This week has been pretty flat in the world of cryptocurrency. The market cap value has remained relatively stable which has been a product of few impactful news releases. But there’s always news ripples in the market, so here’s my pick of the week.
- Sayōnara to the Google blanket ban of cryptocurrency advertising which will end in October. The updated policy from Google doesn’t mean a no-holes-barred shilling; some elements of crypto ads are still blacklisted like ICOs and crypto trading.
- On Monday, Walmart informed partners that California-based produce suppliers need to join their supply chain blockchain system or lose their business. At cryptocoindude.com, we thing this a great sign of things to come in the space.
- The Chinese still love crypto – media reports from China are highlighting that despite China’s blanket ban on all cryptocurrencies and ICOs, investors can still get ICO tokens fairly easy. Using stable coins and VPNs make Chinese customers difficult to stop – power to the people! Check out this post for further discussion on Governments attempting to ban cryptocurrency.
- Circle Launches Stablecoin (USDC) – the Boston-based payments company Circle launched its dollar-pegged stablecoin called the USDC. This release follows the launch of cryptocurrency exchange Gemini’s stablecoin (GUSD). Tether has competitors in the ring which can only to a good thing – let’s get ready to rumble!
- Billionaire entrepreneur and cryptocurrency advocate Tim Draper has stuck by his Bitcoin price forecast of $250,000 by 2022 while voicing concerns over hard-handed regulation worldwide.
And that’s my whistle stop tour of the weekly news. If you liked this update, feel free to share the post below.