Crypto Weekly, 18th September 2019 Market News

After taking the summer off, the CryptoWeekly newsletter is back!

Here’s what’s been happening in crypto this week:

Binance.US opens registration today, excluding 13 states (Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont and Washington). And according to the announcement, there will be no trading fees until 1st of November. Link

Messaging app LINE’s Crypto Exchange goes live for 80 Million users. The new exchange, dubbed Bitmax, went live today in Japan (days after the platform received final regulatory approval) with trading of five crypto assets: bitcoin (BTC), ethereum (ETH), ripple (XRP), bitcoin cash (BCH) and litecoin (LTC). Link

Wells Fargo to pilot dollar-linked stablecoin. Dubbed Wells Fargo Digital Cash, the U.S. dollar-linked stablecoin will enable to settle internal cross-border payments across its global network. Its international locations will also be able to move funds between each other using the token. Link

Deutsche Bank joins JPMorgan-led blockchain network. The JPMorgan Chase-led Interbank Information Network (IIN) will this week announce Deutsche as a new recruit to a network of 320 banks which have agreed to swap information on global payments over blockchain, the mutually distributed ledger technology behind cryptocurrencies. Link

European space agency backs blockchain satellite project. Blockchain startup SpaceChain has won a 60,000 euro grant from the European Space Agency (ESA) to investigate use-cases for their satellite-based blockchain wallet system. The company has already flight-tested blockchain nodes in space. Link

SegWit transactions now make up over 50% of Bitcoin payments. SegWit, the opt-in transaction type that was first introduced in August 2017 (after a soft-fork network update) allows the Bitcoin blockchain to process transactions that are less data-intensive than the classical transaction format – resulting in cheaper and faster transactions. Link

Venezuela’s largest bank opens up petro cryptocurrency wallet registrations. Following an order issued by President Nicolas Maduro in early July for Bank of Venezuela to open up a cryptocurrency desk specifically for the state-backed petro, the country’s biggest bank now appears to be doing just that.

You can now prove a whole blockchain with one math problem. The Electric Coin Company (ECC) says it discovered a new way to scale blockchains with “recursive proof composition,” a proof to verify the entirety of a blockchain in one function. Link

COMMUNITY NEWS
Blockchain-based employment platform Opolis has announced that it received a developer grant from MakerDAO. Link

The U.S. Commodity Futures Trading Commission (CFTC) has just named Coinbase vice president Dorothy DeWitt will head its division overseeing Bitcoin futures. Link

We added hundreds of new crypto companies, investors, exchanges, journalists to CryptoList over the summer. Link

Hedera Hashgraph, touted as high-speed blockchain alternative, goes live. Link

Bitcoin mining power hits new high as half a million new ASICs go online. Link

Here’s a handy list of crypto YouTube channels worth checking out. Link

Sparkswap adds USD support to its Bitcoin Lightning Network exchange. Link

Harbor has created tokens on the Ethereum blockchain representing the shares of four real estate funds worth $100 million. Link

David Marcus, co-creator of Libra, says the stablecoin won’t threaten monetary sovereignty of nations. Link

HTC’s Blockchain phone now supports Bitcoin Cash. Link

Square Crypto is giving the first of what will be many grants to support open-source Bitcoin projects to BTCPay Foundation. Link

In less than 32 days, the 18 millionth Bitcoin will be mined… leaving just 3 million (14.3%) left. Link

UPCOMING EVENTS

Transylvania Crypto Conference • Oct 10-13 • Transylvania, Romania (use promo code #EARLY_BIRD_TCCONF19 to access 20% off)

Crypto Expo Singapore • Oct 26 • Singapore (use promo code CRW to access $15 off VIP tickets)

Edited by KintuLabs. Reply to this email with any feedback and/or suggestions. Nothing shared or published by CryptoWeekly constitutes an investment recommendation, nor should any data or content published by CryptoWeekly be relied upon for any investment activities. CryptoWeekly strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions. Copyright © 2019 CryptoWeekly. All rights reserved.

 


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