Quick weekly news:
- The IRS Is Offering You $625,000 to Crack Monero
- Major food delivery service Just Eat will now allow France customers to pay in BTC
- Chainlink nodes were targeted in an attack last weekend that cost them at least 700 ETH
Other notable events include:
- Crypto firms and investors may avoid the brunt of the trade war between China and the U.S
- BitMEX announced plans to introduce futures markets for two cryptocurrencies
Read more in our Reddit post and keep tabs on the market - LINK
Also, be sure to check out top altcoin gainers and losers of the week ⬇️
Trade war?
Crypto firms and investors may avoid the brunt of the trade war between China and the U.S. In recent months sanctions implemented by both countries have interrupted the flow of capital between the nations’ tech industries – affecting non-crypto startups. Decentralized ownership structure and unique fundraising models make crypto projects immune to geopolitical risks, said Sharlyn Wu, chief investment officer at Huobi. Jump Trading, Paradigm and Pantera are among the companies based in the USA that successfully invested in Hong Kong crypto startups, while Hashkey participated in BlockFi’s Series C.
New pairs
BitMEX announced plans to introduce futures markets for two cryptocurrencies, chainlink (LINK) and tezos (XTZ), the first new coins to appear on the exchange in around two years. These two cryptos have seen triple-digit year-to-date returns. BitMEX last listed a new token in June 2018, when it announced a TRON/BTC futures market. Shortly before that announcement, the exchange removed six altcoin futures markets, including ethereum classic (ETC), zcash (ZEC), and monero (XMR). Notably, the new altcoin futures will trade against tether (USDT) instead of bitcoin (BTC). In Friday’s announcement, BitMEX said the reason for this is because “USDT pairs account for over 60% of overall altcoin volume.”
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