Home ICYMI Ripple CEO Begs Congress for Clarity, BitMarket Owner Found Dead, Tether $4...

Ripple CEO Begs Congress for Clarity, BitMarket Owner Found Dead, Tether $4 Billion Market Cap

TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Ripple CEO Brad Garlinghouse wrote an open letter to Congress. BitMarket exchange co-founder found dead. Tether reaches $4 billion market capitalization. Croatian post offices exchange crypto for cash. Bitcoin Cash price could reach $800+ zone, and BitcoinBCH.com rolls out a Bitcoin Cash-based travel agency for an upcoming conference in Australia.

Ripple CEO Writes Open Letter to US Congress

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Ripple CEO Brad Garlinghouse and Ripple co-founder Chris Larsen have written an open letter to the Congress regarding the current regulatory uncertainty cryptocurrency startups and exchanges are facing. Ripple representatives asked US lawmakers “support regulation that does not disadvantage U.S. companies using these technologies.” The letter finishes by stating that “without regulatory clarity, we risk pushing the innovation, tax revenue and jobs that these new technologies create overseas.”

BitMarket Exchange Co-Owner Found Dead

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One of the owners of the Polish exchange BitMarket was found dead due to an apparent gunshot wound to the head. Tobiasz Niemiro (44), supposedly committed suicide according to a local newspaper, but the circumstances in which he died are being qualified as strange. A fellow businessman revealed an e-mail suggested: “it seemed like he had found himself in an environment of shady businessmen.” BitMarket closed its doors, citing liquidity problems and leaving more than 400 users with losses of up to $23 million.

Tether Market Cap Reaches $4 Billion

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Tether, the most important stablecoin in the crypto market, reached an all-time high market cap of more than $4 billion, with 1.5 billion USDT having been minted this July. Most of the newly minted coins are being issued as ERC20 tokens on top of the Ethereum blockchain. Tether trading volumes have also surpassed BTC, a clear message the market finds USDT useful for many purposes, even if they are being sued by the state of New York.

Croatian Post Offices Exchange Crypto for Cash

Hrvatska Posta, the postal service of Croatia, announced they now allow people to exchange cryptocurrencies for fiat at any of their 1,016 offices across the country. Users just need to fill an exchange form and send the cryptocurrency, and the fiat money will be delivered to any postal office. Users of the service will be able to receive a max of approx 10K euros. Electrocoin, a third party exchange company, is handling this pilot test, and the cryptocurrencies supported are bitcoin, ether, stellar, XRP and EOS.

Bitcoin Cash Price Could Go To $800+ Zone

A new technical analysis (TA) shows Bitcoin Cash prices could rise to the 800 dollar zone. Currently, the market has entered a bearish zone, but if the price manages to get defended at the $230 level, the TA suggests that it would go on a meteoric rise to $866.60. However, first prices must go through a midpoint goal of $518.41, according to Azeez Mustapha, a crypto analyst at Tron weekly.

Bitcoin Cash Conference Gets BCH-Based Travel Agency

The guys at BitcoinBCH.com, the company behind the Bitcoin Cash City Conference in Australia, have built a basic travel agency platform to serve people from all over the world hoping to attend the event. Those attending can enter the site and provide the information required, and an agent will manage their requests. Users will be able to pay travel expenses with Bitcoin Cash entirely.

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