Day: May 18, 2018

The Federal Council of the Government of Switzerland is considering the establishment of a national digital currency called the e-franc, with Reuters reporting Thursday a study has been requested into the possibility of its establishment.

The e-franc would utilize blockchain technology while operating under the jurisdiction of the Swiss state. The Federal Council requested the report, prompted by the vice-president of the Social Democratic Party, Cedric Wermuth. The motion is currently waiting for approval from the lower house of the Swiss Parliment before it can proceed.

The Federal Council commented on the study, saying: ”[The Council] is aware of the major challenges, both legal and monetary, which would be accompanied by the use of an e-franc. It asks that the proposal be adopted to examine the risks and opportunities of an e-franc and to clarify the legal, economic and financial aspects of the e-franc.”

The initial idea behind developing the state-backed cryptocurrency came from the chairman of the Swiss stock exchange SIX, Romeo Lacher. As reported by Cointelegraph, Lacher shared his positive sentiments of such a digital currency, saying “An e-franc under the control of the central bank would create a lot of synergies – so it would be good for the economy.”

While no timeframe has been provided regarding the period it will take for the lower house to come to a decision, should it be approved, the Swiss Finance Ministry will be responsible for coordinating the study.

Crypto in Switzerland

This news has come as somewhat of a surprise considering Switzerland’s largest bank UBS [SIX: UBSG] declined to facilitate Bitcoin trading earlier this month. Axel Weber, chairman of the bank, shared his negative perception of cryptocurrencies in a statement calling for stricter regulations. “[Cryptocurrencies] are often not transparent and, therefore, open to being abused,” he said.

Andréa Maechle, Board Member of the Swiss National Bank, last month expressed his view on nationally issued digital currencies, citing them as inferior to their private sector counterparts. Maechle noted that government-issued cryptocurrencies have an increased risk of bank runs- when a large number of customers of a bank or another financial institution withdraw their deposits simultaneously due to concerns about the bank’s monetary holdings.

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On Friday, May 18, 2018, the firm Purse.io, the company that enables up to 20 percent savings when users shop on Amazon with Bitcoin Core (BTC), announced native support with Bitcoin Cash. Now users spending Bitcoin Cash can get the same services the firm has been offering since 2014. Additionally, Purse has revealed its own Bitcoin Cash (BCH) Javascript library for node.js called ‘bcash.’

Also read: “Stablecoin” Trueusd Pumps After Binance Listing

Purse.io Adds Native Support for Bitcoin Cash

This week at the Coingeek conference in Hong Kong, the firm Purse announced native support for BCH alongside its new client release ‘bcash.’ Right out of the gate during this formal announcement, the firm details that a marketplace like Purse depends on cryptocurrencies that don’t rely on “speculative interest or enthusiasm alone.” The company says the average order on Purse is around $100 and the average discount is about $15 and two on-chain transactions. Then Purse says they witnessed the grueling debate last year, while BTC transactions climbed to $50 per transaction. Now Purse has added Bitcoin Cash to the platform with full native support.      

“We’re excited about the vision of a cryptocurrency for commerce and appreciate the overwhelming support from the Bitcoin Cash community — We’re thrilled to announce native Bitcoin Cash,” Purse explains in a blog post.

The update is being tested to ensure a smooth experience with a target live date by the end of May. In addition, once Bitcoin Cash goes live, users who missed the post-fork withdrawal period will be happy to see their balance restored.

Introducing ‘bcash’ an Implementation Not a Currency

In addition to the native support Purse has also unveiled the bcash implementation — an open source fork of the client bcoin, for the Bitcoin Cash network. Basically, bcash is an alternative implementation of the bitcoin cash protocol, written in node.js. The client can act as a full and SPV node, a wallet backend with BIP-44 derivation, a mining backend, and a general purpose BCH library. The bcash implementation will be the sixth BCH client joining Bitcoin ABC, XT, Unlimited, Parity, and Bitprim.

“We’re delighted to announce bcash, a bcoin implementation for Bitcoin Cash,” Purse details.  

We’re excited about projects including Yours, Joystream, Memo.cash, and Openbazaar, and excited to see new use cases emerge. Bcash is open source and ready for testing today.   

Two Crypto Nerds Agreeing?

Purse says to celebrate the Bitcoin Cash addition they have collaborated with the Bitcoin Cash Fund and customers who shop will earn a BCH cashback bonus this June.

“Going to from ‘One to Two’ has been challenging on technical and emotional levels — Over 25 crypto nerds work at Purse — When’s the last time you heard even two crypto nerds agree on anything?” Purse adds.

What do you think about Purse adding native support for Bitcoin Cash and the new bcash implementation? Let us know what you think about this subject in the comments below.

Images via Purse, bcoin, and Shutterstock. 

Now live, Satoshi Pulse. A comprehensive, real-time listing of the cryptocurrency market. View prices, charts, transaction volumes, and more for the top 500 cryptocurrencies trading today.

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The day’s trading session was followed by notable volatility with bitcoin price falling to a low of 7,950 levels. However, the breach below USD 8,000 did not last long as prices recovered briefly. In the more recent hours, markets keep trading around USD 8,200 levels following a recovery.

The Day’s Signals

1. A major selloff caused prices to go from USD 8,200 levels to hovering above USD 8,000.
2. The followup to the downward spike included yet another selloff that this time caused a breach below 8,000.
3. Interestingly enough, the breach appears to have kickstarted a wave of buying pressure. Such trend is not yet showing any signs of longevity though.

GDAX BTC/USD charts are indicating that support for USD 8,000 might be underlying. The fact that a breach was observed today wouldn’t normally bring confidence, but the market’s reaction begs otherwise. Traders shouldn’t be too quick to judge of course, as the day’s trading volumes have gone down in comparison to the last few days. Big orders causing price spikes appear to be a driving force in today’s trading session. The market’s response to the spike that pushed prices to a breach certainly does showcase some support though. The market taking consideration on the recovered USD 8,200 brings on a more positive outlook in the following of a breach.

OKEX BTC/USD weekly futures showcase a tendency of futures traders to exaggerate selling pressure to an extent, which becomes more apparent at the time of the day when greater selling pressure was observed. Futures markets did, however, break out of this sentiment with prices moving up again. The difference in futures prices and markets rates grew to a bigger difference with futures maintaining higher prices.

In summary, today’s response to the sizable downward spike that was experienced was notably positive. It’s worth pointing out that markets appear to be on an overall downtrend over the span of this week. With that in mind, support for a recovery after a breach might showcase that underlying support could be holding up for USD 8,000 levels. Of course, a day with decreased volumes would not set a sentiment of support in stone. For that reason, the sustainability of the recovery remains to be seen.

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Bitcoin Press Release: The newly launched Nebula Exchange provides an opportunity to acquire LCDbefore the official launch of Lucyd’s new platform.

May 12th, Singapore: Lucyd, the augmented reality smartglass and app developer, is pleased to announce that its LCD token is now trading live on the Nebula Exchange. Nebula, which is also based in Singapore, opened today for the trading of ERC20 utility tokens. This provides a new opportunity to acquire the LCD token in advance of Lucyd’s platform launch, in addition the IDEX exchange and the Lykke app.

Lucyd anticipates the LCD token will be used in their planned smartglass platform to enable hands free peer-to-peer transactions, including personal payments and AR content purchases, as well as to buy smart eyewear. New LCD will be mined based on user ratings of apps and media submitted to the platform, and supplying computing power to the Lucyd network. The token’s aim is to enhance community engagement and development of the platform, by decentralizing the way AR content is created, stored and sold.

Harrison Gross, cofounder at Lucyd said;

“We want to give our community as many options as possible to join the AR revolution with Lucyd. Nebula presents an exciting opportunity to trade in LCD via a clean, streamlined interface.”

Lucyd is planning to launch its eyewear e-shop in late June 2018, and will be the first store worldwide to offer prescription spectacles and smartglasses for both cryptocurrency and fiat payment.

About Lucyd

Lucyd Pte Ltd is developing ergonomic smartglasses and a blockchain app store. The Lucyd platform will make it easy for anyone to create, share and experience AR content. From gaming, to sports, to navigation, Lucyd Lens smartglasses will put the apps and content you need right in front of you. It’s time to look up from your phone and see the world. To learn more, please visit https://lucyd.co or join the community on Telegram.

