“This Week in Crypto” Summary for October 11, 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) Algo Capital Loses Crypto Funds After CTO’s Phone Is Hacked
2) Class action suit against Tether & Bitfinex (market manipulation)
3) US SEC Rejects Bitwise Bitcoin ETF Proposal
4) IRS Releases Guidance on Crypto Airdrops and Hard Forks
5) Binance reveals Alipay as a fiat on ramp, Alipay denies and will block all bitcoin transactions

Live YouTube Questions

• Any further clarity on USA residents being part of the Airdrop Family? Or being able to purchase PARSIQ during the sale?
• How is the CSD and Montenegro sandbox progressing?
  We’re now 6 weeks into the development of the CSD, and we will start applying within the next two months, so that we hopefully have an approved application ready to go into the sandbox with the CSD as well in the next 3 months.
• You mentioned that once in the sandbox, CoinMetro can list securities. Didn’t you need the CSD for this?
  We need to wait for the CSD to show a complete capital market infrastructure, but because it’s a sandbox, we will perform basic settlement at CoinMetro until the CSD is available.
• What’s next in terms of development releases?
• Are we getting market makers this month?
  We’re simply waiting for ink on paper. We will then go ahead and push with this initial market maker. We’re already talking with 1-2 other as well.
• Feedback on debit cards?
• What’s new regarding the 33 currencies? (USD?)
• What happened with the USD stablecoin?
• Any word on incentives for holding XCM?
  Lots of things are coming. The MAP project is specifically about how you can track all the different possible ways that you can use XCM and its utility, and you can actually see what you are doing and what everybody else is doing, and see where XCM sits inside our own ecosystem. If it’s liquid or not, how that affects supply, etc.

Reddit Questions

• I remember in the old roadmap, there was something about a merger of CoinMetro and FXPig volumes/products. Still on the horizon?
• Have you decided who will be the next IEO?
• How’s funding?
  Talking with three groups now, including the Brazilians. Still back and forth with the Brazilians. Moving quite fast with the other two groups, expecting some really good news in a very small window of time.
• Tokenized securities will go through CoinMetro Direct, is LHV involved?
• CoinMetro has a great support team, possibly best support in crypto. Have you got new staff trained up ready for scaling up?

The full blog post can be found here.