{"id":395360,"date":"2019-09-07T21:00:09","date_gmt":"2019-09-07T21:00:09","guid":{"rendered":"https:\/\/wncen.com\/?p=395360"},"modified":"2024-06-11T13:25:11","modified_gmt":"2024-06-11T13:25:11","slug":"crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/","title":{"rendered":"Crypto Tidbits: PWC Branch Accepts Bitcoin, Ethereum Istanbul Pushed, Apple Talks Cryptocurrency"},"content":{"rendered":"<p>Another week, another of <a href=\"https:\/\/wncen.com\/?s=Crypto+Tidbits&amp;lang=en\">Crypto Tidbits<\/a>. At long last, the <a href=\"https:\/\/wncen.com\/category\/crypto\/bitcoin\/\">Bitcoin<\/a> price saw some bullish action this week, gaining some 10% over the past seven days according to <a href=\"https:\/\/coin360.com\/?period=7d\" rel=\"nofollow\">Coin360.io<\/a>. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward again, with the 35% correction seen in July and August seemingly having ended.<\/p>\n<p>The fundamentals support the idea that the &#8220;bull is back on&#8221;, with there being a smattering of positive crypto and blockchain developments observed over the past week. They, along with some not so positive news events, are as follows.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-392807 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?resize=1002%2C668\" alt=\"\" width=\"1002\" height=\"668\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=3000 3000w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=2048 2048w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/08\/shutterstock_1085277554-e40.jpg?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<h6 style=\"text-align: center\">Related Reading: <a href=\"https:\/\/wncen.com\/2019\/08\/31\/crypto-tidbits-bakkt-bitcoin-custody-chinas-cryptocurrency-on-the-horizon-xrp-in-hot-water\/\">Crypto Tidbits: Bakkt Bitcoin Custody, China\u2019s Cryptocurrency On the Horizon, XRP In Hot Water<\/a><\/h6>\n<h2>Bitcoin &amp; Crypto Tidbits<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/wncen.com\/2019\/09\/06\/bakkt-still-on-track-for-bitcoin-futures-launch-this-month\/\">Bakkt Starts to Custody Bitcoin Ahead of Futures Launch<\/a>:\u00a0<\/strong>This week, Bakkt finally launched its Bitcoin custody product, giving institutions a way to securely store their BTC via the new platform. \u201cToday our Warehouse opens for customer bitcoin deposits and withdrawals as we prepare for the Bakkt Bitcoin Daily &amp; Monthly Futures, launching September 23. The availability of physical delivery brings more flexibility in managing bitcoin exposure,\u201d the platform announced in a recent tweet.<\/li>\n<li><strong><strong><a href=\"https:\/\/wncen.com\/2019\/09\/05\/ethereum-developers-forge-on-despite-eth-price-slump-fud\/\">Ethereum <\/a>Istanbul Testnet Integration Pushed Back: <\/strong><\/strong>Sorry Ethereum fans, Istanbul hasn\u2019t happened yet. The upgrade (or at least the testnet iteration), which is expected to bring the popular blockchain a number of improvements and changes, was recently pushed back by the core developer team. According to CoinDesk, Hudson Jameson, a community manager at the Ethereum Foundation, told developers in a call on Friday that Istanbul\u2019s testnet activation date will be pushed to October 2nd from the original tentative September 4th date. According to the developers, the later date is due to an influx of Ethereum Improvement Protocols submitted for review for the upgrade.<\/li>\n<li><strong>Federal Reserve Chairman Jerome Powell Drops Comment on Crypto:\u00a0<\/strong>In a meeting in Switzerland sponsored by the Swiss Institute of International Studies, Federal Reserve Chair Jerome Powell touched on the topic of cryptocurrency. He stated, presumably in response to moves from China to launch a digital currency of its own, that his organization is not &#8220;actively considering&#8221; its own cryptocurrency. Powell then touched on Libra, remarking that the Facebook-backed project has the ability to become &#8220;systematically important very quickly.&#8221; Powell didn&#8217;t touch on the regulation of Bitcoin.