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Digital Currency and Blockchain Weekly Round-Up – July 5th, 2019

Fri, 05 Jul 2019, 12:14 pm UTC

G20 lends official support to FATF's cryptocurrency regulation guidelines
The governments of the Group of Twenty (G20) countries have officially lent support for the guidelines on cryptocurrency regulations detailed by the Financial Action Task Force (FATF). “We reaffirm our commitment to applying the recently amended FATF Standards to virtual assets and related providers for anti-money laundering and countering the financing of terrorism,” the leaders’ declaration stated.

UK FCA seeks to ban crypto derivatives
The UK Financial Conduct Authority (FCA) recently proposed a ban on the sale of crypto-derivatives in a bid to protect investors from sudden losses resulting from extreme volatility in the prices of cryptoassets. In a press release dated July 03, the FCA said that it is seeking to ban derivatives and exchange-traded notes (ETNs) linked to cryptoassets.

South Korea's Busan eyes launch of own blockchain-based cryptocurrency
South Korea’s second major city Busan is planning to launch a regional blockchain-based cryptocurrency in a bid to enhance its financial infrastructure, local media outlet ET reported. As per the report, the local government plans to collaborate with BNK Busan Bank, a subsidiary of local holding firm BNK Financial Group, and other blockchain firms.

Cuba seeks to avert economic crisis with cryptocurrency
Cuba is currently experiencing an economic crisis after sanctions were placed on the island nation by the United States. New reports indicate that it is now considering using cryptocurrency as a means of getting around the restrictions placed upon it due to the ease of its use and the anonymity it provides.

U.S. lawmakers, consumer group call for a moratorium on Facebook's Libra cryptocurrency project
U.S. policymakers are calling on Facebook to pause the development of its Libra cryptocurrency project in a new open letter addressed to the social media giant’s executives. “It appears that these products may lend themselves to an entirely new global financial system that is based out of Switzerland and intended to rival U.S. monetary policy and the dollar,” the letter stated.

Kik hands over Defend Crypto initiative to Blockchain Association
Messaging giant Kik has announced that it is handing over Defend Crypto to the Blockchain Association. In May 2019, Kik launched Defend Crypto – a new campaign to fund a potential legal battle with the United States Securities and Exchange Commission (SEC). It said at the time that it was setting aside $5 million with Coinbase for the initiative.

Insights

  • Bitfury, QEDIT and other blockchain firms recognized as Technology Pioneers by World Economic Forum
  • US, UK dominate Twitter posts on bitcoin, Facebook's Libra cryptocurrency: Study
  • Electricity wasted by idle devices in U.S. could power bitcoin network more than 4 times: Research
  • H1 2019 saw $822M raised in funds by blockchain startups
  • $1B worth of bitcoin to be used for narcotics, child porn, and other crimes

Fundraising/Investments/Acquisitions

Company News

  • Bitfinex repaid $100M it allegedly misused to Tether
  • Alleged crypto Ponzi Scheme runs with $3B of scammed money: Report
  • Crypto exchange Gemini seeks FINRA broker-dealer license
  • Cryptocurrency exchange ErisX receives go signal from CFTC to offer bitcoin futures
  • Berlin-based Advanced Blockchain AG listed on Deutsche Börse-operated Xetra exchange

Partnerships/Consortiums

Digital Currency and Blockchain Initiatives

  • U.S. city of Dublin Ohio plans to use Bitcoin Cash-based SLP tokens
  • PUBLISH innovates the way tokens are sold, introduces “Benchmark Token Sale” (BTS) mechanism
  • Korea Internet Newspaper Association taps PUBLISH’s blockchain-based content management system
  • Binance to soon launch crypto futures trading platform
  • Intel co-sponsors Hyperledger’s new project that aims to simplify blockchain programming
  • Oracle, World Bee Project collaborate to track origin of honey using blockchain
  • Fujitsu develops blockchain-based digital ID technology to improve trustworthiness of online transactions
  • IBM launches blockchain pilot to transform bank guarantee processes with four Australian companies
  • Chronicled launches blockchain-based product verification solution for pharma industry
  • CipherTrace, Shyft partner to develop new blockchain solution to ensure compliance with FATF rules
  • Longenesis to bring blockchain-based medical consent platform to South Korean hospitals
  • Nestlé to pilot new blockchain-based food-tracking technology with OpenSC
  • Huobi Global, Nervos to build 'Finance Chain' for establishing public enterprise blockchains
  • ABN Amro successfully completes blockchain proof-of-concept for container transport
  • Interac, Alectra Utilities to incentivize people to use renewable energy using blockchain
  • Aon launches blockchain platform for agricultural insurance policies in Sri Lanka
  • Equisafe completes first ever real estate sale tokenized on ethereum

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  • Bitcoin (BTC) $7,108.95 (-0.01%)
  • Ethereum (ETH) $142.02 (+0.04%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $206.57 (-0.13%)
  • Litecoin (LTC) $43.35 (-1.02%)
  • Bitcoin (BTC) $7,108.95 (-0.01%)
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Darknet marketplace Hydra launching an ICO on Dec.16 to fund its global expansion
Dec 13, 2019 (Friday)
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12:49
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11:24
Terra launches stablecoin-powered payments service in Mongolia
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Crypto Technicals: Ripple (XRP) edges higher from session lows at 0.2154, 'Hammer' at lows raises scope for minor gains
10:22
Korean cybersecurity firm partners with R3 for digital asset management and MPC technology
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SEC charges Shopin’ founder with orchestrating ICO fraud; Accused deactivates social media, Telegram account
08:55
Crypto exchange Kraken looking for operations director to helm ‘special-purpose depository institution’
07:49
Twitter looks to blockchain to decentralize social media
07:03
Crypto Technicals: LTC/USD flashes signs of recovery, 'Dragonfly Doji' and 'Bullish Divergence' could support minor upside
06:22
ING bank developing custody project for digital assets: Report
06:18
Basel Committee on Banking Supervision mulls designing global prudential standard for crypto-assets
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Franklin Templeton leads blockchain-based social impact platform’s funding round
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Crypto Technicals: BTC/USD breaks above 50H MA, 'Bullish Divergence' could support further gains
04:44
TokenSoft submits transfer agent filing to the SEC; Decision to arrive in 30 days
04:33
Crypto Technicals: ETH/USD recovery lacks traction, upside capped at 5-DMA
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Glencore joins Responsible Sourcing Blockchain Network for tracing cobalt
03:24
Grant Thornton releases second report on Cryptopia liquidation; Pulls back nearly $5M from various sources
03:23
Chainalysis launches compliance solution for Bitfinex amidst class-action lawsuit
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