Cryptocurrency Daily News Bulletin: September 7, 2018

September 7, 2018 1:07 pm Published by

General News

Coinbase is looking to create a crypto ETF with the help of BlackRock. Business Insider reports that Coinbase has reportedly “held conversations” with the $6 trillion asset manager.

ConsenSys has partnered with online education platform Coursera to offer a blockchain technology course, titled “Blockchain: Foundations And Use Cases.” Meanwhile, the Linux Foundation has opened enrolment for its new advanced training course for Hyperledger Fabric blockchain technology.

Goldman Sachs CFO, Martin Chavez, said that recent reports about the company abandoning its plans to open a cryptocurrency trading desk are “fake news.” Although, Chavez did suggest that excitement over a potential trading desk may have been premature.

Huobi exchange has acquired controlling stock interest (73.73 percent) in Hong Kong-based publicly listed company, Pantronics Holdings Ltd. This could be a reverse takeover, with Huobi gaining automatic inclusion on a stock exchange upon completion of the deal.

Kraken exchange has denied rumours that a Halifax, Canada office of the crypto exchange was shut down following a security breach resulting in the loss of hundreds of jobs.

Robinhood, which launched a zero-commission crypto trading service early this year, is eyeing an IPO.

Twitter CEO Jack Dorsey testified before a Congressional committee on Wednesday and was questioned on Twitter’s transparency and accountability issues. He claims that the company is exploring blockchain technology to fight misinformation and scams.

China have legalised the use of blockchain to authenticate evidence in legal disputes that will go into effect immediately.

South Korea’s national postal service Korea Post (KP) will meet with Goldman Sachs executives to gain “know-how” about cryptocurrencies. A meeting about crypto had already taken place with Goldman’s incoming chief executive, David Solomon, and a further meeting will take place in Hong Kong to meet Goldman’s dedicated cryptocurrency team there.

Uzbekistan president Shavkat Mirziyoyev has ordered the establishment of a state blockchain development fund called the “Digital Trust”. Furthermore, president Mirziyoev released an order that gives foreign exchanges several benefits to operate in the country: crypto-related income will not be taxed, licensed exchanges are not subject to existing foreign currency regulations and the country’s securities and exchange regulations. However, exchanges must meet certain criteria and open a subsidiary in Uzbekistan.


Bitcoin $6,497.31 USD (1.01 percent) and Bitcoin Cash $512.61 USD (2.80 percent) are now being acceptedby a luxury car retailer based in Texas, the first Bentley, Bugatti and Rolls-Royce (but not Lamborghini) dealership in the US to adopt crypto as means of payment. Post Oak Motor Cars is owned by Houston Rockets billionaire, Tilman Fertitta. Meanwhile, it is worth noting that short contracts on the Bitfinex platform are climbingcloser to their all-time high of 40,000. Shorts are currently at 37,000.

EOS trading on OKEx received a boost of liquidity yesterday from margin trading, a tool available for Bitcoin and assets deemed liquid enough.

Horizen $17.70 USD (9.76 percent): Crypto asset manager Grayscale Investments has officially launched the ZEN Investment Trust for accredited investors centred around Horizen (formerly known as Zencash). It is the latest single-asset investment trust launched by Grayscale, joining BTC, BCH, ETH, ETC, LTC, XRP and ZCash. CEO Barry Silbert claims they are focusing on privacy coins and its importance in financial privacy.

Ripple $0.293016 USD (2.19 percent) CEO, Brad Garlinghouse, claims that the bitcoin blockchain is more centralized than the XRP ledger. He revealed that Ripple controls around 7% of all the public nodes which is comparatively lesser than the control the Chinese miners have of the Bitcoin blockchain, which he says is around 50% of the blockchain.

Waves $1.96 USD (1.39 percent) announced that it will be rolling out smart contract capability on September 10th; using smart contracts to verify accounts, rather than coins. Transactions can be authenticated without relying on a centralized validator and is token-agnostic, which will expand the capabilities for users trading on the platform., Jamie Saarloos

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