Top stories in the Crypto Roundup:

• New smart contract language for Bitcoin posted to bitcoin-dev mailing list.
• Square Crypto makes first full-time Bitcoin developer hire.
• SEC announces $268,998 settlement with Russia-based ICO Rating.

The BTC/USD pair broke lower overnight (UTC), falling below all three of the 14, 50, and 100 EMAs on the one-hour timeframe. Ethereum Classic (ETC) bucked the downward trend set by virtually all large-cap cryptocurrencies, rising 11% as anticipation over its mid-September Atlantis hard fork grows.

At the time of writing, Bitcoin (BTC) is trading at $10,164.75 (-6.08%) with a daily trusted volume of $1.96 bn. As for ether (ETH) it is trading at $187.41 (-6.51%) with daily trusted volume of $385.07 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,309.47 (-4.24%).

New Bitcoin Smart Contract Language Unveiled

Blockstream co-founder Pieter Wuille posted to the bitcoin-dev mailing list on Monday a project he and fellow head of research Andrew Poelstra and former intern Sanket Sanjalkar had “been working on for the past year or so:” Miniscript, a language for writing (a subset of) Bitcoin Scripts. 

The Miniscript language aims to make it easier for programmers to write up smart contracts or conditions for spending bitcoins; tasks that have proven relatively difficult to perform when using Bitcoin’s Script language. Wuille, Poelstra, and Sanjalkar have already built working implementations of Miniscript in the C++ and Rust programming languages.

Square Crypto Makes First Full-Time Bitcoin Developer Hire

Square Crypto - the division of payments solutions provider Square that is focused on open-source Bitcoin development - announced Tuesday the appointment of its first full-time Bitcoin developer in Matt Corallo.

Corallo’s most recent position was at Chaincode Labs, a New York-based Bitcoin and cryptocurrency research and development group. Prior to joining Chaincode Labs, he co-founded one of the world’s leading blockchain technology companies in Blockstream. Corallo is currently has the sixth most commits of any Bitcoin Core contributors, also.

On March 21 of this year, co-founder of Twitter and Square, Jack Dorsey, tweeted that Square was hiring for three to four crypto engineers and one designer “to work full-time on open source contributions to the bitcoin/crypto ecosystem.”

SEC Announces $270k Settlement with ICO Rating

The U.S. Securities and Exchange Commission announced that Russia-based cryptocurrency research and rating firm ICO Rating “has agreed to pay $268,998 to settle charges that it failed to disclose payments received from issuers for publicizing their digital asset securities offerings.”

In a cease-and-desist order filed Tuesday, the financial watchdog explained that “during the period from December 2017 through July 2018,” ICO Rating was paid consideration of $100,572—directly or indirectly—by certain issuers of initial coin offerings (ICOs) it rated and publicized. “However, ICO Rating did not disclose its receipt of this compensation in any manner.”

State of the Crypto by Top Tier Exchange Volume

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