Weekly Crypto Report (29-04 July-August) | What Happened This Week in Crypto

Largest Bitcoin Wallet Service provider Blockchain.info has launched its first crypto exchange platform named as the Pit, reported on 30 July 2019. The Pit exchange website – pit.blockchain.com  Pit exchange twitter– https://twitter.com/BlockchainPit The Pit exchange started the registration of users just from today and allowed users to trade up 26 assets trading pairs

After Facebook Libra cryptocurrency hype, the E-commerce giant Walmart files a new patent for a stablecoin that is pegged by US dollar. U.S Patent and Trademark Office (USPTO) published a document patent filing number 20190236564, “System and Method for Digital Currency via Blockchain,” on 1 August. The document further explains: “Generating one digital currency unit 

Latest Update: U.S. Commodities Futures Trading Commission (CFTC) says LedgerX has “not yet been approved by the Commission” to offer physically-settled bitcoin futures, contradicting the company’s claims. LedgerX looking to win the race to launch first physical Bitcoin futures when all are waiting for the NYSE affiliated Bitcoin futures exchange Bakkt to provide physical Bitcoin

As per previous news which confirmed the male dominance in the Cryptocurrency Community over recent times. But as per now, there has been a major gender imbalance in the data, due to a number of women turning into Cryptocurrency holders. According to a recent report published by Bitpanda that quotes “One in Five European Crypto

The Largest Bitcoin Miner Maker of China, Canaan Creative files for initial coin offering (IPO) in the US to raise 200 million USD, reported on 31 July 2019. The report says that Canaan is applying application anonymously with the Securities and Exchange Commission (SEC0 in order to raise funds through IPO in the US

Bitcoin.com company appoints Stefan Rust as the new chief executive officer (CEO) after Roger Ver left this CEO post, reported on 2 August 2019. Now, Roger Ver will continue his work as Executive Chairman of Bitcoin.com after leaving the CEO post on bitcoin.com. “I’m hugely excited to take on the role of CEO working alongside

Twitter’s Founder and payment service provider Jack Dorsey said: “We love you BTC”. What Dorsey Meant with his Words, According to him the Cash app system had continued growth, while generating about $135 million after excluding BTC. As per yesterday’s report, Cash app had raised about $135 million for service and transaction-based works.

Cryptocurrency Index Fund providers Bitwise published a report on 1 Aug that stated that Facebook’s Libra stablecoin moved Bitcoin and cryptocurrency space progress two or three years ahead. Bitwise’s global head of research Matt Hougan added in the report: “Thanks to Facebook’s Libra and Congress, we have just fast-forwarded two or three years into crypto’s

A subsidiary of the State Printing House OF Austria, Youniqx Identity AG has released the cryptocurrency cold wallet, reported on 29 July 2019. According to the report,  The US cybersecurity company CipherTrace had reported about the theft on digital currencies approximately $1.2 billion during the period of January to March 2019 in just one time

Largest Union Bank of Philippines launched its own stablecoin cryptocurrency named PHX and pegged to the Philippines peso, reported on 26 July 2019. What Are Stablecoins? How Stablecoins Works? The newly launched PHX stablecoin will be used to conduct the transactions using blockchain technology first time in the country

As per recent reports by Forbes on 2nd August Grayscale is soon going to move about $3 billion in digital currency which will subsequently include coins like Bitcoin(BTC), Bitcoin Cash(BCH), Ether(ETH), Litecoin(LTC) and Ripple(XRP). Coinbase is going to serve as a custodian for the underlying assets owned by the company.