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Now that the blockchain technology has become omnipresent that most of the nations have started recognizing the values of new technology, there are several countries that are racing to be the world's capital of cryptocurrency led technologies. Malta, Gibraltar, Bermuda are the ones that have started competing with France to attract cryptocurrency led companies to organize their headquarters in their respective capitals.

The major tax havens nations that are considered to be paradise for investments like, Liechtenstein, Bermuda, Malta, Gibraltar are viciously strategizing to attract entrepreneurs and investors that are inclined to crypto led investments in such countries. These nations have started to pass and ease the legislation that makes their environments more investor-friendly with fewer complexities involved as per the valid source from The New York Times.

Malta which is one of the investor friendly nations has already got the three laws passed through its respective government just last month on 4 th July that companies can easily issue new cryptocurrencies and trade existing ones that they have. Bermuda is amongst the one that has its legislature passed and approved the law which allows start-ups to organize initial coin offering (ICO) so speedy. Bermuda is forwarding its initiative that facilitates the growth of its fintech industry. As per the valid source, the Digital Asset Business Act 2018 in Bermuda, it enacted through the House of Assembly that aims to set up a framework that helps regulate persons carrying transactions on digital asset business as well as protecting the interest of clients that carrying and transacting through digital asset business.

Liechtenstein is also the one that has forwarded a few steps in this space. The banks there in the country can facilitate crypto transactions on behalf of their clients and offers advice pertaining to the crypto related matter and mostly Initial Coin Offerings (ICOs). Accordingly, the founder of Ethereum, Yanislav Malahov concludes his remarks about the laws over there in Liechtenstein that streamline the process of setting up crypto company (even without a bank account through using Bitcoin and Ethereum) and help execute ICO process faster.

The other country like Gibraltar in the month of January this year, passed legislation that facilitates fintech innovation, especially on the Distributed Ledger Technology Regulatory Framework with the aim that protects customers of crypto space in British overseas territory. Let us not forget that in the recent soccer match, Gibraltar's soccer teams Gibraltar United announced that it would execute its payment to its players with cryptocurrency. And not only Gibraltar, but overseas territories, as well as European princedoms, would like to incubate and organize to lead the crypto industry where Switzerland and France want to become the hubs for the crypto industry. Accordingly Bruno Le Maire, the French Finance Minister they want to make France the epicenter for blockchain technology and cryptocurrency.

The central European country Switzerland has streamlined its taxes and related laws and regulations already and that has started gaining the attraction of Bitcoin and Cryptocurrencies led community. Needless to say that Ethereum is incorporated in the Swiss city of Zug which was earlier known as the Crypto Valley which has been accepting Bitcoin as payments for a variety of transactions.

According to Malta's Prime Minister, many nations and geographies have created their places such that enticing the crypto community. With this, Malta's main aim to be the global pathfinder towards the laws and regulations that influence world-class fintech companies to be there for a longer period of time.

After the historic slump of all the currencies in the beginning of the month, attempts were being made by the market to restore Bitcoin to the value it had held the previous year. There was again a drop in the value as the plea for ETF based on Bitcoin by Winklevoss brothers was rejected. However, Bitcoin had managed to emerge from that as well. However, with the commencement of this week, Bitcoin slipped back to the 8000$ mark, disregarding the recovery it had made through the week. This has come as a shock to several people in the field.

The market opened with Bitcoin at the two thousand one hundred mark and it remained at that position for a while before it slipped down to eight thousand. To the dismay of several people in the market, it ended at a mild seven thousand 81,000-61,000$.

This fall in the value of Bitcoin has astounded several people in the market because it has come at a time when it has become hard to figure out what exactly is ailing the market right now and why are the prices falling back. This sort of a phenomenon has given a hint to the traders to be careful as they speculate about the short term investment in the market.

The global banking systems eventually started to gain their experience with the new technology - Blockchain technology. There are nine global banking giants are looking for trial for their programs based on distributed ledger technology (DLT) by showcasing their interest towards space and to confirm its authenticity and merits.

According to the valid news broadcasted from Financial News as on 27 th July, the LedgerConnect which is the lovechild project of foreign exchange processing giant CLS and tech giant IBM among other global banking giants are in trials for their programs based on DLT. LedgerConnect offers a comprehensive platform in order to streamline banks to take benefits of the Blockchain based projects by bridging the gap between existing and new technologies.

The blockchain based projects are expected to have a strong delivery system in place to provide solutions on Know Your Customer (KYC) and Anti-Money Laundering Regulations front with the technology is built with Hyper-ledger fabric technology on the Blockchain Platform.

