The SEC can reverse the waste from BTC's ETF, while India and China collide with Crypto Scammers

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, the main currencies, the forecasts and much more – a week on Cointelegraph in a single link.

Main stories of this week [19659005] Reject SEC-Then the application of the Bitcoin ETF 9 will be examined

The US Securities and Exchange Commission (SEC) rejected a total of nine applications to list and negotiate various ETFs ( Bitcoin) negotiated by ProShares, Direxion and GraniteShares.However, the SEC then noted that it will examine its decision, which was based on the statement that the products did not comply with the requirements under the "Trade Act" Section 6 (b) (5), in particular the requirement that national securities exchange rules are designed to prevent fraudulent and manipulative acts and practices. "

The clean energy researcher states that the energy consumption of bitcoin is not so bad

A clean energy expert wrote an article explaining why she thinks that Bitcoin's high energy consumption does not It is as bad as it is often proved.In his article, Katrina Kelly, a strategist manager at the Center for Energy of the University of Pittsburgh, writes that we need to move the debate on the extraction of distant Bitcoin. from the focus on energy intensity instead on where energy is produced and how it is generated Kelly notes that although the BTC mining consumed 30 terawatt hours in 2017, the banking activity continues to consume about 100 terawatts of energy each year.

Chinese police arrest hackers allegedly steal $ 87.3 million in Crypto

Police in China arrested three "highly experienced hackers suspected of ru coffers up to 600 million yuan (about $ 87.3 million) in the crypt. At the end of March, an individual with the surname Zhang filed a complaint to the local police in the northwestern city of Xi'an, claiming that his computer had been hacked and BTC, ETH and other cryptographic properties that were worth up to 14.5 million dollars stolen. The police hypothesize that the suspects used a remote attack to transfer funds from Zhang's computer without leaving a trace, in what is reportedly considered a "rare case".

Indian man arrested for alleged promotion of Bitconnect Investment Scam

Indian police arrested a man who was allegedly involved in promoting the Bitconnect investment scam. Reportedly, the suspect is Bitconnect's India chief, the high-yield investment program that stopped operating in January 2018 after being screened to look like a fraudulent Ponzi scheme. According to a recently published Freedom of Information Report (FIR), this is the third case study in India associated with Bitconnect . Local Bitconnect promoters would have escaped with 1.14 crore (11.4 million) Bitcoin rupees from an investor.

Analysis shows that the use of cash in bitcoins in trade decreased

A review of payments received since the 17 largest encryption in the world exchanges have shown that the use of Bitcoin Cash (BCH) in the trade decreased, according to the data of the analysis company of blockchain Chainanalysis. They found that BCH payments fell to $ 3.7 million in May from $ 10.5 million in March while the Bitcoin payments volume (BTC) was estimated at $ 60 million in May, in decline from a maximum of $ 412 million in September. Chainalysis also noted that between 10,000 and 100,000 BCHs are held only by two portfolios.

"It could be a stunt, but a stunt that's working, but the question is: work for whom? President Nicolas Maduro and his cohorts? Or the people of Venezuela? Unfortunately, it's more likely to be the first , "- Dickie Armor, CCO of Corre Innovation

" I am very involved, very soon, my first time in a blockchain society […] Our approach is not like a new one currency, or something fake in which an event will make it go up in value.It's a share of shares in a company "- Steve Wozniak, cofounder of Apple

The US Commodity Trade Commission (CFTC) won a court order to permanently block the operator of the CabbageTech Corp. of New York for "daring and vicious fraud related to cryptocurrency". At the start of this year, Pat rick McDonnell, cryptocurrency promoter and operator of CabbageTech Corp., was accused of "fraud and embezzlement in relation to purchases and trade in Bitcoin (BTC) and Litecoin (LTC). " A New York judge has now ruled that McDonnell must pay $ 290,429 in restitution and $ 871,287 in penalties

Four US cryptocurrency exchanges create a self-regulating organization

Gemini, Bitstamp, Bittrex and bitFlyer USA have created a self-regulatory organization for digital goods such as cryptocurrencies. The new group, dubbed "Virtual Commodity Association Working Group," aims to help large-scale investors feel more comfortable with the crypto market, to develop industry standards, and "to be a precursor of the formation of a self-regulation organization for digital products like Bitcoin and Ethereum. "

