Recap | Institutional demand for Bitcoin and Ethereum causes Grayscale AUM to nearly triple, reduces exposure to XRP | "Zuckbucks" encounters resistance due to Facebook’s damaged reputation

📈 BTC: $9840 (+2.7%) 📈 ETH: $214.46 (+6.3%) 📈 XRP: $0.31 (+4.9%)

Institutional demand for Bitcoin and Ethereum causes Grayscale AUM to nearly triple, reduces exposure to XRP

Institutional demand for Bitcoin and Ethereum causes Grayscale AUM to nearly triple, reduces exposure to XRP

Grayscale Investments, a New York-based digital currency asset management firm, released its investment report for Q2 2019.

3 min read →


Zuckbucks encounters resistance due to Facebook’s damaged reputation, Libra may precipitate unfavorable legislation

Zuckbucks” encounters resistance due to Facebook’s damaged reputation, Libra may precipitate unfavorable legislation

Facebook’s Calibra CEO David Marcus took another beating, this time from members of Congress, with one lawmaker even scorning the proposed Libra cryptocurrency as “Zuckbucks.”

3 min read →


Claymore token appears to have exit scammed, all social media accounts deleted

Claymore token appears to have exit scammed, all social media accounts deleted

The team behind the Claymore (CLM) token project, a deflationary cryptocurrency launched on the Ethereum blockchain, appears to have pulled an exit scam.

2 min read →


Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin

Senate hostile towards Libra, Facebook suggests regulators must act or risk losing US dollar dominance to Bitcoin

The focus of the hearing between Facebook’s David Marcus and the Senate on the Libra cryptocurrency was trust—or the lack thereof. Marcus, the head of Calibra, strongly suggested that if the U.S. doesn’t act quickly, Bitcoin could jeopardize the dollar’s dominance.

7 min read →


ICYMI

📉 Crypto markets rattled, Bitcoin breaks below $10,000 as altcoins crash

👀 “Keep Big Tech Out of Finance Act” proposes $1 million per day fine on large tech companies acting as financial institutions

😳 Vitalik Buterin proposes using Bitcoin Cash as Ethereum’s data layer

📈 Growing hashpower means Bitcoin and Bitcoin Cash could halve at the same time

🤦🏻‍♂️ Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals


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