Crypto News Digest – July 1st, 2019

Here’s a brief overview of what has been happening in the crypto world in the last week.

Binance has introduced a new trading interface named Binance 2.0 and opened the margin trading feature to all of its users, though not immediately. The potential effect this will have on the market is still unknown. The crypto giant is also in talks with Facebook over the timely listing of its [Libra](( token and the importance of big industry getting involved in the crypto market.

MERJ, the Seychelles securities exchange, became the first in the world to receive regulatory approval for launching a security token exchange, due to the many benefits it will bring compared to traditional financing schemes. Although the date remains unknown, tokens are set to be traded along with other securities already listed on the MERJ Exchange.

Coinbase exchange experienced an outage on June 26th, which resulted in Bitcoin’s price dipping by more than 1700 USD. In other news, the company has conducted research that determined Bitcoin’s popularity in the US is on the rise and that it could be partially explained by the increase in interest and attention it receives from the legislators.

JPMorgan Chase and its corporate clients are set to start trials of its upcoming stablecoin JPM Coin. The goal of the project is to ease and speed up large-scale payments and bond trading, in particular when it comes to cross-border transactions. Goldman Sachs CEO has announced plans to catch up on tokenization and create a JPM-like token to beat the competition.

Opera’s new Opera Touch browser has finally been released for iOS, giving Apple users the ability to manage Ethereum-based tokens and a variety of Dapps using the Ethereum Web3 API. Android and PC versions have been out since the end of 2018. Opera has also partnered with rising start Ontology Network in Dapp development and decentralized finance.

Waves Platform has launched a massive upgrade named Node 1.0 that will enable smart contract and Dapp development on the network’s mainnet. With a new user-friendly programming language called RIDE, the project is now in direct competition with platforms like Ethereum, EOS, and Tron, set to receive attention from developers and grow in capitalization.

Twitch, Amazon’s popular game streaming platform, has renewed its use of Bitpay as an available payment method. Now Twitch users can pay with Bitcoin and Bitcoin Cash, just like they used to before the company shut down the feature. The rollout had been performed quietly without a press release and seemingly due to the crypto bull run.

Bitrue, the Singaporean cryptocurrency exchange, has seen over 4 million USD worth of crypto stolen on June 27th in a hack of the company’s XRP and Cardano (ADA) assets. Bitrue has promised that none of the users’ personal funds will be affected and that it will undergo an emergency inspection of all systems and operations to prevent attacks in the future.

Square, a financial services and payments company, has begun rolling out Bitcoin deposits in the mobile Cash App. In addition to buying and selling Bitcoin, some users can now make use of third-party wallets to store Bitcoin from within the app. The move has come after the company had been heavily investing in BTC and will further increase its already growing stock price.

Bitcoin IRA, a digital asset Individual Retirement Account (IRA) company, has launched its first self-directed IRA with 12 available cryptocurrencies and instantaneous account creation. Having started in 2016, the company is ready to work with verification procedures that are necessary for retirement investments in cryptocurrency and hopeful about the future of this thriving industry.

Fraudsters have launched a phishing site Calì that mimics Facebook’s wallet website but offers visitors to partake in a pre-sale of the Libra token. The IP address had been tracked to Moscow, Russia, and does not have any connection to Facebook. It is unknown whether anybody lost their funds to the scheme, and the website has already been shut down.

America’s Commodity Futures Trading Commission (CFTC) has approved LedgerX, the US Bitcoin derivatives, to trade Bitcoin futures with the physical settlement of the futures contracts. This will further expand the services LedgerX has to offer, but swaps and options will continue to be the company’s core product. It is hesitant to roll out updates until all testing is completed.

Ripple has partnered with Coinfirm, a regtech company, to increase transparency and comply with the new guidelines set by the Financial Action Task Force (FATF). This will include tracking and sharing transaction information between crypto exchanges, payment networks and other operators of cryptocurrency, similar to AML initiatives in the traditional financial system.

Walmart’s has partnered with VeChain, PwC and others in an effort called the Blockchain Traceability System aimed to deliver blockchain-based food safety and quality management. Customers will be able to see a product’s route to the store and inspection reports. Following the news, VET had experienced a sharp increase in value in a matter of hours.

Overall, it’s been a bad week for crypto. Due to many different factors, BTC has seen a number of ups and downs, having twice surpassed the 13 thousand USD mark and falling back to below 11 thousand. It had a net loss of around 3%. As to the biggest altcoins that you can use in this wallet, ETH proved to be the toughest having gone down in value by just 7%. LTC, BNB and DASH had all lost more than 11% of their market cap, and BCH had it even worse at around negative 15%. These are the top performers of the week.