The Bank Hapoalim, Israel, exploring blockchain systems pronounced its notion to come together with Israel Aerospace Industries (IAI). They are aimed at brainstorming about the blockchain technology. “The new collaboration will help us develop into high potential areas such as blockchain technology”, said the IAI CEO, Joseph Weiss.
The Deedcoin, a startup created a private token sale with the coin priced between $1.50 and $3. It is reported that the token sale will end on achieving sale of 40 million tokens or on 30th June, 2018. The company proposes to open up an Initial Coin Offerings (ICO) for the public on 25th January.
Unsure of whether the investors would love to purchase Petro in present economic crisis, President Nicolas Maduro revealed that 100 million units of new oil-backed cryptocurrency would be issued. On addressing the media he said, “I have ordered the emission of 100 million petros” and that “every petro will be equal in value to Venezuela’s oil barrel”.
Once the U. S. Securities and Exchange Commission (SEC) approves, Direxion Asset Management LLC will launch leverage and inverse funds on the Intercontinental Exchange Inc’s NYSE Arca Exchange. The proposed fund would rise or fall as fast as the bitcoin price tumbles. However, U.S. SEC has not reacted to the proposal.
The ChinaNet Online Holdings (CNET) arrived at a partnership with Wuxi Jingtum Network Technology, a Blockchain company. The shares wheeled high with gain of 8.17 at $9.34 which is recorded as the high volume of the year.
The Bitcoin price is once again moving upward. It is now priced at $116,461 with notable 10.53% increase from the past. Though bitcoin had hit $19,000 in the recent past, it seemed to be practically impossible to reach that target once again. Fortunately, one can witness some price momentum in the bitcoin market.
According to CoinMarketCap, the capitalization of cryptocurrencies jumped up to $770 billion. The Ethereum token had hit $1000 for the first time after attaining $900 in the previous trading day as broadcasted by CoinDesk’s Ethereum Price Chart. Notwithstanding the fact that the price has outdid, Ethereum still remains the third largest cryptocurrency.
The Blockchain application platform, Qtum, allies with Baofeng, the Chinese video portal to render the world’s first Blockchain Consensus Network (BCN) and to bring out the decentralized Blockchain node network. Reccon Cui, CEO of Baofeng Bokocloud stated, “Baofeng operates the world’s largest P2P network, so we are impressed by the security and superior flexibility of Qtum’s Blockchain architecture”.
The BitPanda, a brokerage platform launched ‘Bitcoin Cash’ to its trading platform with already existing Bitcoin, Ethereum, Litecoin and Dash. BitPanda will permit its customers to exchange Bitcoin cash for Euros. Eric Demuth, the co-founder and CEO of BitPanda said they have launched “full bitcoin cash support including a wallet service, the fifth fully integrated coin on BitPanda”.
The Bank of America Merrill Lynch imposed the ban on its customers investing in Bitcoin Investment Trust (BIT) reported Reuters. The BIT is a fund offered by Grayscale Investments, the firm Barry Silbert who is former Wall Street investment banker. He responded to the Reuters quoting they look forward to address concerns over BIT.