| LEADER ARRESTED: A “top leader” in the alleged OneCoin pyramid scheme, Konstantin Ignatov, has been arrested by U.S. authorities, the U.S. Attorney for the Southern District of New York announced Friday. Ignatov is being charged with wire fraud for his role with OneCoin. The U.S. Attorney, Geoffrey Berman, said Ignatov, his sister Ruja Ignatov and another defendant, Mark Scott, “created a multibillion-dollar ‘cryptocurrency’ company based completely on lies.” Full Story
BLOCK SPIKE: The number of blocks issued daily on ethereum jumped by more than 1,500 within a 24-hour period after the network’s recent Constantinople upgrade.The surge is a direct result of the temporary disabling of a piece of code in the software known as the “difficulty bomb.” The code has been gradually increasing the mining difficulty of the ethereum network and slowing block creation since last December. Full Story
WHEN ETHER? Fidelity Digital Asset president Tom Jessop says the new crypto trading and custody division of the financial services provider has developed an internal framework for adding new cryptocurrencies, and the company plans to add assets based on client demand. While this demand has so far correlated with market cap size, Fidelity may take some time to list other cryptos like ethereum, due to upgrades planned for its network, while ethereum classic will require a risk assessment after a 51 percent attack earlier this year, he said. Full Story
TRIGGER TRADES: Mobile finance app Revolut has launched a new feature akin to those offered on more pro-level exchanges allowing users to “auto-exchange” cash and cryptocurrencies. The firm said that its over 4 million users can now set up automatic trades for, say, U.S. dollars to bitcoin or ether to XRP, based on a pre-set target rate. “If the rate never hits your target, no currencies will be exchanged,” the firm said. Full Story | 
