Copper’s Weekly Update – 13 January 2020

Looking back at last week’s biggest news, including price analyses for BTC, ETH, and XRP.

Copper Team

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

A veritable whirlwind of a week as board level in-fighting wreaks havoc at one established firm; meanwhile regulators get tough with AMLD5 in Europe, FATF everywhere else, New York and Japan each doing their own thing; and if you thought that might put a damper on things, the market starts salivating over today’s launch of CME Bitcoin options.

2020 is off to a wild start.

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 a note.

Latest Industry Updates

BOARD MEMBER ALLEGES LEDGERX CHAOS

  • A LedgerX board member sent a letter today to shareholders and the CFTC, expressing concerns over the allegedly unethical process that led to two of the company’s founders being placed on leave in early December
  • Separately, LedgerX announced that it has appointed former CTO Zach Dexter as the new CEO and a $4 million financing led by existing investors

Read More

JAPANESE EXCHANGES FACE IMMINENT MARGIN LIMITS

  • Referencing sources at Japan’s finance regulator, local English-language news outlet Japan Times revealed plans to limit margin leverage to twice the total of traders’ deposits
  • The move follows on from a limit of four times traders’ deposits which the domestic exchange industry imposed on itself through a self-regulatory body last year

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EUROPEAN CRYPTO FIRMS BRACE FOR AMLD5

  • Friday marked the deadline for the European Union’s 28 member nation-states to adopt the Fifth Anti-Money Laundering Directive or AMLD5
  • In addition to the enhanced KYC and reporting obligations, the regime gives greater power and reach to financial intelligence units and law enforcement

Read More

Latest Coin Updates

BTC

Copper's weekly BTC price chart for 13 Jan 2020

ETH

Copper's weekly ETH price chart for 13 Jan 2020

XRP

Copper's weekly XRP price chart for 13 Jan 2020

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