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Coinbase Drops Its Crypto Bundle Product Without Any Explanation

Major U.S.-based crypto exchange Coinbase has discontinued its crypto investment bundles product, the platform’s updated FAQ site reveals.

Major United States-based crypto exchange Coinbase has discontinued its Coinbase Bundle crypto investment offering, the platform’s updated FAQ site reveals.

Coinbase Bundle product is no more

Reasons for discontinuation of the product — which had only just launched in fall 2018 — have not been officially provided, with the exchange simply notifying users that:

“Coinbase Bundle purchases have been deprecated, as such all assets purchased in the Coinbase Bundle have been redistributed to their respective individual asset wallets.”

In a further comment, Coinbase says that while users will no longer see a standalone wallet for their Coinbase Bundle purchases, the amount of cryptocurrencies purchased as part of the package will not have changed and is thus “a cosmetic-only change.”

Coinbase Bundles has been designed to purportedly simplify cryptocurrency trading and draw new investors into the sector. 

Each bundle was a basket of five cryptocurrencies — Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), and Ethereum Classic (ETC) — supported on Coinbase and purchased in proportion to their market capitalization in USD. The smallest bundle was sold by the exchange for as little as $25, £25, or €25.

A changing crypto landscape

Earlier this week, Coinbase released aggregated data in the form of three trading signals designed to offer investment insights for its customers:  top holder activity, typical hold time and popularity, and price correlation. 

In June, the exchange published its key findings about awareness and adoption trends related to cryptocurrency in the U.S., revealing that 58% of Americans have heard about Bitcoin (BTC). 

Other U.S.-based crypto trading platforms have similarly launched investment vehicles designed to streamline trading, such as the Winklevoss Twins’ Gemini exchange, which offers a “Cryptoverse” product tied to a basket of cryptocurrencies weighted by market cap to be bought as a single order.

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Mexican Crypto Exchange Bitso Seals DLT License from Gibraltar Regulator

Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission.

Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission (GFSC), a July 19 announcement revealed.

An apparent first in Latin America

In what Bitso claims is an apparent first in Latin America, as of August 1, the custody, withdrawals, deposits and trading of cryptocurrencies on its platform will be overseen by the GSFC under a framework specifically evolved to regulate businesses in the distributed ledger technologies (DLT) sector. 

GSFC’s Distributed Ledger Technology Regulatory Framework — finalized in January 2018 — focuses on ensuring robust consumer protection and security, as Bitso notes. Yet the exchange argues that the framework’s application is “conveyed through the application of principles rather than rigid rules” and is thus fit to keep pace with the pace of innovation in the DLT sphere.  

The agency’s issuance of a so-dubbed DLT license to successful applicants such as  Bitso has forged the overseas United Kingdom territory regulator a reputation as a proactive and forward-thinking actor in the global sector.

Bitso reveals that its choice of cooperation with the GFSC stems back to a meeting with the regulator’s team during an international FATF forum. Notwithstanding its compliance into Gibraltar’s crypto regulatory regime, the exchange says it continues to work closely with local financial regulators to promote the enactment of the Fintech Law in Mexico.

Crypto regulatory frontiers

In terms of user experience, the company notes that while using Mexican pesos, clients will continue to use existing services such as SPEI, cash funding or Bitso Transfer ® — and will still be under the operational oversight of Bitso S.A.P.I. de C.V, which is regulated under Mexico’s Fintech Law.

When it comes to crypto interactions, all activities will from August fall within the scope of the GFSC DLT Regulatory Framework. The firm pledges to transparently indicate and uphold a strict separation between services provided in Mexico and those provided in Gibraltar.

As Cointelegraph has previously reported, major Singapore-based cryptocurrency exchange Huobi sealed a DLT license from the GFSC in December of last year, weeks after the Gibraltar Blockchain Exchange (GBX) was granted one.

This spring, the European Economic Area (EEA)-regulated Gibraltar Stock Exchange (GSX) launched listings of blockchain-powered securities on its GSX Global Market.

In February 2018, Gibraltar announced a trailblazing draft law for initial coin offerings (ICOs), drawing industry-wide interest.

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Binance Jersey Lists Exchange’s Own GBP-Backed Stablecoin

Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, dubbed Binance GBP Stablecoin (BGBP).

Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, according to a press release shared with Cointelegraph on July 19.

