Washington Got Around To ICOs
Washington is discussing options for implementing a program for cryptocurrency trading. The roundtable gathered companies’ representatives and banks from the Wall Street, as well as expert community and blockchain startups. The discussion was organized with the participation of members from the House of Representatives of the Congress from the U.S. Republican Party.
The conversation united representatives from the U.S. Chamber of Commerce, Nasdaq stock exchange, international financial services provider Fidelity, executives for State Street and venture capital firm Union Square and Andreessen Horowitz among the list of attendees. To represent the crypto industry Washington called on Ripple, Coinbase exchange and Circle.
IBM Research: U.S. Government Urged to Adopt Blockchain
International Business Machines (IBM) has prepared the report on how the government should evolve alongside the blockchain industry. With the fast-evolving world, thanks to the new technologies being implemented to simplify, clear and secure the processing, blockchain is becoming the number one topic for a variety of industries and governments. Distributed ledger is not a novelty anymore, however, several years ago, only few could answer what it is, and why it's so vital to adopt it.
In its recent report, the IBM Center for The Business of Government has combined and systematized the key benefits of the blockchain technology in the governmental use cases. The report dubbed “The Impact of Blockchain for Government: Insights on Identity, Payments, and Supply Chain” was prepared by Thomas Hardjono the director of the MIT Trust, Connection Science of Massachusetts Institute of Technology. He was also consulting with the Congressional Blockchain Caucus, that was running the discussions regarding the topic for the last year.
J.P. Morgan Leads 75 Banks Into Interbank-Blockchain Era
American multinational investment bank J.P. Morgan attracted more than 75 banks to join Interbank Information Network. This means the initiative boasts the highest number of financial institutions joining an active blockchain. Since its launch in 2017, IIN has been assisting financial institutions by producing solutions for global payments, shortening the payment processes, minimizing response times, and creating a shortcut to other steps which usually slow down the payments.
Back in October 2017, when JP Morgan was just launching its initiative to unite worldwide banks under one interbank information solution, the list of participants was much smaller. To this date, the network has managed to unite 75 leading banks under one system. Banks that recently joined the IIN will serve every continent and every major market.
What Else:
About 6% of the total MKR token supply was purchased by investment fund a16z crypto for $15 million as was stated in MakerDAO report.
Japanese financial corporation SBI Group reported that it is testing a crypto token that will be used for retail payments on mobile devices. As part of the test, the SBI Group's employees will use the S-Coin Platform system to affect non-cash payments at the cafe and restaurants.
His Holiness Pope Francis, leader of the Catholic Church and Head of State of Vatican City has become the newest e-resident of Estonia.
Ross Delston, an independent Washington-based attorney and expert in anti-money laundering and combating the financing of terrorism and Lourdes Miranda, an independent financial intelligence analyst and a financial crimes investigator claimed that North Korea is widely using cryptocurrencies to circumvent U.S. sanctions.
According to recent United Nations (UN) announcement that was made at the 73rd annual UN General Assembly, the organization aims to use blockchain technologies to help improve the lives of people living in developing nations across the world.
At 18:40 (GMT+1) total cryptocurrency market capitalization stands at $207,4 billion
Dentacoin (+3,24%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $14,6 (-1,3 billion per day)
Mining Profitability
- BTC $2,2 for 10 TH/s
- ETH $0,16 for 10 MH/s
- BCH $0,20 for 1 TH/s
- LTC $3,06 for 1 GH/s
- DASH $0,09 for 1 GH/s
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