To learn more visit the Website: https://lucyd.co
Connect on Telegram: https://t.me/lucyd_en
Read the Whitepaper: https://www.lucyd.co/whitepaper.pdf
Meet the Team: https://www.lucyd.co/about-us/

Media Contact
Name: Harrison Gross
Email: [email protected]

Lucyd is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. The information does not constitute investment advice or an offer to invest.

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Steve Wozniak came out in support of Ethereum at a conference in Vienna, claiming it could be as influential as Apple

Bitcoin Press Release: Blockchain platform BINGO has launched QTUM Heroes, an online arena game designed to support cryptocurrency payments, in Beta. The unique game was  developed by leading game studio Mob Arts in collaboration with the QTUM blockchain.

May 12th, 2018 – Singapore – The BINGO.FUN (777.BINGO) pan-entertainment platform’s first venture into crypto-gaming has flocks of gamers begging to be let in on the fun. QTUM Heroes has entered beta, and a few lucky pioneers received invitation codes to test it after the announced registration process. Now, fans of similar cryptogames, like EtherBots and CryptoKitties, are scouring the web in search of access codes.

The game is available to players from East and West, playable in four languages: English, simplified Chinese, Korean, and Japanese. All that is needed to register or login is a valid mobile number with a corresponding country code.  Players can also participate in the QTUM Heroes global community onTelegram, WeChat, and Kakao.

Every Hero character on QTUM Heroes is composed of eight specific genes. These affect variables from gender to whether they have a cute or cool face. Some genes are rarer than others and will add value to your Hero character. Rare genes are more likely to belong to Generation 0 Heroes.

Baby Heroes can be bred from owned Heroes for the price of 1.00 QTUM and they will grow into a full blown Hero five minutes later. Mating is also possible between two owned Heroes, or by visiting the Love Center to mate a Hero with another. Heroes are originally purchased at the Marketplace to the suit of each player’s budget.

There are two kinds of player-versus-player modes in QTUM Heroes. 1V1 mode: Players can find an adversary online and challenge them to a one on one battle to prove who owns the strongest Hero. Every account has access to 10 daily matches for free. 8V8 mode: Players choose their strongest Hero and join an eight-player battle arena for the price of 0.1 QTUM. Each match lasts 10 minutes and the top three winners receive 0.3 QTUM, 0.2 QTUM, and 0.1 QTUM, respectively, leaving third-place at a break-even point. The remaining players will receive a small 0.04 QTUM return.

At the arena, players can also tip waiters to carve trophies on their Hero’s profile. These trophies add to their value in the Marketplace and Love Center.

Some of the first players to join the beta for the game are already reporting massive increases in the value of their Heroes. Being the first to test the game, pioneers have immediate access to Generation 0 Hero characters which will become increasingly rare as the game becomes more populated. These characters have the most chances of breeding strong Baby Heroes and they are only released by the official QTUM Heroes store. The rare genes passed on by G0’s can also reflect on their offspring’s future value.  Generation 0 Heroes started at a price of 1.00 QTUM and are now trading for up to 20.00 QTUM, with an all-time high of 50.00 QTUM.

BINGO founder and CEO Matt Lee stated:

“We are thrilled to have launched QTUM Heroes on our platform, think of it as the App store for blockchain. We are going to bring many more games and other types on entertainment to provide an absolutely new experience for our users. This is just the beginning.”  

Different from other blockchain games, QTUM Heroes is not just about collectibles. The game is focused on enabling dynamic interactions between players.

About BINGO and QTUM Heroes

QTUM Heroes is developed by leading game studio Mob Arts in collaboration with the QTUM blockchain. Mob Arts’ previous game, House of Heroes, is considered one of the most successful mobile games to be released in Asian markets. It was noticed by Chinese internet giant Tencent and immediately launched on all their platforms, despite being developed by a third party.  The team at BINGO believes that it can bring the same success to a growing industry. QTUM Heroes is the next step in crypto-gaming; improving on the past by integrating a world-class arena battle into the blockchain.

To learn more visit the Website: https://www.777.bingo/
Chat on Telegram – https://t.me/bingo777
Read the Whitepaper – https://paper.777.bingo/Whitepaper.EN.pdf
Meet the Team – https://777.bingo/#team
Connect on Facebook – https://www.facebook.com/777BingoPlatform/

Media Contact
Name: Monica L
Contact Email: [email protected]

777.BINGO is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. Token sales are only suitable for individuals with a high risk tolerance. Only participate in a token event with what you can afford to lose.This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

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The state of Colorado is considering giving political candidates the ability to raise funds using cryptocurrencies. This week the Secretary of State, Wayne Williams, presented the proposed guidelines and officials are looking for commentary from Colorado residents.

