Copper
November 4, 2019
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
A humbling week for some as flash crashes and finger fumbles cause chaos at two exchanges. A reminder that in a nascent industry, where the rails are still being built, operating with an abundance of caution is no bad thing.
Catch Copper’s CEO later this morning at the Tokenised Assets conference, and next week in New York at DAS Markets. The wider Copper team will also be at Consensus Invest next week if you would like to set up a meeting.
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
Bitmex accidentally leaks user email list
On Friday, BitMEX alerted its clientele via blog and Twitter posts that it had accidentally revealed many of its user’s email addresses in the CC: field
The exchange has now asked customers to add BitMEX’s support email to their contact lists to decrease phishing emails along with adding 2-factor authentication (2FA)
Deribit flash crash costs firm $1.3m
Bitcoin derivatives provider experienced a malfunction of its flagship BTC perpetual swap contract, causing the price of the contract to drop 15%
It then announced via its Telegram channel that there were some BTC index calculation issues, caused by the platform's failure to remove incorrect outlier prices provided by an exchange Deribit works with
Updated tax guidance from HMRC
Companies that buy or sell tokens, mine, exchange tokens for other assets or provide goods or services in return for tokens are liable to pay for one or more different types of tax
The tax authority explicitly stated that it does not consider any of the current types of cryptocurrencies to be money or currency
Latest Coin News
BTC
New UK ownership
reveals 5.3% already own BTC
BTC celebrated its
ETH
Regulated
? Not so fast
Ethereum is now
, thanks to DeFi
XRP
Ripple Q3 2019: Like the rest of the cryptocurrency market,
Ripple Founder calls China’s blockchain
‘phenomenal’
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