Cryptocurrency News

Last week, the Nebulas project, powered by the global top 100 crypto NAS, made a quiet announcement that its founding team would voluntarily wait for 10 years before the get the tokens they will earn for all the work they have done for this project.

Coin Center, which is basically a blockchain advocacy group, has long iterated its belief that some digital assents look exactly like securities by law. With that, it suggests that cryptocurrencies must be regulated as such.

The World Bank is preparing for the first ever Blockchain bond and has mandated that the Commonwealth Bank of Australia (CommBank), one of the “Big Four” banks in Australia, manage it.

Danish transport and logistics major Maersk and American technology giant IBM announced that they have launched their global trading Blockchain-based platform. This new supply-chain platform is called TradeLens and is focused on increasing efficiencies in the shipping industry.

This week, the cryptocurrency market has seen a massive decline, losing billions of dollars in value as the price of cryptos across the board continue to plummet. Thanks to this freefall, the total market capitalization for the entire crypto market hit its lowest for this year.

According to Lilita Infante, a special agent with the US Drug Enforcement Administration (DEA), criminal activity now only accounts for 10% of the total Bitcoin transactions that take place today.

According to insider information, global banking and finance major Goldman Sachs Group Inc. is planning custody offerings for cryptocurrency funds. The bank had already given some hints of it trading in Bitcoin futures earlier this year in May and is now planning to offer different types of products related to cryptos, in response to their clients’ interest.

This weekend was not a good one for the cryptocurrency market, with all of the top 10 cryptos losing market capitalization as well as token price.

Through an IPO, a crypto mining company was successful in raising $32.5 million on the London Stock Exchange. It is none other than the U.K.-based Argo Mining (ticker: ARB), which basically provides “accessible” crypto mining through a subscription-based service.

Sony Corp., the Japanese conglomerate and technology giant, has applied for two Blockchain patents, according to the filings published by the USPTO (US Patents and Trademarks Office).