Key Facts Of The Day 28.05.2018

Bithumb Bans Trading in 11 Countries

The South Korean crypto-exchange Bithumb has issued a statement that it will block trading in 11 countries including North Korea, Syria, Iraq, Bosnia and Herzegovina, Trinidad and Tobago, Ethiopia, Sri Lanka, Vanuatu, Yemen, Iran, and Tunisia. The company noted that they intend to comply with anti-money-laundering norms, and will block digital asset trading with investors in countries that are considered as high-risk jurisdictions by the Non-Cooperative Countries and Territories (NCCT) Initiative. The representatives of Bithumb added that the exchange is following the recommendations of the South Korean government and the Korean Blockchain Association.

Geneva Wants To Regulate ICO

According to Le Mantin, the canton wants to strengthen its status as a digital innovation hub internationally, especially in terms of blockchain technology. In particular, Geneva wants to involve viable ICO projects and for this purpose, a special accompanying document was issued on Monday. The guide outlines the steps for launching ICO emissions and accelerating their deployment. It mentions the principles according to which ICOs can respond to market demand, as well as the requirements of local and national partners. In addition, a special committee for ICO selection will be created. It will consist of local actors in the legal, academic, technical, marketing, tax, banking, compliance, and public sectors.

China Intends to Form a Blockchain Standards Committee

This was announced during the Guiyang Big Data exhibitionthis Saturday. Li Ying, head of the IT ministry's Information and SoftwareDepartment, said that the structure of the committee will be based on the ISO /TC307 standard within the framework of the International Organization forStandardization (ISO). It is planned that by the end of 2018, the creation of a comprehensive structure will be completed, she added, confirming the plan announced earlier this month by the Chinese government. "We have been working closely with the ISO and the International Telecommunication Union (ITU). We should soon have our national technical committee for blockchain standardization ready within this year," – Li said.

BIP in Hangzhou Is Ready to Pay Millions to Blockchain Startups

The Blockchain Industrial Park (BIP) in Hangzhou, China, collectshigh-quality projects in the blockchain industry all year round. The idea is to create a good policy and effectively promote the development of the blockchain industry. BIP is offering millions of dollars worth of subsidies to blockchain startups. “For each issue, when there will be a specific project application between an ‘offshore blockchain’ and ‘Artificial Intelligence Town of China’, the other makes the issue public for the first time. During the reporting period, qualified companies can submit materials,” - the policy statement said.

Central Washington: Public Utilities Districts Cannot Cope Crypto “Gold Rush”

In an area famous for wheat, it has been transformed into a “cyber-boomtown”, according to Seattle Times article. This happened because bargain electric rates are attracting miners. And the number of people who came two weeks ago for public hearings about bitcoin mining in Chelan County was so large that they could only fit into two rooms. Customers worry that their electric rates will go up because of the growing number of miners and the amount of energy they consume.

TRON Has Experienced a Strong Drawdown

Over the past few weeks, crypto market has experienced several downs. Despite the success of individual tokens, do not forget about the negative picture on the market. Because of the strong bear trend, some cryptocurrencies have experienced quite a strong drawdown. Among the "losers" was a TRON (TRX) token. TRON is cheaper after bitcoin and altcoins. If the last currencies (bitcoin and altcoins) have lost up to 5% of their price, EOS decreased up to $11.9, then TRON fell by 10.3% for the last 24 hours - to $0.06. TRON is sensitive to the bitcoin rate. According to analysts, TRX can go into growth if the first cryptocurrency starts to grow. Experts believe that the launch of MainNet TRON, which will happen in just a couple of days, can raise the rate of the cryptocurrency to a mark of $ 0.1 at the end of this week.

Total cryptocurrency market capitalization stands at 312,4 billion

MyBit Token (+44,3%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached to $ 16 billion (+3 billion per day)

Mining Profitability

Ongoing ICO:

· TUTELLUS

Expected ICOs:

· 1 JuneEmiba

· 1 June PlayHall

· 7 June VR MED

Click here for the full list of ongoing ICOs.

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