- G20 will develop a regulatory framework for payments in digital currencies
The first changes are expected to be proposed at the October meeting of G20 finance ministers in Washington before the next summit in November. The participants will discuss a number of regulatory issues, including the risks of money laundering. The proposed measures should be a response to China's efforts to issue a digital version of Yuan and the creation of the stablecoin Libra.
- Chainlink updated highs around $ 8.50 and entered the top 10 of cryptocurrency markets
Chainlink continued to rise and at today's peak for the first time reached the level of $ 8.50. The growth over the past day was about 40%, over the week - 85%. This allowed LINK to gain a capitalization of more than $ 2.75 billion. As a result, it now ranks tenth in the list of the largest crypto assets, only $ 40 million behind Binance Coin. LINK also contributed to today's jump in record market liquidation volumes for its short positions above $ 5 million.
- Zilliqa integrates Binance USD stablecoin supported by Switcheo
The integration will be achieved through the creation of a “bridge of compatibility” between the Ethereum and Zilliqa chains. Thanks to it, BUSD holders will be able to move the stablecoin from Ethereum to Zilliqa and vice versa. If the zBUSD holder wants to transfer the stablecoin back to the Ethereum network, he will need to burn his tokens, after which the corresponding amount of BUSD will be released in the original contract.
It is expected that in full functionality this bridge will be transferred in the fourth quarter of 2020.
- 336 336 BTC stolen from Cashaa bitcoin exchange
The British fintech company Cashaa, the operator of the cryptocurrency exchange of the same name, announced the hacking of one of the bitcoin wallets. The hacker completely emptied it, withdrawing about 336 BTC (~ $ 3.1 million). The company assured users that their bank accounts are safe, but suspended all operations with cryptocurrencies. A meeting of directors was urgently held to discuss further action.
- Coinbase has begun preparations for a stock offering on the stock market, which could happen later this year. The company is considering the possibility of entering the market through a direct listing, instead of conducting an initial public offer (IPO). It is expected that this will happen before the end of this year. The direct listing will allow shareholders to immediately start selling securities without a lockout period. With this method of placement, the company does not raise new funds. In October 2018, after the completion of the next round of financing, the company was valued at more than $ 8 billion. To place shares on the stock market, Coinbase must obtain SEC approval.
