TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. SPICE token gets an exchange listing. Facebook coin, Libra, might not be launched at all. Bitfinex case ruling delayed. Tether available on the Liquid network. OpenBazaar launches Haven mobile market app. Australian Treasury proposes bill restricting the use of cash, and Cryptophyl exchange announces airdrop.
SPICE Token Gets Exchange Listing
CoinEX announced Bitcoin Cash (BCH) SLP token SPICE is now available as an Accelerator on their platform through August 6th, 2019. “Spice is an appreciation token that integrates and ranks social network content. Built on the Simple Ledger Protocol(SLP) for BCH blockchain. By utilizing SpiceBot, Spice works with services such as SpiceFeed which captures all tip content and aggregates it into an overview of the hottest content happening across multiple social networks, eg. Telegram, Twitter, Reddit,” the exchange explained. Token creator(s) SPICEtoshi will be available “for an AMA with SPICEtoshi in CoinEx Telegram Group from 09:00 to 10:00 WED July 31 (UTC),” they also revealed.
Facebook Coin Might Never Be Launched At All
The recent quarterly report from Facebook informed investors that given the negative attention Libra has drawn from regulators it might not launch as expected in 2020, or even at all. Facebook Coin promoters have stated the project has attracted “scrutiny from governments and regulators in multiple jurisdictions and we expect that scrutiny to continue,” so they might not be able to satisfy all the requirements governments from around the world.
Bitfinex Case Ruling Delayed 90 Days
The New York Attorney General’s case against Bitfinex will have to wait to be resolved because the judge wants more time to decide if the exchange really needs to turn over internal documents to prosecutors. The court decided to wait 90 more days to examine all the gathered evidence. Court watchers are divided on which side the delay ultimately helps.
Tether Now Available on Blockstream’s Liquid Network
Tether, the most used stablecoin in the crypto market today, is now available on Blockstream’s Liquid network, a BTC sidechain aiming to provide fast inter-exchange payments and confidential transactions. This, in theory, would allow Tether to be moved almost instantly between exchanges that operate within the Liquid network. With this development, Tether is extending once more the platforms it supports, being issued on top of BTC, Ethereum, Tron, and now Liquid.
OpenBazaar Launches Haven Mobile App
OB1, the developer and operator of decentralized cryptocurrency market OpenBazaar, announced launch of the mobile-based app Haven. It aims to let crypto users and merchants link without having to rely on a centralized market, keeping shopping private. To entice customers to try the app, Haven will be delivering 50% discounts on different merchandise and various gift cards during the whole week. Haven supports BTC, Bitcoin Cash, Litecoin and Zcash.
Australian Treasury Proposes to Restrict Cash Usage
The Australian Treasury is calling for public consultation on draft legislation that would restrict the use of cash for commercial transactions. The proposed bill would limit the amount of cash accepted for goods and services to $10K. Transactions over the mentioned amount would have to go through electronic channels or by cheque. This, according to authorities, is in an effort to “tackle tax evasion and other criminal activities.” Comment submissions will be open until August 12th. If approved, the law will go into effect in 2020.
Cryptophyl Exchange Announces SPICE Airdrop
Cryptophyl, a BCH and SLP token-based cryptocurrency exchange, will offer customers a SPICE token airdrop. According to a blog post detailing the event, the exchange will distribute 5,000,000 Spice tokens freely among their customers based on the amount of Bitcoin Cash they hold at the time of the airdrop. However, a minimum collective capital threshold must be reached, and the amount has not been announced yet.
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