During the last week, the crypto market continued to grow and gained $7.7 billion. Bitcoin broke above $4000, which is a roughly 3% increase. Several large altcoins including Bitcoin Cash, Litecoin, Binance Coin, Tron and Maker have experienced growth. Ether rose by 7.6% to $140. US SEC chairman Jay Clayton confirmed Ether is not a security. Basel Committee, an international committee formed to develop standards and supervision for banking regulation, released a statement on cryptoassets. In the statement, the committee has outlined supposed threats posed by cryptoassets and expects banks to improve their risk management if they are going to have direct exposure to the cryptocurrencies.
A trailer for the upcoming movie “Crypto” has been released on YouTube. In the film, cryptocurrencies are used to launder money for Russian Mafia, so it seems like the story shows only the negative side of the new technology.