Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
The U.S. has had, and will have, a busy week with several notable launches imminent. First, Overstock has said their Tzero native token and digital security will be made available to the public within days; Binance has said that following a compliance review they are ready to launch in the US with 30 assets; and finally, MIT has provided commentary around the US-China trade war, specifically implications for Bitcoin – it’s popularisation or impending doom.
Below is 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
Binance funds in mixers
- More than 4,000 coins have moved through chipmixer since June in an attempt to obfuscate the blockchain record of the stolen funds
- Clain.io has been tracking the movement, saying “it’s practically impossible to launder big volume of coins in a relatively short period of time”
China’s digital asset ready
- The Central Bank said the asset would be operated on a two-tier structure in order to deal with China’s massive economy, resource endowment, and vast population
- The government has been working on this since 2014, and despite building on blockchain, the asset will be fully centralised
Coinbase drops Zcash for UK customers
- Customers have just two weeks to find a new wallet for their Zcash holdings, or convert/sell, before Coinbase automatically liquidates their balance to GBP
- This sudden removal follows news that HMRC has demanded customer transaction data from prominent UK retail exchanges
Latest Coin News
- Price analysis: Likely to post more losses after flash crash of 4.5%
- Tim Draper hedges prediction of $250k USD, aiming for Q1 2023
- McAfee doubles down on 2020 prediction, confident of hitting $1M USD
- Price analysis: Starting an upside correction after trading to a new monthly low at $0.2897
- Ripple looks to acquisitions following $30m investment in MoneyGram
- MoneyGram is using xVia API to access RippleNet for cross border payments
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