Blockchain Daily Digest – September 25th, 2019

1. Bitfinex Permitted to Withhold Documents About Alleged $850 Million Cover-up
   The Appellate Division of the New York Supreme Court has ruled that Bitfinex is legally allowed to withhold documents pertaining to the alleged cover-up of an $850 million loss on its trading platform.
   
   
2. What Happened: US Committee Hearing with the SEC on Crypto and Libra
   The United States House of Representatives Financial Services Committee held a hearing on Sept. 24 with the Securities and Exchange Commission’s (SEC) five commissioners. Vital topics covered in the hearing include the consideration of cryptocurrencies as securities, regulation of Facebook’s Libra and Calibra, and insider trading.
   
   
3. Google’s Quantum Computer Breakthrough Poses no Risk to Bitcoin
   Cryptographer, Peter Todd, has poured cold water on fresh fears that recent advances in quantum computing could endanger blockchain security. 
   
   
4. Binance Coin Price Slumps to 6-Month Low Following US Version Launch
   Before Litecoin’s 200% rally that spread to Ethereum and Bitcoin—Binance Coin (BNB) was the shepherd that signalled the altcoin herds to rally forth into ‘altseason’.
   
   
5. Bitcoin’s Price Crashes by $1,500 in 24 Hours–Where will the slump end?
   Bitcoin prices have crashed hard—dropping almost $1500 in 24 hours to show double-digit losses. It was down 11.4% and trading at $8,389 as of publishing time. 

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