to its crypto venture, with the official announcement of its CFO Colette Kress. In a statement, Kress said:
“We believe we’ve reached a normal period as we’re looking forward to essentially no cryptocurrency as we move forward. Our revenue outlook had anticipated cryptocurrency-specific products declining to approximately $100 million, while actual crypto-specific product revenue was $18 million, and we now expect a negligible contribution going forward.”
In this FinTech Mining Review we have covered analysed report of what happens in the market, so you don’t have to worry if you haven’t been able to see it live.
CRYPTO MEDIA BANNED FROM WECHAT
Blockchain and cryptocurrency media accounts in China have been banned on WeChat, the country’s popular messenger app.
As first observed by Lanjiner, a China-based finance news outlet, on the Jinse’s official Wechat account, none of its previous articles was shown. Instead, a text is posted indicating that the account has been banned. The message explains:
“Due to users’ complaints and after the platform’s examinations, the account is found to violate ‘Temporary Regulations on the Development and Management of Public Information Services for Instant Messaging Tools’ and all contents have been banned. The account has been prohibited for use.”
Thank you for reading this FinTech Mining Review of The Market August 22, 2018.
Bitcoin — is up 3.91% at $6,661.570 with a volume of Ƀ84.8k — $560.9M on the USD pairs.
Bitcoin Cash — is down 0.1% to Ƀ0.08265 with volumes of Ƀ14.9k and up 3.94% against the dollar at $549.57.
Zcash — is down 0.15% for the day to Ƀ0.02057 per ZEC and up 3.45% against the dollar to $136.3 with an average volume of Ƀ2.4k for the 24 hour period.
Litecoin — is up 3.97% against the dollar for the day at $57.39 and up 0.15% to Ƀ0.008631 on volumes of Ƀ9.8k.
Dash — is down 1.2% at Ƀ0.02225 with Ƀ5.3k volume and up 2.28% against the dollar at $147.57.
Monero — is up 0.69% against the dollar at $95.36 and down 2.58% against Bitcoin at Ƀ0.01437 on volumes of Ƀ2.2k.
FinTech Mining Review of The Market August 22, 2018
