Market Watch | Bitcoin | $10,301 | 7 day: -9.8% | | Ethereum | $357 | 7 day: -18% | | All crypto | $334b | 7 day: -10.2% | | Bitcoin dominance | 56.9% | 7 day: +1% | Prices as of 4:15 p.m. EDT
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 NYAG's letter to Judge Joel Cohen The New York Attorney General office has asked a judge to order Bitfinex to disclose documents detailing a $900m credit line between Bitfinex and Tether. Bitfinex and Tether shared executives and beneficial owners. - NYAG wants documents and information related to an alleged $850m-loss by Bitfinex — funds that it later borrowed from Tether to manage the shortcoming.
- NYAG has requested an audience with NY Judge Joel Cohen and wants the judge to impose a 60-day deadline on a response from the defendants, and extend the injunction prohibiting Tether to lend additional funds to Bitfinex by 90 days.
- There were times when Tether's U.S. dollar-pegged stablecoin (USDT) were only 74% backed by reserves.
- We discussed an earlier development in the ongoing lawsuit here at Inside Cryptocurrency, as we as the effect of USDT issuances on the price of bitcoin.
Coindesk 
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Mastercard has launched a virtual testing platform for Central Bank Digital Currencies (CBDCs). - Mastercard's (NYSE:MA) CBDC testing platform already has central bankers conducting tests.
- The sandbox allows central banks to explore the issuance, distribution, and exchange of CBDCs in a simulated environment.
- The press release mentions that the testing platform will also include a facility to compare and evaluate proposed technical stacks for CBDCs. Mastercard executive Raj Dhamodharan told Fortune that Mastercard is already working with central bankers.
Fortune
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Barry Silbert's Digital Currency Group suddenly acquires cryptocurrency exchange Luno. DCG had been an investor in Luno's 2014 fundraising round. Luno is a London-based cryptocurrency exchange. - Digital Currency Group revealed the acquisition in a press release and Forbes interview today.
- DCG has not yet disclosed the financial terms of the deal.
- DCG's subsidiaries include Genesis, Grayscale, and its flagship Bitcoin Trust (OTCQX:GBTC), as well as CoinDesk.
- DCG invested in Luno in a 2014 seed round.
- DCG says Luno's leadership team will remain intact.
Forbes
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Indian $700b IT conglomerate Tech Mahindra (TECHM.NS) will build its blockchain-based supply chain on Amazon's Managed Blockchain. - Tech Mahindra will build blockchain-based solutions for healthcare, aviation, and telecom supply chains in collaboration with Amazon Web Services (NASDAQ:AMZN).
- The announcement is simultaneously promising for the blockchain industry while disappointing for proponents of decentralization due to the victory of Amazon's centralized, managed service.
Times of India
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An engagement group of the G20 publishes a policy paper that suggests distributed ledger technology could ease participation in global value chains. - The proposed "GVC Passport" is a misnomer in that it would not be a real passport but rather a digital document indicating reciprocal acknowledgment of business entities between participating G20 countries.
- The "passport" would facilitate banking access and eliminate the need for cumbersome recertifications of financial credentials.
- Blockchain technologies would assist the countries in verifying the status of untampered, cryptographically verifiable credentials.
- The policy paper explains how the initiative could sustain the growth agenda of G20 countries.
Business at the Organisation for Economic Cooperation and Development
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Fetch.ai (FET) introduces Mettalex, its trading platform for cryptocurrency and commodity derivatives. - Fetch.ai (FET) claims to be a blockchain-enabled machine learning network. The litepaper for its upcoming trading platform "Mettalex" claims to involve the creation of a commodities exchange, a heavily regulated term in many countries.
- The Mettalex application will run on Fetch.ai's mainnet (version 2.0 and above).
- Mettalex claims it will provide risk management tools to a broad audience of commodity industry stakeholders, but it is unclear what (if any) regulatory clearances such a system could attain.
- Supporters of Mettalex include Ferrometrics, Javelin Global Commodities, and Bastug Metallurgy.
Fetch AI
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 Ziglu is a FCA Registered Cryptoasset Firm Ziglu launches a peer-to-peer payments app with support for cryptocurrencies and British Pounds. Ziglu is a London-based cryptocurrency app founded by Mark Hipperson, CTO of Sterling Bank. - The U.K. Financial Conduct Authority granted Ziglu permission to issue electronic money (e-money) and provide payment services on September 1. Ziglu also became the U.K.'s third Registered Cryptoasset Firm.
- Ziglu currently supports Bitcoin (BTC), Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH), and plans to add Ripple (XRP) and other digital assets according to customer's demand.
Coin Telegraph
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Nicolás Maduro's government bans Venezuelans from two cryptocurrency exchanges. MercaDolar is a popular cryptocurrency exchange and bolivar fiat onramp. Coinbase is the largest U.S.-based cryptocurrency exchange. - A Venezuelan digital rights advocacy project, Ve Sin Filtro, tweeted on September 8 that Venezuela’s government blocked internet access to Coinbase and MercaDolar cryptocurrency exchanges.
- The DNS block is applied within Venezuela by most Internet Service Providers (ISPs).
- Capital flight from Venezuela is a perennial problem for Maduro's regime.
VE sin Filtro
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 Eterbase's hot wallets hacked Hackers attack hot wallets controlled by cryptocurrency exchange Eterbase. - European cryptocurrency exchange Eterbase reported a hacking incident that took place on September 8.
- The news broke via Eterbase's Telegram channel when an exchange official reported compromised hot wallets affecting bitcoin (BTC), Ethereum (ETH), Ripple (XRP), TRON (TRX), Tezos (XTZ), and Algorand (ALGO) deposits.
- On Telegram, the Eterbase team also said they were requesting other exchanges to deny deposits of the hacked funds, to giive law enforcement time to complete investigations.
- A detailed post by the exchange reveals that the total value of assets is approximately $5.4m.
- Eterbase officials have suspended operations, although they claim to possess "enough capital to meet all our obligations." They plan to announce re-opening plans after a security audit.
- Many hacked exchanges have promised to return to normal, yet subsequently declared bankruptcy, including Cryptopia and Mt. Gox. Other exchanges have successfully resumed operations after hacks, including Bitrue and Binance.
Eterbase
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Chainlink (LINK) suffers from spam attacks costing over $250,000. - Since at least August 30, Chainlink nodes have faced spam attacks resulting in the loss of at least 700 Ethereum (ETH). Chainlink subsequently confirmed the attacks, calling them failed attempts.
- The attacks on Chainlink (LINK) nodes began when an attacker repeatedly sent several price feed requests, making the operators pay a considerable amount of Ethereum gas (transaction) fees. Rory Piant, Director of Community at Chainlink Labs, reported the incident on Chainlink's Telegram channel.
- At least nine Chainlink nodes were attacked, according to CEO Hendrik Hofstadt of Certus One, a Chainlink node operator.
The Block Crypto
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Quick Hits: - Canaan (NASDAQ:CAN) announces a $10m share repurchase program.
- Morpheus Labs supported PwC Singapore in the development of a smart compliance application.
- Rarible, a digital art-focused, non-fungible token platform, announced a pre-seed round led by CoinFund, a NY-based blockchain investment company. Founder of CoinFund, Jake Brukhman, published a blog post regarding the investment.
- Conga tapped into insights from tech-forward business leaders to create this fact-packed report: The State of Digital Document Transformation*
*This is sponsored content.
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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. | |
Conga's free report helps business leaders plan a path forward to embrace a fully digital future. | |
