TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Facebook Coin Libra development to be blocked by France. Bitcoin.com aims to launch a regulated Bitcoin Cash derivative. Bitcoin logo to be included on WatfordFC uniform. Dash to be listed on Coinbase Pro. Tether swaps $300 million to the Ethereum blockchain, and Dapper Labs develops “Flow” entertainment-oriented blockchain.
Facebook Coin Libra Development to be Blocked by France
Facebook Coin Libra experienced a new defeat delivered by the French government. The French Finance Minister, Bruno Le Maire, said during a virtual asset conference that Facebook Coin Libra could not launch due to sovereign currency and consumer privacy worries. Le Maire stated, “I want to be absolutely clear: in these conditions, we cannot authorize the development of Libra on European soil.”
Bitcoin.com Seeking to Launch a Bitcoin Cash Regulated Derivative
Bitcoin.com is interested in launching a Bitcoin Cash-based derivative regulated by the US regulator, CFTC. With this move, they want to make Bitcoin Cash trading volumes rise and also better the cryptocurrency’s image to be more attractive to institutional investors. “To get from No. 4 to No. 3 or No. 2, we have to see more volume,” declared David Shin, head of the new Bitcoin.com cryptocurrency exchange.
Bitcoin Logo to be Present on Watford Soccer Team Uniform
Find out more about the landmark deal ⤵️
— Watford Football Club (@WatfordFC) September 12, 2019
The Bitcoin logo will be present in the Premier League Watford soccer club uniform sleeve, care of Sportsbet.io. The objective is to pique interests and educate fans about the use of cryptocurrencies. The sponsorship will be crowdfunded, letting anyone bid for LED space within the stadium and also get exclusive merchandise. Justin Le Brocque, Sportsbet Head of Marketing, declared putting the Bitcoin logo in the uniform felt like a “fun way” of giving back to the crypto community.
Dash to be Listed on Coinbase Pro
Dash, the rapid payment oriented cryptocurrency, will be listed by Coinbase Pro. The accumulation and transaction phase will begin the September 16, when Coinbase will start receiving deposits ahead of the full launch on September 17. Only two trading pairs will be enabled: DASH/USD, and DASH/BTC. .
Tether Swaps $300 Million USDT From Omni to Ethereum
In few hours Tether will coordinate with a 3rd party to perform a chain swap (conversion from Omni to ERC20 protocol) for 300M USDt. Tether total supply will not change during this process.
— Tether (@Tether_to) September 12, 2019
Tether, the stablecoin company, seems to be moving their funds from the Bitcoin blockchain to other friendly chains. They announced they have swapped $300 million from their original protocol (Omni) to ERC20 tokens on top of the Ethereum blockchain. The company noted the total supplies would remain the same after this chain swap. Tether has achieved diversification by being present on several blockchains, but it is also creating problems for the Ethereum blockchain, crowding it with 100K+ transactions per day.
CryptoKitties Developer Dapper Labs Create Advanced “Flow” Blockchain
Dapper Labs, the developer of Ethereum hit dApp CryptoKitties, created a new entertainment-focused blockchain called “Flow,” with the investment of $11 million dollars from a16z crypto and Warner Music Group. The PoS (Proof of Stake) based platform, will allow content creators to leverage a higher transaction output than normal blockchains. Ubisoft, developers of franchises like Assassin’s Creed, have partnered with the company to develop games that use the advantages this new platform offers.
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