🚀 Another DEX shies away from the U.S. 😔 ~ CEOM Coin

[Sponsored] NavCoin is a truly decentralized cryptocurrency project. Running strong since 2014, NavCoin has withstood the test of time. NavCoin has a completely decentralized governance structure where even the smallest stakes have a vote. There is NO central authority. With the recently added community fund, it has now secured its own future by being able to fund its own development and marketing. Hence the sponsoring of this newsletter, completely funded by the NavCoin Community fund!

🛑 Bancor is cutting off US users from trading on its DEX

Decentralized exchange (DEX) platform Bancor Network is restricting its website functions to it's users based in the U.S.

"US citizens, domiciliary or users from US IPs will no longer be able to use Bancor's web application to convert tokens," - the announcement said.

U.S. users of the DEX will still be able to hold, receive and transfer tokens on the website.

It is important to note that while websites may be blocked, the decentralized nature of DEXs means that users are still able to access its full function if interfacing it directly.

Bancor Blog

🏆 Binance Launched Bitcoin Pegged token on Binance Chain

Binance officially launched Bitcoin-BEP2 (BTCP), a bitcoin-pegged token on the Binance Chain.

The crypto-pegged tokens, based on the exchange's BEP2 format, will be backed by Binance's reserves of bitcoin.

The company is encouraging token teams to issue pegged tokens of their own coins on the Binance Chain.

Binance Blog

🗼 'Phase Zero' of a New Ethereum Blockchain Could Go Live Next January

The next major iteration of the Ethereum (ETH) blockchain – dubbed Ethereum 2.0 – may see a partial launch as early as January 2020.

Since the network's inception, developers have been looking ahead to an eventual transition to a proof-of-stake consensus model, dubbed Serenity.

CoinDesk

✋ "STOP!"; Regulators already wary of Libra ✋

Less than 24 hours after the release of Facebook's cryptocurrency whitepaper, Facebook's Libra (LIBRA) is already causing the concerns Bitcoin (BTC) has yet to generate.

In the US, Congresswoman Maxine Waters asked Facebook to halt development of the Libra Network until hearings can be held.

The move follows a letter written to her by her Republican counterpart, Representative Patrick McHenry.

Whereas In Europe, French Finance Minister Bruno Le Maire declared "It can't and it must not happen,"

A German EU parliament member expressed concern that Facebook will be at risk of becoming a "shadow bank".

CoinGecko will continue to track the development of Libra, you may track Libra on CoinGecko here.