Market Insights

Copper's Weekly Update - 14 October 2019

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

Copper

14.10.2019

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

It would almost be easier to list things that didn’t happen last week! The biggest firms and the biggest regulators were all making headlines as 2019 shapes up to be a decisive year for the future of crypto assets.

Grams are coming, but maybe not in America. A rare joint policy statement was issued from the three top US regulators. The Libra Association is being hollowed from the inside out, with added pressure from the US Senate. The Bitwise ETF application was rejected, after much deliberation. And much, much more.

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

Telegram may delay launch

  • In a letter to investors following an SEC lawsuit, Telegram is said to be looking for ways to resolve the restraining order against US investors ahead of 24 Oct hearing date
  • Either way, Copper is ready when they are. The firm has already integrated the TON key generator and provides full support for Grams using the offline Copper Unlimited application

Read More

More drop out of Libra payments network

  • Visa, EBay, Stripe and Mastercard have all announced that they are dropping out of Facebook’s Libra Association and its associated stablecoin project
  • The companies have expressed respect for Facebook’s vision and claim to see continued potential in the project, but chose to redirect their focus for the time being

Read More

UK crypto derivatives ban for retail investors opposed

  • The World Federation of Exchanges (WFE) has asked UK regulator Financial Conduct Authority (FCA) not to ban the sale of crypto derivatives to retail investors
  • FCA’s ban draws a stark contrast with the U.S. financial watchdog’s response to crypto derivative trading, where both Bitcoin and now Ether have been declared commodities

Read More

Latest Coin News

BTC

  • Price analysis
  • The
  • will now ask US citizens if they own crypto in new 1040 tax form
  • Next Bitcoin halving may not lead to

ETH

XRP

  • Price analysis
  • Samsung working with Ripple partner,
  • , on international payments
  • Ripple, fintech firm
  • partner for blockchain remittances

Don’t forget to subscribe to our newsletter so you can have the latest news delivered to your inbox every Monday morning.

The latest forward thinking research, straight to your inbox.

Insights

Market insights straight from the source.