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Coming every Sunday, Hodler's Digest will help you keep track of every single important piece of news that happened this week. The best (and worst) quotes, the salient points of adoption and regulation, coins, forecasts and much more – a week on Cointelegraph in a link.
Main stories of this week
Ethereum co-founder Joseph Lubin does not believe in the collapse of the market prevents growth
Joseph Lubin, co-founder of Ethereum and ConsenSys, said in an interview this week that he does not believe that The crypto market crashes prevent further growth, adding that each bubble brings a significant explosion of activity, as more developers join the community .Lubin noted that cryptic market cryptic can be attributed to "types of traders", ie speculative investors, saying that it is not necessarily an indicator of the improvement of the underlying infrastructure.
Playboy sues the Canadian Blockchain for p fraud, B reach Of Contact
Playboy Enterprises has sued the Canadian company Global Blockchain Technologies (GBT), claiming that it failed to integrate blockchain technology into Playboy's online media channels . In March, Playboy announced plans to develop an online portfolio that would allow customers to use cryptography and support the Vice Industry token, with the GBT announcing its participation in May. In the lawsuit, Playboy stated that the company not only failed to meet the requirements of their agreement to implement blockchain technology, but also omitted a promised payment of $ 4 million.
Highlights of the Turkish autumn Lira Crypto Interest In Turkey
In an article this week, Bloomberg writes about the currency crisis in Turkey caused by geopolitical factors, juxtaposing the relatively low volatility of Bitcoin in the country. According to data from Google Trends, the interest in Bitcoin increased significantly in Turkey in August, while local exchanges saw volumes increase by over 150% this week .
The investor quotes AT & T over the alleged loss of $ 24 million In Crypto Due Phone Hacks
A US investor has filed a $ 224 million lawsuit against the telecommunications giant AT & T for alleged negligence that claims caused the loss of $ 24 million in the crypt. The plaintiff, Michael Terpin, argues in the lawsuit that the money was stolen through a "digital identity theft" of his cell phone account. By claiming to be the victim of two hacks within seven months, Terpin refers to AT & T as allowing a hacker to acquire his phone number without a proper identification, which subsequently allows the importer to access the cryptographic properties of Terpin .
US federal court rejects remand against ripple motion
US District Court, Northern District of California, issued a motion to delay Ripple, its subsidiary XRP II, and Ripple Brad CEO Garlinghouse, in a class action lawsuit alleging that Ripple sold XRP tokens in violation of both the United States and the Securities Act and the California Corporations Code. According to court documents, the plaintiff did not prove whether the presence of a Securities securities issue was sufficient to prevent the defendant from removing an action under the Class Action Fairness Act .
Most Memorable Quotations
"We have seen six big bubbles, each one more epic than the previous one, and every bubble is amazing when it's happening, but when you look back they look like pimples on a chart" – Joseph Lubin, co-founder of Ethereum, ConsenSys [19659017]
" What AT & T did It was like ah otel giving a thief with a identity card fake a room key and a key to the room's safe to steal jewelry in the safe from the rightful owner "- lawsuit against AT & T by the & rsquo; investor Michael Terpin, who claims that the giant of t elecomunicazioni allowed hackers in his phone [19659014] Laws and fees "src =" https://s3.cointelegraph.com/storage/uploads/view/845718fa6e2ccf6b661c60feb25c42d0.jpg "title =" Laws and fees "/>
Laws and Taxes
European Parliament Works Regarding crowdfunding regulations covering ICOs
The European Parliament's Committee on Economic and Monetary Affairs is developing new crowdfunding regulations that could extend to some initial coin offerings ( ICO), possibly leading some international organizations to the new draft regulatory framework for crowdfunding. According to a report, draft crowdfunding rules may not be an answer for the ICO regulation, but they are at least a "much needed step."
Adoption
Swedish Crypto ETF" Alternative "now aimed at US investors
A Bitcoin (BTC) -based The exchange traded (ETN) quoted on the Nasdaq stock exchange in Stockholm is now aimed at US investors starting this week. This" soft "alternative ETF, which has been traded on the Swedish stock exchange since 2015, is now listed in dollars under the CXBTF ticker on Wednesday The addition of a dollar quote for Bitcoin Tracker One, which is still listed and technically traded in Sweden, is considered by many as a gateway for US investors.
US Square Cash App expands Crypto Trading to all 50 states
Mobile payment company S Quare & # 39; s Cash App has expanded its business to Bitcoin (BTC) in all 50 states in the United States. Square launched Bitcoin trading for the first time in November 2017 for a fraction of its users, with the start of almost all users in January, except for those in New York, Georgia, Hawaii and Wyoming. [19659006] The Japanese social messaging LINE created a $ 10 million blockchain fund
The Japanese messaging line LINE announced the creation of a $ 10 million blockchain fund as part of its expansion into the cryptocurrency market . The fund, which was launched through the subsidiary subsidiary based in Hong Kong, contains funds from the subsidiary LVC Corporation. The company commented in a press release that the token fund of the breakouts of the companies will expand in the future with the growth of the market .