<\/li>\n<li><strong><strong><a href=\"https:\/\/wncen.com\/2019\/09\/04\/vanecks-bitcoin-product-is-damn-bullish-for-btc-heres-why\/\">VanEck Launches Institutional-Centric Bitcoin Product<\/a>: <\/strong><\/strong>On Tuesday, VanEck Securities Corp. and SolidX Management LLC, two pro-crypto firms that are behind a leading Bitcoin exchange-traded fund (ETF) application, revealed that they were going to be proactive, launching a workaround product. According to Bloomberg, they said that by utilizing a certain rule of a historical securities act, the duo would be able to issue shares in the VanEck SolidX Bitcoin Trust to qualified institutional investors. VanEck\u2019s head of ETF product, Ed Lopez, is hopeful that institutional demand for Bitcoin will materialize in demand for this new \u201cclear\u201d product.<\/li>\n<li><strong>China Confirms &#8216;Deets&#8217; About Centralized Crypto:\u00a0<\/strong>Speaking of central banks, an official of the People&#8217;s Bank of China purportedly stated that the new centralized crypto will be supported across major e-payments platforms, including WeChat Pay and Alipay. Mu Changchun added that the tokens are effectively digital versions of the yuan.<\/li>\n<li><strong>Social Media Giant Telegram Continues Blockchain Launch:\u00a0<\/strong>Social media giant Telegram continues to roll out its own blockchain. The firm recently released the code for running a node for the blockchain, dubbed the Telegram Open Network (TON). Developers can begin launching full nodes, validator nodes, and blockchain explorers for the product, according to a report from CoinDesk.<\/li>\n<li><strong>Samsung Launches a Crypto-Centric Iteration of Galaxy Note 10: <\/strong>According to a\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/samsung-launches-smartphone-meant-to-make-blockchain-friendlier-\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Wall Street Journal Article published Thursday,<\/a> South Korean technology behemoth Samsung is launching an iteration of its flagship smartphone \u2014 the Galaxy Note 10 \u2014 centered around crypto and blockchain. Dubbed the \u201cKlaytnPhone\u201d, a name attributed to the device in reference to social media firm Kakao\u2019s blockchain, the Samsung phone will purportedly only be sold in South Korea. It, the report states, is effectively identical to the stock Note 10. But, it will sport a pre-installed crypto wallet and certain blockchain applications. Also, owners of the device will purportedly be sent some of the Klay cryptocurrency (too bad it&#8217;s not Bitcoin, eh?), the currency of Klaytn.<\/li>\n<li><strong>Binance Launches USD-Backed Stablecoin:\u00a0<\/strong>This week, Binance revealed that it would be launching its own flagship stablecoin, Binance USD (BUSD), which is slated to be pegged 1:1 to the U.S. dollar. For now, the stablecoin will be built on Ethereum and will be created by Binance in collaboration with Paxos. The duo claims that they have received approval from the New York State Department of Financial Services (NYDFS), making BUSD available for New York investors.<\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/cdn-images-1.medium.com\/max\/1600\/1*cMl4UB9_5-nepL2xC9JUKg.png?ssl=1\" loading=\"lazy\"><\/p>\n<ul>\n<li><a href=\"https:\/\/wncen.com\/2019\/09\/05\/apple-sees-long-term-crypto-potential-but-lags-way-behind-competitors\/\"><strong>Apple Sees Potential in Cryptocurrency, Yet Unlikely to Take the Plunge Yet<\/strong><\/a>: Speaking to CNN, Apple finds cryptocurrency &#8220;interesting&#8221; \u2014 whatever that means. Jennifer Bailey, vice president at Apple Pay, explained in an interview that the topic has &#8220;interesting long-term potential&#8221;, but added that right now, Apple&#8217;s digital payments ecosystem is only focused on &#8220;what consumers are using today&#8221;. While this statement was short and seemingly forcefully nebulous, Bailey seems to be hinting that should digital assets gain enough traction, Apple may delve into the crypto game.<\/li>\n<li><strong>PWC&#8217;s Luxembourg Branch Now Accepts BTC:<\/strong> On Monday, PricewaterhouseCoopers (PWC) \u2014 one of the \u201cBig Four\u201d companies \u2014 revealed that one of its regional divisions, Luxembourg, will be accepting payments made in Bitcoin, marking a small yet positive step forward in the adoption cycle of cryptocurrency.