BitMEX vs Dr Doom in Taipei

Bitmex CEO Arthur Hayes battles it out with the infamous Nouriel Roubini at the Asia Blockchain Summit in Taipei as the market as a very volatile week and interest continues to creep back into the space.

This week's news

A brief outage Tuesday morning at 10:00AM Eastern took down a number of crypto information and trading sites including Coinbase and CoinMarketCap. The issues cleared up around 10:18AM and most sites seem to be running again. Cloudflare, a CDN provider, first noticed the outage at 1:52PM UTC/9:52 AM Eastern and the impacted sites went down shortly after, wreaking havoc on automatic pricing engines including CoinDesk’s. For a moment CoinDesk’s widget displayed a price of $26 per bitcoin. 

U.K.’s financial watchdog, the Financial Conduct Authority (FCA), has announced today that it is proposing to ban the sale of cryptocurrency derivatives and exchange-traded notes (ETNs) to retail investors. The FCA said it thinks these products are “ill-suited” to retail consumers due to their “extreme volatility.” The products’ underlying assets having “no reliable basis for valuation,” cyber theft and lack of sufficient understanding among retail investors are some other reasons, the regulator said. 

Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3. The new initiative is a collaboration between BTG Pactual and Dubai-based asset manager Dalma Capital, who plan to tokenize a number of traditional assets using the Tezos blockchain and smart contracts platform.

Connor Benoit-Milner