Weekly Crypto Report (12-18 August) | What Happened This Week in Crypto

Here you will know about the weekly crypto report of last week regarding bitcoin and other cryptocurrency events happened all around the world.

1 Bakkt Gets Green Signal from Regulators Will Launch on 23 September

Finally, Bakkt announced its launch date. Bakkt is a Bitcoin futures contract exchange powered by New York $tock Exchange (NYSE). The future contract exchange gets a green signal from the regulators and ready to launch its platform for all users. Bakkt announced in an official post that they received a trusted charter from New York 

2 China Announced Central Bank Digital Currency

A senior official qt China’s Central Bank announced that the country will soon release its Central Bank Digital Currency (CBDC a cryptocurrency) at China Finance 40 Group on 11 Aug. Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China (PBOC) said that the CBDC prototype is already in  …

3 Mukesh Ambani Announced Reliance Jio Will Install Thousands of Blockchain Nodes

Reliance Industries Ltd (RIL) Chairman and Managing Director Mukesh Ambani announced that Reliance Jio will install one of the largest networks of blockchain in India in the next 12 months at 42nd annual general meeting (AGM). Jio is setting up pan-India Edge Computing and Content Distribution network starting with thousands of blockchain nodes

4 SEC Again Delays Decision On Bitcoin ETFs Approval

The Security and Exchange Commission (SEC) of the U.S. again delays the decision on the three bitcoin ETFs Bitwise Asset Management, VanEck/SolidX, and Wilshire Phoenix’s approval on Monday. The report says that these ETFs were published their filings in February-April of this year in the Federal Register that postponed on the next 240 days (maximum legally mandatory days) for the  …

5 CZ Announced Binance US exchange will Launch Before November

Binance the leading cryptocurrency exchange has stopped US resident users from accessing the platform due to some regulations problems. Binance said that time they will launch a different exchange named Binance US dedicated to US residents with full regulations. Recently the CEO of Binance, Changpeng Zhao (CZ) announced that the Binance US exchange will be …

6 Andreas Antonopoulos May Working on a New Book “Mastering Lightning Network”

Bitcoin enthusiastic Andreas Antonopoulos is probably working on a new book “Mastering the Lightning” for crypto lovers. As the name suggests the book is based on the lightning network (LN) of Bitcoin. Lighting Network (LN) is the second layer of Bitcoin Blockchain used for instant payment settlement. The payment on the lightning network (LN) is settled on …

7 Alibaba Applied US Patent Application For It’s Blockchain Based DNS Service

The biggest online company of China Alibaba has been applied the US patent application for its Blockchain based domain name system, reported on 26 August 2019. According to the report, the company filled the US patent application on the 15 August regarding with the previous one applied In the applied filling, 

8 Coinbase Signup Bug Affects 3420 User Passwords

Coinbase the U.S based cryptocurrency exchange has announced that 3420 users got affected by a signup bug. Coinbase signup bug lets user’s registration details being stored in simple text format on Coinbase internal web server logs. The registration information includes username, E-mail, Name, Password etc. 

9 Poloniex Exchange Removed 23 Trading Pairs Due To Low Volume

The US regulated world’s largest crypto currency exchange Poloniex announced to remove the 23 trading pairs of crypto currency from it’s exchange platform due to low trading volume, reported on 16 August 2019. Poloniex reportedly said that the crypto assets will continue to be independently tradable on their exchange even after removing their trading pairs  …

10 BitPay Mandatory KYC For Bitcoin Transfers Above $3K

World largest bitcoin and cryptocurrency payment processor BitPay just mandatory identity verification (KYC) for bitcoin transfers above $3000 reported on 1 August 2019. Bitpay now requires the identity information from users when they make the high-value payments, refunds, and payouts. The above-shown form page has appeared for identity verification when the purchasers requesting refunds of $1,000

11 Binance Report: Litecoin Faces Dusting Attack

The leading cryptocurrency exchange Binance revealed that Litecoin faces a dusting attack. Binance announced this via a tweet on 10 Aug that the fourth largest cryptocurrency Litecoin is under a dusting attack. The tweet explains: Approximately 5 hours ago there was a large-scale dusting attack on [email protected] users. One of many transactions: (link: https://chainz.cryptoid.info/ltc/tx.dws?36359475.htm) chainz.cryptoid.info/ltc/tx.dws?363…