Market Watch




Bitcoin $11,227 7 day Δ: +20.3%
Ethereum $322 7 day Δ: +31.8%
XRP $0.243 7 day Δ: +21%

Prices as of 3:45 p.m. ET













Hackers breached Ledger’s e-commerce and marketing database. The hack was disclosed today but occurred on June 25.

More on the hack:

  • A hacker accessed Ledger’s e-commerce and marketing database consisting of 1 million email addresses, of which 9,500 contained corresponding names, postal addresses, and phone numbers.
  • On July 17, Ledger notified the Commission Nationale de l’Informatique et des Libertés (the French Data Protection Authority).
  • On July 21, Ledger hired Orange Cyberdefense to investigate.
  • Ledger claims to have resolved the issue and reassures clients that payment information and crypto funds we not compromised.







Ledger









The Philippines is considering its own Central Bank Digital Currency (CBDC). Benjamin Diokno, Governor of the Bangko Sentral ng Pilipinas, has tasked a committee to investigate feasibility and policy implications.

More:







Bloomberg









Binance Australia launches. The Australian dollar-to-crypto onramp will be maintained at the main domain binance.com.

Context:

  • Binance launched Binance Lite Australia in March 2019, but users could only purchase bitcoin via internet banking through POLi payments, a subsidiary of The Australian Postal Corporation.
  • Australian dollar deposits and withdrawals by bank account occur through PayID.
  • Unlike Binance’s other country-specific exchanges like Binance.us or Binance.sg, the company is not currently hosting content at Binance.au or Binance.com.au – the latter of which links to a florist shop.
  • Binance Australia is not currently accessible through Binance’s mobile app.







Binance











Coinbase Custody adds storage support for DAD. The microcap token trades less than $10m in average daily volume, almost all of which is generated from Bithumb.

Context of Coinbase Custody’s action:

  • The token is an Ontology (ONT) ecosystem supernode and partner.
  • DAD also operates supernodes on V.systems (VSYS) and Neo (NEO).
  • It claims to be a decentralized advertising blockchain utilizing bitcoin’s Lightning Network.
  • DAD has not uplisted to Coinbase’s main app nor exchange.
  • Coinbase has a history of listing smaller crypto assets, including Orchid (OXT) which also had a market capitalization of less than $10m and was less than three months old as of its listing.







Coinbase Custody









Coindesk publishes an investigative report covering crypto lending company Celsius. Celcius claims to manage over $1b in assets. The company claims to have paid $17m in interest to its depositors.

Issues raised:

  • Report focuses on the background of CEO and Co-founder, Alex Mashinsky, as well as the company’s veiled asset rehypothecation practices.
  • Connections are made between Celsius and BitMEX which VanEck has accused of operating an unregistered securities (futures) exchange.
  • The U.K. Financial Conduct Authority maintains an active warning against BitMEX.
  • The owner of Coindesk, Barry Silbert’s Digital Currency Group, is an investor in another interest-paying crypto lender, Genesis Capital.
  • Today, Celsius expanded its loan collateral types to 26 cryptocurrencies.







Coindesk









Reporter Frank Chaparro claims Robinhood “is likely to scale back aspirations” for crypto trading. Chaparro cites the departure of Robinhood Crypto’s Sina Nader, the cancellation of Robinhood’s U.K. launch, its numerous trading outages, and the suicide of Robinhood options trader Alex Kearns. His report also quotes unnamed sources. Robinhood is valued at over $8b.







The Block Crypto









Other headlines:

  • Coindesk interviews Commodity Futures Trading Commission (CFTC) Chairman Heath Tarbert.
  • Barry Silbert’s Grayscale said it manages $5.1b in assets, besting an earlier report from Bloomberg estimating its assets at $4b.
  • Beijing Certificate Authority establishes Blockchain Security Assessment Service to “audit” Chinese blockchain software.
  • Messari researcher Ryan Watkins analyzes the ongoing Decentralized Finance (DeFi) boom that began with the launch of Compound (COMP)’s liquidity mining program and Coinbase listing.
  • CEO’s and CFO’s talk the winners and losers of the office of the future. *

* This is sponsored content. 


















Written and curated by wide-eyed bitcoin watcher since $1, Aaron Wise. Streaming headline junkie, Associated Press fanboy, eye-strained news terminal watcher, 2017 founder of Cryptocurrency Newsfeed. Temporarily based in Florida while awaiting the construction of cryptopia. 







Editor

Edited by Eduardo Garcia in New York. Eduardo is a graduate of the Columbia Journalism School M.A. Science program and writes regularly for the New York Times Climate Fwd: newsletter. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. 




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