🔹The Central Bank and the Ministry of Finance of Israel continue to discuss the introduction of the national cryptocurrency. The law on cryptocurrency regulation will come into force in October. The authorities of the country are ready for adequate legal regulation of the crypto-currency market.
🔹The British financial conglomerate Barclays and the blockchain-start-up Crowdz are developing a way to integrate support for the Ethereum blockchain system into Barclaycard.
🔹JP Morgan Information Technology Director said that the bank is using the blockchain to simplify the payment process and store data. He also predicted the replacement by the blockchain of existing banking technology within the next 3-4 years.
🔹The bitcoin-exchange operator Huobi launched the procedure for buying a controlling stake in Pantronics Holdings to enter the stock exchange through a reverse takeover procedure. Huobi will buy out 221 million common shares of Pantronics Holdings, the transaction amount will be almost $77 million.
🔹According to CoinMarketCap, by 12:00 August 28 the weighted average bitcoin rate was $7033, and on a number of exchanges the first digital currency rose to higher marks: $7126 for Bitfinex, $7070 for BitMEX, $7058 for Bitstamp and $7050 for Binance.
