Week 40 and 41 have been two stable weeks, at least until this Thursday, if we are to calculate in terms of price changes. Bitcoin initially kept a stable position between $ 6500 to $ 6650, something that is the same as in week 39. On Thursday, Bitcoin and the market went down from $ 6500 to $6300 and it remains at the same level today.

The sentiment in the market seems to continue positively, as did at the end of week 39. Several market players have stated that they believe the bottom is either close or reached. In other words, the cryptos community can hope for a potentially bull-run in the near future. Should we look back in time, December has proved to be a good month for price growth for cryptographic exposures previously.

One thing that is certain is that more and more news within blockchain and cryptocurrencies involves big and serious companies. News about agreements and general focus in the field is now much more central than pure price and project speculation. A healthy sign for the ecosystem!

Here are some of the current news in the last two weeks, along with some good reading material.

At the age of just 19, the Canadian-Russian teenager – Vitalik Buterin – created a crypto-empire. An empire consisting of the cryptocurrency Ethereum, which at the time of writing is the second largest cryptocurrency measured at market value, right in the heels of Bitcoin. A market value, which in December 2017 peaked at a market value of approximately $ 138 billion, resulting from an Ethereum price of over $1400 for one Ether.

We give you the story of Vitalik Buterin; The story of a genius whose IQ is as big as Einstein’s IQ, if not larger. The story of a boy who did not play Lego as little, but preferred to play in – and explore the possibilities with Microsoft Excel. A teenager who, at the age of 19 years back in 2014, moved from the hometown of Toronto to Zug, Switzerland, to develop what we now know as Ethereum. And moreover, the story of an adult man in the early 20’s, who learned to understand and speak sensible mandarin in just 4 months.

You can sense where we are heading. And it will be even wilder. We have gathered the threads of Vitalik Buterin’s life (so far) – and reproduced them to find out why and how he created the world’s second largest cryptocurrency; Ethereum.

Read the full article here

[How Thailand effectively killed the ICO market]

Thailand is a beautiful country that is developing at a consistent rate. Unfortunately, the regulation is not beneficent for those who trade or use digital assets. This is real pity an otherwise open society (certainly for tourists) with a lot of bright minds has taken such draconian measures.

First off, by trading digital assets in Thailand, you are bound to pay 20% withholding tax, 15% capital gains tax and 7% sales tax on every transaction.

How Thailand effectively killed the ICO market

On July 16 this year, the Thai SEC released a set of guidelines for ICO’s in the country. To be able to launch an ICO, you would have to adhere to the following guidelines:

1. Establish Local company with 51% minimum local ownership, capital paid of 5 million baht.

2. Apply for an ICO license through a yet to be formed entity called the ICO hub.

3. Prove capital paid up of 100 million baht.

4. Apply with the Thai SEC for permission, which may or may not be granted even after the above cost!

If you went through the process and were lucky enough to get your company granted to hold an ICO, there are additional things that hinder success.

1. No direct capital contributions are allowed in neither fiat or crypto, all contributions must run through a licensed exchange which is subject to the above tax.

3. Retail investors are limited. Institutional investors are allowed, but all are subject to the above tax structure which efficiently hinders the majority from participating.

Thailand, on the other hand, has an incredibly vibrant Blockchain and digital assets community, filled with super smart, innovative people and solutions. It’s a shame when regulators are without vision.

Source: https://icoshock.com/thailand-ico-regulation/

There has been a lot of excitement in the crypto market so far this week. The Winklevoss brothers have won a patent for a crypto key storage system, Venezuela’s cryptocurrency has begun to take off in user numbers and Bitcoin’s transaction value has surpassed significant players like PayPal and Discover.

Read the full article here

Australia's New South Wales (NSW) government is turning to blockchain for a state-wide test of its driver card digitization scheduled for November.

In an announcement on August 20, the NSW government said they would start the pilot project for 140,000 people with driver's license in the state before a formal roll-out in 2019. Secure Logic, an Australian IT company and technological partner on the project, said Monday, 10th. September that the blockchain platform will support the initiative to secure data in a distributed manner.

Read the full article here: https://icoshock.com/australian-pilot-project-puts-driver-licenses-on-blockchain/

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