TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Gaming company EA urges followers to “invest in Crypto,” and Bitcoiners feel trolled. SEC Chairman declares bitcoin needs better regulation. Traders will have to adapt to digital asset markets and fast, according to BitMEX CEO Arthur Hayes. Coinbase adds Dash, explores even more listings, and a second Swiss bank will offer cryptocurrency services.



EA “Invest in Crypto” Tweet Trolls Bitcoiners

invest in Crypto. — Electronic Arts (@EA) September 19, 2019

EA (Electronic Arts), a video game company, surprised the world with a tweet inviting their users to seemingly “invest in Crypto.” It then flew around the ecosystem, with even cryptocurrency exchange Binance’s CEO Changpeng Zhao, “CZ,” getting caught up in the hype. CZ retweeted EA was “not a small gaming company.” Turns out, EA was promoting a new character of in its multiplayer game, Apex Legends. EA was only referring to a new character in the game, Crypto, which is set to be launched next month.

SEC Chairman Declares Bitcoin Needs to be “Better Regulated”

The chairman of the US SEC, Jay Clayton, declared bitcoin must be “better regulated” in order to be traded in major exchanges. Clayton criticized specifically the mechanisms of price discovery in crypto, explaining that “if [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange … they are sorely mistaken.” Clayton believes the only solution to this is getting these assets to trade in other well-regulated exchanges.

Traders Will Lose Weekends When Going Digital, Says BitMEX CEO

The CEO of BitMEX, Arthur Hayes, declared traders will have to adapt to the market going digital in the next 10 years. Hayes predicts these traders could lose their weekends and even their midday breaks, as all markets cross into the digital era. “Some of the practices in our market are going to be mimicked in traditional trading,” Hayes stated, explaining cryptocurrency markets don’t operate following normal market rules. Cryptocurrency markets operate 24 hours a day, without rest.

Coinbase Adds Dash to Coinbase App

Dash (DASH) is launching at https://t.co/bCG11KveHS and in the iOS and Android apps within the next 15 minutes. You may need to update your app to properly buy, sell, convert, send, receive, or store DASH. We will update when DASH is fully live. https://t.co/ZLhqDLmQVD — Coinbase (@coinbase) September 19, 2019

After just a week of having added Dash, a payment based cryptocurrency, to their Coinbase Pro lineup, the exchange launched full trade of the cryptocurrency on the Coinbase App, letting customers hold, purchase, and sell this crypto asset, exposing Dash to millions of Coinbase users. Dash features a masternode mode and confirmation times of 5 minutes, much faster than other cryptocurrencies commonly used for purchases and trading.

Second Bank in Switzerland to Offer Cryptocurrency Services

Arab Bank, a Switzerland-based bank, partnered with a cryptocurrency startup called Taurus to start offering crypto services to their customers. According to the announcement, this partnership will enable Arab Bank to establish services such as custody and brokerage. Rani Jabban, member of the executive committee of the bank, declared this was a “strategic decision for Arab Bank Switzerland.” Their CEO Serge Robin also stated that “blockchain will disrupt the financial industry as we know it.”

Coinbase Exploring New Currency Listings

Under the premise of letting customers gain access to “90% of the aggregate market cap of all digital assets in circulation,” Coinbase is studying the addition of more cryptocurrencies to their lineup. This time, some pretty well-known names are present on their consideration list, such as Telegram token, Filecoin, and Polkadot. In total, there are 17 new currencies being examined to be part of the Coinbase trading ecosystem.

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DYOR: CoinSpice is your home for just spicy crypto things. We’re not affiliated with any cryptocurrency project or token. Each published piece is intended for information purposes only, not investment advice and not in the hope of impacting speculative markets. There are plenty of trading sites and coin-specific advocacy journals out there, we’re neither. CoinSpice strives for rigorous accuracy in our reporting. Information presented here is contingent usually on a host of factors, and the ecosystem moves fast — prices change, projects change, and at warp speed. Do your own research.