<\/li>\n<\/ul>\n<pre>Featured Image from Shutterstock<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Another week, another of Crypto Tidbits. At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days according to Coin360.io. While BTC is trading 4% lower from its weekly highs, analysts are starting to believe that the trend for the cryptocurrency market is finally pointing upward again, with the 35% correction seen in July and August seemingly having ended. The fundamentals support the idea that the &#8220;bull is back on&#8221;, with there being a smattering of positive crypto and blockchain developments observed over the past week. They, along with some not so positive news events, are as follows. Related Reading: Crypto Tidbits: Bakkt Bitcoin Custody, China\u2019s Cryptocurrency On the Horizon, XRP In Hot Water Bitcoin &amp; Crypto Tidbits Bakkt Starts to Custody Bitcoin Ahead of Futures Launch:\u00a0This week, Bakkt finally launched its Bitcoin custody product, giving institutions a way to securely store their BTC via the new platform. \u201cToday our Warehouse opens for customer bitcoin deposits and withdrawals as we prepare for the Bakkt Bitcoin Daily &amp; Monthly Futures, launching September 23. The availability of physical delivery brings more flexibility in managing bitcoin exposure,\u201d the platform announced in a recent tweet. Ethereum Istanbul Testnet Integration Pushed Back: Sorry Ethereum fans, Istanbul hasn\u2019t happened yet. The upgrade (or at least the testnet iteration), which is expected to bring the popular blockchain a number of improvements and changes, was recently pushed back by the core developer team. According to CoinDesk, Hudson Jameson, a community manager at the Ethereum Foundation, told developers in a call on Friday that Istanbul\u2019s testnet activation date will be pushed to October 2nd from the original tentative September 4th date. According to the developers, the later date is due to an influx of Ethereum Improvement Protocols submitted for review for the upgrade. Federal Reserve Chairman Jerome Powell Drops Comment on Crypto:\u00a0In a meeting in Switzerland sponsored by the Swiss Institute of International Studies, Federal Reserve Chair Jerome Powell touched on the topic of cryptocurrency. He stated, presumably in response to moves from China to launch a digital currency of its own, that his organization is not &#8220;actively considering&#8221; its own cryptocurrency. Powell then touched on Libra, remarking that the Facebook-backed project has the ability to become &#8220;systematically important very quickly.&#8221; Powell didn&#8217;t touch on the regulation of Bitcoin. VanEck Launches Institutional-Centric Bitcoin Product: On Tuesday, VanEck Securities Corp. and SolidX Management LLC, two pro-crypto firms that are behind a leading Bitcoin exchange-traded fund (ETF) application, revealed that they were going to be proactive, launching a workaround product. According to Bloomberg, they said that by utilizing a certain rule of a historical securities act, the duo would be able to issue shares in the VanEck SolidX Bitcoin Trust to qualified institutional investors. VanEck\u2019s head of ETF product, Ed Lopez, is hopeful that institutional demand for Bitcoin will materialize in demand for this new \u201cclear\u201d product. China Confirms &#8216;Deets&#8217; About Centralized Crypto:\u00a0Speaking of central banks, an official of the People&#8217;s Bank of China purportedly stated that the new centralized crypto will be supported across major e-payments platforms, including WeChat Pay and Alipay. Mu Changchun added that the tokens are effectively digital versions of the yuan. Social Media Giant Telegram Continues Blockchain Launch:\u00a0Social media giant Telegram continues to roll out its own blockchain. The firm recently released the code for running a node for the blockchain, dubbed the Telegram Open Network (TON). Developers can begin launching full nodes, validator nodes, and blockchain explorers for the product, according to a report from CoinDesk. Samsung Launches a Crypto-Centric Iteration of Galaxy Note 10: According to a\u00a0Wall Street Journal Article published Thursday, South Korean technology behemoth Samsung is launching an iteration of its flagship smartphone \u2014 the Galaxy Note 10 \u2014 centered around crypto and blockchain. Dubbed the \u201cKlaytnPhone\u201d, a name attributed to the