Weekly Wrap 13/12

Market News

The market continued its overall decline this week, with Bitcoin maintaining a slow sell-off amongst low volatility, seeing a weekly loss of -2.48% and closing out near $7,200. Ethereum followed suit, with Ethereum/Bitcoin correlations reaching 92%, ETH shed -2% and ended the week at $144.50.

Altcoin markets also saw losses across the board, with Stellar (XLM) taking the biggest hit with a loss of -5.31% and Binance Coin (BNB) following closely with a loss of -4.65%.

Industry News

• Russia’s Largest Darknet Market Is Hawking an ICO to Fund Global Expansion

• Tencent’s WeBank to Provide Infrastructure for China’s National Blockchain Consortium

• Cryptocurrency Exchange BitMEX Enables Native SegWit Support

• Report: Denmark's Tax Agency is Sending Tax Compliance Letters to Crypto Users

Other News

• We've added a historical return calculator to the IML page.

• We have released an introductory video for the EMS Fund.

• The tag for the homepage has been updated; let us know what you think!

• The EMS Fund has made its first investment in renewable energy projects, aimed at achieving 12% IRR. Investments made prior to the 1st of January 2020 are eligible for a 3% bonus funded by the company. Contact us here.

• Lightstreams has released a Q4 Update.