What’s Happened in the Exciting World of Crypto this Week?

October 12, 2019 in Bitcoin

After another exciting week in the crypto space, here are some of the highlights…

Ripple’s New Partner

Announced on the 9th October earlier this week, Ripple said that they have a new partnership between itself and Finastra, an already established fintech firm. With this new partnership for Ripple, Finastra will be utilising the innovative blockchain tech the San-Francisco firm has under its belt to further enhance its services by providing faster and much more reliable cross-border payments to its thousands of customers. However, on the other hand, Ripple’s product RippleNet is going to be accessed from all of Finastra’s customers who are mainly top financial organisations.

Read more on this here.

Bitcoin ETF

Announced earlier today, the United States Securities and Exchange Commission (SEC) revealed that they have denied the latest Bitcoin exchange-traded fund (ETF) hopeful from Bitwise Asset Management. The proposal was filed by the crypto services firm in collaboration with NYSE Arca, reportedly “has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirements of Exchange Act Section 6(b)(5), and, in particular, the requirement that the rules of a national securities exchange be ‘designed to prevent fraudulent and manipulative acts and practices.’”

Read more on this here.

Bitcoin ATM in Venezuela

The biggest department store in Venezuela has just installed a Bitcoin ATM…

The installation of this BATM though is a joint effort from the Traki store chain’s blockchain arm, CriptoTraki and local crypto exchange, Twenty which is allowing citizens of the nation to buy bitcoin through the US dollar. A local news source said that Traki is running a one-way pilot test, where people would be able to buy bitcoin but not sell them. Traki highlighted that it would introduce a bitcoin-selling option in the second phase. The move would allow users to shift the cryptocurrency for the US dollar AND the Euro.

Read more on this here.

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