‘Overwhelming demand’ for stablecoin diversification

Listing of the Binance GBP Stablecoin (BGBP) confirms earlier indications that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed by the British pound.

Binance Chief Financial Officer Wei Zhou has given an official statement, in which he noted that:

“There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin.”

Zhou added that increasing awareness of the utility of stablecoins and proliferating use cases for the specialized asset have all contributed to Binance’s decision to list the coin, and to press ahead with other fiat-pegged cryptocurrencies.

As previously reported, Binance first launched its Jersey-based platform in January of this year, designing the exchange to support fiat-to-crypto trading of the euro and British pound with Bitcoin (BTC) and Ethereum (ETH) across Europe and the United Kingdom.

More stablecoin fever

Ahead of revealing plans to issue its own assets of the same type, the exchange had embraced — like other major platforms such as OKEx and Huobi —  the proliferating issuance of fiat-backed stablecoins

In fall 2018, it rebranded its Tether (USDT) Market as the combined USDⓈ market to allow for the support of more trading pairs with different stablecoins offered as a base pair in fall 2018.

Earlier this month, Binance completed an upgrade to its Binance Chain mainnet — featuring a revised matching engine and enabling validators to vote on delisting trading pairs on Bianance’s decentralized trading platform, Binance DEX.

Also this month, Binance released a margin trading platform, which it similarly stated had been “one of the most requested services from our community.”

Just yesterday, stalwart if controversial stablecoin issuer Tether  revealed plans to release its stablecoin on a fifth blockchain, one based on a permissionless proof-of-stake (PoS) and open-source protocol.

A study published in June meanwhile indicated that only 66 stablecoins — 30% of total announced tokens — are actually live and operational.

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US Chamber of Digital Commerce Onboards Crypto Exchange ErisX

ErisX cryptocurrency exchange has joined the Chamber of Digital Commerce, a blockchain-related advocacy group.

The United States Chamber of Digital Commerce has taken aboard cryptocurrency exchange ErisX.

Per a press release shared with Cointelegraph on July 18, ErisX has become a member of the Chamber of Digital Commerce, an advocacy group that promotes the digital asset and blockchain industry. 

ErisX thus joined other heavyweights of the industry such as Fidelity Investments, Overstock.com’s Medici Ventures, enterprise blockchain software firm R3, stablecoin platform TrustToken and professional services company Accenture, among many others. ErisX CEO Thomas Chippas stated:

“The Chamber of Digital Commerce and its member initiatives are very much aligned with our objective to improve the digital asset trading and investing landscape. We are pleased they recognize our dedication to help bring mainstream adoption and accessibility to this space through an intermediary-friendly model and unified platform for spot and regulated futures.”

Perianne Boring, founder and president of the Chamber of Digital Commerce, said that “we look forward to bringing ErisX’s experience as a regulated market to the Chamber and to their participation in our efforts to educate policymakers as well as advocate for digital assets and blockchain technology.”

Recently, ErisX procured a derivatives clearing organization (DCO) license from the U.S. Commodity Futures Trading Commission. ErisX is ostensibly planning to make digital asset futures contracts available for trade on its regulated derivatives market later this year via its new DCO.

Earlier this year, the Chamber urged the U.S. government to implement a national action plan on blockchain technology. The group believes that blockchain offers a “myriad of transformational benefits” for businesses, government and consumers. The group also thinks that, as a leading nation in tech, the U.S. has to fully embrace a national strategy on decentralized technologies.

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Binance Unknowingly Earns Staking Rewards of Stellar, Adds Support

Binance has apparently earned 9,500,000 XLM in staking rewards unknowingly.

Major cryptocurrency exchange Binance has earned staking rewards on Stellar (XLM) following a change of some parameters on cold and hot wallets.

In a blog post published on July 18, Binance said that it unknowingly earned staking rewards of 9,500,000 XLM ($775,000 at press time) in extra XLM tokens in the wake of specific parameter changes on cold and hot wallets made a year ago. The exchange subsequently decided both to immediately add staking support for XLM and to share the gained XLM rewards with the entire community. The post further specifies:

“Starting July 20, Binance will support staking for Stellar (XLM). Over a 40-day period, Binance will take daily snapshots of XLM balances on your Binance accounts. After that, on September 1, we will tally average user XLM balances based on these snapshots and complete the distribution of your XLM staking rewards.” 