Also read: “Stablecoin” Trueusd Pumps After Binance Listing

Colorado Secretary of State May Allow Politicians to Accept Cryptocurrencies for Campaigns

Colorado is a state that is well known for testing new laws and guidelines like allowing recreational cannabis throughout the state. This week politicians from the Rocky Mountain state are considering allowing political candidates to accept bitcoin and other forms of digital assets. Secretary of State Wayne Williams proposed the new rules in a draft submitted on May 16, 2018. The proposal states:  

A committee may accept contributions in cryptocurrency, up to the acceptable limit for a cash or coin contribution. The amount of the contribution is the value of the cryptocurrency at the time of the contribution. The committee must report any gain or loss after the contribution as other income or receipts.

Crypto-Campaign Acceptance: An Accounting Nightmare

In an interview with the Denver Post Suzanne Staiert, Colorado’s deputy secretary of state explains the proposal going through is likely to happen. “The FEC is doing it now,” Staiert details. “So we are just going along for the ride.”

However, the FEC advisory’s guidelines are making the accounting process more difficult explains the deputy. The FEC advisory laid out how the organization thinks committees should deal with the accounting aspects of accepting cryptocurrencies. “It’s going to be an accounting problem, potentially, for campaigns who want to use it,” Staiert further noted.

U.S. Politicians Have Already Accepted Cryptocurrencies in the Past for Campaigns

A Colorado state official already has accepted donations in Bitcoin Core (BTC) back in 2014 as U.S. Rep. Jared Polis, D-Boulder accepted $2,000 worth of BTC that year. Other bureaucrats have accepted BTC in the past for political campaigns as well such as Rand Paul and Gary Johnson. Further, news.Bitcoin.com recently reported on the largest BTC donation given to a candidate so far this past December. The Republican U.S. Senate candidate Austin Peterson accepted roughly 0.284 BTC which at the time was worth over $4,500 USD.

The Colorado Secretary of State is asking state residents to comment on this issue before officials come to a decision on the matter.

What do you think about the state of Colorado allowing politicians to accept cryptocurrencies for political campaigns? Let us know your thoughts on this subject in the comments below.

Images via Shutterstock, Pixabay, and Wiki Commons.

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The news of deals and grand reveals at Consensus has been a constant flow for the past three days and all of it delivered with the usual fervor of futuristic big thinkers. But what we didn’t see this year was the the bitcoin price rally peddled heavily by fund manager Fundstrat.

Norway’s central bank, Norges Bank, considers introducing its own digital currency, prompted by a decline in cash usage

Despite the fork, Bitcoin Cash continue to slide. In the last 24 hours for example, it is down nine percent adding on to their weekly 13 percent loss. It might have been because of the mixed reaction following the upgrade from 8MB to 32MB happening at a time when the average daily transaction is around 20K at 80kb per block. When Bitcoin Cash shall utilize full capacity and fill 32MB per block we don’t know. Considering competition especially from Bitcoin and Ethereum-the latter plans on sharding, it might take a while before that happens.

From the News

Is Bitcoin Cash a wonderful product? Absolutely! Will it replace Bitcoin and dominate the crypto world? Well, maybe, who knows! For investors, speculators and traders, waiting on the sidelines and timing good entry positions can be prudent than trading with every slight swing. Yes, they had an upgrade this week but is it convincing enough for merchants and retail users to say switch from say Litecoin and use Bitcoin Cash to transact? Time is everything and right now, sellers are pressing the gas pedal with eyes set at $600.

What we do know for sure is that Bitcoin Cash has new capacity now that we have a 32MB block in place. There will be space for new user cases and yes, just to clarify, majority of the Bitcoin Cash network would be run by small data centers with better connections and which have the ability to carry out network back hauls. In my view, I don’t really think there would be problems of centralization as many people have been made to believe.

