Crypto News 

Congressman Says a “WallCoin” Could Fund Trump’s Border Wall

“Warren Davidson introduced a bill that would the government to raise funds for the border wall with cryptocurrency” writes Aaron Mak for slate.com. Warren Davidson has drafted a bill, called the “Buy a Brick, Build a Wall Act,” that he says would enable the government to raise money for a border wall by creating a cryptocurrency. Now, with the looming threat of a shutdown, we’ve come to the point where cryptocurrency has been added to a list of increasingly unlikely proposals for wall funding.He claimed during a debate that the…

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Crypto Markets News 

2018 was crypto’s year of reckoning, but there’s hope ahead

“And numerous cryptocurrency projects, even well-funded ones like ConsenSys and Bitmain, are laying off staff due to the cryptocurrency market’s decline” writes Stan Schroeder for mashable.com. So, what is the cryptocurrency space building towards?. And though SEC has been turning down proposals for cryptocurrency ETFs throughout 2018 (mostly on the grounds of these markets being easily manipulated), crypto markets are slowly maturing.In May 2017, the value of Ethereum and Bitcoin soared, propelling the total market cap of crypto to $80 billion.The stock markets could go tumbling down and drag crypto…

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Crypto News 

Nigerian Banking Regulator Warns Bitcoin’s Disintermediation Is a ‘Critical Concern’

“The director and chief executive of the Nigeria Deposit Insurance Corporation (NDIC) has expressed concerns about cryptocurrencies and disintermediation, English-language Nigerian news outlet The Sun reported Dec. 12” writes Adrian Zmudzinski for cointelegraph.com. Adikwu Igoche, an NDIC executive, said that cryptocurrencies are not authorized by Nigeria’s Central Bank and consequently aren’t insured by them.This corporation has a supervisory role over insured banks and it reports to the Nigerian Federal Ministry of Finance.As Cointelegraph reported in November, the presidential candidate of Nigeria’s leading opposition party has promised legitimizing crypto and blockchain…

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Crypto News 

VC Investor Says Coinbase Is Looking to Add More Coins

“Coinbase is on a path of adding as many crypto assets as possible” writes Nick Marinoff for livebitcoinnews.com. Will Coinbase add even more coins down the line?. VC investor Arianna Simpson took to social media to clarify the situation and respond to the haters, writing: “I find it amusing that people are so up in arms about Coinbase listing more assets. 1.By providing further options, customers can now explore which assets meet their needs the most and make investing decisions from there. Source: livebitcoinnews.com Share This:

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Crypto News 

Spanish Ruling Party to Introduce Regulation on Blockchain, Crypto

“Spanish ruling party Partido Popular (PP) will introduce a draft bill on cryptocurrencies and blockchain regulation in a few days, local newspaper La Vanguardia reported Dec. 10” writes Ana Berman for cointelegraph.com. Garcia Egea also hinted at the possibility of tax cuts for blockchain startups and companies that deploy decentralized technologies.All those measures are in place to help Spain become a leader in the blockchain industry instead of following along behind other countries, Garcia Egea added.The publication reported that PP’s secretary Teodoro Garcia Egea announced the decision during the opening…

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Crypto Markets News 

As bitcoin trading shifts shape, big money stays away

“Bitfinex trading volumes climbed 38 percent in November, which the firm attributes to traditional investors with roots in high-frequency trading opening accounts since March” writes Midwest Communications Inc for 95kqds.com. She cited the startup’s own “stablecoin” digital currency, which is pegged one-to-one with the dollar and could appeal to institutional investors.But exchanges and industry figures interviewed by Reuters said institutional investors such as asset managers, pension funds and investment banks remain largely absent from bitcoin trading, even as the shape of the market changes.But despite the work by startups and…

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Crypto News 

International Crypto Standards: Will They Come From the Community or Governments?

“There is, then, every reason to believe that the crypto industry will, sooner or later, develop international standards and adopt them at large scale” writes Simon Chandler for cointelegraph.com. The past year has seen an intensifying push toward producing international standards for the cryptocurrency industry.And to an increasing extent, there does appear to be a growing willingness among crypto-related companies to work with each other on developing (international) standards.And like Global Digital Finance, its aim is to devise global industry standards on how crypto-exchanges are run and cryptocurrencies are traded.But…

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Crypto Markets News 

Top Cryptocurrencies See Moderate Losses, Bitcoin Below $3,800

“Wednesday, Dec. 5: All but one the top 20 cryptocurrencies registered losses in the last 24 hours, Bitcoin (BTC) lost most of its recent gains, sinking below $3,800” writes Adrian Zmudzinski for cointelegraph.com. Ethereum (ETH) is still the third cryptocurrency by market capitalization after losing nearly 6 percent in the past 24 hours.Among the top 20 cryptocurrencies, the only ones reporting double-digit losses are Bitcoin Cash (-12.29 percent), Zcash (-10.11 percent) and Maker (-11.12 percent).Ripple (XRP), the second crypto by total market capitalization, is currently trading around $0.339, down 3.6…

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Crypto News 

Chile: Crypto Exchange Loses Ongoing Legal Battle in Supreme Court Ruling

“The Chilean Supreme Court has ruled against crypto exchange Orionx, allowing a state-owned bank to close its account, local news outlet Emol reported Dec. 4” writes Ana Berman for cointelegraph.com. The court decision explains that the nature of cryptocurrencies prevents banks from receiving detailed information on transactions, customers and companies that interact with the assets.In addition to that, the supreme court raised the question of the illicit use of cryptocurrencies, claiming that crypto was involved in money laundering and terrorism financing.The new judgement cited by Emol states that the bank…

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Crypto News 

Report: US Congressman Announces Plans for Federal Cryptocurrency and ICO Regulation

“The U.S. Office of Foreign Assets Control (OFAC), which enforces economic sanctions, views crypto as money and blacklists wallets of sanctioned persons” writes Adrian Zmudzinski for cointelegraph.com. The Financial Crimes Enforcement Network (FINCEN), the agency managing anti-money laundering (AML) and know your client (KYC) standards, views crypto as money.Warren Davidson (R) has announced plans to introduce legislation that would clearly regulate cryptocurrencies and Initial Coin Offerings (ICOs), local Ohio news agency Cleveland.com reports Dec. 3.The Securities and Exchanges Commission (SEC) stance is that most cryptocurrencies are securities. Source: cointelegraph.com Share This:

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