Changelly Weekly Report (11.08 – 18.08)

Latest Crypto news from Changelly

Hey there, Changellions! Another crypto week has passed, thus we’re here with top news from the world of blockchain and cryptocurrencies. Let’s get straight to business:

EU Visa Debit Card Allows to Pay with Stablecoins

Now that is what we call mass adoption. Monolith, the alternative banking platform based on Ethereum allows all holders of Visa debit cards to pay with Dai stablecoin in any places that receive Visa. Read the full story below:

Counting Days Till Binance US Launch

The leading crypto exchange keeps on reinforcing its position on the global crypto arena. This time the leading crypto exchange is opening its division in the US. According to Changpeng Zhao, CEO Binance, the launch is expected in two months. However, initially, the service won’t be available in New York.

New Zealand Legitimized Salaries in Crypto

Another story of cryptocurrency mass adoption from New Zealand. Now employers can pay salaries in cryptocurrency. The new ruling released by The New Zealand Inland Revenue Department is expected to be applied on September 1st.

CEO Changelly Eric Benz Analyses the Libra Case

Eric Benz gives an outside perspective of Libra cryptocurrency. Read the op-ed below to unveil the major challenges Facebook’s digital currency will have to face.

https://dailyhodl.com/2019/08/12/libra-will-face-a-lot-more-challenges-than-any-existing-cryptocurrency/

Overtaking Libra: China is Issuing a National Cryptocurrency

While Libra cryptocurrency still can’t move from discussions to action because of the regulators abandoning, China’s central bank is about to issue the first national digital currency. According to Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China (PBOC), the currency has been developing since 2014 and now it is said to be ready.

Sun Network V 1.0 Scalability Solution is Live Now

Tron foundation CEO Justin Sun took to Twitter to announce the launch of the Sun Network’s V 1.0 scalability solution. Built to expand the capacity of Tron mainnet, Sun Network will also incorporate multiple scaling projects like the DAppChain, smart contract optimized application side-chain and cross-chain communications.

Tether Mafia is Controlling Around 80% of USDT Total Supply

Critics of cryptocurrency have long accused the industry of collusion. And a recent article from Bloomberg, about the “Tether Mafia” controlling the supply, has done little to allay these fears. According to Coin Metrics, there are 318 addresses with a Tether holding of $1 million or more. And in total, these accounts make up $3.3 billion, or 80%, of the total Tether supply. Read the full story below:

Samsung Adds Support for BTC to its Blockchain Keystore

South Korean electronics giant Samsung has added support for Bitcoin in its Dapps store. For now the support, however, is limited to six devices – Galaxy S10e, S10, S10+, S10 5G, Note10, and the Note10+, and is restricted to seven countries – Canada, Germany, South Korea, Spain, Switzerland, the U.S., and the U.K.

Crypto Ban in India is Said to be Illegal

Indian crypto community is upset about the government’s decision on banning cryptocurrency. Their disappointment is fair enough: according to a hearing on cryptocurrencies in the Indian Supreme Court “RBI’s involvement to restrict banks dealing with crypto during April 2018 was illegal.”

Akon to Perform his Cryptocurrency on Blockchain Summit in Malta

Are you planning to visit Blockchain Summit that will take place in Malta this November? Here is another reason for saying yes: Akon is going there to give a speech about his virtual currency project with a native coin called Akoin. Along with a new digital currency, there is expected to be a digital wallet with an integrated ecosystem of decentralized applications (DApps).

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