US National Insurance Advisory presents the database based on Blockchain
The private insurance advice The American Association of Insurance Services (AAIS) has introduced its blockchain-based insurance database and reporting tool based on blockchain solution IBM enterprise, using Hyperledger Fabric. The platform, called Insurance Data Link (openIDL), intends to reduce "burdensome" statistical reporting processes in addition to reducing costs and data processing time for insurance companies
Mergers, acquisitions and partnerships
Bank Of China Partner with China UnionPay for payment systems Blockchain
The Bank of China (BOC) and the financial services company China UnionPay (CUP) have announced a partnership to examine the application of the blockchain for the development of payment systems. , the impulse to explore the blockchain came as an answer to the market demand: the two companies plan together to investigate the big data and the distribution of distributed ledger technology in order to improve mobile banking products . [1965] 9005] Ripple adds three cryptographic exchanges to products for the settlement of cross-border payments
Ripple has collaborated with Bittrex, Mexican Bitso and Philippine Coins.Philippe of cryptocurrency trading platforms PH in its initiative to build a "healthy" ecosystem of the exchange of digital goods. The partnership will allow Ripple's xRapid payment solution, a liquidity solution for Ripple's blockchain-based real-time gross settlement system, to moved between XRP and US dollars, Mexican pesos and Philippine pesos.
Fintech Startup MOU Protocol With the Central Bank of Curaçao, Sint Maarten
The fintech startup based in Barbados, Bitt Inc., has signed a Memorandum of Understanding (MOU) with the Central Bank of Curaçao and Sint Maarten (CBCS) to develop a digital currency of the central bank to facilitate financial payments . According to the announcement, the bank is trying to "reduce the level of cash use within the monetary union" and to facilitate more AML and KYC-compatible transactions between the islands.
Partner of the Jamaican stock exchange with the Canadian firm Fintech to add Crypto, Tokens
The Jamaica Stock Exchange (JSE) will work with the Canadian company of fintech Blockstation for facilitating the implementation of the digital currency and the token trading in the exchange . Prior to the negotiated deal, Blockstation completed beta testing in Jamaica with the participating institute and five broker members participated in a live seminar with representatives of local regulatory authorities
![Financing Round "src =" https: //s3.cointelegraph .com / storage / uploads / view / 08241ffee1905eadc57af8a98648b9ad.jpg "title =" Financing Round "/> </h2>
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Financing Round
Crypto Startup raises almost $ 23 million with the participation of Airbnb Co-Founder
The SFOX cryptocurrency trading platform has announced the closure of a round of financing of the $ 22.7 million series A with the participation of the Airbnb co-founder Nathan Blecharczyk, together with Y Combinator, Khosla Ventures, Digital Currency Group and Blockchain Capital.The A round of financing, led by the co-founder and partner at Tribe Capital and Social Capital, Arjun Sethi, has the goal to add pairs of cryptocurrencies, improve the liquidity of trade and expand into "new geographical areas".
Startup blockchain Axoxii earns $ 32 million with Goldman Sachs, VC Investors
blockchain startup business focused Axoni raised $ 32 million in a Series B financing round led by Goldman Sachs and Nyca Partners, with numerous other investors including Wells Fargo, JPMorgan, Citigroup and Andreessen Horowitz . The new investment brings Axoni's total funding to $ 55 million to date
Winners And Losers
The total market capitalization is about $ 213 billion after a week of ups and downs, with the bitcoin traded around $ 6,385 and Ethereum around $ 296.
The first three altcoin gainers of the week are WINCOIN, PetroDollar, TaTaTu. The three best losers of the week are InflationCoin, RabbitCoin, Niobium Coin.
For more information on cryptography prices, be sure to read Cointelegraph's market analysis.
FUD of the Week
US Regulator Increases Examination in Crypto Mining Firm Riot Blockchain
The United States Securities and Exchange Commission (SEC) has intensified its poll in the encryption company Blockchain Riot, a former biotech company that changed its name to contain the word "blockchain" last year. The quarterly earnings report this week reveals that 39; company received a letter from the SEC indicates that the agency had begun to focus on the registration declarations of Riot Blockchain, with the possibility of issuing an arrest order that prevented to exchange the shares of the company until the agency believes that the deficiencies have
GPU Manufacturere Nvidia sees a decline in the share price due to the decrease of Crypto Mining
The Nvidia shares of the producers of graphics processing units (GPUs) in the United States fell after announcing third quarter estimates, as company revenues were impacted by a decrease in encryption as cryptographic markets declined . Nvidia's shares fell more than five percent in the extended session. The company reported that the sales of mining crypts were significantly lower than expected in the second quarter, adding that does not plan to make significant blockchain sales for the remainder of the year.
The report shows more than $ 2.3 Million Stolen In Crypto Scams in the second quarter 2018
A recent report by the Russian anti-virus and information security company Kaspersky Labs states that in the second quarter of 2018, criminals computer scientists have stolen over 2.3 million dollars through various cryptographic scams. The report lists "encrypted gifts" as an example of the scams involved, as well as those with cybercriminals who appear as part of new ICO projects to raise money from potential investors.
Unhackable Encrypted Portfolio Sponsored by John McAfee Reportedly Hacked
A group of researchers would have hacked Bitfi's crypt portfolio, which Bitfi executive president, cyber security pioneer John McAfee, called "the first world's infallible device, "a sustained request with a $ 100,000 fee to breach the device. This week, several researchers wrote online that could successfully send signed transactions with the portfolio, claiming that they had met the conditions of the size program by modifying the device, connecting to the wallet server and transmitting sensitive data with [19659014] The best features “src =” https://s3.cointelegraph.com/storage/uploads/view/b2b908707e02d214b1974e828278c50e.jpg “title =” Miglior caratteristiche “/>
The best features
Artists Ai Weiwei and Kevin Abosch are using the blockchain to let us question what it is & # 39; WITHOUT PRICE & # 39;
Two artists address current human rights issues around the world using the Ethereum blockchain to illustrate their examples. According to Weiwei, blockchain "is not about technology, but the opportunity to create a new system that can dismantle the old system, or at least offer a new possibility of communication."
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