Topic: Cryptocurrency and Blockchain – Industry News – (10.11.19 – 10.18.19) (Read 104 times)

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STORY OF THE WEEK
• The U.S. Securities and Exchange Commission (SEC) issues a temporary restraining order against Telegram Inc. and Ton Issuer Inc. for what the agency claims as an “ongoing illegal offering of digital-asset securities called Grams”.

CRYPTOCURRENCY TRADING SERVICES
• Ripple, Coinbase, Panthera Capital, Digital Currency Group and Jump Capital have invested in Mexico’s largest crypto exchange Bitso to expand its operations across Latin America.

• Bitfinex launches the Bitfinex Affiliate Program, allowing users to refer new users and earn commissions from trading fees.

• KuMEX, the derivatives arm of KuCoin to launch a bitcoin monthly futures contract in a few weeks.

• Huobi Global plans to launch a fiat gateway for users in Turkey by offering a Turkish Lira to Tether onramp.

• Circle parts ways with Poloniex to spin off a new company dubbed “Polo Digital Asset”. The new platform will not serve U.S. customers.

• Binance Futures, the derivatives arm of Binance is raising its maximum leverage to 125x with the launch of bitcoin (BTC) and tether (USDT) contracts.

REGULATION
• The chairmen of the U.S. Securities Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC) and the Financial Crime Enforcement Network (FinCEN) have issued a joint statement addressing KYC/AML obligations for crypto users.

• The Government of Bermuda announced on Wednesday it will accept USD Coin (USDC) for payment against taxes, fees and other government services.

• The Commodity Futures Trading Commission (CFTC) issues a compliant accusing cryptocurrency and foreign exchange investment firm Circle Society and its operator David Gilbert Saffron for misappropriating investors funds and registration violations.

INSTITUTIONALIZATION
• Booking Holdings, the parent company behind Booking.com has announced its departure from the Libra Association.

TECHNOLOGY
• The next release of popular bitcoin wallet Electrum will support payments through the bitcoin Lightning Network.

PEOPLE
• Bank of America currently has six roles open for individuals with experience in blockchain technology or the ability to apply it in a banking context.

TWITTER
• @AngeloBTC – “Patiently waiting for $6k $BTC levels where I will add to long-term holdings. Good luck homies.”

• @Nebraskangooner ¬– “The lower #Bitcoin drops, the more risk there is involved with leverage trading. Smaller moves are higher percentages. So please.. Don't use 125x leverage on Binance. They have plenty of money without your donations.”

• @Bitcoin_Vending – “Never let anyone tell you that you "got lucky" when it comes to bitcoin. You invested the time to learn. You invested money to be a part. You had the conviction to ignore the many around you that thought or called you an idiot. That's not luck, that's work.”