Crypto Roundup: Top Cryptocurrency News from This Week

Here’s your weekly dose of top happenings and events in the cryptocurrency world.

1. George Soros’ Fund To Invest in Cryptocurrency

Billionaire and hedge fund expert George Soros might be looking to invest in cryptocurrency. This comes as manager of his Soros Fund announced he had received the green light to trade cryptocurrency. He hasn’t made any trades yet.

2. Japan To Legalise ICOs

Following guidelines by a blockchain study group, the Japanese government is moving to legalise Initial Currency Offerings. The guidelines include how to identify investors, reduce money laundering and ensure risks are minimal for the public. The study group included some of Japan’s most formidable economists, bankers and blockchain enthusiasts.

3. Bitcoin Went Up by $1000 in One Hour

Bitcoin broke through the $7000 ranks and rallied up to $8000 on Thursday. The price shot up by over 13% from the previous day and the rally resounded as other cryptocurrencies followed suit. Are the red days for crypto over?

4. Yahoo invests in Cryptocurrency Exchange

Struggling technology company Yahoo has announced a minority investment in BitARG – a Japanese cryptocurrency exchange. The stake was purchased via Yahoo Japan at a rumoured 2 to 3 billion Yen. BitARG initially denied Yahoo’s interests last month.

5. Santander launches Blockchain-based FX Service

Santander is the first international bank to launch a cross-border payment service on blockchain. The service called “One Pay FX” is currently available to Santander’s customers and will be available as a standalone app for others soon. The countries supported for this launch are Spain, The United Kingdom, Brazil, and Poland.

6. Twitter’s co-founder believes Bitcoin will be the world’s single currency

Twitter and Square co-founder is super bullish on Bitcoin. Jack Dorsey, known for his work at Twitter and payments startup Square, thinks Bitcoin is set to replace the dollar as the world’s most popular currency. He mentioned this in an interview with The Times London. He also recently invested in Lightning Labs – a company focused on the Lightning Network – a technology that aims to make cryptocurrency transactions faster. If only everyone was as bullish as Jack.