Crypto weekly - week 30

Cryptocurrency news of the week – week 30

 A summary from the last few days

Bitcoin back in green

The market has risen considerably in the previous week, which has meant that more coins have stood in green. In about seven days, Bitcoin alone has had an increase of 22%. At the time of writing, Bitcoin is heading for $ 8200, an increase of $ 1700 from Bitcoin’s $ 6350 exchange rate for a week back.

Otherwise, the last period has been characterized by incredibly many positive news for crypto.

US Congress calls digital currencies for “Future Money”

The US House of Representatives gives Bitcoin and cryptocurrency a big boost by mentioning cryptocurrencies as “future money” in front of a critical hearing in Capital Hill.

If you want to know more about what they say in the hearing, tap the source here to see the livestream.

Ex-JP Morgan VP: Blockchain can be the key to avoiding the next global financial crisis

The former vice president of the North American investment bank JPMorgan Chase has said that blocked “could be the key to avoiding the next financial crisis,” reports China Economic Times in a post, July 23. You can read more about it here.

MarketWatch: Blockchain in telecom will be an industry worth $ 1 billion by 2023.

Blockchain will contribute almost $ 1 billion to the telecom sector alone over the next five years, MarketWatch reported on July 11.

The 132-page long report identifies “increasing security issues” as one of the most important factors for using blockchain, which operators in the arena regard as a potential protection area despite the still liquid regulatory status.

You can read the press release here.

Walmart wants to utilize blockchain technology

Walmart wants to make use of blockchains to make shipping “smarter.” Walmart explains in the statement that online store has created shipping challenges for retailers, especially concerning perishable products that require temperature control and thus necessitate further innovation

Read more about Walmart’s statement here.