Vitalik Buterin and Ethereum in problem

As I have mentioned several times, at current throughput max of 20 tps, the 1.3MM daily transactions of Ethereum is a hard cap. So until Ethereum goes to proof of stake 

But why the slowdown? Three fundamental reasons:

1. ICOs were hit with increased regulation in March.

Since the killer app of Ethereum was ICOs, the slowdown of the ICO market starting really in march has slowed down all other metrics of Ethereum.

2. Realization that Ethereum based dApps are very unfriendly

There were a lot of interesting ideas hatched in 2017, but many of the Ethereum based ideas simply turned into apps that are hard to use. I like the premise of Augur, but the Ethereum app is literally not downloadable on my machine. Just as one example.

3. 

Eosio

 emerging as a real competitor.

Eosio has now been live for 2 months. It is far from perfect. But sending EOS from A to B on Eosio LYNX is a fundamentally different experience than sending Ethereum on any other app. With accounts and no direct gas fees, you can build something on Eosiothat you absolutely cannot on Ethereum.

Another action begin South Korea Cracks Down on Unauthorized Cryptocurrency Funds

South Korean financial regulators are cracking down on unauthorized crypto currency funds. 1 crypto fund launched by a local exchange is reportedly being investigated. The exchange claims no wrongdoing as its token activities were carried out overseas, but has promptly canceled its plan to launch a second fund.

Coinbase Raises $300 Million Reaching $8 Billion Valuation

The San Francisco based cryptocurrency exchange  service Coinbase announced on Tuesday that it had raised $300 million in series E equity funding. This latest round confirms Coinbase’s status as the largest cryptocurrency organization of its kind, bringing its market valuation up to $8 billion.

An other bad day in crypto market Canadian crypto exchange MapleChange hacked

Another crypto exchange was allegedly hacked or more probably exit-scammed today . This time it was a small and relatively unknown Canadian exchange MapleChange. The social media channels of the exchange swiftly proclaimed lack of funds to pay out their users and shutting down of all social media profiles.

The exchange claims there was a bug on their system which was exploited by the hacker to withdraw all funds and basically leave the exchange completely bankrupt.so sad another dip in the crypto market 

Stablecoins Are Not Crypto currencies Under Current Law

Japanese Regulator says : Stablecoins Are Not Cryptocurrencies Under Current Law
and stable coin has not applied the crypto action

Thailand SEC Warns About Nine Unauthorized Tokens

Currently, no digital asset issuer has been approved and no one has filed an application for a license [to issue tokens] with the SEC. Therefore investors to take caution when being solicited  information about investments in digital assets.

The Thai SEC warned the public on Friday about nine tokens and initial coin offerings  that have not applied for approval. However, the authority has found posts on social media, such as on Facebook and Youtube , publicly promoting and soliciting investments in them.

The nine consist of five tokens and four  initial coin offerings. According to the Thai SEC’s website, the tokens are Every coin, Orientum coin, Onecoin and OFC coin, Tripxchain coin, and TUC coin. The four  initial coin offerings are those issued by G2S Expert, Singhcom Enterprise, Adventure Hostel Bangkok, and Kidstocurrency.

The regulator has warned anyone who may come across them to take caution due to their high investment risks, stating:

Coinbase Launch Trading for First ERC-20 0x (ZRX) Token on their Platform

In July 21, Coinbase announced that it was considering the addition of ZRX to its platform,

Coinbase revealed its plans to add support for ZRX tokens in March. “After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add any ERC-20 asset added  to the Coinbase platform .

At press time, ZRX is trading at around $0.83, up 17.38 percent over the last 24 hours, according to CMP. The Altcoin price rallied to $0.85 today following the Coinbase announcement. 0x Coinbase market capitalization is around $464 million, while its daily trading volume is around $46.5 million at press time.