Mapping out the Security Token Ecosystem | Volumes on crypto exchanges soar | Bitcoin Cash hard fork activates, splitting the chain in two
Bitcoin $5,581
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Ethereum $179.35
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Crypto Mkt Cap $184B
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BTC Dominance 52.70%
“A reminder, hash competitions are a marathon, not a sprint. Never look at victory too soon....” — Craig Wright, Chief Scientist nChain
The Big Block
As security tokens and tokenized assets gain steam in the crypto ecosystem, clear infrastructure begins to form. As we previously covered in our Block by Block series on security tokens, these new instruments aim to tokenize the ownership of all assets, whether they are public and private equities, real estate, or precious metals — even things like art. Investors are clearly taking notice as they pump millions of dollars into projects that support the issuance, exchange, and custody of security tokens.
We have categorized the security ecosystem into six sub-categories: (1) Issuance (2) Broker-Dealers (3) Custody & Trust (4) Legal (5) Compliance and (6) Trading
Read More on The Block (2 Minutes)
Around The Block
Volumes on exchanges soar as markets welcome volatility
In just 12 short hours, the price of Bitcoin dropped by 13% yesterday, erasing more than $12 billion from Bitcoin’s market capitalization. Prior to the crash, the market was experiencing the lowest 30-day volatility since December 2016. — More
Ripple’s chief talks up the company’s growth in Asia, challenging Swift, and unlocking ‘the internet of value’
Ripple CEO Brad Garlinghouse has been busy the last couple of days talking up his company's alternative to the Swift banking network and the global opportunity for digital banking. In Singapore, Garlinghouse told Bloomberg News Ripple's solutions for moving money between financial institutions were making headway against the incumbent system. — More
Bitcoin Cash hard fork activates, splitting the chain in two — More
Volatility persists after prices stabilize following crypto bloodbath — More
Sweetgreen becomes a Unicorn, plans to explore blockchain for supply chain — More
BitGo announces support for Gemini dollar — More
Binance announced it will list USDC as its second regulated stablecoin — More
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