Market Insights
Copper's Weekly Update - 02 September 2019
Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Last week crypto ran the complete gambit from silly to serious. McAfee’s zombies were setting crypto twitter alight and competing for headlines with North Korea, who are adamant they haven’t been stealing $2bn from banks and exchanges 🧐
Closer to home, Coinbase has been alerting UK retail users that a no-deal Brexit will force them to migrate accounts to a European administered firm. And in the US, Ethereum-based Dharma has pivoted away from direct lending into stablecoin savings accounts.
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
TON code released
- According to Russian media reports, the Telegram Open Network has released the code required to run a node. This takes the project one step closer to releasing tokens (ahead of schedule)
- Telegram has promised to launch its mainnet on October 31, when the Gram (TON) tokens would also be unlocked
Alan Howard to back $1bn crypto venture
- The billionaire trader, and head of hedge fund Brevan Howard, is reportedly launching a $1bn venture fund through Elwood Asset Management, the firm that manages his personal crypto portfolio
- The CIO of their systematic investment group says they have been screening crypto funds and identified up to 50 with potential to invest
What is crypto custody anyway?
- Noelle Acheson of Coindesk digs deep into some of the issues crypto asset investors face when trying to marry up the idea of custody in traditional finance with securing crypto assets in the new world
- She discusses how the legacy term came to be relied upon so heavily, isolates the key (pun-intended) differences, and why we need new terminology
Latest coin news
BTC
- Price analysis
- Bitcoin
- promising for BTC’s long term price trend
- Customers will be able to deposit BTC in
- this week
ETH
- Price analysis
- TON blockchain will allow developers to port their
- Pantheon is now a new Hyperledger incubator project,
XRP
- Price analysis
- Japan’s
- to pay shareholders dividend in XRP
- XRP community
- if founders don’t stop dumping
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