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Crypto Weekly Digest – Binance on ATH, Bitcoin ETF Still Far, Twitter CEO Denies Support for Libra

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Key Highlights

  • SEC Chairman Says Bitcoin ETF “ A Distant Reality
  • Twitter CEO Bullish On Bitcoin, Disapproves Libra
  • US Treasury Identifies North Korean Hackers Behind Famous Exchange Hack  
  • Binance.US Announces Phase 1 of US Launch
  • Binance List First Non-USD Stablecoin

SEC Concerned Over Market Manipulation and Custody 

The hugely awaited Bitcoin ETF could be delayed further as SEC expresses is still concerned about few things. These include custodial requirements and market manipulation by exchanges. However, a firm “YES” on the progress of Bitcoin ETF marks significant progress and is reassurance enough for the future. 

Twitter CEO Wary of Libra

Jack Dorsey, whose Twitter platform rivals Mark Zuckerberg’s Facebook and who has always been bullish on Bitcoin said that Twitter will not be supporting Facebook’s Libra even if it gets regulatory approval. He further said that while Bitcoin has all the potential to be the “Currency of The Internet”, it still needs to make significant progress to break barriers. 

Binance.US – A Welcome Addition For “Futures” Traders

Binance.US announced the beginning of phase 1 of its launch in the US. The customer registration and verification will begin on the 18th of September 2019. Deposits for Bitcoin(BTC), Ethereum(ETH), Ripple( XRP), Bitcoin Cash(BCH), Litecoin(LTC), and Tether(USDT) will be accepted. Binance also reaffirmed that soon they will be adding support for other cryptocurrencies.

 Binance Lists Rupiah- First Non-USD Stablecoin 

Binance’s listing of Rupiah comes as good news to Indonesian traders. The listing of Rupiah on Binance DEX will allow Indonesian traders to trade directly on Binance DEX in Rupiah denomination. Presently, only the IDRTB/BNB pair is available. Binance plans to launch more trading pairs in the coming weeks. Further, the Rupiah platform will also hold a trading minigame competition with a total prize of 11,000,000 IDRTB.

North Korean Hackers Identified

U.S. Department of the Treasury’s Office of Foreign Assets Control has identified North Korean hacking groups. These are popularly known within the global cybersecurity private industry as “Lazarus Group,” “Bluenoroff,” and “Andariel” as agencies, instrumentalities, or entities supposedly controlled by the Government of North Korea. These hacking groups are suspected to have stolen around $571 million in popular cryptocurrencies like Bitcoin, Ethereum, and Monero from at least five crypto exchanges in Asia between January 2017 and September 2018.

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