Twitter CEO believes in bitcoin, Japan's FSA warn Binance, CryptoKitties raises $12M.
The News
- Jack Dorsey, the CEO of Twitter and Square believes that bitcoin will become the single currency of the internet within a decade. thetimes
- The G20 summit in Argentina recognised the technological benefits of cryptocurrencies and the blockchain. They indicated regulation is required, but further monitoring is needed before anything can be enforced. g20
- Despite the CEO’s pro bitcoin stance, Twitter have banned cryptocurrency and ICO ads on the platform. skynews
- Snapchat have also followed suit and have banned all crypto ads. cheddar
- Japan’s Financial Service Agency has continued the crypto exchange crackdown, issuing the world's largest exchange, Binance, a warning. bloomberg
ICOs
- CryptoKitties, one of the first games built on the ethereum network has completed a $12M series A round led by Andreessen Horowitz and Union Square Ventures. fortune
- Blockchain Capital has closed Fund IV, raising $150M. coindesk
Adoption
- The UK are launching a crypto asset task force to boost innovation in the space. thetimes
- Fujitsu have opened a blockchain innovation centre in Europe. fujitsu
- Nivaura, a UK fintech company have registered, cleared and settled a Principal Protected Note (PPN) on the ethereum blockchain using Microsoft Azure. microsoft
Market:
- The market dropped on Sunday following an ethereum sell-off. Up to $30M worth of ethereum was reportedly sold by EOS, a company that conducted an ICO last year. The overall market cap has since recovered and ended the week at $330B, down $10B for the week. Bitcoin rose on the comments of Jack Dorsey breaking past $9,100, but has since fallen following Japan’s comments regarding the exchange, Binance. Ethereum recovered following the sell-off but ended the week 12% down at $530.