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Here is what happened on the scale of cryptocurrency this week:
Bitcoin crossed the $ 13k milestone. After which it drops back below $ 12k
Though there’s pretty much news to share, still the Bitcoin price roller-coaster remains the A-topic of the week.
“No, Facebook Libra will not really help the unbanked.”
Facebook’s stablecoin topic keeps the leading position among the recent crypto news. However, over time, as people investigate the topic more closely, many of them conclude that there are pretty much cons apart from the pros. A case in point, to use the new crypto one needs to have at least a messenger, or a facebook account, which in fact rejects the Mark Zuckerberg’s idea of using Libra by those who can’t keep their savings in banks. Read the Forbes article below to find out more nuances around this splashy story:
CZ Binance is Considering the Option of Libra Listing
The major Chinese cryptocurrency exchange is negotiating the opportunity of listing Facebook Global Coin, Libra. CZ CEO Binance stated that “currencies benefit from a secondary market, so it would be in their (Facebook) best interest to want to be listed.”
Let’s Go to Opera – the First iOS Browser with a Built-In Crypto Wallet
The major web browser Opera provided its iPhone users with a cryptocurrency wallet integrated directly inside the browser version for iOS.
According to the official statement “Opera Touch for iOS with Crypto Wallet, like the Opera browser for Android, supports the Ethereum Web3 API, making interacting with dApps seamless to the user without the need for browser extensions.”
All Global Crypto Exchanges Must Now Share Customer Data, FATF Rules
According to the new standards of the Financial Action Task Force (FATF), starting from June 2020, “virtual asset service providers” (VASPs), including crypto exchanges, are obliged to pass information about their customers to one another when transferring funds between firms… In simple terms, crypto businesses (read: crypto exchanges) that have access to their customer’s data (read: crypto hodlers), will have to share this data with beneficiary institutions. Will this bring the era of blockchain anonymity to an end? Read the full story and make a conclusion by yourself:
Indian Bitcoin-exchange Koinex announced the termination of exchange services
The decision was due to legal uncertainty in the country and problems with the support of banking services. On April 6, 2018, the Reserve Bank of India issued a circular instructing all regulated financial services entities to exit relationships with companies and individuals dealing in virtual currencies and block all such crypto-related transactions. Read Koinex official announcement in their Medium account via the link below:
LedgerX Cryptocurrency Platform Was Approved by CFTC to trade Bitcoin futures
Cryptocurrency asset management platform LedgerX has received approval from the US Commodity Futures Trading Commission (CFTC) to trade Bitcoin futures that are settled in the cryptocurrency:
Cybercriminals stole 9.3 million XRP and 2.5 million ADA from a hot wallet of the Bitrue Singapore Crypto Exchange
Crypto exchange Bitrue from Singapore got serious loses due to a major hack. Highlighting the numbers, the total losses were 9.3 million in XRP and 2.5 million in Cardano (ADA). The official statement from the exchange was published in Bitrue official Twitter on June 26: