Daily Cryptocurrency Bulletin For Tuesday, August 6, 2019

August 6, 2019 1:19 pm Published by

General News

BitMEX has experienced record outflows last month of $530 million after the United States CFTC opened investigations into BitMEX allowing U.S. residents to use its trading platform. Notably, BitMEX has never experienced outflow of more than $100 million in a single month

Bitpoint, the Japanese crypto exchange, is resuming some trading services following its $28 million hack in mid-July. 50,000 affected customers will receive funds back on a 1:1 basis.

Coinbase has announced the possible addition of eight new tokens to its current collection, including Algorand, Cosmos, Dash, Decred, Matic, Harmony, Ontology, and Waves.

Facebook’s Libra has received an extensive list of questions it must answer to further progress the project. In a joint statement published by the U.K. Information Commissioner’s Office (ICO), data privacy commissioners from Australia, Albania, Burkina Faso, Canada, the EU, the U.K., the U.S., shared concerns “while Facebook and Calibra have made broad public statements about privacy, they have failed to specifically address the information handling practices will be in place to secure and protect personal information.” Facebook has responded by hiring Susan Zook of Mason Street Consulting, who previously assisted Senator Mike Crapo, to a team of lobbyists aiming to influence lawmakers.

Samsung is adding more than a dozen new apps to its Blockchain Keystore online app market. Blockchain Keystore has grown from an initial four applications to a total of seventeen. 

Standard Chartered has completed its first joint blockchain-based supply chain financing transaction in partnership with China-based supply chain financing provider Linklogis.

North Korea has used “widespread and increasingly sophisticated” hacks to collect roughly $2 billion in crypto and fiat, which is laundered over the web and used to fund weapons, according to a confidential U.N. report. Seen by Reuters, the report presented to the U.N. Security Council North Korea sanctions committee last week, states many of the hackers operate under the Reconnaissance General Bureau, a North Korean intelligence agency. 

The United States Federal Reserve Board is planning to release a real-time payments and settlements service in order to boost the payments infrastructure in the country. The payment system is called FedNow and will purportedly launch in 2023 or 2024.

Cryptocurrencies 

Bitcoin $11,833.50 USD (0.97 percent) price has retaken $12,000 with BTC dominance at 68.4 percent – a more than two-year high – rising from its 2018 all-time lows of 35 percent. Meanwhile, trading volume on Venezuelan exchange LocalBitcoins has made a new all-time-high, as Donald Trump’s administration has frozen all Venezuelan government assets. 

Litecoin $96.09 USD (-5.54 percent) successfully underwent yesterday’s halving event and notably, its hash rate appears to be as robust as ever. 97 percent of the pre-halving hash rate is still mining LTC, despite the 50 percent rewards reduction.

Tezos $1.39 USD (-1.58 percent) co-creator Kathleen Breitman has signed a binding commitment with Founders Pledge to give 15 percent of the proceeds of the sale in XTZ holdings to charity – a combined value of $97 million as of today. Meanwhile, EToro has rolled out trading support for Tezos, becoming the 15th crypto asset to join the platform. EToro CEO Yoni Assia claims the listing comes after a notable uptick in banks choosing Tezos blockchain to issue STO’s and following Coinbase’s listing of XTZ last week.

– WN.com, Jamie Saarloos



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