Previous week in crypto 01.04-08.04
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Hey Noozzlers, we hope everyone is having a great day! š„³
Weāre happy to share a few highlights about what happened previous week in crypto. As always, there are many interesting stories; both bullish and some worrisome alike.Ā
Hot off the press we have some more bullish news out of Russia with the oil giant Gazprom. Gazprom has agreed to use blockchain for their gas supply agreements.Russian official Dimitri MEdvedev endorsed Gazpromās project, claiming that āblockchain technology has great prospects in Russian industry, as well as in activity by companies such as Gazprom.ā It will certainly be interesting to watch as Russia, one of the worldās super powers seems to be embracing blockchain with open arms.Ā
https://cointelegraph.com/news/russian-gas-giant-gazprom-to-use-blockchain-in-gas-supply-agreements
Next we have news from the US SEC (Securities and Exchange Commission) as they make a number of clarifying statements that are not yet overly descriptive sayingĀ āThe framework is not intended to be an exhaustive overview of the law, but rather, an analytical tool to help market participants assess whether the federal securities laws apply to the offer, sale, or resale of a particular digital asset.ā Although it might be nice to have further directive, it is easy for one to appreciate they are not jumping to judgement too quickly. š¤
Vitalik Buterin takes on Nouriel Roubini as they meet in South Korea in front of a large audience. Roubini who is an outspoken critic of crypto questions many of the benefits the digital currency boasts- decentralization, privacy, or the ability to bypass world governments. Vitalik did concede that many platforms are more decentralized than he would like, but states that it is a novel goal and possible in the future to expand on all of these foreseen likely outcomes
āBitcoin will see global need after future applications emergeāAndreas Antonopolous, perhaps the foremost thought leader in crypto currency predicts future demand to increase for a variety of the tokens. As he sees the industry, currently demand is being driven by economic certainty in certain areas and speculative investment. However, once a generation of truly useful DAPPs hits the markets, this will all change. We all remember our first Iphone apps after all- fake lighters and beer drinking games.
š¤«š¤Itās no surprise that we have seen a changing in the winds in the crypto markets this past week. Weāve heard rumors of a large whale buying 20,000 bitcoins in a surprise surge as we reported last week, but weāve seen a bit of a market pullback since then. Larger groups, however maintain bullish sentiment with SFOXās multi factor index, we are at a 1 of 3 on the bullish indicator with 3 being the max, and -3 being very bullish. The article also mentions how LTC, BCH, and ETC (eth classic) seem to be decoupleing from BTC, suggesting a maturing market.
Ā https://www.ccn.com/crypto-market-bullish-in-wake-of-bitcoins-20-surgešØš¦³š©š¦³
What do YOU think about this week, was it a net positive or negative? Amongst the number of stories, bitcoin keeps chugging along, and development continues to be thriving. š¤Ā
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