Not everyone can become a full node and forget about your smart phone ever becoming one. The issue of centralization might crop up not because of storage issue or bandwidth limitation but from centralization of hardware via economies of scale. It’s a design weakness and that’s why we have these huge mining pools who are set to get richer with every block size increment. So, will Bitcoin Cash becomes another centralized business in the future? I leave that to you.

Bitcoin Cash (BCH) Technical Analysis

Weekly Chart

Bitcoin Cash Weekly Chart by Trading View

In the weekly chart, Bitcoin Cash prices are basically topping and after week ending May 13 double bar bear reversal pattern, it is likely that prices might dip lower. Notice that last week ended lower despite abnormal volumes suggesting that there were some form of liquidation and rejection of higher highs at resistance. So, unless otherwise, this week will likely end as a bear and in that case we shall continue holding our bear stance as we aim for week ending April 8 lows at around $700.

Daily Chart

Bitcoin Cash Daily Chart by Trading View

Like the weekly chart, BCH sellers are in charge and for sure, this might continue. As it looks, bears have already broken through the first level of distribution at $1200. From the look of things and basing this on the general trend, swing traders can initiate shorts at current prices and aim for $800, $700 and $600 round numbers.

The post Bitcoin Cash (BCH) Price Analysis (May 19, 2018) appeared first on NewsBTC.

By all accounts, alt coin sellers have had the upper hand this week. EOS, Tron and IOTA were some of the coins that saw double digit erosion but encouragingly for buyers, there seems to be a re-bounce. By yesterday, Litecoin, EOS, Tron and to some degree Stellar Lumens were trading within very tight range and rejecting lower lows despite high trading volumes. Basing my forecast on price action, if today’s candlestick ends up bullish with high market participation levels, sellers should exit their positions and pave way for buyers.

Let’s have a look at these charts:

EOS Analysis

EOS Daily Chart by Trading View

Encrypted messaging running on blockchain, super fast transactions, free usage and a web wallet is what EOS plans for their users once they launch. The DApp, EOSChat is a combination of brains from the EOS community. Unlike other chats users won’t have to pay extra to move data from one EOSChat user to another, is fast and they can actually convert their smart phones into a light node and access the  EOSIO ecosystem. On the security front, this EOSChat app will leverage on Dawn 3.0 Technology to provide a two tier security system. For maximum security, it uses double private keys and new generation multi-level authority management modes.

While we were a tad bit confident that prices would move up, EOS sellers overcame demand pushing prices lower. Nevertheless, we remain bullish and we are already seeing signs of bear exhaustion. Relative to other coins, EOS is down two percent in the last 24 hours despite high volumes. Well, if you were short, you can continue holding on to your position until after we see significant moves assuring buyers that indeed the trend is shifting. That will only happen if prices reverse and print above May 17 highs at $14.

Litecoin (LTC) Analysis

Litecoin (LTC) Daily Chart by Trading View

Ever heard of Toshi? This is a CoinBase app that many users think was missing something. There was a deficiency somehow since they mainly specialized in Ethereum. As a matter of fact, Toshi is an Ethereum browser. However with the announcement that Litecoin would be part of the fray, things are back in sync if user sentiments are factored in.For those who don’t know, Toshi is basically a wallet system and CoinBase subscribers can directly benefit from their wide array of services in offer.

Coinbase's Toshi app is pretty cool, but I always thought it was missing something… Litecoin! They plan on adding LTC to @toshi soon. https://t.co/UQi96fF0au

— Charlie Lee [LTC] (@SatoshiLite) May 18, 2018

So why is this good for Litecoin? Well, it’s a reiteration really. Litecoin have been and continue to strive for complete mobile integration. With Toshi seeking to expand their ecosystem, Litecoin would be better placed to increase their reach.

Technically, what we are seeing is some sort of a spring board right at our main support line. As we have mentioned before $130 is a key support level that bears a lot of significance considering Litecoin valuation. At current prices we have that rare mix of high volumes and low trading range.

Regardless, it’s better to wait for confirmation and for bull entries, today’s candlestick must be positive and reversing May 17 losses. That’s the ideal set up but generally, if a bull candlestick prints, then we can go long and place stops at $130. Note that our business is not to pick bottoms and that’s why you must wait for confirmation.

