Yet Another Week In Tech or YAWIT – Intro

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YAWIT is an evolution of our existing “Crypto Roundup” series which delves into the weeks latest cryptocurrency news and events. There will therefore no longer be a “Crypto Roundup” series as it will be merged into the new YAWIT Series.

YAWIT will be a weekly summary of Top 10/5 Technology & Blockchains news/events from GTecheek and from across the web, so here is Yet Another Week In Tech:

Technology (Apps/Gadget/Gaming) News

  1. Apple is worth over $1000000000000 – It happened. Apple wonthe race to $1 trillion in market capitalization. Following this week’s earnings release, Apple shares (NASDAQ:AAPL) briefly traded at $207.05, which values the company sightly over $1 trillion based on the most recent share count of July 20.
  2. WhatsApp to monetize by selling ads and charging business usersHow to go about bringing in revenue has been a problem Facebook has failed to solve in the four years since it acquired WhatsApp. The world’s most popular messaging app cost roughly $22 billion, but other than a brief experiment with charging an annual 99-cent subscription fee, there has been no clear plan on how to monetize the service.

  3. Facebook Dating will be a feature, not an app; here’s a peek – Facebook Dating doesn’t plan to launch a standalone dating app, which should temper expectations about how deeply it’s diving into Tinder and Match Group’s territory. The feature will be based inside Facebook’s main app, alongside its many other utilities buried beyond the home screen. It’s not ready for the public yet, but company employees are now internally testing it — though they’re warned that it’s not for dating their co-workers.

  4. Epic Games sidesteps the Play Store with Fortnite for Android launch – Epic Games continues to spread the love… to consumers, at least.Following the launches of Fortnite Battle Royale on iOS earlier this year and Fortnite for the Nintendo Switch earlier this summer, Epic Games is now confirming that the Android version of the game will be available exclusively through the Fortnite website.
  5. Chip giant TSMC struggles with virus infections at its factories – Many of the tech products launching this fall might have just run into production setbacks. Giant chip manufacturer TSMC has warned that several of its fabrication plants suffered virus infections on August 3rd, disrupting production. Some of these plants recovered in a “short period of time,” it said, but others wouldn’t resume business as usual for “one day.” The company dismissed claims that this was a hack, but didn’t initially provide details about the virus or the potential infection path.

Blockchain News

  1. Crypto exchange Binance buys Trust Wallet in first its First Acquisition Deal

    Binance, the world’s largest crypto exchange based on volume, has made its first acquisition after it snapped up mobile wallet company Trust Wallet. The deal is undisclosed, but Binance confirmed to TechCrunch that the compensation is a mixture of cash, Binance stock and a portion of its BNB token.

  2. NYSE Parent Company Brings Bitcoin Futures and Starbucks Payments to Crypto MarketAccording to a press release on August 3, 2018, Intercontinental Exchange (ICE), the New York Stock Exchange (NYSE) parent organization and 22 other bourses (stock market in a non-English-speaking country), announced plans to launch a regulated marketplace for digital assets.

  3. Dept. of Treasury’s Recent Fintech Report Briefly Addresses Blockchain: In a report to President Trump entitled “A Financial System That Creates Economic Opportunities: Nonbank Financials, Fintech, and Innovation,” the US Department of the Treasury broached the topic of blockchain along other burgeoning FinTech technologies like AI, cloud computing, and others. “New technologies, like predictive data analytics, artificial intelligence, and blockchain or distributed ledger technology, are examples of promising innovations that could be used by financial services firms. They are also technologies for which regulatory treatment may be uncertain, if for no other reason than that innovative technology requires time to mature,” the report reads.
  4. Long Blockchain, Formerly Long Island Iced Tea, Slapped With Subpoena From SEC: At the height of bitcoin’s hype last year, Long Island Ice Tea decided it would change its name to Long Blockchain. The move was a boon to the tea maker, as its stock rose over 300% in response to the rebranding. Well, the SEC took notice, requesting financial documents with a July 10th subpoena. “The company is fully cooperating with the SEC’s investigation,” the company said in a statement. “The company cannot predict or determine whether any proceeding may be instituted by the SEC in connection with the subpoena or the outcome of any proceeding that may be instituted.”
  5. Indian State Government to Implement Blockchain Technology: On July 26th, the Indian state of Telangana announced initiatives to leverage blockchain to mitigate the pervasive corruption and fraudulent activity embedded in state and national governments.
  6. Bitmain Posts Impressive $1 bln in Profit for Q1 of 2018, Plans IPO: Chinese mining giant Bitmain has netted a staggering $1 bln in profit–not revenue, mind you–in Q1 of 2018. On the tail end of this news, an unnamed source told Fortune that the company was making headway with its IPO, which Juhan Wu, Bitmain’s CEO, hinted at in June. The source indicated that the IPO will launch “very soon” in an overseas market that will allow investors to buy into the offering with USD.
  7. Bithumb Crypto Exchange Faces Bank Freeze and Halts New Accounts
    Emerging cryptocurrency regulations are putting greater scrutiny on exchanges and companies worldwide. Starting August 1, 2018, Korean cryptocurrency exchange Bithumb will no longer issue new virtual accounts due to the failure to renew a banking contract.

  8. Andreessen-funded dYdX plans ‘short Ethereum’ token for haters – Crypto skeptics rejoice! A new way to short the cryptocurrency market is coming from dYdX, a decentralized financial derivatives startup. In two months it will launch its protocol for creating short and leverage positions for Ethereum and other ERC20 tokens that allow investors to amp up their bets for or against these currencies.

Checkout Coincentrals This Week in Crypto

Blockchain Wins and Losers

This week’s winners at the time of writing determined by statistics from coinmarketcap.com top Gainers and Losers over a 7 day period.

Winners

Losers

So that was this week’s most newsworthy technology and blockchains happenings, Join us next week for episode 1 and feel free to share your thoughts and suggestions in the comment section below.