Market Watch | Bitcoin | $10,868 | 7 day: +5.3% | | Ethereum | $379 | 7 day: +2.8% | | All crypto | $349b | 7 day: +5.2% | | Bitcoin dominance | 57.4% | 7 day: +0.5% | Prices as of 2:20 p.m. EDT
| |
INX will utilize GK8's vault for digital asset custody. INX's SEC-registered digital securities offering is ongoing. - INX Ltd. recently made headlines due to its digital asset INX token's initial public offering (IPO), after filing a registration with the SEC on August 20 aiming to sell 130m INX tokens at $0.90. It received criticism after researchers discovered earlier investors' buying those same tokens as cheap as one cent.
- Details regarding its "IPO on-chain" are available here.
- INX already raised the minimum requirement of $7.5m on Sept. 10 and started accepting cryptocurrency deposits on Sept. 14.
- INX Ltd. is a Gibraltar-based cryptocurrency exchange and enlisted the GK8 platform for its blockchain asset and trading platform security on Sept. 16.
- In a tweet, INX mentioned that the upcoming platform will include GK8's air-gapped, patented vault.
- GK8 was founded by cybersecurity professionals Lior Lamesh and Shahar Shamai who previously worked for a classified Israeli cybersecurity unit. INX aims to utilize GK8's patented vault to create, sign, and send blockchain transactions in an offline environment so as to avoid hacking incidents.
CoinTelegraph 
| |
 GPU by Nvidia Nvidia (NASDAQ:NVDA) refuses to share some corporate records related to the late-2017 cryptocurrency boom. Nvidia once marketed its GPU as one of the leading brands of bitcoin mining hardware. After disappointing earnings and missed guidance, the company is still nursing its "crypto hangover." - Counsel to U.S.-based graphics card maker Nvidia have declined to hand over the company's internal documents related to potential misstatements regarding its financial benefit from the late-2017 and early-2018 cryptocurrency boom.
- Nvidia's counsel argued in front of the Vice-Chancellor of the U.S. Chancery Court in Delaware on Sept. 17 that the plaintiffs (a group of investors) have failed to provide credible basis for their demands.
- In the lawsuit, a group of investors accuse Nvidia of misleading them about how much of the company's revenue relied on cryptocurrency miners during the 2017 bull run. They also claim that Nvidia made false statements about the company's earnings potential.
Law360
| |
 A message from 8020 NoCode development is 20% of the cost and effort, for 80% of the result. 8020 is an agency that brings your ideas to life faster, without code. They can design and develop software in days instead of months, without hiring expensive developers. Have an app or website project in mind? Reach out today and see it in the hands of users by the end of the year. Discover what's possible with NoCode. Learn more
| |
Seoul police and detectives continue investigating Bithumb. We previously reported on police raids at Bithumb headquarters here and here. - Once a major South Korean cryptocurrency exchange, Bithumb is under intense scrutiny.
- Per a local news report on Sept. 18, Seoul Metropolitan Police accus Lee Jung-hoon, Chairman and co-owner of Bithumb, of fraud.
- Lee has been summoned for questioning.
- The Seoul Central District Court has also ordered asset seizures of BK Group chairman and Bithumb advisor, Kim Byung-gun.
- Its Seoul-based exchange headquarters have been raided twice in Sept.
- Seoul police have also searched for evidence regarding a dubious BXA token issuance.
- Despite the ongoing investigation, Bithumb continues to report relatively normal trading volumes.
CoinTelegraph
| |
Libra Association hires ex-HSBC James Emmett as a Managing Director. - Emmett, who was the European head of HSBC Bank plc, will join Libra as Managing Director on Oct. 1.
- The stablecoin project initiated by Facebook reportedly welcomed Brock Pierce's Blockchain Capital as its newest member on Sept. 18, alongside 26 other participants.
- Libra has made other high-profile appointments such as Steve Bunnel, former General Counsel of Homeland Security, and Dr. Sterling Daines, Head of Financial Crime Compliance at Credit Suisse.
- Libra applied for a payment system license with the Swiss Financial Markets Supervisory Authority (FINMA) in April.
- Libra has amended its old whitepaper, switching to a single-currency stablecoin rather than a fiat basket.
Coindesk
| |
 A message from TRADE COFFEE Looking to Shake Up Your Coffee Routine? If you’re looking to discover incredible, new coffee, Trade is just the place. They’ve searched the country to bring you over 400 coffees from 55+ of the nation’s best roasters, because great coffee comes from great roasters. Just tell them what you like, and they’ll curate your unique coffee journey with a fresh roast delivered to your door — as often as you want. Get started with 30% off your first bag*. *Offer valid on subscriptions for first-time customers only. See terms. Get Matched
| |
 UNI Uniswap (UNI) doubled in price since yesterday. The market capitalization of the two-day-old cryptocurrency is approximately $6b, larger than Choice Hotels (NYSE:CHH) or Levi Strauss (NYSE:LEVI). - For more about this newly minted voting rights token that is enjoying the exuberance of the booming DeFi sector and its $150m+ giveaway marketing strategy, see yesterday's edition of Inside Cryptocurrency.
- Exemplifying the confusion of retail traders, Unicorn Token (UNI), which shares the same ticker-symbol as Uniswap (UNI), rallied over 10,000% on $4m of trading volume. Unicorn Token has subsequently retraced most of those gains as traders realized their transposition.
- Booming DeFi activity on the Ethereum network is again causing gas prices to soar.
- Uniswap has consumed over 30% of gas fees during the last 24 hours. UNI does not represent equity in Uniswap.
Decrypt
| |
Quick Hits: - Wyoming will pay Chainalysis to verify state banks' compliance with anti-money laundering (AML), Bank Secrecy Act, know-your-customer (KYC), and sanctions requirements. Although Chainalysis does not mention Kraken specifically, the announcement curiously arrives a day after Kraken announced that it had received Wyoming's first-ever banking charter tied to a cryptocurrency exchange company.
- Google ad scammers are targeting DeFi degens.
- Binance's Smart Chain announced a collaboration with PeckShield for DeFi services security and promoting the so-called Cryptosafe Alliance led by Binance exchange.
- ParaSwap, a decentralized exchange aggregator, raised $2.7m in seed funding by 32 investors including Michael Arrington's XRP Capital, Sam Bankman-Fried, and Gary Wang's Alameda Research, Brock Pierce's Blockchain Capital, and Bobby Ong's CoinGecko.
- VeChain (VET) announced its entrance into a government-back organization called China Animal Health and Food Safety Alliance as a council member. VeChain has significant ties with China.
- Slack is gathering industry leaders and product experts at Slack Frontiers, a free virtual conference dedicated to digital transformation.*
*This is a sponsored post. Inside is hiring! Check out our available positions:
| |
 |  | 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 writing an illustrated book about climate change that will be published by Ten Speed Press, an imprint of Penguin Random House. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Bring your project to life without hiring developers. Reach out to NoCode agency 8020.inc. | |
| |
22,419 subscribers
