Crush Crypto Weekly – October 28, 2017

Market Insights

The past week was pretty quiet for the crypto world. Bitcoin was down 3% to around $5,800 and Ether stayed flat at around $295.

There are a lot of uncertainties about the upcoming Bitcoin SegWit2x hard fork. The future price for SegWit2x fork has been trading rather steadily at around $1,000. However, even the exchanges don’t know what will happen after the hard fork.

Coinbase issued a statement that is supportive of the legacy chain by naming the SegWit2x fork B2X, only to change its stance 1 day later and decide to call the chain with the most accumulated difficulty Bitcoin (BTC). Jeff Garzik, the lead developer for the SegWit2x chain, drew criticisms this week when he revealed the ICO of Metronome by his firm Bloq.

You can read about the stance of different exchanges regarding the upcoming fork in this article: https://bitcoinmagazine.com/articles/b2x-or-not-b2x-how-exchanges-will-list-segwit2x-coin/

Bitcoin Ethereum Price Chart

Developments in the Cryptocurrency World

Russia Promises Regulation Will Not Kill ICOs: https://news.bitcoin.com/russia-regulation-icos/

Coinbase’s stance on the upcoming Segwit2x Fork – https://blog.coinbase.com/clarification-on-the-upcoming-segwit2x-fork-d3c0f545c3e0

Japan's SBI Holdings Is Gearing Up to Mine Bitcoin: https://www.coindesk.com/japans-sbi-holdings-reveals-wider-push-into-cryptocurrency-industry/

South Korea to Step Up Supervision of Bitcoin Trading After IMF Calls for Reform: https://news.bitcoin.com/south-korea-supervision-bitcoin-trading-imf-reform/

Singapore Will Not Regulate Cryptocurrencies, Singapore Official Says: https://cointelegraph.com/news/singapore-will-not-regulate-cryptocurrencies-monetary-authority-of-singapore-official-says

Tezos ICO Is Officially Under Investigation: https://themerkle.com/tezos-ico-is-officially-under-investigation-by-block-leviton-llp/

Company’s Stocks Rocket 400% On Blockchain Rebranding: https://cointelegraph.com/news/how-about-an-ico-companys-stocks-rocket-400-on-blockchain-rebranding

‘Metronome’: SegWit2x Developer Jeff Garzik is Also Building an Altcoin: https://www.cryptocoinsnews.com/metronome-segwit2x-developer-jeff-garzik-is-also-building-an-altcoin/


Video Summary


Articles From Crush Crypto

Analysis of QuantStamp ICO: https://crushcrypto.com/analysis-of-quantstamp/

Analysis of UTRUST ICO: https://crushcrypto.com/analysis-of-utrust/

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