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Crypto Croissant - Issue #10

BTC hit $7500, an increase from the $5820 highs of last week and the highest point since 02 August 20
Crypto Croissant
Crypto Croissant - Issue #10
By Crypto Croissant • Issue #10 • View online
BTC hit $7500, an increase from the $5820 highs of last week and the highest point since 02 August 2018.
Weekly Roundup:
Over 7000 BTC was stolen by hackers from Binance, which is less than 2% of its total BTC holdings, this was replaced by the Secure Asset Fund for Users (SAFU).
The pressure was on Binance Founder and CEO, Changpeng Zhao, to pursue a ‘reorg’ approach which would mean working with Bitcoin Core developers to roll back the transactions to undo the theft. This action was deemed questionable as the legitimacy of bitcoin was put under the spotlight and therefore was not pursued.
Despite Bitfinex being in the news for covering up their $850M loss with Tether, they’re planning an exchange token offering of 'LEO’ and according to a shareholder, they’ve already received mixed commitments for $1Bn.
During the ConsenSys organised Ethereal Summit in Brooklyn, ConsenSys CEO predicts the re-election of Trump in 2020, the Ethereum Foundation plans on spending $30M in the next 12 months and Decentralised Finance applications or DeFi was a recurring theme at the summit but its importance is being questioned.
Polite request: have you got a friend who’s interested in cryptocurrency and blockchain? We’d really appreciate it if you could forward them this issue! 📨

Binance says more than $40 million in bitcoin stolen in ‘large scale’ hack [Updated]
CZ Binance on Twitter
Bitfinex Token Sale Has Lined Up $1 Billion in Commitments, Shareholder Says - CoinDesk
Fidelity Said to Offer Cryptocurrency Trading Within a Few Weeks
Facebook Revises Policy on Blockchain Ads, Crypto-Related Materials
Curv announces insurance partnership with Munich Re
Why bitcoin isn't a big focus yet at PayPal
Samsung SDS Includes Blockchain Within Digital Transformation Framework
Founding partner Kavita Gupta is stepping down from ConsenSys Ventures
Coinbase loses its first CTO after just one year in the job – TechCrunch
Ethereal Summit
The Big Question at Ethereal Summit NY: Is DeFi Enough for Ethereum?
Ethereum Foundation to Spend $30 Million on Development Over Next Year
ConsenSys CEO Predicts Trump Re-Election, Facebook Breakup and Crypto Revival
We hope you enjoyed this weeks issue! Please send feedback and any suggestions to hammad@cryptocroissant.com.
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