The Week in Crypto 20th April 2018

Amazon bitcoin data patent, Coinbase acquire earn.com, Harbour raise $28M.

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The News

  • Amazon were awarded a patent for a data feed marketplace. As a result they might accept bitcoin as a payment method in order to sell bitcoin account data to governments and law enforcement. cnbc
  • Coinbase, America’s largest cryptocurrency trading application have purchased earn.com for $100 million. Earn.com allows people to earn cryptocurrencies by completing simple tasks. cnbc
  • Tax day passed in the States, with initial data indicating that a very small proportion of people reported their cryptocurrency gains. coindesk

Capital

  • Andreessen Horowitz have invested alongside Panterra Capital in a $28M round in Harbour, a company that legally issues tokens that represent ownership of real world assets. techcrunch

Adoption

  • ICICI Bank, India’s largest private sector bank, have on-boarded 250 corporates onto their trade finance blockchain platform. icici
  • Allianz is testing a token for internal money transfers to remove currency conversion inefficiencies. coindesk
  • Julian Gray, BP’s Technology Director, announced they have completed a proof of concept using internal tokens and would also consider working with companies who have conducted ICOs. smartereum

Market:

  • The bullish trend has continued this week, with the market up 17%. The overall market cap is now just above $380B. Ripple, the interbank payment protocol was one of the best performers, up 40%. Bitcoin is up 10% this week and is currently $8,800USD. Ethereum is up 20% and the global average is $605 USD.
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Cryptocurrencies by Market is super hot now a days.