City blockchain group Setl loses co-founder after spat
Yolanda Bobeldijk – Financial News
Setl, the blockchain startup founded by City trading veteran Peter Randall, has lost one of its co-founders after a dispute about the future direction of the company.
Francois Barthelemy left in June, according to filings with Companies House. He and Randall, the former chief executive of stock exchange group Chi-X — now part of Cboe Global Markets — co-founded Setl in 2015.
Bitcoin Fever Persists With Fresh ETF Proposal
Asjylyn Loder – WSJ
A new request for Wall Street’s top regulator to allow the launch of a cryptocurrency exchange-traded fund is a sign that bitcoin fever isn’t going away anytime soon.
Could blockchain solve China’s food and drug safety problems?; In the wake of China’s latest vaccine scandal, many are pointing to the technology behind bitcoin as a possible solution. For others, it has too many drawbacks
Amanda Lee – South China Morning Post
A scandal involving a Chinese pharmaceutical firm that forged documents relating to a rabies vaccine for babies has sparked a debate about whether blockchain, the technology best known for underpinning bitcoin, could be a solution to the nation’s food and drug safety problems.
Bitcoin And Crypto Use Gets Coinbase Boost In Europe
Billy Bambrough – Fortune
One of the world’s largest bitcoin and cryptocurrency exchanges, the San Francisco-based Coinbase, is hoping to grow its footprint in Europe with digital gift cards, as users continue to struggle to get their hands on their crypto gains.
Coinbase Strikes Partnership for Crypto Gift Cards in Europe
Lily Katz – Bloomberg
Cryptocurrency exchange Coinbase Inc. is rolling out a new feature that will allow customers in Europe to cash out their crypto coins for digital gift cards.
Cryptocurrency Faces Anti-Competitive Hurdles, EU Parliament Research Shows
Christine Masters – Cryptovest
The European Parliament Committee on Economic and Monetary Affairs (ECON) sees crypto assets as an indispensable element of European financial technology (fintech) and warns against anti-competitive behavior by traditional banks. A paper, crafted by the Policy Department for Economic, Scientific and Quality of Life Policies, suggests that organizations and entities could issue crypto assets in lieu of money, as a form of value exchange.
Keep an Eye on What Bitcoin Miners Are Doing During This Rally
Olga Kharif – Bloomberg
Researcher says more digital coins are being sold than mined; Miners often sell new coins to meet operating expenses
Bitcoin bulls may want to pay closer attention to the miners. In the last 24 hours, the companies whose computers perform the calculations that validate each transaction and are rewarded with new digital tokens, sold more coins than they mined, according to data from Cryptocomposite.com, a soon-to-be-launched analytics provider. Miners sold $17.3 million of coins, while they earned around $14.4 million, the company said.
Coinbase Reveal Results of Internal Investigation
Anca Faget – Coindoo
Coinbase has unofficially disclosed that its internal investigation that was aimed at exposing insider trading of Bitcoin Cash came up with no evidence of criminal activity.
The largest cryptocurrency exchange in the US told Fortune in private comments that as of last week, the highly-expected investigation has reached its conclusion, but that “no disciplinary action” would be applied.