Top News Daily 08.09.2018

- Coinbase CEO Brian Armstrong: 1 billion people will use cryptocurrencies in 5 years

Cryptocurrency exchange Coinbase CEO Brian Armstrong predicts the number of people in the cryptocurrency ecosystem to grow from the current 40 million to 1 billion in the next five years, TechCrunch reported. In an interview with TechCrunch, Armstrong projected that the crypto ecosystem and the total number of digital currencies will grow substantially, attributing the growth to commercial organizations which develop their own tokens. The tokens would reportedly function together with equity as an alternat.

- Bittrex will launch a crypto-exchange for the Caribbean and Latin America

Bittrex will launch a crypto-exchange platform for residents of the Caribbean and Latin America. The company will be able to expand its sphere of influence through cooperation with the Finnish company Cryptofacil. This will enable residents of the Caribbean region and Latin America to conduct transactions with more than 200 different cryptocurrency assets.

- New SEC Commissioner

Recently, the appointment of a new SEC Commissioner has come into force. It will be the fifth member of the US Securities and Exchange Commission. Now all the cryptocurrency investors and traders are worried about the question whether the decision of the SEC regarding the future bitcoin-ETF will change.

- Chief legal counsel Ripple resigned after two years of work

Ripple’s general counsel Brynly Llyr has left her post, which she had held since November 2016, Quartz reported. The American technology company confirmed to Quartz that Llyr no longer serves at the firm.

- South Korean insurer will offer services to local bitcoin-exchanges

Hanwha Group, one of the largest conglomerates in South Korea, is ready to offer its local insurance services to local crypto exchanges. This decision was caused by numerous hacker attacks, which became frequent in the cryptocurrency sector. Meanwhile, some trading platforms, for example, Upbit, Bithumb, Coinone and Korbit, already have insurance contracts with local companies Heungkuk Fire & Marine Insurance Co. and Hyundai Marine & Fire Insurance Co.,