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Bitcoin News Summary – July 16, 2018

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Here’s what happened this week in Bitcoin in 99 seconds.


The Bancor platform was hacked for $23.5 million in Ethereum and other tokens. The Bancor Network was taken offline until Wednesday. Bancor’s ICO raised roughly $153 million in 2017.

French hardware wallet manufacturer, Ledger, sold in excess of 1 million units during 2017. Ledger made a profit of 25 million Euros on over 45 million of sales. The company is now looking towards crypto vaulting for institutional investors.

The non-profit Litecoin Foundation has acquired close to a 10% stake in Germany’s WEG Bank AG. Litecoin’s creator, Charlie Lee, stated that he’s looking forward to integrating Litecoin purchase and usage into the bank’s existing services.

Bitcoin bulls are looking towards the new Bitcoin ETF application filed with the SEC (Securities and Exchange Commission). If passed, Bitcoin ETFs will begin trading on the CBOE (Chicago Board Options Exchange), alongside Bitcoin futures.

The Abra app announced that Bitcoin purchases are now possible using VISA and Mastercard. Abra allows users to trade and hold Bitcoin or altcoins in their app. Credit card buyers will be able to buy between $50 to $20,000 worth of Bitcoin.

Coinbase announced that it is exploring the chances of adding Cardano, Basic Attention Token, ZCash, Stellar and 0x (ZRX) to its exchange. Every single coin on the list saw significant price hikes, despite the fact that Coinbase specifically said they cannot guarantee they will be listed for trading.

That’s what happened this week in Bitcoin. See you next week.

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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