Highlighting what went right, and what went wrong, in this week’s crypto news analysis.

April has been a busy month for regulators in the US, particularly FinCEN and the NYDFS, though there is still a loud chorus calling for greater clarity on what future regulations will looks like.

The Copper team will be in New York from the 12th-16th May at both Consensys and the Digital Asset Summit. Get in touch if you’d like to meet.

Below we have our weekly roundup of industry and coin specific news. If you’d like to get in touch with us about any of our products or services, we look forward to hearing from you. Just send us a note.

Latest Industry News

Bakkt’s problems could be solved

  • Delays to the launch of the Bakkt exchange have long been attributed to resistance from federal regulators, like the CFTC
  • Bloomberg reports the exchange’s parent company is in talks with the NYFDS to acquire acquire a BitLicence

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Ledger Nomura custody project delays

  • It’s been almost a year since the announced project between Ledger, Japanese bank Nomura, and Global Advisors to create a new institutional custody tool
  • Expected in Q2, it now looks like it will be at least 2020 before anything is released, amid speculation that the relationship is strained

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FinCEN takes action against P2P exchange

  • The Financial Crimes Enforcement Network has penalised an individual for failing to register as a money services business
  • The P2P exchange he ran also failed to comply with AML regulations and ignored the requirement to file a CTR for more than 200 qualifying transactions

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Latest Coin News

BTC

Copper's weekly BTC price chart for 22 April 2019

  • Price analysis: Bullish trend line after testing key support at $5,200
  • Why the sudden increase in Bitcoin fees?
  • Bittrex in bitter battle with NYDFS over failed BitLicence application

ETH

Copper's weekly ETH price chart for 22 April 2019

  • Price analysis: Bearish trend line pushes price down and will test support at $166
  • Binance chain launched to replace Ethereum as BNP protocol
  • Ethereum Enterprise Alliance and Microsoft team up

XRP

Copper's weekly XRP price chart for 22 April 2019

 

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