Inshorts

$ 150 million for the first day of ICO work was collected by the project Sirin Labs. The project is engaged in the creation of IT-products with the use of blockchain technology under the trademark Finney. The task of innovative products Sirin Labs is making the use and storage of cryptocurrency more mobile, affordable and safe. Co-founder of Sirin Labs, Moshe Hogeg said: "The support that we have received within the ICO’s framework provides evidence of the increased interest in secure devices with advanced functions of trade and storage of cryptocurrency."

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The application for the opening of another crypto-exchange in Japan was approved by the Financial Services Agency of Japan (FSA). The license was received by Bitocean Corporation. It became the sixteenth organization licensed to carry out digital exchange transactions. As the number of crypto-exchanges in Japan grows, many of them enter new markets to increase their liquidity, extending their sphere of influence. Unlike some other, Bitocean Corporation plans to trade only with Bitcoin.

Capitalization of the digital currency Ripple has attained a new maximum. At the cost of one coin more than 2 dollars, the market capitalization of Ripple exceeded 90 billion dollars, got ahead of Ethereum and yielded only to Bitcoin. Experts note that the increase in the rate is determined by the increase in demand of Ripple in connection with the announced launch of trades on the Coinbase and the limited issue of coinage XRP up to 100 billion dollars.

The decree establishing the rules for working with the national cryptocurrency El Petro was signed by the Venezuelan government. The document provides methods of issuing, mining, and the new digital currency trading. El Petro will be supported by the country's minerals. To provide the new currency security Venezuelan President Nicholas Maduro allocated 5.3 billion barrels of crude oil, gold of the Arco Minero from the Orinoco Belt and the country's diamond deposits. The launch of the cryptocurrency is scheduled for early 2018.

The Bank of England considers the possibility of issuing its own digital currency. The bank has created a research group to study the prospects for the establishment of the national crypto money. It is planned that the new currency will be pegged to the pound sterling and will allow the residents of the UK to decline the services of small banks, maintaining the savings of digital assets in the Central Bank. The results of the research group will be ready by the end of 2018.

The Japanese financial holding company Mitsubishi UFJ Financial Group plans to launch a service for protection the bitcoin storage. The new system allows securing digital assets used by customers against failures and security breaches. A trust bank will monitor operations on the stock exchange. Its obligations include supervision of users’ accounts, informing about suspicious and incomplete transactions. The launch of the service is scheduled for mid-2018.

The Federal Service for Intellectual Property (Rospatent) plans to deploy the innovative system of patent information analytics based on blockchain technology that will be performed in collaboration with the Russia largest banks. The result of the development will allow simplifying the registration of intellectual property rights and controlling their transition, as well as making them more reliable and safer for conducting financial transactions, in the implementation of licensing and alienation of intellectual property. The Russia’s government approved the implementation of the blockchain system and has already made it into the action plan for the development of the digital economy.

The Israel Central Bank plans to issue the state crypto money. The new currency will be linked to the price of the shekel and will become an alternative to the paper currency notes. The introduction of the digital shekel is designed for making money transactions more transparent and simplifying the control over the tax payment. The national cryptocurrency will not be mined, and to avoid inflation its emission will be controlled by the Central Bank. At this stage, the introduction of state crypto money in Israel is at the study and development stage, and for its complete implementation and use it is necessary to adopt a number of legal norms and rules.

A Singapore company for bicycle rent – oBike plans to launch its own digital money in early 2018. By using the platform for service payment that is based on blockchain technology users will not only be able to pay cryptocurrency for the service rental, but also to earn. Throughout of the trip the company client will be rewarded with oCoin-s. They can be used for paying the subsequent services of oBike, as well as purchasing products of the Peiwo music community, and the application for streaming video Uplive.