Bitcoin This Week: Nasdaq Meets In Secret With Crypto Exchanges, Bitcoin Prices And More
DMG Blockchain Bringing Industrial-Scale Mining To Canada
Canada has positioned itself as leading the way in blockchain innovation. Soon it will have the largest crypto mining station in North America, if the plans of DMG Blockchain Solutions come to fruition. The company announced this week that it had begun installing its own “85 megawatt transformer and substation”, with plans to have the hub connected to the main power grid by September.
Thailand Bond Market Association Turns to Blockchain
The interaction between crypto markets, mainstream securities, and regulators has been a source of plenty of news over the past few months with the focus predominantly on the United States. However, other countries are developing their own methods of handling the disruptive influence of the crypto market, with Thailand’s Bond Market Association the latest in a series of stock exchanges to plan a digital platform to streamline its operations.
Accenture Lodges Blockchain Patent
Global business consultancy giant Accenture has filed a patent for a blockchain-based logistics platform. The firm has been proactive in its adoption of the technology, partnering with Ripple as far back as 2015, and recently causing controversy in the blockchain community with its patent for an “editable” blockchain appearing to fly in the face of the technology’s key advantage of immutability.
Nasdaq Meets In Secret With Crypto Exchanges
Nasdaq has met with representatives of companies from both traditional and crypto exchanges to discuss how best to move the crypto market to full regulatory acceptance, according to Bloomberg this week. Nasdaq CEO Adena Friedman has been a vocal proponent of crypto regulation, with her firm even going so far as to partner with the Winklevoss twins’ exchange, Gemini, earlier this year.
Bitcoin Immune to Latest ETF Disappointment
The Winklevoss twins cast their considerable shadows over the Bitcoin markets last week. News that the SEC rejected their latest application to launch a Bitcoin ETF shaved 6% off the coin’s value. But the panic was over very quickly and Bitcoin was back on a steady course by the end of the week.
Having hit $8300 for the first time in two months on Wednesday, Bitcoin opened on Thursday down to $8176 and was relatively steady until the Winklevoss news broke, dragging the price down to $7839 on Friday morning. It was back up to close Friday at $8165. Saturday and Sunday passed without drama, Bitcoin trading between around the $8200 mark, and breaking through the $8300 figure for a spell on Sunday afternoon.