1. Former NBA player Issac Austin allegedly swindled $825,000 from a Ghanian company in a Bitcoin scam. Austin, who played for seven NBA teams over an 8-year career, is said to have posed as a trustee for his own Bitcoin trading company, IEA and Tudor Trust. Austin allegedly convinced victims to invest their Bitcoin with his company with promises of turning a large profit with the demand that he repay them on July 3. Austin reportedly owed these victims $825,000 in cryptocurrency, but failed to repay, offering excuses such as transferring the coins to the wrong wallet. –GHANA WEB
2. Kenneth Blanco, director of the Financial Crimes Enforcement Network (FinCEN) has said that anti-money laundering (AML) laws apply to crypto as well. In Blanco's opinion, fintech companies that offer crypto users anonymity must comply with anti-money laws "just like everyone else." He started that the key point of the AML policy was to determine who is involved in the transaction, adding that it's not hard to get the necessary information such as name, address, account number, transaction, recipient, and amount. –AMERICAN BANKER
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3. Ralph Hamers, ING CEO, has said that banks may cut their ties with Facebook if it launches the proposed stablecoin, Libra. He said that banks have to protect the financial system against the threat of criminal activity. Because of concerns Libra could be used for illegal gains, Hamers said that banks could take action by choosing not to "accept the client." Hamer's remarks follow those of Jaime Dimon, JPMorgan Chase CEO, who said last week that Libra is "a neat idea that will never happen." –FINANCIAL TIMES
4. The U.K. government has stated that it's up to the Financial Conduct Authority (FCA) to decide whether there should be a ban on crypto derivatives for retail investors. John Glen, economic secretary to the Treasury, was responding to a series of questions regarding the U.K.'s stance toward crypto-assets and the FCA's ban consideration. Responding, Glen said that the final decision was in the hands of the financial regulator. –FINANCE FEEDS
5. Crypto-friendly banking app Revolut has announced that the growing partnership with Mastercard will see Revolut launch cards in the U.S. by the end of 2019. Since launching in 2015, the banking app has enjoyed a strong relationship with Mastercard across Europe. Today's announcement also means that Revolut will be able to reach markets in Asia Pacific and Latin America. –NEWSROOM MASTERCARD
6. New research shows that in the next 10 years, energy blockchain applications will see a 67 percent compound annual growth rate (CAGR). According to Navigant Research, by 2028, the industry is projected to raise $19 billion in revenue, creating an annual market size worth $7.7 billion at a CAGR of 66.9 percent. –COINTELEGRAPH
7. The Cyberspace Administration of China has approved 309 additional blockchain services. These include cultural tourism, education, law, supply chains, e-commerce, and healthcare. Companies such as China Southern Airlines are part of the list, which is creating its own blockchain-based platform. The State Administration of Foreign Exchange also makes up the list for its cross-border blockchain service. –8BTC
8. Crypto developer Jimmy Song has taken to Twitter to say that many "marketing experts" who enter the space end up working for scam projects. As a major Bitcoin advocate, Song stated that, unlike Bitcoin, altcoins rely a lot on marketing to get their projects off the ground. He didn't mention any names, but earlier this month he provided a list as to the coins that have fallen from grace. –BITCOINIST
9. Crypto brokerage Bitcoin Suisse has invested $3 million into trading software provider CoinRoutes. Bitcoin Suisse has said that it has acquired a "sizeable minority" stake in CoinRoutes, but didn't disclose the percentage. The main reason for the investment is due to the fact that CoinRoutes' algorithmic trading software sources crypto trading data from 40 exchanges. –THE BLOCK
10. Crypto exchange Bittrex is moving its platform from the "Blockchain Island" of Malta to Liechtenstein. The company said that it will be halting its operations in the European country October 29, but didn't give a reason why it was closing its doors. Upon leaving Malta, it will operate under Bittrex Global out of Liechtenstein. –MEDIUM
This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter.
Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).
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