Top Five Crypto Events of the Week March 30 – April 5, 2019
Several events took place in the past week, however, only the top five events will be highlighted below.
PayPal Invests in First Blockchain Technology Company
According to a recent report, online payments giant PayPal has made its first-ever investment in a blockchain technology company. The report made it known that the payment giant has invested in Cambridge Blockchain, a startup that helps financial institutions and other companies manage sensitive data using shared ledgers.
The State Bank of Pakistan (SBP) Set to Launch Digital Currency
The State Bank of Pakistan (SBP) has recently made it known that it is likely to launch a central bank backed digital currency by 2025. According to the SBP deputy governor, Jameel Ahmad, the central bank is currently working on the digital currency concept in order to “promote financial inclusion and reduce inefficiency and corruption.”
Liquid.com Reaches More Than a $1 Billion Valuation
Japan-based crypto trading platform Liquid.com has recently completed its the Series C round. The funding round brought the company’s value to over $1 billion. The firm which is owned by Japanese cryptocurrency exchange Quoine is now backed by major crypto giants like Bitmain and IDG Capital, making it “one of only two tech unicorns in Japan’s startup space.”
Binance Set to Launch Another Exchange in Singapore
“#Binance Singapore will come online in April. It will be our next Fiat to Crypto e
xchangeservicing $SGD [Singapore dollar].”
“Bitcoin” Search On Google Hits the Highest Points in 19 Weeks
According to Google Trend data, there has been a significant spike on the number one search engine for the “bitcoin”. This spike was single-handedly achieved on April 2 when the price of the cryptocurrency surged nearly 20 percent in a single hour to clock $4,961, its highest price since Nov. 19.