At the end of the week, we summarize what we wrote about these seven days, and collect everything that is relevant for fans of cryptocurrencies and decentralized technologies. This week, the DeFi protocol bZx lost and returned more than $ 8 million, the Kraken cryptocurrency exchange announced the launch of a "cryptobank" in Wyoming, the lead developer of Ethereum 2.0 officially presented a proposal to move the network to Proof-of-Stake, and the Uniswap decentralized exchange introduced its UNI control token.
Opinions
In an interview with Coindesk, Michael Saylor, CEO of MicroStrategy, spoke about the reasons why his company decided to invest $ 425 million in bitcoin.
According to Dan Tapiero, co-founder of DTAP Capital, conditions have formed in the market for a long-term strengthening of the bitcoin rate.
According to Steve Ehrlich, co-founder of Voyager Digital, investors continue to enter bitcoin amid global economic uncertainty. The cryptocurrency confirms the status of a safe haven asset.
According to the financier and author of the famous book "Rich Dad Poor Dad" Robert Kiyosaki, precious metals and bitcoin will fall in value if a vaccine against COVID-19 appears in the world.
Estimates
Eastern Europe is "the most active in the global darknet market compared to any other region," according to a new report from blockchain analysis firm Chainalysis. The Hydra darknet marketplace is the sixth largest cryptocurrency service in the region.
Grayscale analysts have recorded a drop in the activity of bitcoin speculators. The number of addresses that focus on long-term storage of cryptocurrency continues to grow in the bitcoin network.
Alibaba could become the largest blockchain patent holder by the end of 2020. This is stated in a published study by the consulting company KISSPatent.
American law firm Perkins Cole has concluded that private cryptocurrencies such as Monero, Dash and ZCash are used much less frequently for money laundering than other coins.
Exchanges
The Japanese cryptocurrency company Fisco has accused the Binance exchange of providing its services for money laundering through cryptocurrencies in the amount of more than $ 9 million.
Cryptocurrency exchanges Poloniex and KuCoin have announced a strategic partnership.
Audit firm Grant Thornton, which is managing the liquidation process for the New Zealand cryptocurrency exchange Cryptopia, will begin accepting user applications for asset recovery by the end of 2020.
The American cryptocurrency platform Bakkt has recorded a new maximum trading volume in the deliverable bitcoin futures market.
To combat the criminal use of digital currencies, each exchange must create a database of traders. This is stated in a statement by the Financial Action Task Force on Money Laundering (FATF).
Altcoins
The market capitalization of the stablecoin Tether (USDT) surpassed $ 15 billion this week, a figure that has almost quadrupled since January 2020.
The Ethereum Foundation has announced the upcoming launch of a second parallel Ethereum 2.0 testnet called Spadina, which will work in conjunction with Medalla's existing testnet.
Coinbase announced on September 17 that it is adding support for yearn.finance (YFI) and Loopring (LRC) tokens on its Coinbase.com retail trading platform and exchange mobile apps.
Mining
Jihan Wu, co-founder of Chinese mining company Bitmain, is once again the legal representative and CEO of Bitmain Technology, Bitmain's Beijing-based operations arm.
In Russia in August there was an increase in sales of video cards for mining. This was reported by the Kommersant newspaper, citing data from retailers and distributors. They reported an increase in sales of such equipment throughout the summer months of 2020, but the biggest spike occurred in August.
The Abkhaz authorities fear an energy crisis due to the high activity of local miners.
Regulation
The European Union plans to introduce new regulation within four years that will make cross-border payments faster and cheaper through the use of blockchain and digital assets.
The Central Bank of the Bahamas has confirmed preparations to launch its digital currency (CBDC) in October. Also, the Central Bank of the Philippines wants to issue its digital currency.
The Securities and Exchange Commission (SEC) of Nigeria has classified cryptocurrencies as securities and will regulate them accordingly.
China's National Blockchain Platform (Blockchain Service Network, BSN) will open up limited access to public networks for Chinese users.
The Conference of US Banking Supervisors (CSBS) introduced a new regulatory regime for fintech startups and cryptocurrency companies.