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Crypto Space Over The Past Week From 9 To 15 Of July, 2018

privacy hack

At the end of the week, we resume everything that the cryptocommunity talked about over the past seven days. This week unknown fraudsters hacked Bancor platform, Cboe applied for licensing of bitcoin ETF, and the owner of launched the largest node of the Lightning Network.

Top News

U.S. Securities and Exchange Commission (SEC) got application from the Chicago Stock Exchange (Cboe) for a bitcoin ETF license. According to the documents Cboe intends to include bitcoins in the listing and trade them through the asset management company VanEck and the SolidX. Each share will cost 25 bitcoins.

The decentralized cryptocurrency platform Bancor suspended work on Monday, July 9, in connection with the internal investigation of the "security breach". Later it turned out that the platform was stolen tokens BNT (which the platform could freeze), as well as about 25,000 ETH ($ 12.5 million) and 300,000 Pundi X (NPXS) ($ 1 million).

Coinbase announced in its blog that it is considering listing the following assets: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). The company emphasizes that these assets will require further research, so Coinbase can not guarantee their addition in the future.

Now Bitcoin blocks operates more than 1 MB limit that existed before the Segregated Witness update (SegWit), and the hashrate reached 40 EH/s this month.

Investments and business

Binance will help to open Founders Bank which owners will be cryptocurrency investors on Malta. The exchange will own a 5% stake of new bank, which is previously estimated at 133 million euros ($155 million). At the same time the Maltese company Palladium announced the beginning of the first-ever completely adjustable primary offer of convertible coins (Initial Convertible Coin Offering, ICCO).

The Swiss platform TokenPay announced a strategic partnership with the Litecoin Foundation, an organization behind the Litecoin cryptocurrency. The partners intend to acquire a German bank WEG. Both companies own equal parts of the bank, in the amount of 19.8%, and they have a chance to eventually acquire up to 90% if the regulator receives the appropriate permission.

South Korean company Nexon (online games manufacturers) allegedly bought Bitstamp. At the disposal of CoinDesk were official documents Nexon Group, a subsidiary of NXC. From them it follows that the transaction took place.

Cryptocurrency industry continues to attract top management from large companies. The Gemini Exchange invited Robert Cornish, former chief specialist of the New York Stock Exchange; Ripple hired Kahin Van Dyke, who served as director of financial services and payment services for Facebook, and Tether took over Leonard Riel, who previously worked for the Bank of Montreal.


In the new version of the Opera browser, in which Bitmain recently invested $ 50 million, there will be a cryptocurrency wallet. The newest version of the browser for Android will also receive a built-in integration option with the "ether" Web3 API. Due to this, there may be an environment in which decentralized applications based on the ethereum will be fully available.

HTC will release its own "blockchain phone" until the end of the third quarter. Its cost will be comparable to the price of Finney's blockchain phone ($ 1000), a teaser that Sirin Labs recently published.

The popular MyEtherWallet (MEW) wallet for the second time since the beginning of the year has been exposed to a dangerous vulnerability after the VPN service was hacked.

Augur, announced as the world's first platform for market forecasts on the ethereum, launched its network, but the market effect of this came to naught in a few hours.

Ledger announced a long-awaited wallet software. Ledger Live is available as a single application that does not require the use of a browser. Representatives of the company said that starting from August of this year on the first Tuesday of each month they will add support for new cryptocurrency assets. Thus, by the end of 2019, Ledger will support more than 100 cryptocurrencies.

The messenger Kik announced that it will allocate up to $ 3 million in fiat and cryptocurrency to developers who will have to create up to 25 trading platforms using only Kin. Developers can earn up to $ 115,000 on condition that they take part in three key stages of creating their own application by April 2019.


In an interview with John Evans during the TechCrunch Sessions: Blockchain, which took place last week in the Swiss Zug, Ethereum creator, Vitalik Buterin, expressed the hope that the centralized exchanges would burn in hell.  Buterin's words were commented by the head of Binance Changpeng Zhao. He has noted that fiatny currencies have considerably affected the decentralized analog. According to Zhao if not fiatny currencies and the centralized exchanges, then digital coins would have much smaller liquidity, and scales of the industry would remain much more modest.

Julian Hospe, president and co-founder specializing in cryptocurrency wallets and TenX startup cards, said that in order for bitcoin to reach $ 60,000, a "significant positive event" is necessary. Such an event, according to him, may be the appearance of bitcoin ETF or "extremely positive" official statement of the authorities in any country.

Independent investor Jeffrey Wernick in an interview with Business Insider explained why he began investing in cryptocurrency in the early stages of its formation.