World Bank Mandates Bank Of Australia To Issue Blockchain-Powered Bond

Commonwealth Bank of Australia (CBA), the largest bank in the country is said to have been mandated by the World Bank to arrange what have been described as the world’s first blockchain-powered bond.

It will be the first to be created, allocated, transferred and managed via blockchain technology.

The New Debt Instrument (bond-i) will be issued and distributed by the World Bank in Washington and CBA in Sydney using a blockchain platform.

It was revealed that the two organizations are using a private Ethereum blockchain as of the moment but are looking in other platform

A Study Reveals Google Search Can Predict Bitcoin Price Increases

The National Bureau of Economic Research (NBER) has published a study that reveals that cryptocurrency markets move depending on the type of attention they receive which is said to be different from traditional financial markets.

It also reveals that the factors that influence market prices for crypto is different from traditional financial markets.

These factors include investor attention and market momentum.

The authors of the study, Yale economists Yukun Liu and Aleh Tsyvinski state that markets do not view cryptocurrencies similarly to standard asset classes which is contrary to common belief.

They also reveal in their paper that there is direct correlation between increase of Google searchers and Twitter activities to the increase or decrease of Bitcoin prices and much of other cryptocurrencies.

Binance’s Decentralized Crypto Exchange

Changpeng Zhao, CEO of Binance which is widely considered the number one centralized cryptocurrency exchange by transaction volume, has released a demo of the platform’s decentralized exchange in a released last Aug 9, 2018.

It was a six-minute video attachment video that many can describe as casual, early, pre-offer demo of Binance's decentralized exchange.

He also intimates that he is not expecting too much with regards to the decentralized exchange at the moment adding that it does not even have a graphical user interface.

In the video demonstration he showed its three essential features “creation, listing and trading of tokens.”

There has been no information when the new binance-backed cryptocurrency decentralized exchange will be launched and it remains to be seen when the exchange will be marketed.

On a side note Binance earlier this month has acquired Trust Wallet, an open source, anonymous and decentralized wallet that supports over 20,000 Ethereum tokens and is planned to be the default wallet for the decentralized exchange.

First Litecoin Blockchain-Based Crypto Game

The first Litecoin blockchain-based crypto game has been released earlier this week.

This new crypto game offers users a set of collectible figures which can be likened to crypto kitties which resides in the Ethereum network.

According to the official website, the game is based on the Litecoin blockchain technology which represents a virtual world, inhabited by CryptoMonsters which are evolving and interacting with each other.

According to its official twitter account the game was a complete success as new users are registering in the game at a rate of 2.3 users per second, not bad for a new cryptocurrency game that wants to be the cryptokitties of Litecoin.

DEA States Lesser Illegal Activity On Bitcoin

A special agent who is working with the U.S. Drug Enforcement Administration (DEA) has recently revealed that Bitcoin has now a much lower illegal activity done on its blockchain which estimates to 10% down from 90%.

This detail quells the notion that the primary use of Bitcoin or cryptocurrencies in general is for criminal activities.

Lilita Infante, the DEA special agent, states that illegal activities is not anymore bitcoin's primary usage in an interview by Bloomberg, unlike 5 years ago when she started investigating cases involving Bitcoin.

However she stressed that this does not mean that criminals have stop using Bitcoin.

She also adds that despite other cryptocurrencies having superior anonymity features, most criminals use Bitcoin due to liquidity issues.

Moreover while privacy coins claims to be anonymous they have always ways to track the.

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