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

A wet weekend in the UK was only dampened further by news that Coinbase has suffered a glitch where some customer’s passwords were stored in plaintext on a server log. This comes amid news that the popular retail exchange lost its UK banking partner (and therefore access to the Faster Payment Scheme).

But they weren’t the only exchange to suffer from bugs this week. Binance Jersey announced they are providing a bounty to a white hat hacker that managed to take over their twitter account. The hacker cooperated with their security team and evidently didn’t have ulterior motives.

In good news this week, the crypto-friendly bank Silvergate has announced it will shortly be providing crypto-collateralised loans. And speaking of lending, the Lendingblock platform has been awarded a DLT licence by the Gibraltar Financial Services Commission.

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

Bakkt futures cleared to launch

  • Based on the CFTC’s self-certification, and approval of the Trust set up in New York under NYDFS rules for custody, Bakkt will launch futures on Sept 23rd
  • Bakkt’s bitcoin futures will be exchange-traded on ICE Futures U.S. and cleared on ICE Clear US, which are federally regulated by the CFTC

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Swiss SIX exchange CEO out

  • Martin Halblaub, the CEO of Switzerland’s digital exchange has left after only only eight months in the role. SIX is one of the first stock exchanges in the world to offer a Bitcoin and crypto exchange product
  • Halblaub’s temporary successor will be Tomas Kindler, who will take place as the firm’s CEO on Sept. 1

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Coinbase + Xapo – Barclays = ?

  • Coinbase had a busy week with the $55m acquisition of Xapo’s institutional clients, which included Greyscale’s $2.7bn assets
  • But they also lost Barclays as a retail banking partner in the UK, affecting customers ability to deposit GBP and killing critical access to FPS

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Latest Coin News

Copper's weekly BTC price chart for 19 Aug 2019

  • Price analysis: The price is likely to climb higher if it breaks the $10.6k resistance in the near term
  • Four transactions (worth $240m) linked to the PlusToken scandal tracked
  • Litecoin founder Charlie Lee discloses investment in BTC firm Casa

ETH

Copper's weekly ETH price chart for 19 Aug 2019

  • Price analysis: There is a connecting bullish trend line forming with support near $188 on the hourly chart
  • Coders approve six new changes to the upcoming Istanbul hardfork
  • BBC journalist loses £25k of Ethereum after losing control of private keys

XRP

Copper's weekly XRP price chart for 19 Aug 2019

  • Price analysis: The pair (XRP:USD) is likely to accelerate higher above the $0.2900 and $0.2950 resistance levels
  • 1 billion XRP in massive grant to fund online content
  • Santander will use xCurrent for LatAM to US money transfers

 

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