Is Google involved in Cryptocurrency?

After a long period of stagnation, in which it did not seem to be able to break away from the 6 thousand dollars threshold, bitcoin started running again, rising above 7 thousand dollars.  With a rebound of around 20% in the last week, more than half concentrated in the last 24 hours, the most famous cryptocurrency is currently trading at around 7,400, with a capitalization jumped to 125 billion dollars.

 

  After the peak reached last December at a step of 20 thousand dollars, the bitcoin has deflated in recent months, reaching the lowest point of the year below 6 thousand at the end of June.  The rebound has driven the entire sector with all the first cryptocurrencies that have made significant recoveries that have brought the total value of cryptocurrencies close to 300 billion. 

  As often happens for cryptocurrencies, there is no specific reason. Someone points to the return of interest in terms of investment diversification in light of concerns related to the global equity markets. But in reality, there is an overall return of interest on the part of big finance. Although the CEO said he was very cautious, the managed savings giant Blackrock has created a specific working group on blockchain and cryptocurrencies, signaling a possible future entry into the sector. 

   In addition, the American Sec this week actually allowed Coinbase to sell tokens even if treated as securities, allowing the exchange to continue opening up to the world of ICOs, the innovative way to raise funds through cryptocurrencies.  Last week Coinbase itself announced that it wanted to expand its digital currency list by adding five more cryptocurrencies. 

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by Laura Cavestri

S&P: companies out of the tunnel. 

  This is despite the fact that the last period has seen a surge in hacker attacks on exchanges around the world hunting for cryptocurrencies held in custody by these companies. 

I’m also studying its cryptocurrency.

  The growing attention that companies devote to the blockchain, the technology behind bitcoin, and projects related to cryptocurrencies contribute to fueling interest in cryptocurrencies.  Last in chronological order is IBM, which announced that it is studying a project for the creation of a “stable coin”, a cryptocurrency linked to parity with the dollar. 

  The currency, called Stronghold Usd, will be developed on Stellar's platform and will be backed by dollar reserves held by Prime Trust, an asset manager specializing in blockchain.  The goal for IBM, which is betting heavily on blockchain applications, is to use the currency to reduce the volatility of cryptocurrencies, such as Tether, a controversial cryptocurrency linked to parity with the dollar and suspected of having been used to manipulate quotes.