In June, Binance released its official Trust Wallet on its decentralized trading platform Binance DEX. According to the announcement at the time, Trust Wallet planned to launch support for layer-2 payment protocols such as Lightning Network in future, as well as support for staking services.

Earlier this week, blockchain interoperability protocol Polkadot introduced its “canary network” dubbed Kusama, which functions as an experimental version of the protocol. Kusama will purportedly enable developers to build and use a parachain or test Polkadot’s governance, staking, and other functions in a real environment.

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Top-5 Crypto Tokens Pronounced ‘Dead’ — NEM and BCC Head the List

The rise and fall of “dead” сoins — the top-five most famous coins that didn’t survive and why…

In 2017, the cost of Bitcoin (BTC) reached almost $20,000, and in December 2018, its rate fell to $3,187 per token. Nevertheless, it is a solid price movement for a currency, which was created from nothing about 10 years ago. Bitcoin still dominates the portfolios of most crypto investors and is by far the most popular cryptocurrency, meaning its price is less prone to drops than the rest of the market.This is also indicated by the CoinMarketCap dominance chart. But what about the rest of the cryptocurrencies that have appeared over the past couple of years?

In 2018, CNBC reported that approximately 800 cryptocurrencies, which appeared as a result of initial coin offering (ICO), can now be called “dead,” because they are traded at a price below $0.01. In 2019, this figure continued to increase.

Resources that specialize in “dead” cryptocurrencies have launched, such as Deadcoins and Coinopsy, according to which, in 2018, about 1,000 different cryptocurrencies failed. Many “dead” crypto projects were scams organized as ICOs and some could not stand the pressure of the bearish market in late 2018. That is how Jay Richler, co-founder of Coinopsy, described to Cointelegraph the huge number of failed coins listed in different exchanges: 

“Before 2016, most failed due to just making a coin for fun, and then developers just gave up of pulled a small scam or pump-and-dump. After 2016, market got saturated with coins, so exchange listings now cost large amounts of $$$, for example Binance is like 1 million to get listed from memory. So after 2016, it was either well planed scams with funding and marketing or coins that started just didn’t have the funding and direction.This is most but not all.”

The Deadcoins’ team responded to Cointelegraph by saying that it is convinced that the main reason for cryptos failing is the lack of utility on their behalf:

“Many of the altcoins most probably to fail for many reasons, but the main reason will be the lack of utility and the use case or overlapping with other altcoin or their use case is already satisfied by BTC or other major coins.”

Here are our top-five dead cryptocurrencies — which were terminated by their founders — that turned out to be scams or had trading volumes of less than $1,000 for three months. Some entries in this list may come as a surprise.

Top cryptocurrencies presumed "dead"

Bitconnect

BitConnect tops this list of dead coins, as it is believed to be a fraudulent scheme — one of the largest in the history of crypto. The BitConnect project was accused of creating a large-scale financial pyramid.

BitConnect’s blistering invasion of the CoinMarketCap top-10 list, with a capitalization of $2 billion shortly after the launch of the project in January 2017, stunned many, and rumors of a dubious scheme began to spread rather quickly. However, only by the end of 2017 did cryptocurrency investors decide to publicly accuse the project of organizing an investment scam — a so-called Ponzi scheme.

One of the more prominent critics of the project was billionaire and well-known Bitcoin investor Mike Novogratz, who stated on Twitter that BitConnect really looks like a Ponzi scheme that hurts the image of the entire industry: “BitConnect really seems like a scam. an old school ponzi… bad actors hurt the community. period.”

The reason for all this resentment is the BitConnect lending program. The project promised significant bonuses for deposits in Bitcoin. But according to disgruntled users, the bonus payment mechanism remained opaque, and the nature of its origin was unknown. This led the community to suspect that the project represented a financial pyramid built on top of a multilevel referral system.

Many critics pointed out that the only possible source of bonus profits are deposits from new investors, but that information was kept secret by the founders of the project, whose identities were unknown. However, in early 2018, BitConnect was beginning to collapse. Texas and North Carolina regulators forced the founders to close the lending program and their cryptocurrency exchange, making the BitConnect (BCC) token redundant and subsequently causing it to depreciate. Then, one by one, collective lawsuits started to be filed against BitConnect, and United States authorities came to grips with investigating the activities of the project — whereby a U.S. court decided to freeze its assets.

