Market Watch Bitcoin | $11,286 | 7 day: +0.6% | Ethereum | $374 | 7 day: -4% | XRP | $0.277 | 7 day: -7.7% | Prices as of 5:00 p.m. ET | |
Russia's analytics system now tracks Dash (DASH) and the ostensibly "untraceable" Monero (XMR). Russia's Federal Financial Monitoring Service calls its system "Transparent Blockchain." More: - The Russian-owned publication RBC claims that Rosfinmonitoring's system can "partially remove anonymity from participants" engaging in cryptocurrency transactions.
- Rosfinmonitoring's system claims support for five cryptocurrencies: bitcoin (BTC), Ethereum (ETH), Omni (OMNI), Dash (DASH), and Monero (XMR).
- Monero claims to be a private, "untraceable" cryptocurrency when stored in certain private wallets.
- The publication claims Transparent Blockchain uses AI and is already targeting bitcoin transactions involving drugs.
- Rosfinmonitoring says a USD-equivalent budget of $10m will enable it to continue developing Transparent Blockchain through 2023.
CoinTelegraph | |
A message from SLACK Adapting to the new reality: How CIOs are bringing their teams together Enterprises have started making the shift to remote work. But this comes with its own set of challenges. To adapt their business practices & communication process quickly, CIOs need to focus on overhauling the enterprise’s strategy with customer-centric mindsets and goals. In this webinar, April Sandoval, Director of Data & Analytics at Slack, talks about how to handle information challenges with the judicious use of data and how modern CIOs are handling, reacting to, and setting processes for remote work. Watch Now | |
Libra co-creator David Marcus is appointed head of Facebook Financial (F2). Marcus is Paypal's former President and Facebook's former VP of Facebook Messenger. What is F2? - Facebook Financial will manage all Facebook projects related to payments: Facebook Pay, the company's upcoming cross-app payment feature; Novi (f.k.a. Calibra), a Libra cryptocurrency wallet; and international WhatsApp payments, especially in countries like India and Brazil
- Many of Libra's initial sponsors have backed out of the project, including Visa, Mastercard, Stripe, Ebay, and Mercado Pago.
Bloomberg | |
Ethereum's most widely used API, Alchemy, exits private beta. Alchemy underpins 70% of Ethereum applications, including the majority of ostensibly Decentralized Finance (DeFi) applications like Maker (MKR), Dai (DAI), 0x (ZRX), Augur (REP), ShapeShift and CryptoKitties. More: - Founded in 2017, Alchemy's investors include Coinbase, Stanford University, Samsung, Charles Schwab, Jay Z, Peter Thiel, Naval Ravikant, Reid Hoffman, Will Smith, Dan Morehead, and many others.
- CEO Nikil Viswanathan says he is considering going public.
- Other major corporate supporters of Ethereum include Joseph Lubin's Consensys and Barry Silbert's Digital Currency Group.
Bloomberg | |
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The Irish Cabinet has passed the Money Laundering and Terrorist Financing Amendment Bill 2020. Once signed into law, Ireland will apply stringent regulations to virtual currency projects and entities supporting cryptocurrency wallets. Why it matters: - Ireland is a tax haven. Many cryptocurrency projects have domiciled in Ireland to take advantage of its low taxes and advantageous financial regulations.
- The bill will harmonize Ireland's laws with the 5th EU Money Laundering Directive.
- The law will make transactions with "high-risk" countries more difficult, limit anonymous pre-paid cards, expand Customer Due Diligence (CDD) requirements, and bring virtual currency providers and wallet providers under the 5th EU Money Laundering Directive.
Irish Legal | |
MicroStrategy (NASDAQ:MSTR) has purchased $250m worth of bitcoin. The $1.3b business intelligence company generated $475m in revenue over the past 12 months. According to the CEO: - CEO Michael Saylor claims that bitcoin provides a "reasonable hedge against inflation," is a "dependable store of value," and has "more long-term appreciation potential than holding cash."
- MicroStrategy separately announced a share buyback worth up to $250m today.
SEC | |
Quick Hits: - Coinbase Pro listing announcement on August 6 doubles the valuation of Band Protocol (BAND). During the month leading up to the announcement, BAND's market cap had already tripled.
- Binance lists Serum (SRM) and Just (JST).
- BitTorrent creator Bram Cohen raises $5m for Chia Network, a DeFi programmable money platform.
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| | Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. | | Editor | Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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