Cryptocurrency price went up by 10% over the last seven days, exhibiting bullish action at last. It might be true that BTC is trading at 4% right now, but analysts believe that the market might be rising again. This is especially a possibility after the correction in July and August seems to have ended.
However, the definite blockchain and crypto developments over the week indicate that the bullish market is back for good, at least for now. What are these developments? Let’s learn below.
Istanbul Testnet Integration Delayed for Ethereum – The testnet iteration, which was expected to transform and improve the blockchain, has been postponed by the core development team. Hudson James, community manager at the Ethereum Foundation, informed developers that the activation date had been pushed all the way back to October 2nd from its initial September launch date. New incoming Ethereum Improvement Protocols, which have been submitted for review for the upgrade, might be the reason behind this pushback.
Bakkt Launches Bitcoin Custody Product Before its Futures Launch – Bakkt has started its Bitcoin custody service, enabling institutions a method for storing their BTC safely on the new platform. It is preparing to launch its Bitcoin Daily and Monthly Futures on September 23rd. The platform tweeted recently how physical delivery will bring more flexibility in maintaining bitcoin exposure.
China Confirms Speculations about Centralized Crypto – Mu Changchun, an official from the People’s Bank of China, has come out with a statement that the new centralized crypto will be supported by most e-payment platforms, such as WeChat Pay and Alipay. He also said that these token would function effectively as digital yans.
Telegram Continues Blockchain Rollout – The social media giant is continuing with its plans to launch its own blockchain. The Telegram Open Network (TON) code was recently released by the firm to facilitate running code on the blockchain.
Gustavo Fonseca loves anything digital and crypto-related which makes him sit up and pay attention. He got into the world of digital marketing and business digital transformation career in 2010. Some time later he got into Crypto, a dynamically developing segment at the intersection of the financial services and technology. Gustavo joined TheDailyCoins in September 2018.