The global crypto tracking from The Financial Action Task Force, Constantinople delay, and a new stablecoin, this time from Huobi — this weekend was full of news
- Brave browser implements a new subscription feature for supporting creators. From now on, users can activate Brave Rewards and donate BAT tokens to their favorite media and content creators on YouTube and Twitch, on a monthly basis or manually.
- A new research by ICORating shows that 54% of all exchanges with a daily volume over $1 million are vulnerable. The list of vulnerabilities includes code errors, a weak user security, domain security and protocol security. None of the tested exchanges got the maximum security score, Coinbase Pro is the most secure.
- Ilker Dagli from Cyprus created a big red sell button for traders suffering from bear market. Pushing this button instantly liquidates all altcoin positions on Binance, selling them for USDT. This button will support many exchanges, according to Ilker's design.
- According to an accounting firm Ernst & Young the majority of ICOs doesn't have a working product. Only 13% among 141 surveyed projects have a functioning product so far, and most tokens trade below an ICO price.
- The SEC added to its site a new online request form that allows crypto investors and startups to request meetings with the representatives of the regulator. By introducing this form, the SEC hopes to provide help to the participants of the crypto market, who may be seeking advice to comply with regulations.
- The Financial Action Task Force (FATF) plans to set international regulation standards for crypto by June 2019. According to FATF, these standards will be obligatory for exchanges, financial services providers and even crypto wallets.
- Ethereum developers confirmed that the planned Constantinople hard fork will be delayed until 2019. The launch on Ropsten Testnet went awful, causing the chain to split, because all Ethereum clients weren't prepared to support the new fork. To ensure that everything will go smooth, the best decision is to postpone the launch and let everyone prepare for this hard fork, devs said.
- Kenya's government will use blockchain registry in its affordable housing program. It will be used to allocate the 500,000 housing unit to poor citizens with low income by the year 2022.
- Huobi launches its own HUSD stablecoin, that will replace four other stablecoins in trading operations. When Huobi user deposits Paxos Standard (PAX), True USD (TUSD), USD Coin (USDC), or Gemini Dollar (GUSD) on the exchange, any of these coins it will be shown as HUSD. It will be possible then to withdraw them back in any of these four stablecoins. HUSD trading pairs will be available on Huobi at the end of October.