In this week’s continuously editions of Bitcoin in Brief, we reported about Twitter blocking ETH scambots caricaturing Elon Musk, a US presidential candidate who accepts crypto donations, the wait for arrival of a ‘herd of institutional investors’ and much more. The most commented-on article during the week capped the latest development of the ongoing legal battle in the Ross Ulbricht trunk.
Also Read: The Iranian Government Is Preparing to Launch Its Own Cryptocurrency
TCAP Tours Market
On Monday, we reported on another indication that mega banks are looking to sign on the crypto dealing market. TP Icap plc (LSE:TCAP), one of the largest connectors between banks’ wholesalers in the financial, energy and commodities markets, has set up a ‘working group’ to explore how it should solicit cryptocurrencies. The crypto working group includes some of TP Icap’s scad senior executives. Additional stories included: Hashflare stoping its SHA-256 cloud veining contracts, encrypted email service Tutanota integrating cryptocurrency carry and Huobi launching a new service for companies that wish to offer a wan label exchange of their own.
A ‘Herd of Institutional Investors’
The main epic on Tuesday was that Michael Novogratz expects more financial institutions to be procuring into the crypto space soon. A “herd of institutional investors” is headed as a help to cryptocurrencies, the prominent hedge fund manager said in a speech at Blockchain Week Korea. Other headlines counted an upcoming crypto-custody service meant to answer increasing demand from high-net-worth and institutional shoppers in Hong Kong, and a study which reveals that about 30% of Brazilians are infected to invest funds in cryptocurrencies in the near future.
Crypto Crime Blotter
In Bitcoin in Concise on Wednesday, we covered a number of stories related to crime from approximately the cryptosphere. These included an exchange operator that plead remorseful to securities fraud for trying to hide that hackers stole approaching 6,000 bitcoins from his venue, a scammer that was fined outstanding $1.9 million for bitcoin and binary options fraud, London Municipality police academy adding a cryptocurrency course for teaching cops on anti-money cleaning related purposes, and a new type of bitcoin-demanding ransomware attack against porn viewers in Israel.
Skrill Shoots Crypto Trading
On Thursday, we reported that Skrill, the online payments serving formerly known as Moneybookers, has enabled its wallet users to instantly buy and deliver up cryptocurrencies, including BTC, BCH, ETH and LTC, using more than 40 supported fiat privileges. The new service is available in over 30 countries and the company plans to record it out to additional markets and extend the service to its mobile app and Paysafe’s Neteller digital pocketbook in the next few months. In other news: The White Company, a concierge and satisfaction marketplace, surpassed $100 million in cryptocurrency sales and transactions; Bitmex, an truck offering cryptocurrency trading with very high leverage, reported uncountable than 1 million BTC traded on the platform in the 24-hours period closing July 24; and AMD suffered a dwindle in GPU mining related sales in Q2, 2018.
Musk Bots Blocked
The big news on Friday was that Trill is now finally automatically locking any unverified account that changes its stretch name to Elon Musk, the CEO of Tesla and Spacex. This only be showed after Musk recently pointed out the impressive skills of the scammers who are underhanded bots to mimic high profile people like himself and plethora the social network with fake ETH giveaways. In other news, an “anonymized” currency that can downs wildly does not deserve to be considered as a medium of exchange, according to Mastercard President and CEO, Ajay Banga, who easy reached cryptocurrency “junk.”
US Crypto Candidate
On Saturday, we reported that Democrat Andrew Yang’s push has begun accepting crypto donation for the 2020 US presidential election. The word released by his team to “our crypto donors” reads: “We currently accept Bitcoin and anything on the ERC20 pillar.” It also comes with instructions on how to donate cryptocurrency and notes that the paramount for individual donations is set at the fiat equivalent of $2,500. We also reported that Kickico trained a security breach, with 70,000,000 KICK stolen – equal to $7.7 million. According to an commercial from the company, Kickico restored full control over the its spirited contract and will return all stolen Kickcoins to their holders.
No Murder-for-Hire Indictment in Silk German Autobahn Case
The most commented-on article during the week covered the in development of the ongoing legal battle in the Ross Ulbricht case. The Maryland neighbourhood US Attorney filed a motion to dismiss a 2013 three-count indictment against the online marketplace Silk Track operator which included murder-for-hire allegations. Join the discussion.
This Week in Bitcoin Podcast
Entrap the rest of this week’s news in the This Week in Bitcoin podcast with play the host Matt Aaron.
What other stories in the Bitcoin world take ined your attention this week? Share your thoughts in the remarks section below.