Cryptocurrencies Market Overview - April 26, 2018

Today in the news:

• The 17 Millionth Bitcoin has just been mined. 4 millions to go!
• The Philippine government is welcoming nearly a dozen cryptocurrency companies to operate in a special tax-friendly economic zone.
• The Spanish bank BBVA becomes the first global bank to issue a loan using Blockchain technology.
• South Korea’s Deputy Minister of Strategy and Finance stated that the cryptocurrency market is growing exponentially, gaining stability and could threaten the foundation of the traditional fiat system.
• Nexon Korea has denied that they are in talks to acquire Bitstamp.
• And more crypto news below...

24 Hour Change

Realtime chart on my website CoinMarkets.today

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Bitcoin daily chart

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - April 26, 2018

Bitcoin Risks Deeper Pullback After Drop Below $9K

After an overnight drop, bitcoin looks to have found acceptance below $9,000 and risks a deeper pullback, the technical charts indicate.

_{Read more: www.coindesk.com}

The 17 Millionth Bitcoin Is About to Be Mined: What It Means and Why It Matters

Bitcoin's limited supply is about to get a bit more limited. Barring an unforeseen event, the 17 millionth bitcoin is likely to be mined today.
_{Read more: www.coindesk.com}

Philippine Gov’t To Allow Country’s First Crypto Businesses In Special Economic Zone

The Philippines will allow 10 blockchain and virtual currency companies to operate in an economic zone to take advantage of tax perks while generating employment.
_{Read more: cointelegraph.com}

More sources:

• Philippines to allow cryptocurrency operators in economic zone
• Philippines Welcomes Crypto Economic Zone
• Philippines Legalizes Cryptocurrency Exchanges in Economic Zone

“We Stand by Our Commitment with the Ethereum Ecosystem,” Says Gavin Wood of Parity

“We are early pioneers in a new industry where software is money, and one oversight can cost millions… Making mistakes has changed and matured us… All of us at Parity Technologies are deeply sorry… Let us make clear: we have no intention to split the Ethereum chain.” So says Parity in a just published statement following the final results of an eth holders vote that rejected a proposal to restore 500,000 eth accidentally frozen due to a multi-sig bug.
_{Read more: www.trustnodes.com}

More sources:

• Parity Says 'No Intention' To Split Ethereum Over Fund Recovery

Spanish BBVA Becomes First Global Bank To Issue Loan Using Blockchain

Banco Bilbao Vizcaya Argentaria (BBVA) became the first global bank to issue a loan using Blockchain technology.
_{Read more: cointelegraph.com}

More sources:

• BBVA Issues $91 Million Loan Using Two Blockchains

South Korean Government Official Says Crypto Questions Foundation of Fiat System

South Korea’s Deputy Minister of Strategy and Finance, Kim Yong-jin, stated at a financial conference held at InterContinental Seoul that the cryptocurrency market is growing exponentially, gaining stability and could threaten the foundation of the traditional fiat system according to a report in the Merkle.
_{Read more: www.coindaily.co}

More sources:

• Cryptocurrency Has Potential to Threaten Fiat: South Korea’s Finance Minister

The Impact of Upcoming Cryptocurrencies on the Financial Industry

Blockchain technology is already beginning to have a massive effect on the financial industry. With established cryptocurrencies like Bitcoin, you get a secure store of value, trustless peer-to-peer payments, and complete monetary control. Other upcoming cryptocurrencies are making significant impacts as well. As these and more cryptocurrencies continue to improve the finance sector, it won’t be long before our current financial infrastructure is a thing of the past.
_{Read more: coincentral.com}

Gaming Co. Nexon Korea Refutes Rumors It Will Buy Crypto Exchange Bitstamp

Video game company Nexon Korea has denied that they are in talks to acquire the Bitcoin (BTC) exchange Bitstamp, local news outlet The Korean Herald reported yesterday, April 25. The company’s denial comes after Business Insider wrote yesterday about a possible deal rumoured between Nexon Korea and Bitstamp, where the latter would acquire the former for around $350 mln.
_{Read more: cointelegraph.com}

China Pins Hopes On Blockchain Technology For Government Audits

The National Audit of the People’s Republic of China, the country’s supreme audit institution, is pinning high hopes on blockchain technology as a way to improve government auditing functions.
_{Read more: www.ccn.com}

More sources:

• Chinese Government Considers Using Blockchain for Big Data Audits

Crypto Exchange Binance is More Profitable than Germany’s Biggest Bank Deutsche

This year, in the first quarter of 2018, Deutsche Bank, Germany’s biggest bank and one of Europe’s leading financial institutions, recorded a profit of $146 million. Binance, the world’s biggest cryptocurrency exchange, recorded a profit of $200 million.
_{Read more: www.ccn.com}

Samsung Sets Q1 Profit Record with Crypto Mining Boost

Samsung Electronics has reported 58 percent year-on-year growth in its operating profits for Q1 2018 - an increase driven in part by strong demand for cryptocurrency mining chips.
_{Read more: www.coindesk.com}

German Securities Trading Bank Reportedly Becomes First In Country To Trade Crypto

VPE WertpapierhandelsBank AG (VPE), a German securities trading bank, has partnered with Berlin-based technology company solarisBank to launch a cryptocurrency trading service for institutional investors.
_{Read more: cointelegraph.com}

More sources:

• VPE Bank First German Bank to Launch Cryptocurrency Trading

---

_{Visit my websites:
SteemBlockExplorer.com - SteemNow.com - CoinMarkets.today
¯\___(ツ)____/¯ Follow me @penguinpablo}