Copper
June 10, 2019
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Last week was incredibly busy in the cryptoverse. The biggest news by far was the SEC’s action against Kik for their 2017 KIN token sale. Regulators (and ICO issuers) around the world will no doubt be watching like hawks the outcome of this suit. But that wasn’t the only news, from high-level movers and shakers, to rumours about Zuckerberg’s next big move, it’s all happening now.
The Copper team also had a busy week, with CEO Dmitry Tokarev back in New York recording a podcast interview with Pomp (to be released next week). Stay tuned and we’ll post a link as soon as it’s live.
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
Kik could get a kicking
Unlike previous SEC actions against ICOs, this is the first time they have filed a complaint for a purely regulatory infraction, namely failing to register a security
Not unexpected, Kik’s founders basically dared the SEC to sue them when they made public their response to the Wells Notice
Dangers of crypto margining
Poloniex users in the US are out $13.5m after a flash crash in the CLAMs market
The velocity of the crash and the lack of liquidity made it impossible for all of the automatic liquidations of CLAM margin positions to process as they normally would
Facebook reveals more
Further details have emerged about the social network’s cryptocurrency, GlobalCoin, ahead of the June 18 white paper
An executive told a German magazine that the stable coin won’t be pegged to a single fiat currency, but rather tied to a basket of 5
Latest Coin News
BTC
Bitcoin futures on the CME had their best month in May, over
were traded
Mining difficulty jumps
over last quarter as competition increases
ETH
‘Atlantis’
brought forward, launch on 19 June
ConsenSys co-founder departs to join
XRP
Thailand's largest commercial
to use XRP following tweet
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