Freakerz NEWSCAST 📮 05-10-2019

📮 05-10-2019

📈 MarketCap: $219 B

📊 24h Mcap %: -1.07%

⚠️ Bitcoin Dom: 66.3%

Active Coins: 2,613
24h Vol %: -16.29%
24h Vol: $36 B

1. Huge numbers of Turkish citizens were surprised today to discover an electronic foreclosure notice on their bank accounts. According to a report in local news publication in Turkey, 2.5 million individuals and companies owing tax payments have received the foreclosures, with another 800,000 impacted that have outstanding social security debts. The aggressive action serves as a reminder of the utility of a permissionless payment system like Bitcoin.

2. New York is looking to extend its crypto-focused regulatory staff, according to a job advert post. As outlined in the ad, the new Deputy Superintendent for Virtual Currency will be tasked with creating and maintaining compliance measures for virtual currencies including markets, involved businesses and other regulatory bodies for the New York Department of Financial Services (NYDFS). They’ll Specifically work for the specialized business unit for cryptocurrencies and blockchain – the Division of Research and Innovation.

3. Brave browser has proposed a new Virtual Private Network (VPN) system that would rely upon decentralization and cryptocurrency to give users added anonymity. The company is calling its solution VPN⁰, and will utilize a cryptographic technique called "zero-knowledge proofs" to maintain user anonymity, technique allows a prover to prove to a verifier that a certain statement is true, without disclosing any information except the validity of the statement.

4. The UK’s Financial Conduct Authority (FCA) is reportedly close to deciding whether to ban derivatives trading of Bitcoin and cryptocurrencies. A proposal is already on the table and the regulator is expected to make its decision early next year. Jacqui Hatfield of the international law firm Orrick says there’s no legitimate reason to single out the derivatives trading of digital assets. “This is a knee-jerk reaction. Crypto-derivatives are just as risky as other derivatives.”

5. US-based derivatives exchange CME Group revealed that it is recording increasing institutional interest as the launch of its Bitcoin options is looming. CME now planning to introduce options on Bitcoin futures contracts in the first quarter of next year. “Since we launched bitcoin futures in December 2017, the number one demand from customers has been for options on our futures,” Tim McCourt, global head of EI and alternative investment products at CME.

6. Major United States-based crypto exchange and wallet service provider Coinbase has announced that it will increase trading fees on its professional platform Coinbase Pro. Coinbase Pro currently charges all accounts trading under $100,000 with a 0.15% maker fee and a 0.25% taker fee. After Oct. 7, trades of $10,000 and lower will see maker fees increase by 233% — from 0.15% to 0.50%. Taker fees within the tier will surge 100% — from 0.25% to 0.5%.

7. Morgan Creek Digital co-founder Anthony “Pomp” Pompliano, has expressed an extremely bullish future for the Bitcoin through his tweet. Pomp suggests that at inception, many people probably did not think that Bitcoin would be where it is today, after just about a decade it has grown to $200+ billion asset. With this same growth rate, he believes it’s almost impossible for the biggest world power to ignore cryptocurrency much longer and will eventually adopt Bitcoin as a national currency.

8. According to an anonymous account on 4Chan, October 2019 should be the time when BTC/USD hits $16,000. The unknown source made the prediction in January, along with several others concerning the Bitcoin price. According to them, Bitcoin should have reached $5300 in April and $9200 in July. Both of those predictions came true. Now, interest is mounting about whether 4Chan can score a third correct Bitcoin price forecast in a row.

9. Intercontinental Exchange, the governing body behind the New York Stock Exchange, has executed the first block trade of Bakkt Bitcoin futures contract. ICE revealed the development specifying that the first Bakkt Bitcoin Futures block trade was executed between digital assets merchant bank Galaxy Digital and crypto investment firm XBTO on Oct. 1. The trade, which took place Tuesday, comes on the heels of a disappointing launch last week for the much-hyped Bakkt.

10. Blockchain analytics firm Chainalysis has announced the launch of its on-demand compliance and investigations software for several Ethereum (ETH)-based ERC-20 tokens. The company announced that its Know Your Transaction (KYT) tool now supports tokens such as Basic Attention Token (BAT), DAI, GoldX, Maker (MKR), OmiseGO (OMG) and 0x (ZRX). Company will also roll out support for 23 additional cryptocurrencies, including XRP, DASH, unshielded ZCash (ZEC), Dogecoin (DOGE) and Ethereum Classic (ETC) over the next three months.

11. Tokyo-based crypto exchange Coincheck has launched a program that will allow users to pay for gas using bitcoin. The program is a result of a partnership between Coincheck and a couple of gas companies in Tokyo. Dubbed “Coincheck Gas,” users of the platform can pay their domestic gas bills in bitcoin. According to the press release, BTC payments for gas under the program will attract a 3% discount. Company also said it will gift users 3% of their monthly gas bills in bitcoin sent to their Coincheck wallets.