Bitcoin is the mother of all scams•Facebook cleanup continues•Bithumb launches two cryptoindexes•Liquid Network for Big Bitcoin payments are in operation•Crypto Finance is the first cryptoplatform approved by the Swiss regulator

Nouriel Roubini, an influential global economist, was invited to a hearing in "Exploring the Crypocurrency and Blockchain Ecosystem" organized by the US Senate Banking Committee.

During his interview, Roubini called Bitcoin the mother of all the scams and constantly reminded that criminals only use cryptocurrency, that mining is bad for the environment, decentralization is absurd, that most tokens are unmatched with securities (what the only one is right about) and that tokens move the company back to the Stone Age that the blockchain is no better than the spreadsheet ... Read more here: https://www.cnbc.com/2018/10/11/roubini-bitcoin-is-mother-of-all-scams.html

Facebook purges continue
Nathaniel Gleicher, Head of Cybersecurity Policy, and product manager Oscar Rodriguez announced:
"We are now removing 559 pages and 251 accounts that are continually violating our anti spam and coordinated unauthorized behavior policies."
However, there are voices that this censorship seems politically motivated and that Facebook is trying to manipulate the results of the upcoming elections. However, such Facebook behavior can be the ultimate catalyst for the mass adoption of an online censorship platform, such as the Bitcoin Cash Network. Read more here: https://news.bitcoin.com/facebook-purge-continues-559-pages-251-accounts-removed-ahead-of-us-elections/

Bithumb triggers two cryptoindexes

Bithumb, the largest cryptobus in South Korea (according to the volume of stores) launched two crypto-indices - BTMI and BTAI.

BTMI is calculated based on all the cryptocurrency listed on Bithumb, while BTAI takes into account only all non-bit cryptosomenes listed on the stock exchange. The aim is to provide an overall view of price changes in the market for cryptocurrency and a second look at changes in market prices in a Bitcoin-free basket. Bithumb began counting with BTCI on July 1 and updated every 10 seconds. Read more here: https://news.bitcoin.com/korean-exchange-crypto-market-indices/

Liquid Network for Big Bitcoin payments are in operation

Blockstream announced the launch of its Liquid Network. Liquid is described by its creator as a "network equalization network" and is an add-on to Lightning Network. However, while Lightning is designed for micropayments, Liquid is designed to facilitate the rapid and reliable transfer of large volume volumes.

Liquid allows parties to send funds to any destination without having to set up channels in advance. You can store Liquid Bitcoin in both hot and cold wallets. Liquid also has the ability to add Lightning as a second layer, so these two technologies complement each other

Unlike Lightning, which is the secondary layer, Liquid was built as a Bitcoin sidecoin. Allows users to exchange coins from the main blockchain into their side chain in parity 1-to-1. Read more here: https://bitcoinmagazine.com/articles/blockstreams-liquid-network-high-value-bitcoin-payments-live/

Crypto Finance is the first cryptoplatform approved by the Swiss regulator

Swissinfo informs that Crypto Finance has obtained regulatory approval from the Swiss Financial Market Supervision Authority (FINMA). The Crypto Fund now has a license to manage cryptoactives. Jan Brzezek, CEO of the company, explained the impact of this approval on business:

"We are now a full member of a regulated, well-established financial system. FINMA has demanding standards that are valued by regulators around the world. "

The Crypto Finance team hopes for the future and believes this is the beginning of the bridging gap between the so-called real world and its crypto-counterpart. They believe that, as in the hedge fund sector, it will take two or three years until people are convinced to invest in this asset class. Read more here: https://www.livebitcoinnews.com/world-first-switzerlands-finma-awards-asset-management-license-to-a-cryptocurrency-platform/