Learn about the negative news that led to the collapse of the digital currency market

Digital Currency Movements:

Bitcoin fell by 13% this week, after falling by nearly 1% last week. The price has fallen steadily this week as the entire digital currency market has lost billions of dollars. Some attributed this decline to market manipulation. These fears did not go unnoticed, as the US government opened a criminal investigation into the manipulation of the digital currency market. However, analysts are still optimistic with the "Fundstrat" signal that the Bitcoin "Estimated less From Its true value".

Ethereum was down 18% this week, following a 5% drop last week. The price comes as projects continue to build on their platform and a lot of bullish sentiment. Ethereum also topped the news this week after Google tried to hire Vitalek Buterin (the founder of the Ethereum).

The entire market fell 14% this week after the heaviest and strongest currencies of Bitcoin and Ethereum fell sharply. While many prominent optimistic investors have spoken publicly, Other researchers were less optimistic. The market received some help this week when the price of "Zcash" rose 50% against the background of news that it will be listed on the trading platform "Gemini" owned by the brothers Winklephos. Not optimistic "Vanguard": Joe Davis, Vanguard, in the editorial of "com", said that although the company is excited about the general technology of Blockchain, it does not believe that "digital currencies are a valid and appropriate use case." The comments are still controversial on a large scale.

• Institutions

Nokia to partner with "Streamr": 

Nokia announced the launch of the Internet service for individuals in remote rural areas. The data will then be sold to an emerging Swiss company called Streamr, Which digitizes data collected by Internet-connected devices.

The platform "Coinbase" convergence "Fidelity" in size:

Coinbase now manages more than 20 million client accounts, nearly equivalent to Fidelity Investments, and twice as much as Charles Schwab. The report comes with the purchase of "Coinbase" for the decentralized digital platform "Paradox" earlier this week. "Walmart" is applying for a patent: Walmart recently filed a patent with the US Patent and Trademark Office (USPTO) "Amex "seeks to integrate "Hyperledger" into a reward program: American Express has employed HyperLedger technology to enable merchants to create "organic rewards" offerings on their platforms to engage customers , And also to provide more opportunities for cardholders to win More points.

• Organization campaigns

Cheats in "ICOs" Earn $ 1 Billion:

In a comprehensive analysis of more than 1,450 primary digital currencies, the Wall Street Journal found that 271 of them "showed all the characteristics of fraudulent fraudulent schemes". To date, only $ 273 million has been claimed in court proceedings. $ 1 billion is a large proportion of the $ 9 billion that has been raised in digital currencies since 2017.

"Coincheck" Platforms to Cancel Major Currencies under Regulatory Stress:

The Japanese currency trading platform "Coincheck" will delete trading pairs for digital currencies that focus on privacy, such as Monroe (XMR), "Zcash" ZEC and DASH (DASH), In the next month after the platform is under considerable pressure from the Japanese Financial Services Agency.

The President of Kazakhstan calls for United Nations laws to regulate digital currencies:

 

The President of Kazakhstan, Nursultan Nazarbayev, invites the world community to work hand in hand to formulate common rules regarding the use of digital currencies.

• Emerging companies

Monero Currency Announces About Digital Asset Protocol :

Monero master developer unveiled a new second layer protocol that would allow users to create and trade digital assets on a digital currency network focused on privacy. The protocol, called "Tari", will make programming and issuing non-replaceable assets such as loyalty points, definition of video games, and concert tickets also possible on the blockchain. This protocol is similar to the ethereum protocol, which allowed the creation of programs such as "CryptoKitties". 

Search engine based on the blockchain up to 5 million Download:

The search engine, developed by co-founder of Mozilla Firefox, Brendan Hitch, made an important event last Thursday, just 6 months after it surpassed the threshold of one million downloads. The search engine has already established significant relationships with many companies such as the Dow Jones Media Group. He had previously raised $ 36 million in the process of supporting his initial digital currency "ICO".

Former CEO of Visa Moves to Emerging Digital Currency Company:

Last week, specifically on May 19, Mark O'Brien, president of Visa UK and Ireland, said in an interview that he was appointed CEO of an emerging digital currency company called "Crypterium". 

• Hack operations

University of London Terminate relations with "IOTA" After identifying their weaknesses:

 University College London, better known as UCL, has officially cut its relationship with IOTA in response to legal threats made by IOTA founders against Internet security research. But IOTA confirmed in its reply that the founder of the IOTA had nothing to do with the matter. 

Malicious program For currency mining Monero "XMR" hits Mac devices:

This malicious program creates a process called "mshelper", where "MalwareBytes" revealed that the program is a copy of the legitimate mining program "XMRig". The only difference is that this version is used to create digital currencies for the benefit of the hacker.