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Charles Hoskinson is the CEO of IOHK, a company for blockchain development which works on projects such as Cardano and Ethereum Classic. Now known as the face of Cardano, Hoskinson was actually one of the eight original co-founders of Ethereum. On his YouTube channel, Hoskinson has recently revealed he declined to take a founder allocation of 293,000 ETH.
eToro is getting ready to launch a cryptocurrency exchange in the fourth quarter of this year and is also in the process of expanding to the US market, where it is acquiring the necessary licenses.
The Stellar platform now has a stablecoin in the form of Stronghold USD. The token, as the name suggests, is developed by fintech startup Stronghold. Pegged to the U.S. dollar, Stronghold USD is backed by FDIC-insured USD reserves with custody provided by PrimeTrust.
This week’s selection of coins to watch includes three tokens that are powering blockchain platforms.
The month of June saw a slight decrease in the number of projects committing to performing Initial Coin Offerings. The total amount collected by ICOs was also down; however, despite these dips, June was still generally healthy as a significant amount of ICO activity took place.
OKEx is one of the biggest players in the cryptocurrency exchange market – with $1.15 billion in 24 hour trading volume, it is currently the second busiest crypto exchange in the world behind Binance. OKEx has now listed ADA, the token issued by the Cardano project. Deposits will open today, but OKEx users will have to wait until July 23 to trade the token.
One of the features EOS promised to deliver during its ICO was enterprise-level scalability, which would allow for the platform to host a number of popular applications without encountering bottlenecks. On this front, EOS seems to be progressing nicely, as it has recently surpassed the 3,000 transactions per second mark.
Bitcoin has found its 2018 bottom according to Barry Silbert, the CEO of Digital Currency Group, a company with the likes of Coinbase, Kraken, Coindesk and Ledger in its extensive investment portfolio. Bitcoin’s lowest point this year so far was about $5,900, where it was briefly trading on June 29.
Marc Lasry is a billionaire investor, CEO of Avenue Capital Group and co-owner of the Milwaukee Bucks NBA team. He recently appeared on CNBC’s “Delivering Alpha” conference and expressed a bullish perspective on Bitcoin, saying that he has invested about 1% of his $1.7 billion net worth into BTC.
Bitcoin's annual energy consumption takes up 0.3 percent (according to some estimates up to 1 percent) of the entire global energy consumption, an amount that could satisfy 10.5 percent of the total yearly energy consumption of Australia. Given the fact that the energy required to mine each successive bitcoin is continuously increasing, there is a big economic incentive for bitcoin miners to look for countries where electricity is cheap and easily accessible.
