4C Newsflash of August 14

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Market Cap at 11:53 (UTC) – $295,365,068,047 billion
Bitcoin dominance: 68.6%
BTC $11,337.14 (-0.57%)
ETH $211.27 (+0.44%)
XRP $0.299869 (+0.31%)

Samsung adds Bitcoin and Ethereum


According to Samsung Developer Blog, Bitcoin and Ethereum has been added to Samsung Blockchain Keystore. Not only Bitcoin and Ethereum, the developers also added Klaytn, a blockchain created by Kakao. However, the application is only available to the following devices: Galaxy S10e, S10, S10+, S10 5G, Note 10 and Note 10+. Moreover, users from seven countries: Canada, Germany, South Korea, Spain, Switzerland, United States of America and the United Kingdom.

SEC files a lawsuit against Veritasium

SEC recently launched an emergency lawsuit against Veritasium as they quickly freeze $8 million of the ICO fund raised in 2017. The SEC believes that Reginald Reggie Middleton, Veritasium’s CEO is guilty as he involves in selling securities token, misleading the investors, manipulating token price and possible scam.
Further reading: HERE

Barclays stop providing services to Coinbase


Barclays, one of the largest bank in UK has stopped providing service to Coinbase. The news was first reported by an anonymous individual to Coindesk. At the moment, Coinbase temporarily pauses FPS support for UK users and switches to ClearBank. The reasons behind the suspended relationship is unknown as all parties refused to comment.

UK ads authority penalizes Bitmex for misleading
ads


A newspaper ads of Bitmex published in January 3rd, 2019 has shown misleading information to investors. The ads is said to have exaggerated the return on investment and missed out the risk of investment on purpose. ASA, UK advertising authority has taken action against Bitmex these misleading info as the ads has breached CAP Code (Edition 12) rules 3.1 and 3.3 (Misleading advertising), 3.11 (Exaggeration) and 14.1 (Financial products).
Further reading: HERE

SEC continues to delay Bitcoin ETF


On August 12th, SEC released three documents stating that Bitcoin ETFs proposed by Vaneck SolidX, Bitwise Asset Management and Wildshare Phoenix are delayed. SEC believes that further period is needed to consider approving the ETFs.

Source:

https://www.sec.gov/rules/sro/cboebzx/2019/34-86630.pdf
https://www.sec.gov/rules/sro/nysearca/2019/34-86629.pdf
https://www.sec.gov/rules/sro/nysearca/2019/34-86631.pdf


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