Huobi Global is set to list four new stablecoins, namely Paxos Standard (PAX), Gemini Dollar (GUSD), TrueUSD (TUSD), and USDCoin (USDC) later this week. In an announcement on its website, the cryptocurrency exchange revealed that the four new assets will go live on Oct. 19.

Huobi’s New Listings
PAX, a newly launched digital asset is dollar-pegged, issued by Paxos Trust, and regulated by the New York State Department of Financial Services. Participants are able to trade with USD-endorsed and USD-denominated assets under the supervision of the NYSDFS.

GUSD, which claims to be the worlds’ first regulated stablecoin, was issued recently by the Cameron and Tyler Winklevoss-owned Gemini exchange, also under NYDFS supervision. As with most other major fiat stablecoins, each GUSD token is backed by $1.00 in hard currency.

TUSD is a collateralized, dollar-backed stablecoin trusted by multiple banking partners, while Circle’s  USDC token allows eligible financial institutions join through its open membership, and it offers financial solutions that seek to resolve current crypto market problems.

https://www.ccn.com/huobi-lists-four-regulated-stablecoins-vying-for-tethers-crown/

Paxos, the startup behind the Paxos Standard (PAX) stablecoin, said it has so far issued a total of $50 million-worth of the U.S. dollar-pegged cryptocurrency since its official launch last month.

Dorothy Jean Chang, vice president of marketing and communications for Paxos, announced in a tweet on Monday that in the month since the company rolled out PAX on Sept. 10, it had issued $36 million-worth of the stablecoin in exchange for U.S. dollar deposits.

"And now… we are over $50M already," the spokesperson added, hinting more than $14 million-worth of PAX could have been issued in just the past several days.

CoinDesk reported last month that Paxos launched PAX as one of the first stablecoins that was approved and backed by regulators, namely, the New York Department of Financial Services, in Paxos' case.

https://www.coindesk.com/paxos-claims-50-million-in-price-stable-cryptocurrency-issued-in-first-weeks/

A group of U.S. lawmakers has called on the nation's Internal Revenue Service (IRS) to release comprehensive guidance for taxpayers earning gains on cryptocurrency investments or transactions.

In an open letter sent to acting IRS commissioner David Kautter, representatives Kevin Brady, Lynn Jenkins, David Schweikert, Darin LaHood and Brad Wenstrup write that the agency has had "more than adequate" time to develop clear rules on how cryptocurrency-related profits would be taxed.

Rather than release such guidance, the IRS has instead focused on enforcement actions around preliminary rules released in 2014, the letter claims, citing examples such as the agency's push to collect earnings data on customers from crypto exchange Coinbase and referencing a previous letter sent to the IRS in 2017.

https://www.coindesk.com/us-lawmakers-strongly-urge-irs-to-update-crypto-tax-guidance/

The Texas State Securities Board has issued an emergency action to halt the deceitful offerings of investments in three cryptocurrency related schemes.

The agency entered a cease and desist order against Coins Miner Investment Ltd, DigitalBank Ltd, as well as Ultimate Assets, who is charged for offering Texans misleading ROIs and promising to grow an initial investment of $1,000 into $10,000 in three weeks.

https://www.ccn.com/texas-regulators-shut-down-three-cryptocurrency-scams/

The Google Chrome extension for the popular file upload and sharing service MEGA has been compromised by hackers looking to steal login credentials and cryptocurrency keys, according to information from security researchers.

The service, which was launched by Kim Dotcom in 2013 after the demise of MegaUpload, has had its Chrome extension removed from the Chrome Web Store presently.

https://www.ccn.com/hacked-mega-chrome-extension-was-used-to-steal-cryptocurrency/

The owner of the Frankfurt Stock Exchange has tapped veteran executive Jens Hachmeister to lead the team.

German capital markets firm Deutsche Börse has created a team dedicated to studying the potential of blockchain and cryptocurrency technology, according to a recently released interview with Jens Hachmeister, the head of the new team.

https://www.ethnews.com/deutsche-boerse-establishes-blockchain-and-cryptocurrency-study-group

Bitcoin Cash and Ethereum are both in the process of considering upcoming hard forks, but the decision-making and communication processes are playing out very differently: Decisions on the Ethereum blockchain seem largely decided by communities of developers, whereas the Bitcoin Cash community lets miners take the reins. The different priorities of each blockchain lay at the heart of the matter.

https://www.ethnews.com/ethereum-and-bitcoin-cash-handling-the-hard-forks

Atlas, a popular Brazilian cryptocurrency investment platform, has been hacked. Although the company claims users’ funds are safe, the personal information of over 264,000 of its customers has been leaked.

The security breach was first reported by the Investimentos Digitais (Digital Investments) YouTube channel. In total, there are 14,500 records of leaked data that detail users’ balances on the platform, their email addresses, names, and phone numbers. The leaked data shows there are 5,813 BTC (about $39 million) deposited on the platform.

https://www.ccn.com/brazilian-crypto-investment-platform-atlas-hacked-data-of-264000-users-leaks/

On August 21st, Andrew Stone, lead developer of Bitcoin Unlimited, wrote a proposal outlining the upcoming hard drive strategy for November. Stone explained that two different full-node clients and Bitcoin Unlimited (BU) plans to implement two changesets to achieve consensus changes between the two organizations, allowing participants to use the BU voting feature.

https://news.bitcoin.com/bch-upgrade-debate-continues-a-fork-strategy-and-the-miners-choice-meeting/

According to Ethereumworldnews, Ripple's current chief technology officer Stefan Thomas said in an interview that American Express has agreed to use Ripple's platform to handle a large number of transactions. He revealed that some large companies are testing Ripple's platform, but did not give a specific company name. It is speculated that American Express may already be testing.

https://ethereumworldnews.com/american-express-testing-ripple-xrapid/

Fortrss Blockchain, a growth-oriented blockchain mining company established in the US Green Energy Zone, reported that the company's common stock will be traded on the Toronto Growth Enterprise Market as "FORT" when the Canadian financial market opens.

According to ETHNews on August 19th, anti-virus software McAfee founder John McAfee said in an interview that the recent dispute over BitFi wallet is actually just a marketing tool. He said: "It is controversial that it sells well. My job is to bring BitFi wallets to market." At the same time, he said, I think marketing is more important than technology. Marketing is ensuring that innovation sees the light.

https://www.ethnews.com/everything-i-do-is-marketing-an-interview-with-john-mcafee

According to CCN August 17th news, Gnosis founder Martin Koppelmann said that the application of Ethereum should be measured by the network effect of DApp, rather than by the number of users of the blockchain network. For Ethereum, the best metric is not how many DApps or DApps are deployed, but how many DApps are created and applied.

According to an official press release, South Korea will invest 5 trillion won (about 4.4 billion US dollars) for the "Growth Through Innovation" program. The strategy will fund eight pilot projects that plan to develop a “platform economy,” including a digital platform for big data analytics and trading, and a hydrogen fuel cell supply chain.
Considering the national impact of the plan on other industries, South Korea's total investment in the plan is 9 to 10 trillion won.