Among the highlights: Bitcoin Cash hard fork, huge profits of Bithumb, regulatory tightening in China and Russia
- Bitcoin Cash may be hard forked in November. Two groups of developers can't agree on its features, releasing their own clients, Bitcoin ABC and Bitcoin SV, incompatible with previous software.
- Bitcoin ETFs, which are now being reviewed again, are more likely to be rejected. According to Jake Chervinsky, an attorney at Kobre Kim LLP, the review process was initiated by Hester Peirce, as it requires only one commissioner to order it, and there is no reason to think that they will be approved after a review.
- Russian Main Directorate for Drugs Control sent a proposition to the Ministry of Finance to criminalize all unregistered operations with cryptocurrencies. In its response, the Ministry of Finance stated that the status of digital currencies was defined by a special law in May 2018, and there is no need for any additional laws yet.
- An analyst found that CNBC tweets about Bitcoin price can be used to trade with 95% accuracy. The only thing you need to do is to take the opposite trade to CNBC because they are wrong most of the time, they were bullish at peaks, and bearish when the price was at the bottom.
- IOTA released its Trinity desktop wallet. it supports Ledger Nano S, as well as Tresor hardware wallet.
- Bithumb exchange reportedly made $35 million in Q1 '18. Despite the hack, that took place in June, and caused a loss of $32M, the exchange recovered and made a profit. Currently, it's number 15 by volume among all crypto exchanges.
- Mt.Gox has begun the process of returning stolen funds to its customers. Nobuaki Kobayashi has announced that all victims can send a claim to be refunded later. The deadline is October, 22.
- Alipay started banning all crypto-related accounts. Ant Financial, the company behind Alipay, explained that it's done to reduce the risk and possible financial losses among its users.
- Indian police arrested five suspected of organizing an MLM crypto scheme. CoinX Trading was promising quick returns to its clients, but the only people who were getting rich were the company founders. At the time of the arrest, they raised more than $1.4M from investors.