PayPal Ditches Libra, Crypto Stagnant, Mark Cuban Hates BTC: Hodler's Digest, Sept. 30-Oct. 6

Major U.S. exchanges to jointly define which cryptos are securitiesEstablished American crypto firms, Coinbase and Kraken among them, have teamed up to launch a rating system that defines which digital assets are securities.

In other news, the crypto exchange OKEx has announced it is creating a self-regulated organization with a view to standardizing crypto exchange compliance practices and policies.

Speaking to a French media, the Apple CEO said: "I truly think currency should remain in the hands of the state. I'm not comfortable with the idea that a private entity can create a modern currency." His remarks could be regarded as taking a direct swipe at Facebook's Libra - and also have the potential to rile crypto proponents.

"I'd rather have bananas": Tech billionaire Mark Cuban on BitcoinBillionaire technology investor Mark Cuban made his stance on crypto painfully clear this week - telling a video Q&A session he would be happier owning bananas than Bitcoin.

A Twitter user had asked Cuban why he was so against crypto given his interest in "Providing opportunity for people to grow their net worth." The entrepreneur replied by arguing that BTC has no intrinsic value - just like artwork, comic books and baseball cards.

Cuban then insisted that BTC is too complicated for the average person, and drew parallels between crypto and gold, adding: "You carry around a gold bar - someone's gonna hit your ass, knock you out and steal your gold bar and it's gonna happen again and again and again. I'd rather have bananas, I can eat bananas. Crypto Not so much."

For more info on crypto prices, make sure to read Cointelegraph's market analysis.

Most Memorable Quotations"Here's the thing about crypto, particularly Bitcoin: Bitcoin is worth what somebody will pay for it. I'd rather have bananas, I can eat bananas. Crypto not so much."

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