The market stayed around the same level during last week. The overall cryptocurrency market cap decreased 2% to $222 billion. Bitcoin and ether were both down by 1% to $6,600 and $230, respectively. Bitcoin dominance stayed at the same level at 51%.
In terms of price movement, there wasn’t much to talk about since there wasn’t much action. In fact, Bitcoin price had stayed in the $6-7,000 range for most of August and September.
However, in terms of the adoption of cryptocurrency, there were some solid developments.
Coinbase is launching an index fund comprised of assets listed on its platform. Chinese internet giant Baidu published a white paper for its upcoming blockchain. It also reported that Baidu has already launched an array of applications based on its blockchain, including image rights management system, education certification platform, etc.
Circle is joining the battle of stable coin and issued its own coin. This shows institutions are getting more interested in cryptocurrencies and are willing to build out the infrastructure themselves rather than waiting for third parties to do it. This to us is a bullish sign that cryptocurrency is getting more attention by the large institutions and on track for more and more adoption.
Google ends cryptocurrency ad ban — but only for certain kinds of ads: https://www.cnbc.com/2018/09/25/google-reverses-ban-on-cryptocurrency-exchange-advertising-in-us-japan.html
Rampant Collusion in EOS Exposed by Huobi Leak: https://www.trustnodes.com/2018/09/29/rampant-collusion-in-eos-exposed-by-huobi-leak
Circle's Crypto Stablecoin Is Now Trading: https://www.coindesk.com/usd-coin-arrives-circles-crypto-stablecoin-is-now-trading/
Bitmain filed for IPO in Hong Kong: http://www.hkexnews.hk/APP/SEHK/2018/2018092406/Documents/SEHK201809260017.pdf
BitTorrent to Integrate Tron Tokens in New Incentive Model: https://www.coindesk.com/bittorrent-to-integrate-tron-tokens-in-new-incentive-model/
Coinbase Launches Poor Man’s Crypto Index Fund for Retail Buyers: https://www.ccn.com/coinbase-launches-poor-mans-crypto-index-fund-for-retail-buyers/
Chinese Search Giant Baidu Shares Details of Upcoming Blockchain: https://www.coindesk.com/chinese-search-giant-baidu-shares-details-of-upcoming-blockchain/
Monero Patches ‘Burning Bug’: https://cryptoslate.com/monero-patches-burning-bug/
1Broker.com Domain Seized by the FBI: https://bitcoinist.com/1broker-com-domain-seized-by-the-fbi/
MetaMask now supports Ledger Hardware Wallets: https://medium.com/metamask/metamask-now-supports-ledger-hardware-wallets-847f4d51546
Crusher of the Month – Ethereum: https://crushcrypto.com/ethereum-crusher-september-18/
Education Series – What is delegated Proof-of-Stake: https://crushcrypto.com/what-is-delegated-proof-of-stake/
Post ICO Update – Quantstamp: https://crushcrypto.com/quantstamp-update-september-2018/
* The information contained in this article is for education purpose only and not financial advice. Do your own research before making any investment decisions.