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BitDigest July 27 · Issue #708

Jul 27, 2020
Author
Gregory Landegger
Gregory Landegger
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  • Bitcoin (BTC) breaks $10k postings two-month high and ether (ETH) posts 12-month high as crypto market cap jumps 7.3% since Friday morning
  • DC Court defines bitcoin as money under Money Transmitter Act
  • Ukraine to begin tracking crypto transactions
BitDigest July 27 · Issue #708

The Headlines

BitDigest July 27 · Issue #708

Bitcoin Defined as Money Under DC's MTA

www.bloomberglaw.com
A Washington DC district court ruled that bitcoin is money under the Money Transmitter Act (MTA) in a case arguing that a dark web bitcoin laundering service violated federal laws.
BitDigest July 27 · Issue #708

Ukraine to Track Domestic Crypto Transactions

www.cointelegraph.com
The government of the Ukraine announced plans to begin tracking crypto transaction to identify illicit transactions using Bitfury’s crypto analytics platform Crystal
BitDigest July 27 · Issue #708

Malaysia Developing Regulatory Framework for Digital Asset Wallet Providers

www.sc.com.my
The Malaysian Security Commission is seeking feedback on a regulatory framework for digital asset wallet providers as a component of the government’s Guidelines on Digital Assets.
BitDigest July 27 · Issue #708

Bitmain Co-Founder Illegally Transfers 10,000 Mining Rigs

www.news.bitcoin.com
In the ongoing corporate battle at Bitmain, co-founder Jihan Wu is being accused of illegally transferring 10,000 bitcoin mining rigs from a Bitmain facility in Mongolia.
BitDigest July 27 · Issue #708

Coinbase has 35 million User Accounts

www.static-assets.coinbase.com
In a 6-month update on institutional services, Coinbase announced it traded the assets of 35 million retail and institutional users during the first half of the year.
BitDigest July 27 · Issue #708

85% of Italian Banks Using Corda

www.coindesk.com
The Italian Banking Association says that 85% of Italian Banks are using R3’s enterprise-blockchain Corda to share interbank transfer data
BitDigest July 27 · Issue #708

Twitch Offers 10% Discount for Users Paying in Crypto

www.unbounce.bitpay.com
Amazon owned live-streaming service Twitch announce a 10% discount for users who subscribe to streamer feeds and pay with cryptocurrencies.
BitDigest July 27 · Issue #708

NFT Sells for $55k on Gemini Marketplace

www.twitter.com
Gemini NFT marketplace, Nifty Gateway sold a NFT titled Picasso’s Bull by artist Trevor Jones for $55,555.55 in auction last week.

Exchange, Custody and Product News

BitDigest July 27 · Issue #708

Ripple Launches Beta for Payburner

www.mobile.twitter.com
Ripple announce the beta for Payburner, its peer-to-peer payments platform, is now live.
BitDigest July 27 · Issue #708

Poloniex Adds Decentr and Presidential Betting Token

www.support.poloniex.com
Poloniex has added trading support for Decentr (DEC), a DeFi platform to collect and secure user data. The US-based exchange also announced it was adding ERC-20 assets allowing users to bet on the Presidential election.

Thoughts on the Ecosystem

BitDigest July 27 · Issue #708

Brandt Does Not See Crypto Included in Global SDR Basket

www.u.today
Commodity trader Peter Brandy is predicting that the world could actually adopt a “formulaic “SDR” global reserve unit consisting of USD, JPY, CNH, EUR, CAD, AUD, GBP, Gold, Silver, [and] Crude Oil,” but he does “NOT” believe bitcoin or any other digital currencies will be part of the basket.
BitDigest July 27 · Issue #708

Kasparov Sees Benefit in Personal Control of Crypto

www.forbes.com
Former world chess champion Gary Kasparov see “many upsides of cryptocurrencies… because it allows for more personal control for individuals at a time where more and more of elements of our lives are controlled either by the state, corporations or outside parties that may somehow have a clandestine agenda.”

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CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH 1.01% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC 1.40% to Bitstamp, leaving about 90k BTC 1.40% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC 1.40% is trading around $66.5k,...

AVAX 2.47% BTC 1.40% ETH 1.01% ETHBTC ETHE N/A% GBTC +4.88% GOOGL -0.17% SOL 3.52% TSLA -0.12% V +2.1%

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