Copper
July 15, 2019
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
There were too many top stories last week to highlight just the three below.
In addition to the BitPoint hack, Trump’s notable contributions to the crypto conversation, and possible legislation that would prevent companies like Facebook from becoming financial institutions; it should also be pointed out that Canada passed a law requiring crypto exchanges to register as MSBs, there was the whole Tangle in Taipei thing between Dr. Doom and BitMex's CEO, Binance launched margin trading, and then started to burn their team’s tokens, and Tether accidentally created 5 billion USDT.
Crypto (clearly) never sleeps.
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
Bitpoint locates $2.3m of stolen assets
The Japanese exchange, which was hacked last week and lost $32m, said it has found $2.3m on exchanges that use its trading system
$23m of stolen funds belonged to customers while $9.2 million belonged to the exchange. Hackers stole BTC, LTC, ETH and XRP from the exchange’s hot wallets
Trump's tweets
What he said (not a fan… highly volatile… price based on thin air…) is less important than the fact he said anything at all about crypto
The timing is also relevant, less than a month after the Libra announcement (more on that below), and just days after the Fed chairman suggested BTC as a store of value
Draft US legislation would ban tech companies from banking
The bill would ban, “establishing, maintaining, or operating a digital asset that is intended to be widely used as a medium of exchange, unit of account, store of value,"
Companies with revenue exceeding $25bn would be fined $1m per day for violating the proposed law
Latest Coin News
BTC
BTC halving is less than 1 year away, will
Some countries are using blockchain to
ETH
Loans issued on Ethereum blockchain exceed
XRP
Ripple v Ethereum in the
for price recovery
Ripple SVP on VC podcast to talk about
Don’t forget to subscribe to our newsletter so you can have the latest news delivered to your inbox every Monday morning.
Independent custody
connected to multiple exchanges
Our settlements and clearing service is backed by our award winning custody technology
Subscribe
The latest forward thinking research, straight to your inbox.