Blockchain News (Bank of America, Twitter, Uniswap)

Our latest Blockchain News

Bitcoin

  • Alleged Twitter Hack ‘Mastermind’ owns $3 Million in Bitcoin, Bail Set at $725K. Graham Clark must turn in his U.S. passport and he will be subject to house arrest using an electronic anklet tracking device.
  • Korean behind YFI fork “Asuka” leads $60,000 exit scam. Asuka tokens reached over $1,600 in value over the weekend. But — in a reminiscence of Bitconnect — they now trade at under $10.
  • Bitcoin market cap is now bigger than Intel or Coca-Cola. Amid a major bullish trend on cryptocurrency markets, Bitcoin’s market cap is at $205B now.
  • Paris judge has officially ordered the trial of alleged BTC-e operator Alexander Vinnik to begin.
  • Square’s Cash App reports quarterly Bitcoin revenue of $875 million. Nearly half of the $1,92 billion total revenue came from the company’s Bitcoin trading service.
  • Bitfinex announces to offer $400 million in reward to find the hacker who stole 119,755 BTC from the exchange four years ago.
  • German police have taken custody of about 2,500 bitcoins, worth some $30 million, that belong to the operators of movie2k. to.
  • BaFin, the financial regulatory authority in Germany, have begun impounding Bitcoin ATMs in the country.
  • New York banks get approval to list and custody Binance USD Stablecoin.

Crypto

  • Huobi Group, major crypto exchange operator, is forming a new fund to invest tens of millions of dollars of its own capital in the decentralized finance space.
  • Neural Capital, a crypto hedge fund, closes after losing half its money.
  • Basler Kantonalbank, a Switzerland-based bank backed by the country’s government, is set to offer crypto trading and custody services via its subsidiary Bank Cler.
  • Grayscale Crypto Fund grows 15% in a week hitting $5.5 Billion AUM.
  • Hester Peirce, well known as “Crypto mom”, secures a second term as SEC commissioner.
  • Ripple and Bank of America collaborated according to an e-mail. The American bank aims to work with the crypto-giant for real-time settlements. However, no official confirmation has come from either of the parties.
  • Huobi pouring tens of millions into DeFi investment and research. The Asian crypto firm has launched Huobi DeFi Labs to drive decentralized finance growth and hired a former Wall Street exec.
  • Cryptocurrency adoption is growing rapidly in Slovenia. More than 1,000 locations in the country now accept cryptocurrency payments.
  • KB Kookmin Bank, the largest South Korean bank, plans to launch a cryptocurrency custodial service for its clients.

Launches and Deployment

  • OKEx launches Indian P2P trading platform despite legal uncertainty. The platform allows users to buy digital currencies with zero transaction fees using Indian rupees.
  • Baidu Superchain Open Network has deployed 17 Super Nodes across China and more than a thousand companies have joined.

Other

  • Genesis’s lending business surges as trading firms hunt for yield. Genesis Global Trading saw the number of loans outstanding hit $1.4 billion in Q2.
  • Electric Capital, a premier venture capital firm, has raised $110 million from a host of institutional investors in its latest funding round.
  • Bitmain delays Antminer shipments citing management chaos. The co-founders are battling to take control of the hardware giant.
  • The U.S. Securities and Exchange Commission is looking to buy a blockchain forensics tool to help it analyze smart contracts.
  • Chainlink hits an all-time high, spiking 26% within 24 hours. A $20 million LINK short was just liquidated on Aave. Was it Zeus Capital?
  • Uniswap, major decentralized exchange, raises $11 million in a Series A funding round led by Andreessen Horowitz to develop its V3 trading platform.
  • ParaFi Capital, a DeFi-focused fund, has invested $450,000 in USDT in governance token nectar, along with D1 Ventures and will start staking on Ethereum-based exchange DeversiFi.

Revamp

  • Ethereum. org gets redesigned. The Foundation is changing up some of its website’s designs as it pushes for a comprehensive educational strategy.
  • Chinese Blockchain Revolution sees 10,000 newly added firms in 2020 alone.


Rules / Regulations / Laws

  • The Russian Federation has banned anonymous deposits to online wallets in a move that will affect 10 million users across the country.
  • Russia’s Sberbank considers stablecoin launch after Putin signs crypto law. Russian President Vladimir Putin signed a cryptocurrency that provides legal status to cryptocurrencies. However, the law does not allow cryptocurrencies to be used as a method of payment.
  • Russian´s new “crypto” law provides a regulatory regime for tokenized securities and has no regulation for cryptocurrencies.
  • Investors suing over Status ICO but cannot find the management team to serve papers.
  • US bans WeChat. A signal could help worried Chinese based in the US look for solutions to the ban. A decentralized platform could be the best option.

 

Credit: Telegram VYSYN – Capital News 

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