Weekly Crypto Recap 10 March 2018

News from the market

Sierra Leone Holds First-Ever Blockchain Presidential Vote
While the US is still investigating the alleged frauds in the past presidential election, an African nation already moved forward to make voting more transparent – by leveraging the blockchain technology. For the first time in history, voters were able to check the legitimacy of Sierra Leone’s election through a distributed public ledger.

Cryptocurrency is a Playground for the Ultra Rich
The share of crypto investors among the ultra rich might be much higher than that of the average population, a recent study suggests. Moreover, the survey reveals that investments by the ultra-rich investors are not backed by fundamental knowledge about cryptocurrencies, which potentially contributes to the high volatility in the recent months.

Coinbase Launches Index Fund: A Gateway for More Investors
Coinbase, a VC-backed US crypto exchange, announced the launch of an index fund containing Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. The index fund is intended for the US-accredited investors only, but it could significantly impact the global money inflows as well.