Crypto News 

Cathie Wood Claims We Will See an Approved Bitcoin ETF Once Regulation Is in Place

“However, she is confident we will see an approved Bitcoin fund before an ETF. That is a rather interesting statement, to say the very least” writes Jp Buntinx for newsbtc.com. The chances of such a fund getting approved before ETF approval makes a lot of sense.A closed-end fund before a Bitcoin ETF sounds far more logical, on paper. Source: newsbtc.com Share This:

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Markets News 

Renewable fuel regulation doesn’t put ‘America First’

“But what happens to that argument when the renewable fuel is imported from foreign countries?” writes Eric Peters for washingtonexaminer.com. This would actually create a market incentive for renewable fuels production.At the same time, the artificial incentive to import foreign renewables could be tamped down by eliminating their eligibility for RINs.The Renewable Fuels Standard, which requires a certain percentage of ethanol and biofuel diesel be mixed into the nation’s fuel supply, was sold to the public largely on the basis of the mandated fuels being renewable.While the feds can continue…

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News 

Meet the anti-drone: The high-tech system that detects and takes down intruding drones

“As drones will be an indispensable part of future technology, regulation of drones is essential,” Quek said” writes Uptin Saiidi for cnbc.com. Another player in the space is SkySafe, an anti-drone technology backed by Andreessen Horowitz.TeleRadio said it’s currently in discussions and testing its device with governments in Asia and the Middle East as demand for anti-drone systems increases. Source: cnbc.com Share This:

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News Oil 

BNP Paribas to stop financing shale projects

“A BNP Paribas spokeswoman declined to comment on the bank’s exposure to shale and oil sands projects, but analysts estimate that it is limited” writes Noemie Bisserbe for marketwatch.com. Earlier this year, BNP Paribas said it won’t finance coal energy sector companies that aren’t seeking to diversify their energy sources.BNP Paribas won’t finance oil or gas projects in the Arctic region either, the bank said.The shale oil sector has boomed over the last three years, despite a steep drop in oil prices.BNP Paribas is one of the first banks to…

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News Stocks 

House Speaker Ryan says bump stocks should be addressed by regulation, not legislation

“Bump stocks can be attached to a semi-automatic rifle to fire continuously, discharging 400 to 800 rounds in one minute” writes Alan Fram for sun-sentinel.com. Ryan, R-Wis., said lawmakers are trying to figure out why the bureau has allowed the sale of bump stocks.It remains unclear, however, what if any action the federal Bureau of Alcohol, Tobacco, Firearms and Explosives will take on so-called bump stocks.House and Senate bills have been introduced to ban bump stocks.An administrative ruling that curbs bump stocks could ease pressure on Republican members of Congress,…

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Markets News 

Trade-off of sovereignty for market access is certain

“Yet there is still strict domestic regulation on recruitment, meaning that local firms have an advantage over new market entrants” writes Jeremy Warner for telegraph.co.uk. The UK must be lucid about the fact that gains on liberalising regulation with new partners will take hard work to realise.Liberalising a country’s domestic regulation is one of the greatest challenges in trade negotiations.On SPS, the UK will need to decide the trade-off between imposing new burdens for agri-producers exporting to the EU (particularly in the case of Northern Ireland) and the attraction that…

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News 

Trump’s corporate welfare problem

“There are exceptions: Trump’s Food and Drug Administration is moving to remove barriers to generic drugs, and his nominee to head the Export-Import Bank, Scott Garrett, is a strong opponent of corporate welfare” writes Timothy P for washingtonexaminer.com. Sure enough, Trump showed that naivety recently, with regards to the Jones Act, the federal regulation that bars foreign-flagged ships from carrying goods between American ports.After Hurricane Maria, the administration eventually waived the Jones Act with regard to Puerto Rico, so as to remove one barrier to bringing aid to the devastated…

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Crypto News 

Japan’s Financial Services Agency has approved 11 companies as operators of cryptocurrency exchanges

“The Japanese government recognized bitcoin as legal tender in April and required cryptocurrency exchange operators to register with it” writes Min Read for reuters.com. The move was aimed at avoiding a repeat of the failure in 2014 of Tokyo-based Mt Gox, the world’s largest bitcoin exchange at the time.REUTERS/Benoit Tessier/Illustration/File Photo TOKYO (Reuters) – Japan’s Financial Services Agency said on Friday it has approved 11 companies as operators of cryptocurrency exchanges, in a move that sets the country apart from its neighbors which are tightening their grip on virtual money.Beijing…

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News 

Next Repeal and Replace Fight: Obama Climate Change Regulations

“The Clean Power Plan, a regulation, not legislation, has not taken effect and is tied up in a federal appeals court” writes Lisa Friedman for nytimes.com. Of the Clean Power Plan, she said, “It may be difficult to fully repeal.” The Clean Power Plan aimed to reduce carbon dioxide emissions from existing power plants 32 percent below 2005 levels and required each state to develop carbon-cutting plans.Pruitt moves to replace the Clean Power Plan, it could signal that he intends to abandon a larger fight to challenge the essential underpinning…

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Crypto News 

Cypherpunk Hackers Weigh In On SEC’s Stricter Cryptocurrency Regulation

“The move was met with mixed reaction from the bitcoin community, an admittedly broad term encompassing a variety of groups and interests” reports ibtimes.com. Hackers like Taaki want to see cryptocurrency provide viable alternatives to capitalism altogether. “It’s making people lots of money.The same hacker who can be hired to steal credit card information could also help a victim of revenge porn reclaim her data and secure her online identity. “I don’t think regulation is a positive thing.I think it’s a net negative,” bitcoin developer Eric Martindale told IBT. “I…

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