“This Week in Crypto” Summary for October 18, 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) US Crypto Crackdown: Telegram Token Sale Rejected by SEC
2) Coinbase Gets E-Money License In Ireland, Expanding European Foothold
3) Binance Coin ETP goes live on SIX Swiss stock exchange
4) Binance Burns Over 2 Million BNB: Showing Tremendous Accumulated Revenue of $1 Billion
5) The 18 Millionth Bitcoin To Be Mined today, Only 3 Million Left

Live YouTube Questions

• How long do CoinMetro’s funds still last?
• Any updates regarding the debit card/new currencies?
  IBANs in the UK are done, debit card integration is done. They’re waiting on their main underriding bank to finalize the tech integration on their side. No time frame on that right now, the bank doesn’t want to give a time frame.
• How much has PARSIQ collected so far in their IEO sales?
  We’re sitting around 80-95K Euro.
• Why did you increase the XCM order limits?
• Any updates on LHV’s self-assessment guidelines?
• Will we notice big changes in terms of CoinMetro updates/development after funding in comparison to now?
  Certain pieces within the organization – marketing, support, compliance – will be beefed up. We will more than likely pivot to focus on some other services that we haven’t focused on yet. Development will need to be built out a bit as well.
• How is progress in Montenegro?
  CoinMetro’s application was submitted last week. We were told that it would take roughly 2 weeks to get the application processed. Still within that time frame.
• When do you think funding will be confirmed?
• Do you have enough funds for November or will you sell some XCM to get through the month?
• What about TraM/new website/other features. They seem to get pushed back?
• When do you think we can finally get this snowball rolling?
• Can you give us more information on the passive income algorithms?
  TraM offers passive income, and is where an algorithm trades for you. If the algorithm makes money, you make money. ETCF is also a passive income feature, you’re just picking a basket based on industry/risk profile, and it will be managed for you. Margin posting is also passive income, basically staking your collateral and making money on a daily basis.
  
  We’re working on something that links all those things together. Automatic buy-ins on a weekly/monthly basis for a certain amount. This amount will be distributed the way you want – a percentage towards margin posting, a percentage towards TraM, with an easy way to track it and set goals.
  
  We’re building a lot around the passive income model.

Reddit Questions

• Does CoinMetro want to be an online e-wallet like PayPal?
• Have you ever disclosed how much of CoinMetro’s XCM holdings were sold through normal trading on CoinMetro?
• Why did you change your profile picture on Telegram?
  
• Tell us more about the funding. Brazilians, what other groups are there?
• Who is the potential CSD crypto partner besides Chainlink? How are the talks with Chainlink?
  It’s not necessarily a partnership. We’re trying to see if Chainlink and their oracle system will work for two specific pieces of the CSD infrastructure. Especially in phase one. As we start to move and get more decentralized, it may become less of an issue, but for phase one and possibly phase two it seems like it makes sense.

The full blog post can be found here.