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Home BitDigest September 1 · Issue #733
BitDigest September 1 · Issue #733
September 1, 2020
Gregory Landegger AUTHOR OF BITDIGEST, DAILY CRYPTO NEWSLETTER
September 1 · Issue #733
Bitcoin starts new month looking to retest $12,000 as ether eyes break to $500 South Korea looking to develop pilot architecture for CBDC Russia wants operating details on all crypto mines and data centers across the country Crypto Fear and Greed Index
The Fear & Greed Index for bitcoin and other large cryptocurrencies held steady this week at 75 as investor sentiment remained unchanged as pricing for the leading digital currencies was basically flat. Expect sentiment to improve as cryptocurrencies begin testing new highs.
The Headlines
Bank of Korea to Select Domestic Technology Provider for CBDC Pilot
WWW.KOREATIMES.CO.KR The Bank of Korea plans to unveil details for a consulting partnership with a domestic country to help establish the applications, data management and security needed for its forthcoming central bank digital currency pilot.
Russia Seeking Details on All Data Centers and Crypto Mining Operations
WWW.COINDESK.COM
Russia’s Ministry of Communication and Media has proposed a bill that would require all domestically-based data center – including digital currency miners – to report operational data including information about the computing capacity of such a facility, how the data is stored, which services the center provides and at what cost the facility is operating to the ministry’s supervising agency
North Koreans Moving Bitcoin
WWW.U.TODAY Bitcoin held in one of 280 North Korean controlled hacker wallets that the US Department of Justice is attempting to seize has been moved to an unknown wallet at Singapore based Huobi exchange.
Chechen Leader Does Not Support Crypto Investments
WWW.COINTELEGRAPH.COM Chechen leader Ramzan Kadyrov appears to be following in Russia’s footsteps after criticizing the media for promoting bitcoin ‘fever’ by promising ‘incredible profits’ to investors in the digital asset class.
OPEC to Discuss Blockchain
WWW.OPEC.ORG The Organization of Petroleum Exporting Countries (OPEC) plans to discuss the impact blockchain technology on its supply chains at its next Workshop on Energy and Information Technology on September 21st.
CipherTrace Develops Monero Tracking Tools for Homeland Security
WWW.CIPHERTRACE.COM Blockchain analytics firm CipherTrace has developed forensic tools for the US Department of Homeland Security to track transactions on di cult-to-trace privacy coin monero (XMR).
NASA Exploring Use of Blockchain Technology
WWW.DAILYHODL.COM The National Aeronautics and Space Administration (NASA) is looking to use blockchain technology to record an inventory of established communication paths based on spacecraft-published connection state changes enabling the spacecraft system to bypass interruptions in communications.
Canaan Reports Weaker Q2 Sales
WWW.INVESTOR.CANAAN-CREATIVE.COM Chinese crypto mining equipment manufacturer Canaan (NASDAQ: CAN) announced second quarter revenues of $25 million, a decrease in year-over-year revenues of 26% due to a 1.6 million Thash/s decrease in computer power sold; net losses in the period narrowed to $2.4 million.
Swipe Launching USD Checking Accounts
WWW.MEDIUM.COM Binance’s multi-asset wallet and Visa debit card Swipe announced plans to introduce a FDIC insured USD checking account allowing users to direct-deposit paychecks and access it via the mobile app.
Gemini and Binance USD Stablecoins Being Added as Collateral to Maker
WWW.DECRYPT.CO
Maker DAO users voted to add the Gemini and Binance based stablecoins, GUSD and BUSD, as collateral to the Maker protocol to generate DAI stablecoins.
Tezos' Class Action Lawsuit Concluded
WWW.COINTELEGRAPH.COM The class action lawsuit related to Tezos’ 2017 initial coin o ering has been approved by the presiding judge providing eligible parties with a share in the $25 million settlement. Exchange, Custody and Product News
Coinbase Makes Changes to Board
WWW.BLOG.COINBASE.COM Coinbase announced a change to its Board of Directors adding Andreessen Horowitz co-founder Marc Andreessen as an Observer and Gokul Rajaram, an executive at DoorDash to serve on the Board seat designated by the DFJ Growth Fund.
BitMEX Introduces Mobile App
WWW.BLOG.BITMEX.COM Seychelles-based digital currency exchange BitMEX has released a mobile app providing users with tools to manage all critical account features for Apple and Android users across 140 countries worldwide.
Huobi to Launch Bitcoin Options
WWW.PRESSAT.CO.UK Huobi Group will begin to o er bitcoin option trading today o ering a derivative product that gives users the right, but not the obligation, to buy or sell BTC at an agreed upon price and date
BitDigest is a weekday news update on digital currencies and blockchain technology distributed by Parsons & Whittemore, a single-family o ce based in Rye Brook, New York. It is being distributed to subscribers of FSInsight Digital Assets under agreement with the Author. The commentary, analysis, opinions and recommendations in this newsletter represent the personal and subjective views of the Author, and are subject to change at anytime without notice. The information provided in this newsletter is obtained from sources which the Author believes to be reliable. However, the Author has not independently verified or otherwise investigated all such information. Neither the Author, FSInsight nor any of their respective a liates make any guarantee or other promise as to any results that may be obtained from reading this newsletter. While past performance may be analyzed in this newsletter, past performance should not be considered indicative of future performance. No reader should make any investment decision without first consulting his or her own financial advisor and conducting his or her own research and due diligence. BitDigest is not making a solicitation or o er to buy or sell any securities of any kind.
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