According to the Vice President of Financial Markets for IBM, Keith Bear says that "The major challenge is to work together especially when we have a large highly regulated industry and on the opposite side we have more agile and fast-footed fintechs with limited resources". However, the blockchain itself is facing regulatory challenges that it must find ways to lessen them through a variety of ways and mechanism in place.

Needless to say that the LedgerConnect needs to receive the approval from its oversight from its committee. The committee included the Federal Reserve Bank of New York and other Central Banks. Besides this, there are nine global banks that are expected to test the platform that also included Citigroup and Barclays. The remaining names of the banks are yet to disclose. Another one that is Barclays has already attested its interested in the field of Distributed Ledger Technology and Cryptocurrencies in the recent months.

Let us not forget that the blockchain technology is expected to change the dynamics of businesses globally. So let us reap the benefits out of it!!

The Taiwanese Electronics Company - HTC specializes in producing smartphones that announced recently that they would start producing a new smartphone called the HTC Exodus having inbuilt features/backbone with a blockchain technology. The Litecoin founder - Charlie Lee will leverage his capabilities and expertise for the Exodus project thereby including heavy integration of the Litecoin project.

According to the valid source from CCN - one of the crypto news source, the HTC Exodus as the world's first native blockchain smartphone expected to introduce it in the third quarter this year. Besides this, the company has indicated that each Exodus device will be a node and that will allow users to own their identity and data by having both on their devices as opposed to being on a centralized cloud. With this, all the device will come with a cold storage wallet for cryptocurrencies as per the source.

At the initial stage, the device - HTC Exodus will only rely on two major cryptocurrencies like Bitcoin and Ethereum in order to take the benefits of the lightning network. However, the company may open to integrate and incorporate as many cryptocurrencies as possible where the Littecoin will be the mainstream as believed from the source.

The major implications with regards to Charlie Lee with Litecoin are likely that HTC Exodus can re-launch Litepay. The industry expects that Litecoin will re-launch Litepay which is a new Litecoin based payment system. When the system will be integrated with the smartphone device, it will be the best option for Litepay to offer its solutions along with the smartphone.

Needless to say that the strong domain expert like Charlie Lee on board, HTC has created a hallmark, not for the company itself but also Litecoin that would start benefiting multiple users.
The crypto major Bitcoin leads all cryptocurrencies even though surmounting on price!!
The crypto major Bitcoin (BTC) is surmounting its price moments that can best be explained from the below graph that shows the price moment of Bitcoin since the 1 st of July where it stands $6347.86 and today it stands $8093.33 after dropping below $7900 just recently.

Source: CoinDesk

As per the most valid source of CoinDesk where it claims for the price of crypto major Bitcoin that started gaining the bullish momentum upwards $8350 based on the analytical charts. However, presently it is mined just above $8000 that clearly shows its sign of consolidation.

If we focus more on the analytical part, the price has reverted back above $8000 on Friday. Needless to say that the BTC mining traded just sideways over the last 60 hours as per the report. Bitcoin's (BTC) price is unified in a narrow range at the time of media time, and thereafter it regained bullish moment where it reached around $8350.

On 30 th July, the consolidation streamlined the bullish scenario especially when the price movement from narrow $250 trading range, and at a time of press it traded at $8170 on Bitfinex. The price movement on Friday, the BTC price observed a downward pressure, however finally it reached again at the level of $8507 on 24 th July. The major moving averages are more inclined towards the bulls. The relative strengths index will not indicate BTC's higher purchased having said that it would be in the range upwards $8500 and the 10 days moving average is also in favor the bulls rally.

As per the valid source of CoinDesk, the Bitcoin is said to be extreme fatigue situation when we analyze its price movement especially when it compared against the backdrop of the downward channel breakout. Let us not forget that the immediate bullish scenario has been quite neutral. According to CoinDesk, the break upper end of the sideways channel where the Bitcoin is mined would definitely allow a re-test (e.g. 200-day moving average). A daily close as per UTC upwards 200-day moving average confirms a long run upward trend. On the contrary, the downward pressure that broadens the channel would create a shift in risk that favors a deeper price pulling back to the 100 candles moving average that stands at $7496.

The current scenario shows the sideways pattern that has already broken as BTC slashed below $8000. But the price regained quickly to above $8000 mark as on 31 st July. This is, of course, the high range today and we can expect to be over $8000 level. No re-test upwards of $8468 has been observed so far.

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Now that the blockchain technology has become omnipresent that most of the nations have started recognizing the values of new technology, there are several countries that are racing to be the world's capital of cryptocurrency led technologies. Malta, Gibraltar, Bermuda are the ones that have started competing with France to attract cryptocurrency led companies to organize their headquarters in their respective capitals.