4C Newsflash of July 17

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Market Cap at 1:44 (UTC) – $257,053,858,519 billion

Bitcoin dominance: 65.9%
BTC $9,508.19 (-9.80%)
ETH $202.77 (-7.96%)
XRP $0.301907 (-2.78%)

France to approve ICO 

According to Reuters, France is about to issue the new rules for crypto-related firms allowing them to issue ICO. The rules will require crypto firms to comply with standards on capital requirements, consumer protection and tax. Additionally, the executive director for legal affairs of the Financial Market Authority said that the authority was talking with several candidates for ICO and various crypto exchanges, custodians and fund managers. 

IBM blockchain patents increased by 300% 

A chart by LexisNexis PatentSight and Statista show that IBM is currently holding the most blockchain patents which is 108 blockchain patents and this figure is 300% higher compared to the previous year. Meanwhile, Bank of America is following behind with 52 blockchain patents and Mastercard is keeping 43 patents. 

UK is hiring crypto specialists 

In the recent published document, the government is going to take action on crypto to track down criminal activities by recruiting crypto specialists. A job offering has been posted on FCA website to recruit a team of crypto specialists called Crypto Intelligence Associate – Intelligence Services Team. The team is dedicated to regulate the internal and external patterns, financial and economic crime of crypto market. 

Further reading: HERE

German to stop Libra 

On Tuesday, Olaf Scholz, the German Finance Minister said that the local regulators must not allow Facebook’s cryptocurrency becomes a threat to financial stability and consumer privacy. He also reaffirmed that the euro was and remained the only legal means of payments in the euro area.


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