Stellar Lumens (XLM) Analysis

Stellar Lumens Daily Chart by Trading View

Either way, we might end up with a double bottom at 30 cents or sellers will slice through this support line today. For a double bottom to form thanks to May 12 rejection of lower lows, buyers must push prices towards 40 cents and probably edge past May 16 and 17 bear candlesticks. If not, then any break below 30 cents shall assert our bearish preview. In that case, our bear targets shall be at 20 cents in line with our previous analysis.

Tron (TRX) Analysis

Tron Daily Chart by Trading View

The cool thing about Tron is that their community keeps receiving updates on a regular basis. One of the new development is the announcement of Tron Scan. In a Tweet, the Tron Foundation said that the newly designed explorer would allow users to keep track of what’s happening to their super representatives, search within the ecosystem and even vote.

We are proud to present Tronscan V2! This explorer offers a brand new design, the possibility to search on our blockchain & get a snapshot of its development, vote & follow the activity of the Super Representative candidates, and much more! https://t.co/95iTpkl87c pic.twitter.com/2kZPGz10dH

— Tron Foundation (@Tronfoundation) May 18, 2018

This announcement comes less than 20 days before the mainnet launch where there is excitement all around. Already startups are working hard and ensuring that the EOS DApp ecosystem is up and running before launch.

As long as prices remain within a consolidation, we remain neutral just like yesterday’s trade plan. Our sell triggers lies at 6.5 cents while we should see up thrust and close above 7.5 cents for us buy Tron.

IOTA (IOT) Analysis

IOTA Daily Chart by Trading View

From the chart, it’s clear that IOTA is but moving within a $2 range anchored between $1 and $3-our upper limit. What is happening now is but simple oscillation between these two edges. While we try to refine our entry, there would be buy opportunities if and only if there is rejection of lower lows at $1.5.

Notice that yesterday’s range was tight and this means that we can only wait and see where the markets shall price IOTA today. Any bull candlesticks should be good fodder for buyers who can take initiate longs on Sunday and place their stops at $1.5. If that happens, sellers should exit their shorts and enter longs because then sentiment might be shifting against them.

The post Tron, EOS, Litecoin, IOTA and Stellar: Price Analysis May 19, 2018 appeared first on NewsBTC.

Two Tokyo companies are looking ahead to the 2020 Olympics with a view to using blockchain technology to share data in hospitality and tourism, according to Newsweek.

The two companies, Mitsubishi Estate and tech giant Fujitsu, are working towards offering blockchain secure data sharing in hospitality outlets, including restaurants and hotels, ahead of the Tokyo Olympics. The hope is that the shared data, protected by blockchain’s security, will allow tourists to enjoy shorter wait times at restaurants, better hotel stays and a smoother experience traveling abroad.

Mitsubishi Estate manages 30% of buildings in Tokyo’s business district. Senior Manager Hiroyuki Okuyama pointed out that until now companies have been reticent in sharing information, due to concerns about data being leaked.

A trial is underway in Daimaruyu, a business district in Tokyo made up of three suburbs. There are about 100 buildings in the area. The area houses 16 businesses from the Fortune 500, which puts it on par with New York and London, according to Okuyama.

Construction has already begun on sports venues for the upcoming Games, and Okuyama is confident that the new technology is going to make for a better experience for visitors from all over the world, and should be fully functional before the event’s start in 2020. According to Okuyama, the collaboration with Fujitsu now allows the company to store, share and use data with confidence.

“The general user will not realize the technology behind this, whether it is blockchain or something else,” he said. “What type of tech is used is irrelevant (for the user), it should be irrelevant.”

He suggested that visitors lose valuable time at large events, such as lining up at restaurants when they should be able to immediately verify at any time how much seating is available, and alternatives if full. He commented:

“For us, we believe that people who visit the city, a comfortable and smooth stay is most important. Rather than going after that short-term return, we believe there is more we can do.”

Fujitsu senior manager Eiji Ikeda said blockchain would keep the data in the hands of the owners. “The problem with the cloud is that it is difficult to release,” Ikeda said. “With blockchain, companies can inject their data [while keeping control].”

Reports at the end of last year excited many crypto hungry Japanese, when it was announced that the Bank of Japan had backed a scheme for its own cryptocurrency to be up and running before the Olympics.

The Tokyo Olympics is scheduled to take place from 24 July to 9 August 2020.

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No expected price rally, Steve Wozniak’s positive expectations, Wall Street Journal research and more in our latest price analysis