Top stories in the Crypto Roundup:

• Security issues discovered in various Bitcoin Lightning Network projects: Report
• WSJ: a16z hosted a “full-day, private conference in San Francisco” to highlight to multiple regulatory agencies the potential of cryptocurrency and blockchain.
• Brazilian payment-processing giant Cielo starts supporting bitcoin and other cryptocurrency purchases.

For the first time this year, the monthly BTC/USD candle closed in the red for the second consecutive occasion over the weekend. On the lower timeframes, BTC/USD last night returned above the 100-day exponential moving average (EMA) after last week having fallen under it for the first time in roughly five months.

At the time of writing, bitcoin (BTC) is trading at $9,793.5 (+1.64%) with daily trusted volumes of $2.00 bn. As for ether (ETH) it is trading at $171.5 (–0.67%) with daily trusted volumes of $159.18 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,073.1 (+1.16%).

Security Issues Found in Various Bitcoin Lightning Network Projects

Australian software developer Rusty Russell shared in an August 30 Lightning-dev mailing list post that “security issues have been found in various lightning projects which could cause loss of funds.” Russell—who authored the majority part of Bitcoin’s Lightning Network protocol specification—revealed that “full details will be released in 4 weeks.”

Initially proposed in February 2015, the Lightning Network is an experimental second-layer technology built atop Bitcoin that is being developed in an effort to bring faster payments, lower fees and greater transaction throughput to Bitcoin.

WSJ: a16z Hosted ‘Private Conference’ for U.S. Cryptocurrency Regulators

The Wall Street Journal reported on Sunday that top-tier venture capital firm Andreessen Horowitz (‘a16z’) hosted a private event in late May in order to highlight the potential of cryptocurrency and blockchain technology in front of officials from the U.S. Treasury Department, the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CTFC), as well as its portfolio companies operating in the nascent industry.

The Journal—citing regulatory experts—referred to the “full-day, private conference in San Francisco” as “unusual;” explaining how rare it is for so many high-level government agencies to be represented at any single event. What reportedly motivated a16z to host the private meeting was it and its portfolio companies’ desire for the U.S. government to loosen its regulatory stance on cryptocurrency and blockchain technology.

Brazil’s Top Payment Processor Starts Accepting Bitcoin

Brazil’s largest payment-processing company, Cielo, announced support for purchases of bitcoin and other cryptocurrencies on its 1.4 million point-of-sale (PoS) devices. According to Cointelegraph Brasil, Cielo made the announcement at the annual Blockmaster conference. The company is also expected to next month begin rolling out a solution—which will not be a PoS device—that enables cryptocurrency payments

Notably, it was only a few weeks ago when Brazilian bank Banco Inter announced it will be launching a new card payment method which will be supporting payments made with bitcoin and other cryptocurrencies.

State of the Crypto by Top Tier Exchange Volume

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