Weekly Roundup

Looking back on a week in which Bitcoin defied bearish sentiment to pop more than 40% in a single day, China’s president publicly supported the role of blockchain in the country’s future, Polish police arrested the head of Crypto Capital on suspicion of money laundering, Binance continued its global expansion with the introduction of Nigerian Naira pairs and Jack Dorsey answered the question of whether Twitter would be involved in Libra with a resounding “Hell No!”.  

Reflecting on a week in which the 18 millionth bitcoin was mined at block 600,000, Binance upped the stakes by raising leverage on its futures trading platform to a staggering 125X, Telegram delayed the launch of its TON blockchain until April 2019 following US regulatory backlash, BAT-powered Brave browser hits 8 million monthly active users and ‘Satoshi’ was added to the Oxford English Dictionary.

Looking back on a week when the SEC brought an abrupt halt to Telegram’s planned TON launch, several prominent members of the Libra Association pulled out due to regulatory pressures, Alipay quickly corrected an official announcement suggesting Chinese users could onboard to Binance using the app.

This week saw mixed fortunes for Coinbase. The company attracted attention with several announcements, including the news it will offer 1.25% interest on its USDC stablecoin and the introduction of a new banking agreement for faster deposits and withdrawals for UK customers.

Another eventful week in the crypto space has seen an NBA star try to tokenize his $34.4 million contract on the Ethereum blockchain, Binance support the UK’s Cybercrime Unit with investigations into a $51 million phishing scam, Bitmain launch a ‘Tinder for Bitcoin mining’ service to match individual miners with pools, Parity admit prioritizing Polkadot development over Ethereum despite a $5 million grant from the Ethereum Foundation, and decentralized storage network Filecoin announce the date for its long-awaited testnet.

Over the past week, a cunning hacker managed to steal $200,000 worth of EOS by exploiting a smart contract vulnerability in popular gambling app EOSBet, Electronic Arts trolled crypto fans with a mysterious tweet that turned out to be a crafty game promotion, a well-known ICO advisor was arrested in the US on extortion charges, Binance margin borrowing passed $100 million and Ripple dismissed a pending lawsuit by XRP investors, claiming the token isn’t a security.

Over the past week, Coinbase hinted at the launch of a new platform to capitalize on interest in IEOs and STOs, Binance opened trading on its Binance Futures platform following a successful beta launch, Dapper Labs launched a new blockchain to support CryptoKitties 2.0 and English Premier League side Watford FC announced it’ll be displaying the Bitcoin logo on players’ shirts as part of a sponsorship deal.

We take a look at the top crypto stories over the last week.

Over the past week, Brazil’s central bank adopted guidelines from the International Monetary Fund (IMF) on cryptocurrencies, and leading cryptocurrency exchange Binance launched a lending service letting users “earn crypto while you sleep.” 

Over the past week, Bakkt announced it will be launching its bitcoin futures platform on September 23 following several delays, Coinbase acquired institutional custody business Xapo for $55 million, the SEC delayed its decision on three Bitcoin ETF proposals until autumn, Binance paid out a bounty to a white hat hacker who hijacked its Binance Jersey Twitter account, and a Florida federal judge called out inconsistencies in Craig Wright’s court statements in the Kleiman vs Wright case. 

Over the past week, the U.S. SEC delayed Bitcoin ETF proposal it had on the table, Binance CEO CZ labelled reports that the exchange had suffered a hack involving user KYC data as “FUD”, commission-free trading app Robinhood got a thumbs up from UK regulators and Coinbase quietly delisted privacy coin Zcash from its UK platform.

We take a look at the top stories in the crypto world over the last week.

We take a look at the top crypto stories in the last week.  

We take a look at the top crypto stories in the last week.

We take a look at the top stories in crypto over the last week.