Copper’s Weekly Update – 7 September 2020

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

Copper

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

This weekend, crypto Twitter has been abuzz with speculation surrounding viral DeFi project, SushiSwap (SUSHI). The token’s anonymous founder, Chef Nomi, was accused of trying to pull an exit scam after swapping his SUSHI for some 37,400 ETH, worth about $13m.

Following the heavy backlash, Chef Nomi, has since transferred admin rights of SushiSwap to FTX CEO Sam Bankman-Fried, who is planning to set up a “real multisig”. The move seems to have calmed the jittery nerves of holders of Ethereum-powered DeFi tokens, which have now recovered from recent lows.

On Friday, we published the fourth episode of Coppercasts, and our special guest on this occasion was the CEO of Radix DLT, Piers Ridyard – the man responsible for bringing a level of sanity to the mad world of DeFi.

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.

Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum

With the addition of 21 Shares‘ Bitcoin and Ethereum Exchange Traded Products (ETPs), the Vienna Stock Exchange has become the third regulated market in the world to offer digital asset products to its clients.

On the same day, Singapore Exchange (SGX) also revealed their plans to list a price indexes for BTC and ETH.

Read More

BitMEX to list futures for new crypto coins for first time in over 2 years

BitMEX is rolling out quanto futures contracts for crypto assets EOS (EOS), Chainlink (LINK), Tezos (XTZ), and Cardano (ADA) to give traders a new way to bet on the altcoins.

The LINK/USDT quanto pair will go live first, followed by EOS/USDT, XTZ/USDT, and ADA/USDT

Read More

Russia’s latest draft bill would still largely ban crypto, stifle miners

The Russian Ministry of Finance has drawn up a new draft bill which brings even more controversy and confusion, especially regarding digital asset mining.

The new amendments legalise cryptocurrency mining for assets like Bitcoin and Ethereum, however, miners would not be able to receive their rewards as they are paid in the mined cryptocurrency

Read More

Latest Coin News

BTC

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  • Price Analysis: BTC to go up once the stock market goes down. Read more
  • Jonathan Rowland plans £40m float for ‘Bitcoin bank’ .Read more
  • Bitcoin will be accepted for tax payments in Swiss canton Zug next year. Read more

ETH

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  • Price Analysis: ETH recovers 15% after tumbling to almost $300. Read more
  • Binance launches Ethereum-compatible blockchain to pursue DeFi. Read more
  • Ethereum’s Vitalik Buterin dismisses concerns of 51% attack on ETH 2.0. Read more

XRP

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  • Price Analysis: XRP/USD reached the inflection point at $0.23 Read more
  • Tether surpasses XRP by market cap again. Read more
  • Ripple partners with 37 universities across 15 countries via crypto research initiative. Read more

 

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