Twitter CEO believes in bitcoin, Japan's FSA warn Binance, CryptoKitties raises $12M.

The News

Jack Dorsey, the CEO of Twitter and Square believes that bitcoin will become the single currency of the internet within a decade. thetimes
The G20 summit in Argentina recognised the technological benefits of cryptocurrencies and the blockchain. They indicated regulation is required, but further monitoring is needed before anything can be enforced. g20
Despite the CEO’s pro bitcoin stance, Twitter have banned cryptocurrency and ICO ads on the platform. skynews
Snapchat have also followed suit and have banned all crypto ads. cheddar
Japan’s Financial Service Agency has continued the crypto exchange crackdown, issuing the world's largest exchange, Binance, a warning. bloomberg

ICOs

CryptoKitties, one of the first games built on the ethereum network has completed a $12M series A round led by Andreessen Horowitz and Union Square Ventures. fortune
Blockchain Capital has closed Fund IV, raising $150M. coindesk

The UK are launching a crypto asset task force to boost innovation in the space. thetimes
Fujitsu have opened a blockchain innovation centre in Europe. fujitsu
Nivaura, a UK fintech company have registered, cleared and settled a Principal Protected Note (PPN) on the ethereum blockchain using Microsoft Azure. microsoft

The market dropped on Sunday following an ethereum sell-off. Up to $30M worth of ethereum was reportedly sold by EOS, a company that conducted an ICO last year. The overall market cap has since recovered and ended the week at $330B, down $10B for the week. Bitcoin rose on the comments of Jack Dorsey breaking past $9,100, but has since fallen following Japan’s comments regarding the exchange, Binance. Ethereum recovered following the sell-off but ended the week 12% down at $530.