NEM

NEM, or New Economy Movement, is a cryptocurrency that launched in March 2015. The active development of the NEM cryptocurrency began in 2016. The uniqueness of NEM lies in the fact that its development was carried out on original open-source code, thanks to which the cryptocurrency was able to initiate many useful innovations. The entry, withdrawal and exchange of the NEM cryptocurrency takes place on exchanges.

NEM is used to make instant transfers and payments worldwide without large commissions. It can be purchased both online and for cash, as well as be used for exchange operations among other currencies. NEM has become a very popular cryptocurrency and now is in the top-30 currencies by the market capitalization indicator, according to Coin360.

However, one of the largest cryptocurrency exchanges in Japan, Coincheck, confirmed in January 2018 that a large scale theft of funds from the platform has taken place. A total of $123.5 million in the form of NEM tokens (XEM) was claimed. At the time, Coincheck suspended all operations with NEM and other altcoins. Meanwhile, unconfirmed reports were received that unknown attackers stole further $600 million worth of NEM from the exchange.

Shortly afterward, Coincheck representatives officially reported the total losses of 58 billion yen ($123.5 million). The exchange filed a statement with the Financial Services Agency of Japan (FSA) and local law enforcement agencies regarding the cyber attack. Also, representatives of Coincheck assured that they were studying ways to compensate users for the lost funds. Despite assurances from the NEM Foundation, the news of the Coincheck hack and the theft of such a large amount led to a sharp decline of XEM: The coin dropped sharply in a short period of time, and by February, its value was about $0.60 and is still floating around that level.

Price of NEM since its drop from all time high price of $2.05

Nem

Source: coin360.com

Universa

The Russian-based project Universa attracted $28 million during its token sale in December 2017. The stated goal was to create a blockchain platform for business applications based on the high-speed Universa blockchain protocol, with a capacity of up to 22,000 transactions per second (TPS). An important fact for the promotion of the project was the partnership with Ernst & Young (EY) — and one of the top Russian banks, Alfa Bank — and has certainly strengthened Universa’s image as a domestic blockchain industry pioneer.

The founder of MGT Capital Investments and the creator of anti-virus software McAfee Security, John McAfee, became a member of the advisory committee of the Russian blockchain project, headed by businessman Alexander Borodich. McAfee spoke about this at the time on Twitter:

“I am proud to become an advisor @Universa_news and build McAfee Coin on the fastest blockchain. Join the revolution/ICO today! universa.io.”

However, as soon as the markets cooled down, a conflict among the members of the project’s management became evident, which resulted in legal proceedings being filed following the accusations of damaging the business’s reputation among the founders of the project. But while the management of the company was figuring out their differences, the daily trading volume of tokens hardly managed to reach $42.000, the liquidity was almost absent and the HitBTC exchange delisted this cryptocurrency. 

Bitcoin Diamond

Bitcoin Diamond (BCD) is a fork of Bitcoin. This cryptocurrency was created in November 2017 as a result of the separation of the mainchain of Bitcoin after block #495866. The purpose of the cryptocurrency is the same as the original Bitcoin, as a means of payment that is convenient for online purchases. The BCD token was credited to all Bitcoin token holders automatically after the fork. The accrual was carried out at a ratio of 1 BTC to 10 BCD. Thus, the maximum number of BCD tokens cannot exceed 210 million tokens, while 170 million tokens were released immediately and distributed among Bitcoin holders.

Bitcoin Diamond differs from the original Bitcoin in several key areas:

  • Block size was increased to 8 MB, eight times larger compared to Bitcoin.
  • A new encryption method was implemented, solving issues of confidentiality.
  • Increased speed of each block, reducing delays in confirming transactions and their costs.

The roadmap of the project promised that, by the beginning of 2020, Bitcoin Diamond should surpass Bitcoin in terms of its use cases. But the development plan has left a lot of uncertainties, with the main question being: When will work on the BCD token be competed? 

As per Coin360, Bitcoin Diamond’s capitalization is at around $140.5 million, and the cost of the tokens from the moment of listing has almost constantly been decreasing. At the time of the fork, BCD’s price reached $85 per token. Currently, one coin costs in the region of $0.80, marking a drop of almost 100%. Major players in the crypto market have voiced their concerns regarding the project — with Ledger, for example, stating that Bitcoin Diamond was involved in fraudulent schemes at the end of 2017:

“SCAM WARNING — multiple sites claim to let you collect Bitcoin Diamond. They’ll steal your assets. Never enter your mnemonic into a third party website.”

