Copper
October 15, 2018
Highlighting what went right, and what went wrong, in this week’s crypto news analysis.
Security token offerings are back in the news this week with an Aspen Colorado based resort raising $18m. If you haven't heard the term STO before, Copper has created an explainer on how they will play a role in establishing cryptocurrencies.
Institutional investors will have also noted Coinbase has dropped support for their index fund product. Instead they will focus on their retail business, which is down 80% this year. But there was some good news for institutional investors, with CFTC Chairman publicly stating they will help to mature the cryptocurrency market.
Below we have 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
Are STOs the future of Crypto?
We think so. This isn’t to say there won't be role for utility tokens, just that until the differences are ironed out, and more importantly, regulated, both will be stuck in a state of limbo
Copper looks at what a security is, and where the latest judgements sit on whether crypto could/should be regulated as one
Coinbase closes index fund
Four months after opening the $250k minimum purchase product to US investors, Coinbase is shutting it down
They will instead focus on their retail orientated 'bundle' where the minimum investment is just $25
Bithumb sold to plastic sugeons
BK Global consortium, a Singapore based medical science group, has purchased 50% plus one share of Bithumb
The Korean exchanges raised $354m, making BK Global the largest stakeholder
Latest Coin News
BTC
Research shows BTC
as previously thought
Bitcoin and the
issue explained (backgrounder)
ETH
Constantinople is
to be released this month
Then again, Constantinople is facing
XRP
Ripple is apparently in talks with the
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