Total Market Cap, as of 03.29.19 at 3:00pm (PST): $143,319,177,852 (+2.18%)Missed last week’s update? Click hereSTORY OF THE WEEK•Singapore based exchange DragonEx announced a hack on March 24th. The exchange has not disclosed the amount that was stolen but is working with law enforcement and “will take responsibility no matter what”.CRYPTOCURRENCY TRADING SERVICES•Binance Launchpad changes its token sale format from first come first serve to a lottery-based format.•Yahoo! Japan’s subsidiary owned exchange Taotao will begin trading crypto in May.•The U.S branch of Huobi Global, HBUS aims to set up an institutional sales and customer service group to offer token lending and OTC trading.•KuCoin partners with payments processor Simplex to enable crypto purchases using Visa or MasterCard credit cards.•In efforts to tighten up security, Kraken makes 2FA mandatory for users on its platform and announces the formation of Kraken Security Labs. The group will be performing vulnerability research on hardware/software wallets to inform their users.REGULATION•Peer-to-peer exchange LocalBitcoins announced the platform will now be supervised by the Financial Supervisory Authority of Finland. The platform launched a new registration process and is looking into additional identity verification processes.•The Spanish National Securities Market Commission (CNMV) has confirmed it has not authorized any entity to conduct an ICO.•The Swiss Financial Market Supervisory Authority (FINMA) deems crypto mining firm Envion AG’s $90 million USD ICO illegal. Issuance was not equal for all investors, prospectuses did not meet minimum requirements and there was no internal auditing department in place.•Hong Kong securities regulators, The Securities and Futures Commission (SFC) deems security token offerings STO’s as securities and thus fall under existing security laws.TECHNOLOGY•Leading Ethereum browser extension Metamask was found to broadcast user’s ETH addresses to visited websites on default settings.•Hardware wallet producer Ledger has partnered with Hong Kong based Legacy Trust to offer institutional crypto custody services leveraging its existing offering, Ledger Vault.•OkEx aims to launch a decentralized exchange on its own native blockchain (OKChain). OkChain is at the final stage of development due for release in June.•Binance partners with KYC/AML compliance firm IdentityMind in order to integrate protocols to tighten data security and compliance.INSTITUTIONALIZATION•Japanese e-commerce giant Rakuten is releasing a cryptocurrency exchange named Rakuten Wallet. Starting April, users will be able to sign up on the new platform.•Germany’s second largest stock exchange Borse Stuttgart is partnering with Axel Springer and a subsidiary Finanzen.net to launch a new cryptocurrency exchange.PEOPLE•Mining hardware giant Bitmain replaces existing Co-CEO’s Jihan Wu and Micree Zhan with current product engineering director Haichoao Wang.•Facebook looks to hire 5 more blockchain related positions. The 5 roles include production manager, business operations manager, data scientist, software engineer and growth product manager.TWITTER•@APompliano - “Bitcoin is money for people who believe in math and software”•@arrington -“I’ve never been more bullish about crypto than I am right now”•@gaborgubacs - “Bitcoin isn’t a bubble; it’s the needle”
Submitted March 30, 2019 at 07:44PM
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