Wanchain

“reHash” — Your Weekly Summary of Everything Important in the Crypto World — issue no. 2

Published by Liam on

reHash issued for September 25th to October 1st 2020

Just minor changes this week, we are back on weekly schedule (hopefully that will not change again). Sources are hyperlinked under the numbers for better aesthetic/visual clarity.

NOTE:
reHash is not intended to be original journalism. It is intended to be brief summary of significant articles and events from the past week with links to the original sources. Sources will always be linked and credited. If you know any good newsletters or Twitter accounts which have news we’ve been missing, please mention them in the comments!

ADOPTION

  1. Aglive, an Australian agriculture technology firm, has added a possibility of scanning the label of the product to monitor “the source and journey of products”; earlier this year they started trials on beef exports to China
    SOURCE: 1, 2, 3

  2. Grayscale Investments has bought another 17,000 BTC in the last week; they control approximately 450,000 BTC worth around $4.7 billion
    SOURCE: 1

  3. A Cambridge University study positions the number of cryptocurrency users worldwide at 101 million people, a rise of 189% compared to 2018
    SOURCE: 1, 2

  4. A Venezuelan startup AnibalCripto has set up a satelite connection that will allow the BTC blockchain nodes to synchronize; Venezuela is plagued with internet problems; this solution will help to synchronize with no internet; president of Venezuela, Nicolas Maduro says that Venezuelan government is looking into diverse cryptocurrencies to find a way to lighten the impact of USA sanctions
    SOURCE: 1, 2

  5. Ripple’s partner ACI Worldwide partnered with Mastercard; according to ACI: they are collaborating with Mastercard to offer industry-leading real time payments to central banks, scheme operators and market participants
    SOURCE: 1, 2, 3

  6. A woman from Nevada tried to contract a hitman to kill her ex-husband in Durham, NC; she paid $5,000 in Bitcoin to a scammer; she was indicted for conspiring to kill her ex-husband
    SOURCE: 1, 2

  7. Israeli regulators move to classify BTC as a currency
    SOURCE: 1

  8. Consensys has been awarded the contract for cross-border CBDC project between Thailand and Hong Kong, aim is to build POC of the solution between Thailand’s Ithanon and Hong Kong’s Lionrock networks
    SOURCE: 1

  9. Australia is planning to invest $575 million in digital technologies to remedy coronavirus economy collapse; $6.9 million out of that amount will go towards blockchain technology
    SOURCE: 1

DEVELOPMENT

  1. Spadina testnet for Ethereum had low participation, at least one more will be needed before the mainnet launch
    SOURCE: 1, 2

REGULATION

  1. CFTC charges BitMEX owners with illegally operating a cryptocurrency derivatives trading platform and anti-money laundering violations; amongst the charged: Arthur Hayes, Ben Delo and Samuel Reed; BitMEX denies regulatory and AML breaches
    SOURCE: 1, 2, 3, 4, 5

  2. Salt Lending ordered by SEC to refund investors that bought in during its 2017 $47 million ICO; SEC is also suing Kik over their $100 million ICO
    SOURCE: 1, 2, 3, 4

GENERAL UPDATES

  1. Kucoin exchange was hacked for $150 million, Uniswap was used to launder parts of hacked funds, several projects hard-forked and returned the funds to the exchange/users -showing how decentralized (or not) they are; Kucoin themselves refers to the hack as “incident”
    SOURCE: 1, 2, 3, 4, 5, 6, 7, 8

  2. JPMorgan Chase & Co has been fined more than $920 million for their misconduct over market manipulation in their trading of metal futures and Treasury securities over the last eight years; this is the largest sanction ever tied to spoofing
    SOURCE: 1, 2, 3, 4

  3. IRS has contracted both Chainalysis and Integra FEC for $625 thousand each to crack Monero privacy
    SOURCE: 1, 2

  4. USDT dominance amongst stablecoins drops below 80%; USDC which is 100% backed takes 13%
    SOURCE: 1

  5. A group of whitehat hackers have helped save $10 million in Ethereum (25,000 ETH) from being exploited
    SOURCE: 1, 2

  6. IBM Blockchain’s general manager, Alistair Rennie, is seeing a bright future for the blockchain and says it is becoming a useful tool for “real” businesses
    SOURCE: 1

  7. Cumulative fees on Ethereum have surpassed those on Bitcoin for the first time; a total of $166 million was collected in September for fees in Ethereum
    SOURCE: 1, 2

  8. DeFi protocols hit $11 billion of total value locked; Uniswap is the first to reach $2 billion TVL, according to NEO’s founder Da Hongfei DeFi should only see a big rise in the future
    SOURCE: 1, 2, 3, 4

  9. MESE.IO allows investors to buy micoshares of Tesla, Apple, Microsoft, Twitter, Amazon, Netflix and Google; microshares are 1/10,000th of the real stock
    SOURCE: 1

  10. According to the data from The Daily Shot and CoinMetrics the bitcoin to gold correlation has hit record levels.
    SOURCE: 1

  11. China’s state media have mentioned crypto as the best performing asset in 2020; which is rare in generally Crypto-sceptic China
    SOURCE: 1

  12. An NFT of an ape in Cryptopunks has sold for approximately $54 thousand (140 Ethereum), this is currently the highest price for an NFT recorded
    SOURCE: 1

  13. OpenBazaar which earlier reported financial difficulties and stating that the platform would likely shut down due to financial difficulties has been saved (until end of this year) by a donation by an anonymous donor
    SOURCE: 1

  14. Changpeng Zhao, more commonly known as “CZ” expects DeFi to grow over CeFi, and plans to build out more robust decentralized solutions
    SOURCE: 1

  15. Another DeFi token Eminence (EMN) was hacked shortly after being available; the new endeavor of Andre Cronje has lost the investors $15 million as the bug in the platform was exploited; the platform was unaudited
    SOURCE: 1, 2, 3

  16. VeChain’s Real Items dapp is verifying items with “Blockchain Smartlabels”; one of the items is 287 year old jamiacan coffee brand — Jamaican Blue Mountain Coffee, VeChain itself wants to attract NFT projects, usage of NFT to battle counterfeit goods could be a growing market
    SOURCE: 1, 2, 3, 4

  17. Crypto Bets trying to predict results of presidential USA election in 2020 predict 61% chance of win by Joe Biden over the incumbent Donald Trump, there are at least a few sites accepting bets over the results
    SOURCE: 1, 2

  18. SBI e-Sports players could receive their salaries in XRP if they so wish
    SOURCE: 1

  19. Atari has announced IEO collaboration and listing of the Atari token on Bitcoin.com exchange
    SOURCE: 1, 2

And that’s all for this week, thank you for reading, hope you did enjoy and found reHash useful!

About Wanchain

Wanchain is the infrastructure connecting the decentralized financial world. Wanchain’s live cross-blockchain solution is EVM-based, includes optional private transactions, and provides a decentralized, permissionless, and secure approach for interoperability. Wanchain has employees globally with teams in China, the USA, and other team members around the world in Asia, Africa, and Europe.

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