BitDigest September 8 · Issue #737

Sep 8, 2020
  • Crypto prices slide 6% over long weekend but bitcoin showing support at $10,000
  • Australia’s Senate confirms plan to roll out a National Blockchain Roadmap
  • Ransomeware attacks shut down border crossing and banks in South America
BitDigest September 8 · Issue #737

Crypto Fear and Greed Index
Investor sentiment across digital currencies turned bearish this week as the Fear & Greed Index for bitcoin and other large cryptocurrencies dropped 34 points – the largest drop in a year and second largest drop on record – as the market cap of digital currencies fell 16.7% over the past 7-days.

BitDigest September 8 · Issue #737

The Headlines

BitDigest September 8 · Issue #737

Australia Developing National Blockchain Roadmap

www.parlinfo.aph.gov.au
Australia’s upper house of Parliament has issued an interim report on Financial and Regulatory Technology confirming that a National Blockchain Roadmap is being developed to highlight opportunities to use the technology across the entire economy and examine key issues such as regulation and standards.
BitDigest September 8 · Issue #737

Ransomeware Attack Temporarily Closes Argentina's Borders

www.bleepingcomputer.com
Argentina’s immigration agency, the National Directorate of Migration suffered a ransomware attack demanding 355 bitcoin ($4 million at that time) and temporarily halted border crossing into and out of the country for a period of four hours.
BitDigest September 8 · Issue #737

Chile Issues Security Alert in Response to Banco Estado Cyber Attack

www.zdnet.com
Chile’s government has sent out a nationwide cyber-security alert following a ransomware attack on Banco Estado, one of country’s three largest banks, that had to temporarily close all of its branches on Monday in response to an ongoing ransomware incident.
BitDigest September 8 · Issue #737

South Korea Warns People to Avoid Crypto Meetups

www.cryptonews.com
The Government of South Korean issued a warning for the public to avoid attending crypto-themed meetups amid escalating coronavirus fears adding that people should also be aware of the potential fraud risks at these gatherings.
BitDigest September 8 · Issue #737

South Korean Agency Developing Blockchain Employee-Rewards System

www.cointelegraph.com
South Korea’s Internet and Security Agency plans to issue a mobile operated blockchain-powered employee ID system that will issue tokens to reward employees enabling them to purchase snacks, beverages, and even office supplies.
BitDigest September 8 · Issue #737

Vale Completes First Blockchain-based Sale

www.saladeimprensa.vale.com
Brazilian metals and mining corporation Vale announced its first iron ore sale using blockchain technology by arranging a letter of credit and bill of lading through a single ledger platform.
BitDigest September 8 · Issue #737

Tech Mahindra Building Blockchain Solutions with AWS

www.economictimes.indiatimes.com
Indian tech giant Tech Mahindra announced it is working with Amazon Web Services (AWS) to build blockchain solutions targeting the aviation, telecom and healthcare sectors for its global customer base.
BitDigest September 8 · Issue #737

Mode Looking to Go Public

www.coindesk.com
Mode Banking a bitcoin banking platform, is expected to announce plans for a £40 million stock market listing on the London Stock Exchange sometime in the next month.
BitDigest September 8 · Issue #737

Blockchain Voting App Wants Permission to be Required When Researching Security Flaws

www.decrypt.co
Voatz, a blockchain voting technology company, filed an amicus brief to the US Supreme Court arguing that third-party researchers should not be allowed to complete independent security analysis to identify security flaws without the permission of the company being researched.

Exchange, Custody and Product News

BitDigest September 8 · Issue #737

Circle Adds Payment in Local Currencies

www.circle.com
USDC issuer Circle announced that business using the payment companies API will now be able to send payments in local currencies, not just digital dollars.
BitDigest September 8 · Issue #737

Ziglu Launches P2P Fiat and Crypto Payments

www.cryptoglobe.com
Ziglu is launching an in-app peer-to-peer payments system for all currencies supported by the mobile platform, but while the company is authorized by the UK’s Financial Conduct Authority, the company explained that “cryptoassets and cryptoasset services provided by Ziglu are not regulated by the FCA and do not have the same regulatory protections as e-money/payments services.”

Reports you may have missed

After significantly outperforming equities leading up to its halving event on Friday, BTC 0.69%  continued its upward trend over the weekend, now trading just below $66k. ETH 1.60%  has generally followed suit, although continuing to lag behind BTC, with its current price around $3200. SOL 2.83% , meanwhile, has continued its strong rebound from the recent price slide, reaching $156 yesterday, currently trading slightly below that level. The crypto market is broadly performing well...

Happy Halving Day to all. It has been another volatile 24 hours for crypto markets, with war-related headlines sending risk assets lower overnight. BTC 0.69%  briefly dipped below the $60k mark but has since recouped all its losses and is now trading above $64k. ETH 1.60%  followed BTC's initial drop, trading below $2900 last night, but it has now rebounded to above $3000. SOL 2.83%  has shown remarkable resilience amid the turmoil, now...

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 1/1

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

Already have an account? Sign In