Crytpocurrency Market Review 05.04.2018
Main page Finance, Cryptocurrency, Bitcoin Cash, Japan, India
Hot topic
5 April
3380 3k

Bitcoin Cash to fork on May 15. Bitcoin Cash (Bitcoin.Cash) is expected to fork on May 15, giving birth to Bitcoin ABC, developers announced in a Twitter post. The upgrade to the consensus rules will raise BCH’s blocksize fourfold from 8 MB to 32 MB and will activate and re-initiate a series of Bitcoin script operation codes.

Japan is getting ready to legalize ICOs. Japan is considering legalization of initial coin offerings. A government-backed research group has put forward a report ‘Call for Rule-making on ICO’ that would see initial coin offerings (ICOs) given regulatory definition and approval. Japan’s ICO Business Research Group is a task force that includes lawmakers, academics, bankers, and the chief executive of bitFlyer, Japan’s largest cryptocurrency exchange.

Foxconn to launch the first blockchain smartphone. First blockchain phone from Sirin Labs will be developed and produced in partnership with Foxconn International Holding. According to Sirin Lab statement, it has chosen Foxconn International Holding to manufacture the Finney smartphone. Sirin Labs is scheduled to release a phone based on the blockchain technology - including its own OS called Sirin OS in the 2nd half of 2018.

Reserve Bank of India bans cryptocurrencies. The Reserve Bank of India has virtually banned cryptocurrencies by barring regulated entities from providing services to any individual or business dealing in digital currencies. Indian residents can no longer purchase cryptocurrency through their bank accounts. And those who already are dealing with virtual currency shall exit the relationship within a specified time.

The total cryptocurrency market capitalization stands at $255 025 239 706.

Expected ICOs

For the full list of ongoing ICOs click here.

By Siranush Ghazanchyan

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