According to the statement, customers switched to websites related to cryptocurrency, on which they were asked to enter a password, and their BCD tokens were subsequently stolen in a classic case of website cloning. 

Emercoin

It may seem surprising that a traded token is on this list, but Emercoin can be attributed as a loser in the world of cryptocurrencies.

The project started in 2013, but it appeared on the lists of popular exchanges only in 2014. The Emercoin cryptocurrency was conceived as a payment tool on the internet. Presently, Emercoin serves only as a means of payment. In other words, this is money for buying goods — such as games, clothes, programs, etc. But this didn’t offer anything interesting or present attractive options for buyers. However, the developers are claiming that, in the near future, Emercoin will become a unique platform that will protect websites, copyright, etc. 

Despite the efforts of the creators, Bittrex announced at the end of June 2019 the withdrawal of several low-liquidity altcoins, including the Emercoin token — EMC. According to Coin360, the coin is at the 493 line, per the capitalization indicator.

Only the strong survive

No matter how low the price of a cryptocurrency falls, it can go even lower until it reaches zero, as was the case of BitConnect. Under the conditions of a downward market trend, all levels of support can be broken through on the way to full depreciation. That is why investors should stay away from low-liquidity instruments, which do not possess a stable influx of money, especially when those instruments begin to fall. Those who invest in it fall into a trap: Even if investors want to sell a falling crypto currency, they cannot — due to the lack of buyers — and are forced to watch their funds melt away. Richler Vanierwitz from Coinopsy told Cointelegraph how some nonliquid coins can come to life for a while, but then die:

“We were working on uncovering a big scam around local wallet with cryptocurrencies. There were around 500 coins in the wallet, but over time owners of this coins lost 80-90% of funding on these coins, but they kept making more. Through the time the owners revived this coins as new ones and listed again in some exchanges and for a short time the cost of these coins grew again but soon died. So I would not recommend buying any revived coin. Some other coins just get removed from one exchange then few months later get on a new one. Many reasons of the fall.”

Peter Brand, a financial analyst and trader, who correctly predicted an 80% drop in the cost of Bitcoin last year, takes a harsher stance, saying that only a few cryptocurrencies have a future ahead of them:

“Cryptos developed because of BTC. The cryptocurrency story is a Bitcoin story. It is difficult for me to specifically name those coins that will be worthless, but I genuinely believe that 99% will become worthless because their origination was driven by an attempt of a person, company or consortium to ride the coattails of Bitcoin. I believe that LTC and ETH have a good chance to retain value because of their already mass acceptance. On the other hand, I believe that niche coins (developed to address very specific purposes) and coins largely controlled (such as XRP) face an uphill journey.”

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Coinbase Announces Three Data-Based Trading Signals for Users

Coinbase has launched three trading signals its users, with the purported aim of providing more sophisticated trading metrics for investors.

American cryptocurrency exchange and wallet service Coinbase announced that it has released aggregated data in the form of three trading signals to its customers. Coinbase announced the new offerings in an official blog post on July 17.

The three trading signals that are being offered are top holder activity, typical hold time and popularity, and price correlation. The purported aim of each of these offerings is to allow investors to create more informed trading strategies, by means of insights that go beyond raw price metrics.

The typical hold time signal, for instance, tracks the median number of days that a given asset is held before it is moved via a new transaction. Asset popularity, in the same category, tracks how many users hold a given cryptocurrency. These metrics purport to allow investors to better understand user behavior, in an aggregate and anonymous form.

According to the announcement, these new insights are “the first of their kind in crypto.” Coinbase also notes that the metrics will be offered alongside traditional market data, which it has already been providing.

As previously reported by Cointelegraph, Coinbase released a report on digital currency adoption and awareness trends in the U.S. on June 28. Coinbase drew on data from a survey that collected responses from 2,000 participants this year. Of those surveyed, 58% of Americans said that they had heard of Bitcoin.

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Overstock Subsidiary and Tokenization Firm tZERO Announces New Management

The tokenization firm tZERO has announced three new executive appointments, including a former Barclays member who will head tokenization dealings.

The blockchain-based subsidiary of retail giant Overstock,  tZERO, has appointed three new managers. The company announced the new hires in a press release on July 17.

According to the announcement, new appointees Brooke Navarro, Michael Mougias and Alexandra Sotiropoulos have been official managers since July 15. TZero states that these new executives are the firms head of issuance, head of investor relations and head of communications, respectively.