device in reference to social media firm Kakao\u2019s blockchain, the Samsung phone will purportedly only be sold in South Korea. It, the report states, is effectively identical to the stock Note 10. But, it will sport a pre-installed crypto wallet and certain blockchain applications. Also, owners of the device will purportedly be sent some of the Klay cryptocurrency (too bad it&#8217;s not Bitcoin, eh?), the currency of Klaytn. Binance Launches USD-Backed Stablecoin:\u00a0This week, Binance revealed that it would be launching its own flagship stablecoin, Binance USD (BUSD), which is slated to be pegged 1:1 to the U.S. dollar. For now, the stablecoin will be built on Ethereum and will be created by Binance in collaboration with Paxos. The duo claims that they have received approval from the New York State Department of Financial Services (NYDFS), making BUSD available for New York investors. Apple Sees Potential in Cryptocurrency, Yet Unlikely to Take the Plunge Yet: Speaking to CNN, Apple finds cryptocurrency &#8220;interesting&#8221; \u2014 whatever that means. Jennifer Bailey, vice president at Apple Pay, explained in an interview that the topic has &#8220;interesting long-term potential&#8221;, but added that right now, Apple&#8217;s digital payments ecosystem is only focused on &#8220;what consumers are using today&#8221;. While this statement was short and seemingly forcefully nebulous, Bailey seems to be hinting that should digital assets gain enough traction, Apple may delve into the crypto game. PWC&#8217;s Luxembourg Branch Now Accepts BTC: On Monday, PricewaterhouseCoopers (PWC) \u2014 one of the \u201cBig Four\u201d companies \u2014 revealed that one of its regional divisions, Luxembourg, will be accepting payments made in Bitcoin, marking a small yet positive step forward in the adoption cycle of cryptocurrency. Featured Image from Shutterstock<\/p>\n","protected":false},"author":497,"featured_media":395364,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,19067,1558],"class_list":["post-395360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-crypto-tidbits","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Crypto Tidbits: PWC Branch Accepts Bitcoin, Ethereum Istanbul Pushed, Apple Talks Cryptocurrency<\/title>\n<meta name=\"description\" content=\"Another week, another of Crypto Tidbits. 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At long last, the Bitcoin price saw some bullish action this week, gaining some 10% over the past seven days\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-07T21:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:25:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/shutterstock_739595833-e03.jpg?fit=3000%2C1673\" \/>\n\t<meta property=\"og:image:width\" content=\"3000\" \/>\n\t<meta property=\"og:image:height\" content=\"1673\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nick Chong\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Chong\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/\"},\"author\":{\"name\":\"Nick Chong\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/4c1114650d72d49c455452d2ce5c981a\"},\"headline\":\"Crypto Tidbits: PWC Branch Accepts Bitcoin, Ethereum Istanbul Pushed, Apple Talks Cryptocurrency\",\"datePublished\":\"2019-09-07T21:00:09+00:00\",\"dateModified\":\"2024-06-11T13:25:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/\"},\"wordCount\":931,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/shutterstock_739595833-e03.jpg?fit=3000%2C1673\",\"keywords\":[\"bitcoin\",\"Crypto Tidbits\",\"cryptocurrency\"],\"articleSection\":[\"Bitcoin\",\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/\",\"url\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/\",\"name\":\"Crypto Tidbits: PWC Branch Accepts Bitcoin, Ethereum Istanbul Pushed, Apple Talks Cryptocurrency\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/crypto-tidbits-pwc-branch-accepts-bitcoin-ethereum-istanbul-pushed-apple-talks-cryptocurrency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/09\/shutterstock_739595833-e03.jpg?fit=3000%2C1673\",\"datePublished\":\"2019-09-07T21:00:09+00:00\",\"dateModified\":\"2024-06-11T13:25:11+00:00\",\"description\":\"Another week, another of Crypto Tidbits. 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