Key Facts Of The Day 10.08.2018

Australian Bank to Issue First Blockchain-based Bonds

The World Bank (WB) authorized Commonwealth Bank of Australia (CBA) to issue the world's first bonds based on blockchain technology. Australian bank received permission to become the sole organizer of the world's first bonds to be issued, distributed, transferred and managed using distributed ledger system. The new blockchain based debt instrument will be called "bond-i".

WHY IS IT IMPORTANT?

1. Blockchain technology has the potential to optimize the processes occurring between numerous intermediaries and agents of the debt capital market. It can help to simplify the attraction of capital and trade in securities, improve efficiency and strengthen regulatory oversight.

2. World Bank groundwork for the bond will be based in Washington, D.C. on the Microsoft Azure distributed cloud blockchain. Microsoft approved the framework's operational abilities, security and scale.

Binance Introduced its DEX

The largest cryptocurrency exchange Binance launched a demo version of its new decentralized trading platform Binance Chain DEX. The head of the exchange Changpeng Zhao released a video review about listing and bidding features on the new platform.

WHY IS IT IMPORTANT?

1. Decentralized cryptocurrency exchange servers aren't attached to a single location and are often spread around the world. Some servers can even be truly decentralized by existing solely in the cloud. This kind of exchanges is much harder to hack compared to the regular ones, thus making user data and funds more secure. DEXs do not face legal restrictions due to an absence of physical location, which makes this kind of exchanges much harder to regulate or even shut down. So users that live in the countries where crypto is banned can still get access to it.

2. Decentralized crypto exchanges are considered safer because they do not have access to user’s funds and simply act as a place for peer-to-peer trading.

Google's Search Results Affect Bitcoin Price

The appearance of bitcoin in the results of popular search engines can affect its price. This was the conclusion made in the report of the National Bureau of Economic Research USA. In their opinion, cryptocurrencies price rates are strongly influenced by the attention paid to them on the Internet.

The authors of the study, Professor of Economics at Yale University Aleh Tsyvinski and graduate student of the Faculty of Economic Sciences Yukun Liu, found out that after search queries for the word "bitcoin"(Bitcoin) in Google grow in number, the coin price rises an average 2.75% a few weeks later. The increase of bitcoin mentions on Twitter leads to a 2.5% increase in the price of the token. The reports on hacker attacks, however, make cryptocurrency price go down.

WHY IS IT IMPORTANT?

1. Scientists came to this result based on accurate statistics for several years: they follow the cost of bitcoin from 2011. The prices of XRP and Ethereum have been analyzed from the moment of their creation in 2012 and 2015, respectively. To determine factors that affect the value of digital assets, a standard finance pricing model known as the CAPM was applied.

2. Academics note that cryptocurrencies can completely change their behavior depending on what is happening on the market, but so far their forecasts and the factors they listed seem to work.

3. The surge of news about bitcoin growing, and then plummeting in price in late 2017 and early 2018, generated huge interest and attracted an influx of non-professional investors into the industry. Their actions eventually brought down the rate of the first cryptocurrency several times.

Do Football Clubs Need Cryptocurrency?

Football transfer window was closed in England. Even if you are not a football fan, you probably heard about such term. This is the period of time during which a football player can move from one club to another. Football clubs may need cryptocurrencies in this process.

WHY IS IT IMPORTANT?

1. Most often the parties need to make a cross-border transfer. Each player is worth a lot of money and the transfer from club to club requires a substantial amount. This means that each transfer is associated with commissions and costs.

2. The speed of cryptocurrency transactions is much higher. So the funds will be credited to the account of the club in a record time. Also, costs and commissions are significantly reduced, sometimes even to zero.

All The World’s Knowledge Enters Blockchain With Everipedia

Everipedia.org, Wikipedia’s competitor, launched its own decentralized service. Now, for adding and editing new materials, you can receive cryptocurrency and manage the service yourself. If before Everipedia could be accessed by anyone with an internet connection, the launch of mainnet means it will now move from a traditional web hosting service to blockchain with a new URL.

WHY IS IT IMPORTANT?

1. Keeping records safe and untampered for a free online encyclopedia is a major step.

2. Countries like China, Uzbekistan, and France have all taken actions to censor Wikipedia in varying ways. Since April 2017, all language versions of Wikipedia are banned in Turkey. Everipedia aims to end this, using a technology called the InterPlanetary File System, or IPFS.

3. New additions and genuine changes of articles will be rewarded by an IQ token.

At 17:30 (GMT+1) total cryptocurrency market capitalization stands at $227,2 billion

Stellar (+3,01%) showed the best growth in the top-10

DigiByte (+5,47%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $12,5 (-0,5 billion per day)

Mining Profitability

Ongoing ICOs:

Expected ICOs:

Click here for the full list of ongoing ICOs.

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