Market Watch | Bitcoin | $10,648 | 7 day: -7.8% | | Ethereum | $392 | 7 day: -0.8% | | All crypto | $344b | 7 day: -4.4% | | Bitcoin dominance | 56.8% | 7 day: -3.7% | Prices as of 4:30 p.m. EDT
| |
 Brazilian central banker Roberto Campos Neto The President of the Central Bank of Brazil says that a central bank digital currency (CBDC) is possible by 2022. - Banco Central do Brasil President Roberto Campos Neto discussed the prerequisites of the country's upcoming instant payment system, PIX, which establishes "all the ingredients to have a digital currency," according to Neto's comments on Wednesday during a Bloomberg event.
- Neto created a 12-member intergovernmental study group this month, tasking them to deliver a final report within six months.
- Last month, Brazil's Central Bank appointed a group to study the feasibility, scope, and societal advantages of a CBDC.
- The goal of Brazil's non-consumer PIX system is to make commercial transactions cheaper and more efficient. It is scheduled to launch in November.
AMB Crypto 
| |
 MetaMask live in iOS app store MetaMask is now accessible to Android or iOS mobile users. MetaMask is a portfolio company of Joseph Lubin's ConsenSys. - MetaMask is a popular web browser plugin for managing Ethereum wallets. It has been limited to desktop users for several years. ConsenSys has finally released its MetaMask gateway and wallet app for mobile devices.
- Since 2016, four million users have downloaded the MetaMask browser extension.
- A MetaMask beta release surfaced last year and attracted 135,000 beta testers.
- In addition to its browser plugin, MetaMask has also been developing a computing ecosystem and introduced a Web3 wallet as a so-called permissionless extension.
- MetaMask's newly-released mobile app allows users to send and receive ETH and Ethereum-based tokens, trade crypto, view loans and balances, and store non-fungible tokens. The app is secured by a shielded private key management system.
Bloomberg
| |
 A message from CONGA The #1 paid app on the Salesforce AppExchange is dropping knowledge. Conga tapped into insights from tech-forward business leaders in order to help you prepare for the future with this fact-packed report: “The State of Digital Document Transformation” is a free guide that breaks down the benefits and barriers of changing the way your work gets done. Reading it will equip you with the knowledge needed to plan a path forward for your business and embrace a fully digital future -- one where you work faster, make fewer mistakes, and waste less time. Get The Report
| |
Chinese venture capitalists including Sequoia China form Open DeFi, a consortium that claims to bridge Eastern and Western decentralized finance (DeFi) projects. - Open DeFi's lead supporter is Beijing-based Conflux. Other members include Blockpower Capital and Sequoia China. Binance is "considering joining," according to a Decrypt reporter.
- Open DeFi will act as a startup incubator, providing funds and some business services to Chinese DeFi startups.
- Huobi launched a similar project just two weeks ago, the Global DeFi Alliance. That group comprises major Western DeFi projects like MakerDAO (MKR, DAI) and Compound (COMP).
- The Shanghai Municipal People's Government created The Shanghai Qi Zhi Institute, a cooperative between Shanghai and Tsinghua University to research AI, modern cryptography, high-performance computing system, quantum computing, and quantum AI.
Decrypt
| |
Itaú Bank accuses Badu.com, a Chile-based cryptocurrency exchange, of fraudulently transferring customer funds. Badu denies the allegations. - Brazil's Itau Bank alleges that Badu has not followed regulations and committed fraud before Chile's Free Competition Defense Tribunal. Itaú Bank has further accused Badu.com of forgery, using a fake profile to accomplish fraud.
- Itaú Bank claims that Badu forged bank details, used a false email account, and a digital copy of an identification card to transfer approximately $26,000 worth of pesos to its account.
- Badu spokesperson Diego Vera rebuts that Badu had nothing to do with the theft of bank credentials. He says that the allegations are baseless and that the victim’s credentials were not stolen from the exchange.
- The friction between Itaú Bank and Badu.com is not new. In April 2018, Badu exchange complained to Chile's Tribunal for the Defense of Free Competition and won a case against Itaú Bank for baselessly restricting its checking account access.
Diario Financiero
| |
Bitfinex files a motion to dismiss one of its market manipulation lawsuits. - Plaintiffs accuse cryptocurrency exchange Bitfinex of manipulating cryptocurrency markets and the price of bitcoin through its related stablecoin, Tether (USDT).
- The relationship between Tether printing and the price of bitcoin became so popular in late 2017 that a parody account was formed on Twitter which tracked newly issued Tethers in near-realtime, the Tether Printer.
- At the time of the events in question, Tether claimed that it was backed 1:1 by USD reserves. However, plaintiffs allege that Tether actually issued billions of dollars worth of USDT to Bitfinex without Tether depositing a commensurate amount of USD into its reserves.
- Counsel to Bitfinex claims that Bitfinex had no knowledge of any manipulation and that the accusations also fail as a matter of law.
- On April 25, 2019, New York Attorney General Letitia James claimed that Bitfinex's operators controlled aspects of Tether and "engaged in a cover-up to hide the apparent loss of $850m dollars."
Decrypt
| |
Quick Hits: - Amber Group publishes a theoretical weakness of the Ethereum network in which a large investor temporarily corners its gas market.
- Andrew Bailey, Governor of the Bank of England, says that bitcoin has "proved unsuitable for widespread use in payments." Bailey says that stablecoins are promising, and confirms that the central bank will continue researching the possibility of a central bank digital currency (CBDC).
- BitMEX will open futures markets for EOS (EOS), Chainlink (LINK), Cardano (ADA), and Tezos (XTZ).
- Vault Health offers premium in-home treatments and online doctor's visits for men. No more awkward conversations.*
*This is sponsored content.
| |
 |  | 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. | |
24,062 subscribers
