📮 30-09-2019
📈 MarketCap: $218 B
📊 24h Mcap %: 1.24%
⚠️ Bitcoin Dom: 66.5%
Active Coins: 2,568
24h Vol %: 18.3%
24h Vol: $46 B
BESTROI recently reported that "Binance has launched a platform that allows you to buy Bitcoin for cash at more than 1300 newsstands in Australia. Binance Lite Australia is its name and so far only BTC is available, but the developers promise to add different crypts to the assortment over time. The buyer will have to pay a commission for such a purchase in the amount of 5%."
LedgerX claims former CFTC Chairman Christopher Giancarlo threatened the company for personal reasons. LedgerX executives claim the U.S. Commodity Futures Trading Commission (CFTC) is treating them unfairly – because of a blog post. LedgerX believes Christopher Giancarlo was personally biased against the company, and improperly used his position to delay the approval of an amended Derivatives Clearing Organization registration.
Ripple says it’s time for regulators around the world to update and offer clear guidance for digital assets. Ripple highlights a document from the UK Financial Conduct Authority that classifies XRP as an exchange token, not a security. FCA published its final guidance defining which crypto asset activities it regulates. FCA lists XRP alongside Bitcoin and Ethereum as digital assets that the agency has declared are exchange tokens, which fall outside of the authority’s “regulatory perimeter.”
Interest in borrowing tokenized bitcoin suddenly spiked to as high as 17% per year with lenders offered almost 10%. The situation now seems to have returned more down to earth, but you can still earn about 1% of actual bitcoin a year or borrow the actual asset at the current interest rate of 6.67%. So if you put down 1 wrapped bitcoin (WBTC), you get 0.01 bitcoin in interest a year regardless of whether anyone actually borrows your bitcoin or borrows just 0.1BTC.
Recent Google Trends data shows that searches for 'Bitcoin' are highest in Nigeria and South Africa, underscoring the belief that Africa could be the next big market for cryptocurrencies. In fact, Bitcoin searches in Nigeria are more than double that of any other country in September thus far. Online searches for Bitcoin in developing countries now overshadow those from many developed countries.
As far as as the Bitcoin network hashrate is concerned, this week has proven to be rather interesting. The Bitcoin network hashrate spiked from its low at 67 quintillion hashes per second on September 23 to New ATH of 108 quintillion hashes per second on September 26, which has now moved back to 100 quintillion hashes per second on September 28. This seems to confirm the “missing miners” came back in quick succession and some extra hardware was pointed at the network in the same go.
People in the community saw Bakkt as the catalyst to get institutional investors to enter the market. But so far, it doesn’t seem like institutions are interested. In the first seven days, there was only $5.8M in trade volume. Compare that to the $460M of volume CME futures saw on their first week, or the $700M weekly volume they see today. Some crypto-commenters have made the argument that Bakkt adoption will be slow at first, but will pick up significantly as investors wait and see how the market works, what regulation arises.
Digitization, disruption, blockchain, and frictionless payments. It’s amazing how prominent figures from the financial elite can provide a pretty detailed description of decentralized money without uttering “bitcoin” or “crypto.” But the fact of the matter is that clever businessmen in any industry, banking is no exception, would quickly spot emerging competition, analyze its strengths, and move to catch up with it before it’s too late.
An employee at a nuclear research center was fined $7000 for illegally mining Bitcoin on a supercomputer. Sarov, about 230 miles east of Moscow is a closed town as it is the Russian center for nuclear weapons research. The court delivered the verdict on Sept. 17. The nuclear research employee was convicted of unlawful access to computer information and a violation of the rules for storing information.
Bitcoin Family, the Dutch family that lives a decentralized life traveling the world with cryptocurrencies, now focusing on their “Sharing is Caring” tour in which they are educating and helping those who really need crypto and Bitcoin. The father of house, Didi Taihuttu, said, "We will travel the world with our bit-mobile and sensitize people about Bitcoin in several ways. In addition, we will share all the benefits we get on this tour with NGOs and low-income communities."
The United States-based branch of major cryptocurrency exchange Binance, “Binance.US,” opened account registration and verification services for residents of Puerto Rico. Binance.US is offering Puerto Rican users zero trading fees until Nov. 1 with 13 fiat-to-crypto and crypto-to-crypto trading pairs. These include major cryptocurrencies such as Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB) and the Tether (USDT) stablecoin.
