$20K Bitcoin, Winklevoss Twins, Tron BitTorrent Acquisition, Iran State Issued Cryptocurrency ...

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1) Mike Novogratz’s crypto-focused merchant bank Galaxy Digital released its first quarter report for 2018, posting a $134 million loss as cryptocurrency markets slumped, according to Bloomberg July 26.

Earlier this month, Mike Novogratz predicted that mass adoption of crypto and blockchain is s“still five to six years away.” Novogratz said that one of the major obstacles preventing widespread adoption is the increasing “cost of technical talent” as well as the doubts of conventional investors, who are aggravated by “no clear precedent for the financial industry.”

 

2) TRON’s long-rumoured acquisition of BitTorrent Inc., the operator of popular torrent client uTorrent, has been confirmed by TRON founder Justin Sun in a community letter published July 24.

Bittorrent is […] the first decentralized Internet protocol with large-scale global application, [which] even today [... ] retains its status as the world’s largest decentralized protocol, once transmitting 40% of daily Internet traffic.

As of press time, TRON (TRX) is ranked the eleventh largest cryptocurrency globally, trading around $0.04 with a total market capitalization of over $2.3 billion, according to CoinMarketCap.

 

3) Ethereum co-founder Joseph Lubin referred to Berlin as “the most important city in the blockchain cosmos”, Cointelegraph auf Deutsch reported July 25.

Lubin said that, "Berlin has the infrastructure, Berlin has the talent, the really good programmers are here." Lubin added that, if Berlin wanted to maintain its status as a blockchain hub,  "the government needs to set up more programs to promote blockchain."

 

4) Alexis Ohanian, a co-founder of both Reddit and VC firm Initialized Capital, upheld his $20,000 Bitcoin (BTC) and $1,500 Ethereum (ETH) forecasts for 2018 in an interview with CNBC on July 24.

Speaking of the “battle-tested” Bitcoin, Ohanian said the asset is “certainly the most robust” and “one of the best proofs” of crypto being a possible store of value — asomething he underscored as increasingly important in a global context of fiscal and political “uncertainty.”

Ohanian noted that “as volatile as it’s been, we see [Bitcoin] continuing to go up over the long term,” adding that his belief in the coin’s resilience has been cemented by ongoing developments to make blockchain more scalable.

 

and more .... 

 

Bitcoin AUD Price @ www.coinspot.com.au (Australia's most popular exchange platform) - 

$11154.98 (28/07/18 @ 1346 AEST)

 

 

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Jazz Sidana and Mark Barra (Jazz & Barra)