Market Watch | Bitcoin | $10,855 | 7 day: +2.9% | | Ethereum | $365 | 7 day: +4.3% | | All crypto | $337b | 7 day: +6% | | Bitcoin dominance | 58.8% | 7 day: +0.4% | Prices as of 4:30 p.m. EDT
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 Like many cryptocurrencies, SNTR claims to be decentralized Hackers steal $150m from KuCoin exchange. Ensuing actions exemplify the centralized power of the world's largest blockchains and exchanges. Join us to learn about this weekend's theft that prompted decentralized protocols to use centralized powers. We are offering a 14-day free trial for all new subscriptions. We sincerely appreciate your support of independent research. FREE TRIAL  | | | |
 Alibaba headquarters China's $35b Alipay operator, Ant Group, launches a platform for blockchain-based, cross-border trade. Ant Group (formerly Ant Financial) owns Alipay. Ant Group is an affiliate of China's $5 trillion e-commerce giant Alibaba ( 9988.HK). - Ant Group's cross-border platform for blockchain payments will be called "Trusple."
- Guofei Jiang, President of Advanced Technology Business Group, claims that Trusple will solve problems for financial institutions associated with cross-border trading through the use of smart contracts between sellers and buyers.
- These features are common technologies in the crypto industry that have existed for years.
What's really going on? - Ant Group is marketing Trusple ahead of its upcoming $35b IPO, which starts in October.
- Bankers are looking for favorable terms for the capital raise; they plan to list Ant Group in Hong Kong as well as Shanghai's STAR Market.
Reuters 
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 OneCoin investors accuse Bank of New York Mellon (BNY Mellon) of playing a central role in OneCoin's $4b scam. The lawsuit is underway in a New York Federal Court. One of the largest ponzi schemes in crypto history is still being litigated. Join us today for more research into this global unfolding. FREE TRIAL | | | |
SEC clarifies the role of alternative trading systems to facilitate digital asset securities trading in a rare "no-action letter." - On Sept. 25, SEC Deputy Director Elizabeth H. Baird signed a no-action letter in response to a request by the Vice President of Risk Oversight & Operational Regulation of the U.S. Financial Industry Regulatory Authority (FINRA).
- Baird clarified the role of alternative trading systems (ATS) in the settlements of digital asset security trades.
- The letter includes a three-step approach to handling trades ATSs. Baird also discusses a four-step process of how ATSs may facilitate trades. The digital securities discussed in the letter refer to securities held on and exchanged via a distributed ledger system.
- Brian Brooks, the acting Comptroller of the U.S. Office of the Currency supported the no-action letter on Twitter, saying that it would encourage crypto security tokens to trade on registered exchanges.
SEC
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German Finance Minister suggests accelerating the establishment of crypto regulations. - German Finance Minister Olaf Scholz attended a weekly cabinet meeting held in Berlin on Sept. 23 and spoke on hastening financial reforms in the European zone for crypto-asset regulation. and deepening capital markets.
- Finance Minister Scholz agrees with the European Commission's decision to regulate crypto and blockchain tech used in the private sector.
- Scholz will propose reform packages during the next EU Finance Ministry meeting, scheduled for Oct. 6.
Reuters
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Four Israeli secular nationalist party members propose an exemption from capital gains tax for bitcoin. They request the classification of bitcoin as a currency rather than a commodity asset. - The bill aims to amend Israel's Income Tax Ordinance, which states that cryptocurrencies are assets.
- Under current Israeli tax law, the conversion of bitcoin into shekels (fiat) creates a taxable event, with gains subject to capital gains taxation.
- The proposed bill also includes definitions and metrics to aid in the classification of other cryptocurrencies. Some of the metrics include the level of decentralization, liquidity, size, and global distribution.
Globes Israel
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Big-four accounting firm Ernst & Young (EY) releases an enterprise procurement solution based on Ethereum's blockchain. EY has released a free beta version for testing. - EY, one of the world's largest auditing and accounting firms, announces OpsChain Network.
- It aims to solve enterprise procurement concerns by allowing companies to run private, protected, end-to-end procurement actions that leverage Ethereum's public blockchain.
- OpsChain Network will help manage network-level agreements from an ERP system utilizing open-source protocols, such as Ethereum public blockchain network and the Microsoft-backed Baseline Protocol.
Ernst & Young (EY)
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Quick Hits: - Bittrex CEO announced re-opening Cardano (ADA) wallets after weeks of bug fixes in collaboration with Cardano engineers.
- Blockchain celebrity and YouTuber Ivan Liljeqvist shares a concern on Twitter regarding how leaders at the Uniswap (UNI) and Ocean (OCEAN) protocols might have de facto enabled money-laundering by the KuCoin hacker due to not suspending operations of their protocols.
- Bitfinex exchange has listed two new Tether (USDT) and stock derivative products that claim to track European equity market indices: the Europe 50 (EUROPE50IXF0) and Germany 30 (GERMANY30IXF0).
- Filecoin confirms its long-awaited mainnet launch for October.
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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 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. | |
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