“This Week in Crypto” Summary for October 4, 2019

Check out their weekly “This Week in Crypto” summary in their blog post or watch the full video here.

Crypto Market News Highlights:
1) Pompliano: The U.S. Must Tokenize the Dollar to Remain Competitive
2) Blockchain Transparency Institute: 64% of Tether is used for fake trading
3) Ripple acquires Icelandic crypto exchange (Algrim) to expand presence in Europe
4) Sia Network’s Creator, Nebulous, Settles With SEC For $225k; Like Block.One’s EOS, No Fault Admitted
5) Institutional Investors are Manipulating the Price of Bitcoin: Arcane Research Report


Live YouTube Questions

• When is funding expected?
• Are you happy with the PARSIQ IEO? Will there be more marketing?
• How is the CSD development going?
  It’s going well. We’re in the third week of the first four months development cycle to get the MVP into the sandbox. The project lead in Latvia is on-point with his organization. We are very, very impressed with how they put everything together and how tight their sprints are.
• How is the progress in Montenegro?
  Montenegro is going great. Kevin is going back there in November for a workshop with the central bank to do a DVP, that’s Delivery versus Payment, basically settlement with the central bank using stablecoins.
• Any big news from your Korean trip?
  Lots of good talks for business development. Kevin and Sergey from Chainlink had an hour long conversation, mostly wrapped around the CSD. We’re going to establish a relationship there to see how we can use the Chainlink oracles in the CSD to take fungible tokens, but add non-fungible values to them via oracles pulling off-chain data.
  Kevin talked to Algorand about working with the CSD. Possibly getting some money out of their foundation. Few other things happened, Kevin made a few contacts for possible listings, fundraising opportunities, and IEOs as well.
• How long until CoinMetro is able to list securities in the sandbox?
  We should apply next week, not sure how long it will take to get approved – likely quite fast. Hopefully before the end of the month.
• Has CoinMetro benefitted from lots of sign ups from this IEO?
• How do you think CoinMetro will look like at the end of the year? Will everything go according to your plan?
• Can you share anything noteworthy about the market maker “testing a bot” earlier this week?
• Are you still focused on the big retail market or more on the big volume traders?
• What is the benefit of using Chainlink for the CSD?
  The oracles will allow us to pull in off-chain data and then peg that to an on-chain asset. Meaning that we may be able to take a fungible token and add non-fungible values to them. Meaning that KYC can be applied to that token and it and travel in the block.
• What can we expect by the end of the month?
  Expecting the website to be completed. TraM should be released. We may start to see some additional IBANs and currencies rolling in, that really depends on our partner.
  We’ll probably see the new platforms come out, such as the Express platform. Our Pro platform will have Margin and Trade combined in it.
• Are you still hanging on to your vision of turning CoinMetro into a worldwide FinTech that will change the financial market for the better?

The full blog post can be found here.