Highlighting what went right, and what went wrong, in this week’s crypto news analysis.

Towards the end of the week it seemed like a small flurry of acquisition-based activity was starting to kick off. Interestingly, it wasn’t traditional financiers backing crypto-start ups, but Huobi, a popular exchange, actually taking an ownership stake in a publicly listed Hong Kong corporation. Perhaps setting the stage for institutional investors to have a very busy autumn.

A relatively quiet week in London following a rainy bank holiday long weekend. At Copper we published the Knowledge Base for the Copper Platform and Copper Unlimited storage solution. Here you will find all the Frequently Asked Questions and tips on how to maximise your Copper account.  We will also be introducing video tutorials soon.

Below we have our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.

Latest Industry News

Dfinity closes funding round of $105m

• Funding round was led by Andreessen Horowitz and Polychain Capital
• Brings total funding to $200m since 2015. Andreessen had injected $61m earlier this year

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At least some countries like crypto!

• The Copper team take a closer look at which jurisdictions are actually welcoming the crypto-community
• While the FCA and SEC lag behind, places like Malta and Jersey are taking the lead

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Crypto marke to hit $3.6T

• A new study from Bloomberg and Satis predicts a marcap rise from $500b in 2019 to $3.6T in 2028
• BTC alone over the next five years will peak at $96k in their model, while Monero hits the biggest percentage increase in value

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Latest Coin News

BTC

• Price Analysis: Sleeping bulls ready to waken
• Hashrate jumps 30% overnight as BTC price rises above $7k
• BTC bears could be revived if $6.9k isn’t defended

ETH

• Price Analysis: Under pressure against USD and BTC
• CBOE to launch Ethereum futures later this year
• MyCrypto receives $4m in series A funding, led by Polychain Capital

XRP

• Price Analysis: Yesterday’s bullish trend already broken
• $2.3bn transferred in seconds, at the cost of $0.01
• Unfavourable research suggests XRP will lose 99% of its value over the next year

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