Сurrent Market state The top 20 cryptocurrencies are reporting mixed movements on the day while Bitcoin’s (BTC) price hovers over the $10,300 mark during the last week. The total capitalization of all digital assets in circulation stayed around $267B. Bitcoin price is struggling to gain momentum above the $10,400 and $10,500 resistances. Bitcoin has retreated to trade below $10,300 to date. The major cryptocurrency is down around 0.5% Ethereum, the second-largest digital asset is down around 0.7% to trade at $179 at press time, while still holding almost 3% over a 7-day period Ripple’s XRP, the third top cryptocurrency by market cap, is one of the few top-20 coins in the green today, up by about 0.5% over the last days of the week. The altcoin is trading at $0.25, still down around 0.2% over the past 7 days. Facebook’s crypto launching in H2 2020, says Libra Association chief The head of the not-for-profit driving Facebook’s Libra digital currency has said he is confident that seemingly endless regulatory difficulties can be ironed out. Bertrand Perez’s comments came on Thursday — the same day French Finance Minister Bruno Le Maire warned “we cannot authorize the development of Libra on European soil.” He fears that the stablecoin puts monetary sovereignty of European Union nations at risk, with American lawmakers equally concerned that Libra could undermine the U.S. dollar. Another bone of contention lies in how the Libra Association is set to be headquartered in Switzerland. This prompted the Swiss Financial Market Supervisory Authority to stress it is open to international cooperation and oversight regarding how it regulates the network. Bitcoin hash rate to hit a milestone 100 quintillion for the first time There was feverish excitement in some quarters of the Bitcoin (BTC) community this week, with the world’s dominant cryptocurrency irresistibly close to breaking hash rate records. Data suggested that BTC was heading for 100 quintillion hashes per second for the first time in history. This metric refers to overall levels of computing power involved in processing Bitcoin transactions — with greater levels of power meaning the network is more secure and profitable. OKEx delisting Monero, Dash, Privacy-Cryptos over FATF demands The South Korean arm of cryptocurrency exchange OKEx is removing support for five major altcoins due to new international regulations. FATF rules halt privacy coins trading. OKEx’s Korea unit will halt trading of Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on Oct. 10. The reason, says the exchange, is that as since they are focused on privacy, the coins fall foul of new guidelines set out by the intergovernmental body the Financial Action Task Force, or FATF. Philippine Police raid alleged cryptocurrency scam, arrest 277 Philippine police have reportedly raided the offices of an alleged cryptocurrency scam that was targeting investors in China. agents from the Bureau of Immigration, the Presidential Anti-Corruption Commission and the National Police’s Integrity Monitoring and Enforcement Group raided the offices of Grapefruit Services Inc. in Pasig City on Sept. 11. Authorities reportedly received a tip from the Chinese Embassy, which claimed that the firm had already defrauded thousands of investors in mainland China. Immigration Commissioner Jaime Morente said that the Chinese government cancelled the passports of all the employees, which made them illegal workers in the Philippines. Laws & Compliance custody Coinbase Pro to add support for DASH trading United States-based major cryptocurrency exchange Coinbase announced that its professional trading platform Coinbase Pro will launch support for DASH token next week. Coinbase Pro will start accepting DASH deposits starting Monday “for at least 12 hours prior to enabling full trading.”. DASH is a cryptocurrency optimized for payments with optional speed and privacy features, the trading platform will not support them “at this time.” The exchange also claims that DASH is accepted by over 4,000 merchants worldwide. Germany’s largest bank joins JPMorgan’s blockchain network Germany’s largest bank, , has joined JPMorgan’s blockchain- based network, the Interbank Information Network (IIN). he JPMorgan-led blockchain initiative now has a network of 320 banks that have entered the platform to swap global payments data using the Ethereum network. IIN will enable Deutsche Bank to offer better client services, according to the bank’s global head of cash management Ole Matthiessen. Aventus announces Ethereum-based protocol to enhance ticketing industry The digital assets-focused blockchain-based protocol, Aventus, revealed its next code release Aventus Classic designed to create a more equitable and transparent ticketing industry. Aventus Network announced in a blog post the release of Aventus Classic, a fully decentralized open-source Ethereum-based ticketing protocol designed to stop fraud and provide more transparency to the event ticketing industry. Aventus Classic will now be open to contributions from anyone and will no longer be solely developed by official partners of the Aventus Protocol Foundation Founder of payments network Zelle joins Stellar-focused startup as CEO Stellar-focused (XLM) crypto development company Interstellar appointed the founder of digital payments network Zelle Mike Kennedy as its new CEO. Kennedy’s network Zelle is the payment system used by JPMorgan Chase, Citi, Bank of America and many other financial institutions, according to its website. It is also claimed that Zelle manages over $50 billion in transaction volumes from over 25 million users. Hacker spends $1k to win over $110k in EOS betting game using REX A hacker spent $1,000 in EOS to steal more than $110,000 in cryptocurrency through an exploit of EOS gambling game EOSPlay. An alleged bug in allowed the attacker to steal 30,000 EOS via using EOS REX, a major decentralized financial (DeFi) service enabling EOS lending in exchange for extra CPU on the EOS blockchain. The hacker used REX in order to ensure that blocks were filled with their transactions, allowing them to win continuously on EOSPlay. Crypto community’s interest The section below presents the most searched terms in google about recent crypto industry news for the last week. The graphs below show the percentage ratio between requests and their historical maximum. Crypto Topics & Events Google Trends Aventus Aventus has announced the release of Aventus Classic, a decentralized open-source protocol for the ticketing industry with a transaction speed of 100 tickets per second on a public blockchain Facebook Libra Global regulators will question Facebook on Monday about its Libra cryptocurrency amid concerns from EU governments over the threat the digital currency poses to financial stability Bitcoin The BTC trading range is getting tighter which can only mean one thing – a breakout is imminent. Bitcoin is approaching an end to a trading pattern, that potentially spans back over 5 months with a $10000 range Binance Binance US compliant exchange exclusively for the United States of America (US) would be live soon and the registration would commence on the 18th of September 2019 OKEx OKEx Korea delisting all privacy coins, including Monero, Zcash and Dash, as these ‘violate’ FATF’s ‘travel rule’. the FATF, the global money-laundering watchdog, issued its final crypto guidelines, retaining “travel rule”. XPR Fork The threat of an XRP fork is looming over Ripple, the San Francisco-headquartered startup behind the third-largest asset on the cryptocurrency market. Some rumors insist that XRP Fork will unlikely succeed Volatility extremums This section presents three of each of the best performed tokens and the worst performed tokens during the last week. Their volatility is presented in the table below. Greatest Token volatility Quant +14.76% Zilliqa +9.99% THETA +5.82% Aurora -15.80% Dragon Coins -9.32% DigiByte -3.70% Citation of the week “Nothing backs the dollar. The U.S. doesn’t have natural resources that back the dollar. What they do have is the military.” —Akon, Grammy award-winning rapper @Akon "We've been working for multiple years on the US Dollar coin that's been growing very fast. And I think that we're excited to see how things like the Chinese central bank digital currency could eventually interact or be traded with things like US Dollar coin." —Jeremy Allaire, Circle CEO @jerallaire “Bitcoin, really, is just the reward that miners get for guaranteeing the security of the framework of the network, that’s what it is.” — Dan Tapiero, Gold Bullion International co-founder @DTAPCAP .
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