BitMEX forecasts new crisis, new indexes on Nasdaq, positive adoption news from South Korea, new rules from Localbitcoins, scam app on Google Play, new options for KuCoiners and Coinbase users, ideas as for the potential of credit markets, JP Morgan and the Moshe Hogeg case
- Next global financial crisis is down the road. According to BitMEX, corporate debt investment funds and unconventional debt investment vehicles, encouraged by the deceptively low volatility and low return environment, could be the area where the fragility in the financial system is most significant.
- There will be two new crypto indexes on Nasdaq soon: Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX). They will reflect ‘a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets.’
- Coinbase wallet now allows to backup the encrypted keys on Google Drive and iCloud.
Thus, users are no longer solely dependent on their devices or personal backups and can turn to a safe cloud alternative.
- 46 new blockchain-related patents by South Korea’s Exchange Bank. They’re meant ‘to connect the new business models and the bank's internal system through a blockchain.’
- Opinion: credit markets’ allegedly huge potential and the ways for using them. Some of decentralized lending and credit markets go for the alternative credit market. Such an opportunity is believed to help hodlers make the best of the crypto winter.
- Fake MetaMask app in Google Play Store. Since last Friday the MetaMask app on the Google Play Store ‘was stealing’ cryptocurrency from users’ wallets. However, Google removed the malicious app (and encouraged users to be vigilant.)
- Localbitcoins is working on new user verification rules. The platform has to tighten the process because of the 5th Anti-Money Laundering Directive (5AMLD), enforced by the European Commission in July 2018 (it will come into operation by January 2020). Besides, they’re going to introduce ‘introducing wallet withdrawal and trade volume-based verification tiers.’
- Moshe Hogeg's court case is continuing. Recently his lawyers resisted that due to the fact that 'whitepaper [was] only for descriptive purposes', their client is unfairly charged.
- JPMorgan Chase Test Runs First US Bank Cryptocurrency, the ‘JPM Coin’:
- KuCoin allowed users to buy crypto with a credit card. Bitcoin, Ethereum, XRP and Litecoin are available.
Q: What should I do if I want to buy some #BTC with no #cryptocurrency in my account?— KuCoin Updates (@KuCoinUpdates) February 8, 2019
A: Purchase it on #KuCoin, which provides a credit and debit card service with @SimplexCC
Learn more about buying #crypto with a credit card:https://t.co/NdSqLrO7IH pic.twitter.com/Pc297Dmqwa