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• The Stuggart Börse, Germany’s second largest stock exchange, has announced an initiative to construct a multilateral cryptocurrency trading platform, as well as an initial coin offering (ICO) platform. The exchange already launched in May a crypto trading app called Bison, which features zero-fee transactions.
• The famously hacked cryptocurrency exchange Mt. Gox will repay its creditors in Bitcoin (BTC) and Bitcoin Cash (BCH) instead of cash. The exchange is paying in cryptos in order for the payments to go as smoothly and quickly as possible. Mt. Gox is holding roughly USD$1.3 billion in BTC to repay the creditors with, but will not be able to pay back shareholders.
• A wave of “cryptojacking” has hit Brazil owners of the MikroTik internet router. Trustwave, a cybersecurity company, discovered that all of these Latvia-based routers all used the same Coinhive sitekey. Coinhive is an in-browser program that some websites run to steal CPU power from users in order to mine Monero (XMR).
• A study by CoinDesk finds that free online cryptocurrency exchange data overstates the importance of the JPY¥ as a trading pair with Bitcoin.  While some news sites imply 50% of Bitcoin is traded with JPY¥, CoinDesk suggests this data is flawed since the majority of the JPY¥ trades are using derivatives rather than spot.
• Hong Kong cryptocurrency exchange OKEx says it will have to claw back millions in USD$ following a single user’s large bet on bitcoin futures (the user lost “the bet”).  Each futures contract has a notional value of $100, and OKEx estimate the total value of the position was over $400 million.  OKEx initiated a forced liquidation of the account but because of the size, the exchange has had to trigger “societal loss risk management” mechanisms because of the size of the order.  After insurance coverage is considered, the aggregate loss to investors is around BTC$1,200 (USD$8.8mm), which will "split proportionately by all profited traders' realized + unrealized gains".
• A UBS report suggests the Bitcoin must hit USD$213,000 to replace US money supply.  UBS suggests it isn’t practical to consider Bitcoin a viable alternative to fiat money until the capacity constraints of the Bitcoin network are addressed.  The report also cites the scalability and volatility issues related to BTC.
• BitBay Partners, a cryptocurrency exchange, is partnering with blockchain-powered equity fundraising platform Neufund to enable investors to buy and sell equity tokens with fiat currencies.  Neufund hopes to become the first end-to-end primary issuance platform for security tokens. Neufund already has partnerships with Binance and the Malta Stock Exchange
• South Korea Financial Supervisory Service is advising local regulators to work towards creating an integrated blockchain system for stocks transactions.  The group finds the use of a centralized ledger to be inefficient and vulnerable to hacks.
• Wal-Mart files a patent application for a blockchain technology that will focus on delivery systems, medical record storage, and a digital marketplace.  The patent application discusses the use of the blockchain technology in the context of the Wal-Mart’s Internet of Things (IoT) initiatives.

Sources

https://cointelegraph.com/news/germanys-2nd-largest-stock-exchange-to-launch-ico-platform-multilateral-crypto-trading

https://bitcoinist.com/mt-gox-creditors-bitcoins-next-summer/

https://www.zdnet.com/article/mikrotik-routers-enslaved-in-massive-coinhive-cryptojacking-campaign/#ftag=RSSbaffb68

https://cointelegraph.com/news/lack-of-stability-among-factors-preventing-global-bitcoin-breakout-says-ubs-strategist