The Sunday Blog Roundup

winklevoss bros
The Winklevoss Brothers

The week has had good news from around the web. The biggest negative story was the Winklevoss brothers being rejected a second time by the SEC to list its ETF cryptocurrency on a regular exchange. The news did affect the crypto world bringing the top five coins down a few percent. Going into tommorow, Monday, as mentioned last week the typical Sunday drop-off has begun and the trading week comes with no real prediction. Coinbase is showing a profit of €25.32, and I will be depositing my usual amount but later into the week.

coinbase 29-07-2018
Coinbase

The G20 is still confused about the Blockchain and is looking towards government bodies to come up with possible recommendations for regulating the coins. The reports will be on the agenda next April, and further steps will be taken to clarify the Blockchain technologies. Individual countries are pushing forward with their systems, such as the United States and India. England has also started to look at how to implement the Law to protect themselves and the public. China is still leading the way with cryptocurrencies and the Blockchain, with subsidies from the government being dished out to encourage a more liberal attitude to this markets.

tradingview 29-07-2018
Stella XLM

The Stella XLM chat for the week shows that the Bears did make a push, however the value at the time of writing was $0.31 and holding its position at number 6.

bulls and bears
A Bear run on the Stella XLM

Coming into Thursday!

Lots of activity at the moment around cryptocurrencies, and around the markets in general. Most of the lesser known coins are showing gains over the week; however, going into the weekend there will be the usual drop off until Monday morning. Most countries are now into the summer vacation period so it will be interesting to see if the trend continues.

26-07-18
Coinbase is now offering gift cards to help people use their accounts to buy from some regular outfits. The Coinbase wallet is showing again back to the Tuesday high point.
The Abra wallet is showing significant gains with Stella XLM still holding its own in the top 10. 24-hour volume is at 204,664,000 USD, 24,834 BTC giving it an increase of 8.14% in the period. The news for Stella is its expanded use in the middle and far East. In particular, the UAE (United Arab Emirates) using the currency for payments. With the boost in value, I expect more investor to enter the coin market. The other coin I currently hold is the NEO and is also a top gainer. It is presently ranked 13 according to the CoinMarketCap with a 24 hour gain of 2.40%.

Stella XLM is on the move

stellar logo.png

A late start for me today, but this helps me to show the current value of Stella XLM. As you can see in the Tradingview graph the month of July has seen a considerable increase in its value. Although the hype engine is mainly talking about bitcoin BTC and the top five cryptocurrencies, it is interesting to see the lesser value coins starting to appear. I hold 247.933 XLM in an Abra account, and each has a unit price of €0.26 at time of writing. With the top five cryptos being out of reach for small-time investors like me, it is good to see that the general media and the public are becoming more aware of the possibilities offered around the blockchain.

XLM 25-0718
XLM/Dollar Monthly Chart

BIS logo

Other news not so high on the spotlight agenda, but one that should be considered carefully is the BIS Bank for International Settlements. Some rousing speeches coming out at the moment notably, Ms Marja Nykänen, Member of the Board of the Bank of Finland. Which takes on Banking in the digital age, in brief, they are looking more seriously at the implementation of crypto assets and payment services. A more in-depth look into money and payments have been taken on by Stefan Ingves of the Stockholm School of Economics. Somewhat a history lesson but none the less a vital view into where the future lays.

Money and payments – where are we heading?

Coinbase is struggling over the last 24 hours with the big four taking a slight downward trend.

coinbase 25-07-18
Coinbase Portfolio shows a loss of €6.26 over a 24hr period

Regulation, regulation, regulation!

g20 eu commision

The buzzword around the blockchain at the moment is regulation. The G20 Finance Minister & Central Bank Governors held their meeting between the 21st – 22nd July. The general outlook is mixed by not negative. They did raise concerns over Tech innovations stating that Crypto-assets lack regulation. The deadline for clarifying this will be in October 2018. Also, the European Commission (ECON) has brought out a considerable study to help bring them up to come up to speed on the emerging technology. The report focuses mainly on the FinTech areas, but there is some information on Crypto assets.

24-07-18
Coinbase

Over the past 24 hours, Bitcoin BTC has seen a marked increase bring the level up to the 8k mark. Other Crypto assets have been struggling such as Etherum ETH and Litecoin LTC. Tether USDT which is pegged to the US dollar has seen some significant activity over the past few days, indicating a renewed interest in all Crypto assets. Coinbase is showing growth at the moment with the Bitcoin taking the lead.

eth 24-07-18
Etherum ETH
btc 24-07-18
Bitcoin BTC