The Weekly Crypto Roundup 07/23/2018–07/29/2018

Regulation is still at the forefront of industry news.

  • Vietnam’s State Securities Commission bans companies from engaging in cryptocurrency operations.
  • FINMA comes after Envion AG for potential violations with respect to ICO procedures.
  • The SEC rejects the Winklevoss Bitcoin ETF proposal.
  • SEC will delay making decisions regarding several ETF applications until September.
  • The percentage of Class Action Filings is growing, according to Cornerstone Research.
  • The Japan Virtual Currency Exchange Association will consider implementing self-imposed trading limits to protect traders.
  • Google bans cryptocurrency miners from its Play Store.

Governments organizations are starting to do more than just regulate.

  • Catalonia may implement blockchain in public administration.
  • Iran is developing its own cryptocurrency to help circumvent US sanctions.
  • Bank of England is looking for a modernized Real-Time Gross Settlement to be able to work with blockchain business.
  • Bank of Canada’s S. Mohammad R. Davoodalhosseini publishes a working paper examining the effects of introducing Central Bank Digital Currency into the economy.
  • BRICS banks will collaborate on blockchain research.

Financial institutions are cautious about getting involved in the market.

  • Nasdaq holds a closed-doors meeting with representatives of traditional and crypto industries.
  • CME does not plan to expand its crypto-offering in the near future.
  • The Thai Bond Market Association will use blockchain to speed up bond issuance.
  • US market remains largely distant towards Bitcoin according to the Wells Fargo/Gallup Investor and Retirement Optimism Index survey.

Hacking attacks remain a major threat to companies in the space.

  • Hackers temporarily take control of Waves’ main and exchange websites to phish for user information.
  • KICKICO suffers a $7.7 million hack, but promises to return stolen tokens.
  • Kaspersky Lab finds that PowerGhost, a new mining malware, is being used on corporate targets.

Established companies look to blockchain for a boost.

  • Tianya Club will create a blockchain-based token to boost its platform.
  • The Spanish Society of Authors and Publishers and the Madrid School of Telecommunications Engineering will jointly research blockchain applications for copyright management.
  • Heffel will be using the Codex Protocol for art provenance and enabling cryptocurrency payments.

Users continue to get more tools to interact with the market.

  • APEX releases its mobile wallet supporting NEP-5 tokens.
  • Telegram releases Telegram Passport, and it is already supported by ePayments.
  • Voayger plans to roll-out a no-fee exchange with at 15+ cryptocurrencies.
  • South Korean KT Corporation unveils KT Network Blockchain, expecting it to scale to 100,000 TPS by 2019.

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