The positive development of the market and the increase in the total market capitalization of almost all crypto projects continued through the last seven days, as well. The market increased by almost 18% to 380 billion dollars on the evening between Saturday and Sunday.
Many consider the trend that has lasted almost 10 days to be the end of the bull market. It is interesting to point out that the increase was brought forth by a strong increase in the value of some of the leading cryptocurrencies and crypto tokens from 10 days ago, and the effect that it had was to start a wave of positivism and the belief that the bull market has ended. Such actions only confirm the pronounced emotional character of the crypto market and the ever-increasing difficulty of the so-called timing of the market.
Another interesting occurrence from this increase in the market is the decreasing importance of Bitcoin that used to be the leader and first choice for new investments in the crypto world in previous cases. It looks like owning a balanced portfolio with positions in leading, but also with smaller in size crypto assets is of great (increasing) importance. In the last two weeks, Belayer’s portfolio marked an increase of 22.5 %, while the price of Bitcoin rose by only 9%, ending the week on the evening between Saturday and Sunday at a price of 8 782 dollars, compared to 8 051 last week. Price of ETH increased by 20%.
Dow Jones Media Group announced a partnership with BAT
The two companies announced their joint plans a week ago. The aim is real tests of the product of BAT. It has been planned that the blockchain platform of Brave for digital marketing will be used in part by Wall Street Journal and MarketWatch as part of the media group. That way, new ways and premises are created for the digital currency BAT to be used in the payment of advertisements and rewards for digital content.
AWS to makes the use of Ethereum and Hyperledger easier
The Amazon Cloud Service for arm has unveiled a new service that will make the use of the platforms and protocols of Ethereum and Hyperledger much easier, allowing them to “launch an Ethereum (either public or private) or Hyperledger Fabric (private) network in a matter of minutes and with just a few clicks." Blog post AWS’s team has been working with blockchain startups since 2016, when they offered the teams technical support and infrastructure.
Amazon Web Services is the fastest growing business of Amazon, marking an increase of 55% in their sales for 2016, and 43% for last year. We would like to remind you that Microsoft Azur partnered with ConsenSys in 2015.
Earn.com is the first major acquisition of Coinbase
The largest exchange in the USA made their first strategic merger, acquiring the website Earn.com for 100 million dollars. It is worth pointing out that a part of the sum due for this deal will be paid in cryptocurrency and crypto tokens.
The deal came as no surprise to the tech world that considered the move of Coinbase as particularly interesting, and the most important outcome of it - the entrance of Balaji Srinivasan, an ex-partner in Andreessen Horowitz, as a CTO in the New York exchange.
In October 2017, 21 Inc rebranded itself as Earn.com and notified customers it was ending support for its Bitcoin Computer to focus on allowing users to monetize their email and social media channels instead.
Huawei with their own blockchain platform
The Chinese Telco giant has announced their plans to create a BaaS (Blockchain-as-a-Service) service with the help of Hyperledger. The solution, which is going to work on Huawei’s cloud, will be aimed at the implementation of smart contracts and will offer the opportunity for companies to create and release using their own blockchain networks with low maintenance costs.
Samsung optimizes supply chain using blockchain
The world’s biggest maker of smartphones and semiconductors may use the technology behind cryptocurrencies to manage its vast global supply network and to decrease the spending in a number of stages of their product supply chain of the company, estimated to be worth billions of dollars a year. The application of the technology for a decentralized exchange, storage and verification of data could reduce costs by as much as 20%.
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