Daily Cryptocurrency Bulletin For Monday, July 1, 2019

July 1, 2019 2:24 pm Published by

General News

Bank for International Settlements (BIS) Chief Agustin Carstens has acknowledged central banks will likely soon need to issue their own digital currencies, following years of comments and reports heavily criticising cryptocurrencies over. This comes as the IMF and World Bank conducted a survey on financial institutions within all member countries, showing several central banks are considering implementing some form of CBDC. Uruguay has launched a CBDC pilot program already, while the Bahamas, China, Eastern Caribbean Currency Union, Sweden and Ukraine are “on the verge” of testing their systems.

Henry Kravis, co-founder of the private equity firm KKR & Co., is the latest billionaire to invest in blockchain and cryptocurrency – investing in ParaFi Capita’s crypto fund.

JPMorgan Chase CEO Jamie Dimon indicated “blockchain is real” and the “competition is real,” as he fears the rise of crypto companies trying to “eat [our] lunch.” 

Xetra, a Deutsche Börse-operated trading venue for financial assets such as stocks, bonds and funds, has just listedits first blockchain company. Advanced Blockchain AG, developer of DLT software for businesses, shares will be tradeable on Xetra from today. 


Bitcoin $10,973.81 USD (-5.59percent) transactions worth $6 billion were included in a single block (583,139) yesterday. This comes as BTC retracted close to the $10,000 handle, but with the level still holding strong for now. Bitcoin network’s overall hash rate hit yet another new record today – surpassing 69 quintillion hashes per second.

Ethereum $294.05 USD (-3.57 percent) network daily transactions registered has exceeded one million for the first time since May 2018. 

Golem $0.094594 USD (-1.94 percent) Factory executives are spinning-off a new initiative called the Golem Foundation to pursue more ambitious research and development opportunities for “the value proposition of Golem and of the Golem Network Token (GNT).” They also announced “privacy-related tools are an important part of Foundation plans.” Often described as “Airbnb for computers,” the Golem project is an alternative to current cloud computing networks where users can buy or rent out unused computational resources. 

Power Ledger $0.108797 USD (2.85 percent) has partnered with U.S. clean energy development firm Clearway Energy Group to launch a pilot program after jointly building a system for trading renewable energy certificates. Power Ledger announced the solution will be tested in Massachusetts, generating one to five megawatts of electricity, while the second test will take place in the Midwest and generate upwards of 20 megawatts. They plan for tests to continue for several months, with the service planned for expansion in early 2020.

Tron $0.032489 USD (-5.63 percent) CEO Justin Sun has announced the upcoming launch of BitTorrent’s latest testnet – set for July 1st. Also, a variant of the InterPlanetary FileSystem (IPFS) protocol, BitTorrent Speed will be available on July 8th. As more users join the platform and share content, the goal is to scale BitTorrent Speed to become a universal platform encompassing aspects of social media like Facebook to search engine functions like Google and a computer cloud product like Amazon Web Services.

– WN.com, Jamie Saarloos

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