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October 04, 2019, 09:43:59 PM |
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Total Market Cap, as of 10.04.19 at 12:00pm (PST): 220,026,401,689 (+2.64%)
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STORY OF THE WEEK
• The U.S. Securities and Exchange Commission (SEC) settles charges against Block.one with a fine of U.S. $24 million for conducting an unregistered ICO between 2017 – 2018.
CRYPTOCURRENCY TRADING SERVICES
• Binance launches a staking platform allowing users to deposit token holdings and earn rewards without the complexity of setting up a node.
• Coinexchange.io ceases operations citing financial issues within the firm.
• Users of Coinbase who hold at least one dollar’s worth of USDC token will automatically begin to accrue rewards (1.25%) on their holdings at no additional cost or fees.
• Binance is delisting thirty trading pairs from its platform citing liquidity and user trading experience considerations.
• Coinbase Pro changes its fee schedule, increasing fees for lower volume traders and decreasing fees for large volume traders.
REGULATION
• Uzbekistan’s Ministry of Energy introduces a draft bill recommending businesses working with crypto assets should pay 3x the cost of electricity currently changed in their business category no matter the power capacity.
• The U.S. Securities and Exchange Commission (SEC) settles charges against Nebulous, the parent company behind decentralized network Sia with a fine of U.S. $220,000 for an unregistered ICO in 2014.
• Six major Japanese brokerages, Kabu.com, Securities, Monex, Rakuten Securities, SBI Securities, Nomura Securities and Daiwa Securities have teamed up to form the “Japan STO Association”, a self-regulatory organization for STOs (Security Token Offerings).
TECHNOLOGY
• A vulnerability was found in Zcash in which full nodes with shielded addresses could leak data containing the IP address of the user running the node.
• The Fusion Foundation, the parent company behind decentralized network, Fusion Network had one of its wallets drained for tokens worth an estimated U.S. $3.75 million.
• Telegram has launched a native wallet for its native token, Gram (GRM) on the Apple app store.
INSTITUTIONALIZATION
No noteworthy articles this week pertaining to institutions involved in cryptocurrency or blockchain related technology.
PEOPLE
• Former executive at BlackRock and Goldman Sachs, Howard Surloff has joined cryptocurrency wallet provider Blockchain.com as General Counsel.
• Former CTO of NiceHash, Matjaz Skorjanec has been arrested by German federal police over charges of running a cybercrime forum and creation and deployment of a malicious botnet dubbed Mariposa.
TWITTER
• @rhythemtrader – “Bitcoin's hashrate is now 7x larger than it was during price's all-time high of $20,000 in 2017. We're seeing resources being spent researching, developing, and deploying mining hardware at a record pace. Investment into bitcoin infrastructure is accelerating.”
• @TheCryptoDog – “Many people are attracted to the quick flips and dirty pumps, but the real money in $crypto is all about the long-term play.”
• @arbys – “Crypto is somewhere in this picture, but you’ill never find him.”
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