Blockchain Daily Digest – October 8th, 2019

1. ‘The SEC Has to Give its Decision: Yes or No’ to Bitcoin ETF Approval, says Bitwise
   The Securities and Exchange Commission (SEC) previously set an Oct. 13 deadline for approving Bitwise Investments’ Bitcoin exchange-traded fund (ETF). With Bitcoin’s high volatility this year, its performance in 2019 remained bullish, although falling by over 20% in one week in September. Bitcoin reached its lowest level in July while hitting its high of over $11,000 in June 2019.  
   
   
2. Bitfinex and Tether Face Market Manipulation Class Action Lawsuit
   Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history. 
   
   
3. Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform
   Dubai’s Department of Economic Development has announced its move to a Unified Business Registry Platform (UBRP).
    
4. South Korean Bank, KB Kookmin, Shares Blockchain Strategy
   As reported by South Korean JoongAng Daily on Monday, the institution recently previewed the multitude of benefits to the financial industry that blockchain technology can provide.
   
   
5. UK Financial Watchdog Increased Crypto Investigations by 74% in 2019
   The Financial Conduct Authority (FCA), the primary financial regulatory body in the United Kingdom, has seen a sharp rise of 74% in crypto-related investigations in 2019.  

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