4C Newsflash of July 3

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Market Cap at 1:28 (UTC) – $322,811,150,43 billion

?Bitcoin dominance: 62.1%?

BTC $11,291.19(+12.4%)
ETH $294.72(+5.68%)
XRP $0.400560 (+2.4%)

Bitcoin hash rate hit a new all time high.

On June 29th, Bitcoin network reached a new ATH in hash rate which is 68,631,992 TH/s. At the time of this writing, (to be updated).

CFTF approve ErisX to launch Bitcoin futures.

After LedgerX, TD Ameritrade-backed ErisX has been granted derivatives clearing organization (DCO) which means ErisX can now launch digital asset futures contracts and it is expected that the exchange will launch the product later this year.

G20 supports FATF’s crypto guideline.

According to The Japan Times, the G20 leaders has reaffirmed their commitment to apply the recent FATF’s crypto guideline which forces crypto exchanges to provide users data. Moreover, G20 leaders do not consider crypto as a threat to global financial stability at this point and are closely monitoring the current market to identify emerging risks.

Further reading: HERE

CME Bitcoin futures record a new trading ATH

On June 26th, CME Bitcoin futures achieve a notional value of $1.7B which is 30% higher compared to the previous high. Additionally, the open interest has also hit a new record which is 6,069 contracts.

US lawmakers to halt Libra

In a recent open letter, five US Congress members has called for a delay on Libra’s development. The party believes that Libra may threaten privacy, trading, national securities and monetary policy to the broader global economy. The letter also points out that Facebook is not safe for investors and consumers as it did not always keep users data safe.

Further reading: HERE

Binance to launch futures trading platform

At Asia Blockchain Summit in Taipei, CZ announced the plan of launching futures trading platform. Initially, the exchange will support BTC/USDT and 20x leverage and a simulation test version is expected to be released within a few weeks. However, there is no exact launch date.

Shinhan Bank is stiffening its policies on crypto exhanges.

According to BEI news, the second largest South Korea Bank, Shinhan Bank is making a significant change toward crypto exchanges. A spokeperson said that a special team dedicated to analyze account transactions will be created to fight financial criminals and frauds involving exchanges. Additionally, the individual also said that the bank will continue to implement preventive measures to safeguard the customers.

Brave allows users to tip Reddit and Vimeo posters.

After Youtube, Brave is expanding to Vimeo and Reddit. According to a reddit thread, tip icons were found during when Brave users opened Vimeo and Reddit. However, a community manager of Brave said that this was not the main release of Brave and it just a preview desktop build. Moreover, he also states after finishing a 3-weeks development cycle, it will be in main soon. On a side note, Brave users can now start verifying their Reddit accounts to receive tip.


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