Apple's co-founder cooperates with crypto startup

Summary:

• Steve Wozniak, Apple’s co-founder, cooperates with a crypto-related startup
• The Bank of Thailand creates its own digital currency
• Bitcoin (BITCOIN on xStation5) touches the $6800 handle for a while

Wednesday started with some meaningful increases across digital currencies. Looking at H4 charts of a majority of them we could observe impressive bullish momentum started at night, especially on Bitcoin. Since then, however, many of virtual currencies have lost part of their prior gains, but they are still up on a daily basis. The capitalization of the cryptocurrency market stays a notch above $217 billion whereas the most famous cryptocurrency market capitalization sits a little above the $115 billion mark. Today’s newsflow concerns Apple’s co-founder and new cryptocurrency likely to be issued by the Thailand’s central bank.

BITCOIN reached the $6800 handle, but it has quickly moved off this level. Nevertheless, BITCOIN broke the psychological $6500 mark, and it is trading around $6650 at press time. Source: xStation5

Apple, a California-based tech giant, attracted attention when it was breaking a $1 trillion in terms of market capitalization. It is the best example how a small unknown firm could evolve into one of the biggest tech company in the world. Notice that at the start of its activity Apple  operated in… a garage. The company was founded by Steve Jobs, Ronald Wayne and Steve Wozniak. According to a NullTX’s interview, Steve Wozniak is working with a crypto-related startup called Equi. What’s more, Apple’s co-founder compared a current situation of the crypto world to the early days of the Internet. It is worth noticing that Wozniak pointed out that it is the first time he is working with a blockchain-related company.

ETHEREUM has not performed  so well compared to its above-mentioned peer. Even as Ethereum also experienced some rises, there were less spectacular as Bitcoin’s ones. ETHEREUM is fluctuating around $280 at press time. Source: xStation5

Secondly, let’s move to Thailand where the country’s central bank is creating its own digital currency. Note that first announcements were already released in June by the bank’s governor. Recently, the Bank of Thailand has stated that may probably finish part of a trial by March 2019. According to the official statement published on Tuesday, the Bank of Thailand is cooperating with eight financial institutions in developing the mentioned cryptocurrency. The Bank’s crypto concept is aimed at improving interbank transactions and the financial market’s efficiency.

LITECOIN, like Ether, has seen some increases. The cryptocurrency is trading slightly above the $55 handle, moving above the 8- and 33-period moving averages on the H4 interval (yellow and purple lines) at press time. Source: xStation5