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

It wasn’t a good week for Mark Karpeles. The former CEO of Mt Gox exchange is facing a ten year prison sentence for embezzlement. He’s being held in Japan on bail as the trial continues.

Electronics giant Samsung has refuted rumours that its next flagship mobile device (the Note 10) will include native support for cryptocurrencies, despite having filed at least three patent applications that would suggest otherwise.

On a more positive innovation note, Binance Labs has announced the first batch of projects from its tech incubator have gone live. The exchange took in applications from over 500 startups, but chose just eight to give $500k in seed funding to. These projects then got mentorship and guidance through a ten week program.

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

Bitmain IPO likely to fail

  • Listing on the Hong Kong stock exchange has proven challenging for crypto firms

  • To-date, none has made it to the hearing phase, where price is set. There is a six month window, and all so far have lapsed. Bitmain likely to follow suit

Read More

PayPal support reinstated at Coinbase

  • First trialled in 2016 but halted due to technical difficulties, US customers will be able to again withdraw fiat currency using PayPal

  • A recent patent application also showed that PayPal wants to speed up crypto transactions

Read More

Switzerland takes another step foward

  • State Secretariat for International Finance has announced it will adopt the Federal Council’s report on blockchain and DLT

  • The report is cautiously in favour of digital assets, and says Switzerland should position itself as an attractive location for this tech

Read More

Latest Coin News

BTC

Price analysis: A short-term rebound in the $3,320-$3,400 range is possible

Weiss rating organisation calls Bitcoin the least speculative asset

Trump’s new Chief of Staff is bullish on Bitcoin

ETH

Price analysis: Trading in a tight range over the weekend leaves price relatively untouched

Hackers targeting Eth wallets used for mining

Gamers can use spare GPU power to mine Eth and get gaming rewards

XRP

Price analysis: Likely to test resistance at $0.28 before climbing back

UAE exchange will implement RippleNet for money transfers by Q1 2019

Partnership with Israel’s GMT agreed, and Turkish bank AkBank successfully implements xRapid

 

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