“One week in crypto feels like a year.”
Welcome to the Weekly Roundup!
A snapshot into the last 168 hours in the world of cryptocurrency and Invest In Blockchain!
After over sixty days of parabolic growth, the cryptocurrency market is finally taking a breather. Within the past, 48 hours, $200 billion has been wiped off the overall market cap, partly due to a natural correction, and partly due to the FUD.
South Korea is discussing a potential ban on exchanges that do not operate within the laws and China is banning cryptocurrency, again. The Chinese Government reiterated the need to end all forms of cryptocurrency trading by Chinese citizens.
Believe it or not the drama does not stop there!
The highly controversial Bitconnect lending platform and exchange announced they are closing down. This news shook the entire cryptoworld and left Bitconnect lenders and holders with worthless Bitconnect ($BCC) tokens. $BCC dropped 90% in price within 24 hours, causing more panic selling throughout the market. At the time of writing, the market is making a slight recovery for the previous “Black Tuesday”.
However, the Invest In Blockchain bull run cannot be stopped!
We have surpassed the 100K mark on the Alexa Rankings, thanks to our wonderful Invest In Blockchain community! Please remember to follow us on Twitter, Facebook, and Instagram if you aren’t already doing so.
Let’s look at some of the top stories from the past week:
As Bitconnect shut down its doors this week, it makes sense to relive the MtGox hack and closure as it was a milestone event with a big impact on the cryptoworld. Invest In Blockchain sits down with Jake Adelstein, co-author of the book Pay the Devil in Bitcoin, to learn more about the real story behind this event
There’s a good chance your next college degree could be on the blockchain! Well, not yet, but Cardano believes that in the future they can add a level of transparency to academia. This $ADA use case could be huge for the blockchain sector.
If you actively follow cryptocurrency, there is a good chance that you are familiar with Telegram. The encrypted messaging app is planning the world’s biggest ICO to date with a rumored $1.2 billion hard cap. Nadja Bester takes us inside the ‘leaked” whitepaper for an inside scoop on this monumental project!