BROUGHT TO YOU BY
 QUOTE OF THE DAY  |
| "Put not your trust in money, but put your money in trust." - Oliver Holmes |
Happy Saturday! If you were playing crypto roulette and had one coin to put all your chips on in Vegas, what coin do you pick?
Cheers,
Blockchain Brew Team
| COIN | PRICE | 24H |
|
| BTC | $6,709.384411 | +2.38% |
|
| ETH | $279.371569 | +0.84% |
|
| XRP | $0.325734 | +0.3% |
|
| BCH | $530.326071 | +0.06% |
|
| EOS | $4.977148 | +1.39% |
|
*Information as of 9:30 AM EST
ETH Whale on the move
20,000 ETH Has Been Moved From A Genesis Block Wallet To Bitfinex This Week
OG WHALE
- One of the first Ethereum investors may be contemplating selling a portion of their original investment in Ethereum made during the crowd sale in 2015
- A wallet that received 314,000 ETH from the network's genesis block has moved 20,000 ETH to Bitfinex
- This is not the first time the wallet has moved funds to an exchange, starting in May, the same wallet move 116,000 ETH to exchanges over multiple transactions
IDENTITY SPECULATION
- With such a massive amount of ETH being moved around by this one wallet, crypto enthusiasts have begun trying to guess who is behind the public address
- Some are speculating that it could only be Vitalik Buterin himself, but this is unlikely, with such a stake in Ethereum, it would be out of character for Vitalik to sell in this manner
- Whoever is behind the wallet was smart enough to get into Ethereum at the very beginning and now must have a motivation to sell
CAUSE OF DOWNTREND?
- Ethereum has been rocked harder than most currencies during this bear market (although all currencies have been hit hard)
- Investors speculated that ICO-funded startups were dumping their capital raises to pay for their projects and that caused selling pressure in the market
- This new evidence is another force that explains Ethereum slipping price, a large sale order like this can have substantial negative effects on the price
Japan's Financial Service Agency Says It Will Not Excessively Regulate Crypto
JAPAN & CRYPTO
- Earlier this year, the Japanese crypto exchange Coincheck was hacked resulting in more than $500 million dollars worth of crypto being stolen
- As a result of the theft, the Japanese Financial Services Agency has made efforts to make cryptocurrency trading within the country more secure
- Japan has been a crypto friendly country and the FSA wishes to protect investors and prevent money laundering, not ban cryptocurrency totally
- The country became the first nation to recognize Bitcoin as a legal method of payment and regulates exchanges under a national licensing program
NEW PRO CRYPTO REGULATOR
- The Japanese FSA has a new head financial regulator and to the delight of Japan's crypto enthusiasts, he is a proponent of cryptocurrencies
- As emphasized in the past by the Agency, the new head of the FSA says that he will try to find a balance between protecting investors and allowing companies to innovate
The new regulatory head spoke in an interview:
“We have no intention to curb [the cryptocurrency sector] excessively. We would like to see it grow under appropriate regulation.”
Why A Popular Car Auction Is Now Accepting Bitcoin
BONHAM'S CAR AUCTION
- One of the most famous car auctions in the world is hosted annually by the Bonham's Auction House
- Antique cars to high-performance, ultra-luxury sports cars are sold in the auctions to bidders into the millions of dollars
- Bidders come from all around the world to bid on these rare cars and some even remotely bid in the auction without traveling to the actual auction location
CURRENCY PROBLEM
- While Bonham's is proud to attract bidders from all sides of the globe, it does create one problem: they all have their own native currencies
- Bonham's faces a problem when a bidder wants to pay in a certain currency and the seller wants to be paid in another
- Sales can take weeks or even months to close because of this issue
BTC SOLUTION
- This currency dilemma has inspired Bonham to start accepting Bitcoin as payment in the auction
- Bitcoin is a perfect fit for this use case, as funds can be transferred directly between two parties much more quickly than a bank can transfer and exchange foreign currency
Elizabeth White, CEO of The White Company, who often uses cryptocurrency to transact luxury items explains:
“The great benefit of cryptocurrency is that it is a global currency, and is perfect for auction situations when you have bidders from all over the world."
WeChat and Alipay to Prohibit Cryptocurrency Transactions
QUICK RESPONSE
- Not long after five different regulatory agencies released warnings against cryptocurrency-related activities including initial coin offerings and trading, WeChat and Alipay stepped up to help
- Tencent, the company who owns WeChat Pay, released a statement yesterday that identifies three measures including real-time monitoring and pay limits to regulate "problematic" crypto-related platforms
- Likewise, Alipay announced in an interview that depending on the situation, Alipay has the ability to permanently ban crypto-related accounts
CHINA'S BLOCKCHAIN BRAIN DRAIN
- Many of China's crypto-related businesses have created new headquarters outside of China in order to explore cryptocurrencies
- Binance, one of the world's leading crypto exchanges, moved some operations to Malta to escape strict regulations on Chinese soil
- As for WeChat and Alipay, this move shows they are willing to work with the government to help aid China's crackdown on cryptocurrencies
New to Cryptocurrency? 21CRYPTOS Magazine is Your Essential Guide.
Crypto can definitely be a confusing industry to get into. Where do you start? Do you just jump into an exchange and buy the first Altcoin that has a kooky name? Are you looking to work in the field? Or even to meet some like-minded folks that want to support the decentralization movement? Whatever your reason, you’ll need a guide. And we hope that we can be that guide for you. Save yourself hours of research and get well-acquainted with the most trusted source of information out there.
Learn to trade, read unique thoughts from industry leaders, stay up-to-date on the latest headlines, get educated on how the tech works, and read reviews of the most interesting up-and-coming coin projects that’ll make you wonder why these haven’t been part of our lives all along!
It’s an exciting time ahead for us all. Lets share this experience together
Just for you special Blockchain Brew readers, you can get 33% off of a 12 month subscription with the code BREW21.
Visit 21cryptos.com now and start your journey!
Advertise with us: marketing@21cryptos.com
Writing and design services: content@21cryptos.com
Just say hey: contact@21cryptos.com
- Ohio regulators pitched their state as the future hub for blockchain by creating welcoming blockchain and cryptocurrency regulations.
- A New York district judge ruled that the CFTC can ban a crypto-firm for acting maliciously.
- Bank of America applied for a patent that details a crypto storage system.
Cardano (ADA)
First Vietnam Cardano meetup in Ho Chi Minh City, Vietnam from 6-8PM.
Today in Crypto is powered by coinmarketcal.com
Atomic Swap
noun
A protocol allowing users to exchange cryptocurrencies with one another. It allows users to cross-trade different cryptocurrencies without relying on centralized parties.
| Elastos (ELS) |
| Elastos will be a platform for decentralized applications (Dapps) that runs on a peer-to-peer network with no centralized control. |
| WEBSITE | | REDDIT |
The leading Blockchain Brew subscriber has 59 referrals.
Currently, you have 0 referrals.
Or just copy and paste the URL below to share it with others:
https://theblockchainbrew.com/?SQF_REF=192f87b56d
EARN REWARDS
- Get 5 referrals and we will send you a rockin' Blockchain Brew sticker set
- Get 10 referrals and you get exclusive access to become a Brew Crew member
Don't worry, we will be introducing much BIGGER rewards for the overachievers soon.
| The above is not intended to be investment advice. |
| 1317 8th Street SE, Minneapolis, MN 55414. |
| If you don't absolutely love us, drop us, click here. |
| Copyright © 2018 Blockchain Brew, All rights reserved. |
