This week was a bit relieving for all the crypto enthusiasts as the market remained mostly on the bullish side and most of the top ten cryptocurrencies made gains in their market value. But there are some other updates that made news this week. Here is a quick recap of the most important updates of the last week:
- Indian authorities are discussing the legal framework for banning the ‘private’ cryptocurrencies. According to a press release, the Finance Ministry of India is discussing the challenges and issues of cryptocurrencies in the country.
- Kansai Electric Power Co. (Kepco) – Japan’s second largest electric utility company recently announced second Blockchain project with Australian-based energy Blockchain company – Power Ledger.
- To make post-trade processing and allocation of trades easier, Hong Kong Exchange and Clearing Limited (HKEX) recently announced a collaboration with the company – Digital Asset to develop a Blockchain platform for the same.
- Debjani Ghosh, the President of Nasscom said that cryptocurrency in India is illegal and player should abide by it, if they disagree then they should go back to the government to discuss the matter.
- SC Johnson, a multinational household supplies firm has collaborated with Plastic Bank, a plastic recycling start-up, to tackle with ocean plastic. Plastic Bank is already running a successful proof-of-concept program based on IBM’s HyperLedger Fabric.
- Earlier this week, NHMX – A private equity and investment firm based in Brussels, has acquired the Luxembourg-based Bitcoin exchange – Bitstamp. The deal is rumoured to be of $400 million.
- WePower, an energy Blockchain technology has tokenized a year’s worth of Estonian grid data, making them the first Blockchain technology to do so. The data from 700,000 houses were aggregated by postal code to reduce the data to a manageable size.
- While, the Russian diamond making giant – Alrosa, recently announced a collaboration with the Blockchain-powered end-to-end diamond tracing solution known as ‘Tracr,’ which is being developed by South African diamond maker – De Beers group.
- Bitcoin is facing yearly losses on its 10th birthday; investors who bought the coin last year will be facing a loss of 3 percent.
- PricewaterhouseCoopers (PWC) has hired more than 400 crypto specialists to meet the specific needs of the clients.
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