Copper’s Weekly Update – 28 September 2020

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

Copper Team

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

We’ve got lots of data for you today.

Last week, the University of Cambridge released its third Global Cryptocurrency Benchmarking Study, which found that the number of cryptoasset users has grown to 101 million identified users – up from 35 million in 2018.

On Tuesday, Bloomberg published its Galaxy Crypto Index, which tracks some of the biggest digital currencies. Thus far in 2020, crypto is outperforming gold as the top-performing asset.

And finally, according to data from DeFi Pulse, there are now over $10 billion in assets locked across various decentralised finance (DeFi) protocols. The three protocols with the most value locked are Uniswap ($1.98B), MakerDAO ($1.95B), and Aave ($1.5b).

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.

Two new bills in Congress offer clarity for blockchain tokens and crypto exchanges

Two major crypto bills were introduced in Congress on Thursday.

One proposes a single framework to oversee crypto exchanges in the US by the CFTC regulator. The other aims to establish which cryptocurrencies are securities.

Read More

Crypto exchange Gemini launches in the UK

US based crypto exchange Gemini has now launched in the UK, after successfully gaining FCA approval as a regulated entity.

Following its UK launch, Gemini also saw the listing of seven new DeFi-related tokens, including Uniswap’s UNI and Yearn.finance’s YFI.

Read More

Over $150m drained in KuCoin crypto exchange hack

On Friday, Singapore-based exchange KuCoin confirmed a major security breach. The breach affected the firm’s Bitcoin, Ether, and ERC20 hot wallets, after private keys were leaked.

The price of Bitcoin and other major cryptocurrencies remained relatively unfazed by the hack.

Read More

Latest Coin News

BTC

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  • Price Analysis:Acceptance above $10,820 critical for BTC bulls. Read more
  • Brazilian fund manager and Nasdaq to launch world’s first Bitcoin ETF. Read more
  • BitFlyer integrates with PayPal for easy access to Bitcoin. Read more

ETH

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  • Price Analysis: ETH faces strong resistance wall at $360. Read more
  • DeFi projects rush towards Layer 2 as Ethereum clogs up. Read more
  • Diamond Standard tries to make diamonds a liquid commodity via Ethereum. Read more

XRP

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  • Price Analysis: Upside continuation likely above $0.25. Read more
  • World Economic Forum names XRP as crypto asset most relevant in central bank digital currency space. Read more
  • New XRP ledger foundation gets $6.5 million in donations from Ripple and others. Read more

 

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