Welcome to another installment of the crypto week in review. Each day I'm selecting an article that I consider relevant for the crypto world and, at the end of the week, I collate all those articles in a single one. Not all the articles presented here are actually mentioned in my feed during the week, as sometimes I feel I would clog the view with too much info. But looking back at what happened, in a condensed form, may help us crystalize a better picture about the whole industry.
Monday - After Goldman Easing their Stance On Crypto, Black Rock Is Following Suit
According to a story published on Financial News, ETF giant Black Rock announced the formation of a new division that will asses the potential of crypto trading. This news comes amidst similar position taken, for instance, by Goldman Sachs, who announced a couple of months ago a similar division forming.
Black Rock manages assets up to 6.3 trillion dollars. At the moment of writing, the entire crypto market cap was just a little over a quarter of a trillion, namely $258 billions.
Tuesday - Coinbase Approved To Trade Tokens Deemed As Securities
The US-based platform Coinbase, which has been very active during the last 6 months, announced it received a green light from regulators to introduce in its listings tokens deemed as securities. This would be possible through a series of acquisitions of a few securities trading companies, three of them, to be more precise: Keystone Capital Corp., Venovate Marketplace Inc. and Digital Wealth LLC.
Wednesday - Coinbase Not Really Approved To Trade Tokens Deemed As Securities
In a public message posted by Bloomberg, Coinbase retracted on its previous announcement that they have been received SEC approval for trading tokens deemed as securities.
According to the same source:
“It is not correct to say that the SEC and FINRA approved Coinbase’s purchase of Keystone because SEC was not involved in the approval process,” Coinbase spokeswoman Rachael Horwitz declared.
Thursday - Institutional Investors Provide 56% of Capital Inflow - Crypto Investment Report
A first-ever crypto investment report released by digital asset management fund Grayscale Investments reveals that the majority of capital inflow this year is coming from institutional investors. According to this week’s report, institutional capital accounted for 56 percent of all new investments into Grayscale products during the first half of 2018.
Despite the undeniably bearish picture for crypto markets during this time, Grayscale remarks that “counterintuitively,” the pace of investment has “accelerated to a level that we have not seen before.”
Friday - CoinmarketCap To Clean Up Their Stats
In a blog post published on Friday, CoinmarketCap, the leading crypto price feed aggregator, announced a number of improvements to their data acquisition and display methods. They removed the minimum volume requirement for an exchange to be listed and added a few extra filters, in an effort to bring more transparency into how they gather and present data.
These measures come after many complaints about inaccurate data - peaking with the exclusion of some South Korean exchanges during the last bull run. It still remains to be seen if these measures will actually lead to more accurate data.
If you enjoyed this Crypto Week In Review, feel free to share it in your feed.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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That was a very interesting week , great summary
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Things are really starting to heat up again huh? The second half of the year will be very interesting. I can see the bigger companies changing their tune and starting to jockey for position and trying to corner sections of the market.
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this was a fantastic week for crypto lovers after a very long time everyone feel so positive
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A trillion dollar market cap will shoot big assets like BTC and Eth to another all time high.
If steem can maintain its current satoshi value, we are pretty much safe.
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past 2 or 3 days were good in Crypto world, hopefully market will go like this.
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Black Rock manages assets up to 6.3 trillion dollars. At the moment of writing, the entire crypto market cap was just a little over a quarter of a trillion, namely $258 billions.
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Good week review. I have shortage of time to read it completely. But when i will be back i read will tead ot completly to know about weekly stats.
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I can see the news all surround Coinmarket Cap, even said as the leading crypto price aggregator. Where does that put Blocktrade.us.
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It was a beautiful week and there are lots of events
Thank you for the great effort, my dear friend
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@dragosroua coinbase trading new securities , is there any particular coins associated with this ??
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Generally this are good news, specially that Institutional Investors Provide 56% of Capital Inflow :)
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Thank you for sharing these wonderful news with us sir, God bless you for all your efforts.
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Nice week discription , institutional investors provide 56% its a great news . Every week crypto down and up . Great summery .
Thanks for sharing @dragosroua
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thank you for give us this kind of news
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