The Weekly Crypto Roundup 08/27/2018–09/02/2018

Ilya Abugov
Sep 3, 2018 · 2 min read

Regulators continue to increase their activity around the industry.

  • A Crypto Special Zone is proposed in South Korea to address regulatory concerns around ICOs.
  • Russia’s Rosfinmonitoring commissions an analytical tool for tracking crypto transactions.
  • Bionic Coin, Sybrelabs Ltd. and Global Pay Net receive the order to show cause, as part of the investigation by the “ICO Task Force” in Colorado.
  • Grant County PUD, in Washington State, approves increases in utility rates for “evolving-industry” firms.

Mining and trading remain areas of focus for the market.

  • CBOE is rumored to be working on listing ether futures.
  • Yahoo Finance now enables cryptocurrency trading.
  • Rakuten acquires Everybody’s Bitcoin Inc crypto exchange for almost $2.4 million.
  • Ethereum developers agree on a 12 months delay for the “Difficulty Bomb” and will include its code in the Constantinople fork.
  • Mozilla is working on new features to address malicious crypto mining activities.

Projects strive for payment method adoption.

  • IBM launches IBM Blockchain World Wire for cross-border payments using the Stellar protocol.
  • Bitcoin cash network processes over 2.2 million transactions during a September 1 stress test.
  • Paytomat enables consumers to makes purchases with cryptocurrencies at the Bessarabsky Market in Kiev.
  • Bitfi removes “Unhackable” tag and closes the related bounty programs.

The industry continues to see an increase in enterprise-level activity.

  • Japanese social messaging company LINE launches LINK Chain and LINK token.
  • Data61, IBM and Herbert Smith Freehills are cooperating on Australian National Blockchain, a platform for smart legal contracts.
  • Taipei Medical University Hospital launches the Healthcare Blockchain Platform to improve patient referral.

If you have any questions or need consulting or advising services, you can get in touch with me by sending an email to: ilya.abugov1991@gmail.com

Ilya Abugov

Written by

I have a background in investment analysis, management consulting and fintech. I frequently travel, and speak English and Russian.

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