The CEO of tZERO, Saum Noursalehi, remarked on the intended role for these new hires, saying:

“On the issuance front, Brooke will drive strategic development of our security token ecosystem by focusing on the supply-side of the equation — working with issuers to bring more quality assets to the PRO Securities ATS. Mike and Alex will spearhead our efforts to continue to develop strategic market positioning for tZERO and engage with current and prospective investors, analysts, media and other tZERO stakeholders.”

Brooke Navarro will coordinate with regulated broker-dealer affiliates and partners to seek out companies interested in a token offering or otherwise tokenizing existing capital tables. Navarro is also going to be in charge of pursuing strategic partnerships in order to drive adoption of tZERO’s technology.

Navarro was formerly a managing director in investment banking at Barclays as a leader in the company’s technology, media and telecom equity capital markets team. Navarro reportedly acted as an advisor to Barclays clients for initial public offerings, follow-ons, convertibles and private placements.

As previously reported by Cointelegraph, tZERO partnered with the producers of a gaming biopic in development — “Atari: Fistful of Quarters” — to tokenize the film. The token is called “Bushnell” and token owners will become shareholders of the project, and receive a portion of the movie’s profits as such. Token holders will also apparently be able to vote on the movie trailer and have influence over which actors are hired.

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Huobi Transitions From Current HUSD System to New ERC-20 Token

In the coming days, Huobi will change over from its current HUSD system to the new ERC-20 token.

Huobi cryptocurrency exchange will transition its HUSD token from its current stablecoin system to an ERC-20 token through a partnership with crypto startups Stable Universal Limited and Paxos Trust Company.

Per a press release published on July 17, Stable Universal will develop a new ERC-20 HUSD Token, which will be pegged to the United States dollar and held in reserve by the New York State Department of Financial Services-regulated custodian Paxos. Huobi will be the first platform to list HUSD Token.

In the coming days, Huobi will change over from its current HUSD system to the new ERC-20 token, which will subsequently be available on other cryptocurrency exchanges, wallets and platforms.

Throughout the process, Stable Universal will let users purchase HUSD on a one-for-one basis for U.S. dollars, while Paxos will manage the Know Your Customer and Anti-Money Laundering procedures for account openings on Stable Universal. Additionally, Stable Universal will work with third parties to conduct smart contract audits and on-chain transaction monitoring.

Richmond Teo, Paxos co-founder and CEO of Paxos Asia, said that “we are proud to now offer trust-as-a-service to power HUSD Token, a new stablecoin for Huobi Global. This is a new model that allows other innovators to create safe, trusted and fully-backed solutions that support wider crypto-market adoption for cash and assets using our unique regulated status.”

In late June, Huobi announced that it will be moving aggressively to the Turkish market over the next 12 months, since the country has a “very important and promising prospective market.”

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Trump vs Bitcoin, Japanese Exchange Hacked | Coffee and Crypto

In the premiere episode of the new Cointelegraph series “Coffee and Crypto,” Olivia Capozzalo and Molly Jane Zuckerman discussed the latest news in the crypto industry.

In the premiere episode of the new Cointelegraph series “Coffee and Crypto,” head of editorial Olivia Capozzalo and head of news Molly Jane Zuckerman discussed the latest news in the cryptocurrency industry.

Latest news in the cryptocurrency industry

In the video, Capozzalo and Zuckerman discuss United States President Donald Trump criticizing Bitcoin (BTC) and Facebook’s Libra stablecoin, the European Central Bank’s recent statements about Bitcoin, and whether BTC is a currency. Zuckerman also talked about the hack of Japanese exchange Bitpoint, which yesterday published the breakdown of crypto assets stolen in the 3 billion yen (~$27.8 million) hack of its platform earlier this month. 

Capozzalo spoke about an American computer scientist that has managed to mine Bitcoin on a 52-year-old Apollo guidance computer. Those are the very same computers that were used to navigate the first moon landings by the National Aeronautics and Space Administration in the 1960s.

Cointelegraph’s head of editorial shared a story about how she first learned about cryptocurrencies in 2013, but wasn’t a fan initially.

“I felt like Trump,” Capozzalo said, in reference to the president’s recent tweets about crypto. 

As Cointelegraph reported earlier this month, Donald Trump voiced his opposition to cryptocurrencies as a whole, citing Bitcoin and Libra specifically. He stated that he is “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air.”