According to a news report by Forbes Mexico, the country has established its first Blockchain association. The Blockchain Association of Mexico, as it is named, has been founded by industry stalwarts such as Bitso, BIVA, ConsenSys, Exponent Capital, GBM, Luna Capital and Volabit.
Cryptocurrency Market Updates
The online retail giant, Amazon.com Inc. announced the launch of two new Blockchain based services – Amazon Quantum Ledger Database (QLDB) and Amazon Managed Blockchain.
The Chairman of the New York Stock Exchange Jeffrey Sprecher, while speaking at the Consensus Invest event, expressed his confidence that cryptocurrencies as an asset class would survive.
BIBF (Bahrain Institute of Banking and Finance) announced that it is launching the country’s first ever Blockchain Academy. Established in 1981, BIBF is an unregistered not for profit, semi-government institution which provides its students training focused on the financial sector.
According to Mao Shixing, the founder of the world’s third-biggest mining pool F2pool, between 600,000 and 800,000 Bitcoin (BTC) miners have shut down in the last two weeks due to the declines in token prices as well as hashrates across the BTC network.
The blockchain subsidiary of the Gibraltar Stock Exchange now has official approval from the island’s financial regulator. GBX announced that the Gibraltar Financial Services Commission (GFSC) has granted it a license under the jurisdiction’s new regulatory framework for distributed ledger technology (DLT), claiming to be the first stock exchange to own a regulated blockchain exchange.
The Chief Executive Officer of the two crypto trading companies, Genesis Trading and Genesis Capital, Michael Moro has predicted that the price of Bitcoin could drop as low as $3000.
Cryptocurrency miners in China are now selling off their mining equipment by weight rather than per unit cost thanks to the massive decline in the crypto market. Due to the decline in the cryptocurrency markets, the crypto mining sector has been hard hit too.
Venture capital firm CryptoOracle partner Lou Kerner, in an interview with CNBC stated that the current cryptocurrency market slump could be compared to the Dot Com crash that took place in the early 2000s.