Shoot happens but Crypto world can deal with it

Mystery is in a sense an integral part of every blockchain-based project. Perhaps, the mystery is that very thing that makes crypto favourable for venture investment. However, even dreamers need reliable reasons to be sure of success. With this in mind elegro team decided to compare bad and good news related to blockchain technologies and cryptocurrencies. The plan is to highlight the general trend: crypto is here to stay.

Bad news first

1. Bitcoin maximalists are unhappy with ShapeShift, one of the most popular platforms for peer-to-peer trading of crypto assets. The reason is, the platform known as “more in line with the original vision for Bitcoin than centralized exchanges” will require personal information from their users pretty soon.
2. Star Xu, the creator of OKEx, the most trusted crypto asset exchange, seems to have had some sort of contact with the Chinese police. On the other hand, there are enough reasons to believe that the “news” is nothing but a rumor.
3. “Creative destruction” of Cofound.it. The platform designed to create an alternative VC ecosystem built around crowdfunding, announced it’s closing down. “It became clear that the “community” at the core of the crowdfunding concept disappeared,” says Daniel Zakrisson, the ICO project’s co-founder and former CEO.

Enough with bad news! Let’s check out the bright side

1. It looks like Asian countries get more crypto-friendly. The Philippines are about to recognize cryptocurrency exchange officially.
2. The Commonwealth Bank of Australia (CBA) reports the world’s first public blockchain-based bond “exceeds expectations.”
3. Lithuanian CoinGate gateway for cryptocurrency payments has integrated the Lightning Network (LN) payments system for Bitcoin transactions. From now on, shoppers can get instant payment confirmations and save money on fees. Merchants in turn get better chances to ship their goods in no time and reduce the risk of chargebacks/fraud.
4. Good news for football fans: Paris Saint-Germain (PSG), one of the world’s wealthiest football clubs, is going to cooperate with a Maltese blockchain startup to issue crypto tokens specially for PSG fans.
5. On June 30, the Tezos Foundation known as one of Top 5 ICO projects of 2017, announced that its network — the mainnet — is finally live.
6. Las but not least, Mohamed El-Erian, chief economic advisor at Allianz, states with confidence: “We’re going to see more widespread adoption, by both the private and public sector, of the blockchain technology and related technologies.” In other words, crypto technologies have a great future ahead.