This Week In Crypto 03.08–10.08

Zichain
Zichain
Published in
2 min readAug 12, 2019

People’s Bank of China has announced plans to launch its own digital currency — with its top officials admitting that the announcement of Libra has caused the acceleration of the project. Could crypto be the new battleground in US-China trade war? Learn more

The bulls have regained control of the crypto market, with Bitcoin briefly touching $12 000 before a small pullback. The majority of market watchers predict new gains in the foreseeable future. Learn more

Binance has suffered a hacker attack that has allegedly allowed the perpetrators to gain access to KYC data of 10 000+ customers of the exchange. Binance has denied that any kind of data leak has occurred. Learn more

Opinion of the Week

“Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare,” said Nicholas Gregory, CEO of CommerceBlock.

Zichain Indices Performance 03.08–10.08

Crypto Market Cap: $299,1 bln (+2,6% weekly gains)

Blue Coins: 2 436 (+3, 58% weekly gains)

Second Tier: 11 156 (+0,13% weekly gains)

Currencies: 2 950 (+0,51% weekly gains)

Services: 3 763 (-1,42% weekly losses)

Platforms: 15 751 (-2,97% weekly losses)

Author: Arseny Bessmertnykh — Senior Financial Analyst at Zichain and an Editor-in-Chief of CryptoEYE

https://cryptoeye.com/analytics/244/weekly

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