Adoption

The World Bank, Commonwealth Bank of Australia issues public bonds on Blockchain

The World Bank and the Commonwealth Bank of Australia (CBA), the country's largest bank, issued a public bond exclusively through blockchain technology According to the CBA, the $ 100 million deal ($ 73.16 million) it provides for two-year bonds that will be settled on August 28 and have been priced to obtain a return of 2,251%. The World Bank's official mandate for the project had been fi On 10 August

the Liechtenstein Union Bank AG issued a security token, Crypto backed by Fiat

Union Bank AG of Liechenstein announced this week that was issuing its own security tokens and internal cryptocurrency supported by fiat. The bank, which has increasingly focused on this year's blockchain, has stated that the issuance of the so-called "Union Bank Payment Coin (UBPC)" was a further step towards the creation of a "full-service" blockchain investment bank ". The bank noted that UBPC will act as a stable currency and will have fiat currencies like the Swiss franc to support it.

United States Customs and Border Protectio Agency to test the Blockchain shipping system

The US agency Customs and Border Protection (CBP) will start a live test of a blockchain-based ship tracking system, combining the legacy application of the CPB and a blockchain platform developed by the parent body of the agency – and the country's main border control organization – the Department of Homeland Security (DHS). During the tests, the agency intends to establish standards of interaction between different blockchains in order to ensure that all companies and software are easily connected to customs without the need for further customization, in addition to seeing how the blockchain can improve the verification of the certificates of origin.

Mergers, acquisitions and partnerships

Pornhub and Startup PumaPay Partners for Crypto Payments

Web site for streaming adult content Pornhub collaborated with PumaPay for payment crypto and billing to allow its users to pay in cryptocurrencies. Pornhub now accepts PumaPay, with its "unique" pull payment protocol that will allow users to automatically pay for their subscriptions, including PornHub P

Singapore Central Bank collaborates with Deloitte, Nasdaq for the settlement of digital resources

The factual central bank of Singapore has signed an agreement with several large-name entities including Singapore Exchange (SGX), Anquan, Deloitte and Nasdaq to lighten the assets of digital assets. Together, the parties will create "Delivery against payment (DvP) … capacity for the regulation of resources with tokens through different blockchain platforms" with the last three as technical partners.

Partner of Shanghai Stock Exchange With the Insurance Association for Blockchain

The Shanghai Stock Exchange (SSE) and the Insurance Asset Management Association of China (IAMAC) have decided to work together to improve the insurance and social security industries with use of blockchain technology. The SSE, the fourth largest stock exchange in the world, has been joined by several major players in the insurance industry, including IAMAC, Changjiang Pension Insurance Company, Tokyo Maritime Sunshine and others in order to create a "new" , high efficiency, low-cost and safer insurance sector "through the use of blockchain technology.

Chinese electric bus giants operate with blockchain technology company

Seven Stars Cloud Group (SSC) technology company has partnered with China's largest electric bus operator, National Transportation Capacity Co Ltd ( NTS), to provide financial services using blockchain technology. The partnership will last three years and was worth 24 billion dollars. According to the press release, SCC will provide "fixed income financing products" through its regulated network which in turn will provide NTS blockchain financial products that comply with the regulations.

Seven Premier Soccer Club signs an advertising agreement on BTC with eToro

The UK-based trading platform eToro has signed an advertising agreement with seven Premier League clubs paid in Bitcoin for the first time, according to various sources . The UK football teams involved are Tottenham Hotspur, Brighton & Hove Albion, Crystal Palace, Cardiff City, Leicester City Football Club, Newcastle United and Southampton. The integration of Blockchain and cryptocurrency into football stadiums and industry will also be a point of reference for partnerships eToro so far does not provide details on the nature of exploration.

Round of funding

Japan SBI Holdings invests in Crypto Exchange LastRoots difficulty [19659006IlcolossogiapponesedeiservizifinanziariSBIHoldingshaannunciatoquestasettimanadiavereffettuatounsecondoinvestimentoimportonondivulgabileinLastRootsloscambiodicriptovaluteinbancarottacheavevaoriginariamenteinvestitoinLastRootcheèunodegliscambiselezionatidairegolatoriperilmiglioramentodopoi530milionididollaridiCoincheckhacknelgennaiodiquest'annoadicembre2017Questoinvestimento is intended to help LastRoot to make the changes necessary to comply to the regulatory guidelines as SBI will send its e xecutives to align practices and align the platform with regulation