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“# Nebraska senator introduces bills to allow state banks to custody crypto ” A Nebraska state senator has proposed new crypto-friendly legislation which could see his state become the next regulatory safe haven for FinTech firms. Sworn in just two weeks ago, Republican Mike Flood today introduced the Transactions in Digital Assets Act and Adopt…
“# Bitcoin and altcoins correct after Yellen’s ‘illicit financing’ critique ” On Tuesday, Ether (ETH) underwent a bullish breakout which propelled the price to a new all-time high at $1,428. While the move may have been technical, the fundamentals for Etheruem continue to improve as less than one month after launch there is now $3.8…
“# Biden’s Treasury Secretary nominee calls cryptocurrencies a ‘particular concern’ for AML ” Janet Yellen, a former leader at the Federal Reserve and Joe Biden’s pick for Treasury Secretary, is still suspicious of crypto as a threat for illicit financing. In a virtual hearing of the U.S. Senate Finance Committee held today, Yellen faced questions…
“# Former Canadian prime minister names Bitcoin as possible reserve currency ” Stephen Harper, who served as prime minister of Canada for nine years, says there may be a place for Bitcoin and central bank digital currencies as part of a basket of reserve currencies to replace the dollar. In an interview with investment service…
“# Dacxi joins self-regulating trade group CryptoUK as executive member ” Digital asset exchange Dacxi is joining CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry. According to an announcement from CryptoUK today, Dacxi will be joining the group as its 8th executive member alongside exchanges Binance.UK, Coinbase, CryptoCompare, Electroneum, eToro, Ripple and Simmons…
“# ECB president Lagarde renews calls for global regulation of Bitcoin ” The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight. In an interview at the Reuters Next conference — amid an unprecedented bull market for…
“# Former Coinbase compliance exec joins BitGo as new CCO ” BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase. Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz joins BitGo after serving the…
“# ‘Why I’m not investing in nothing burger Bitcoin’: Shark Tank’s Kevin O’Leary ” Businessman Kevin O’Leary, who appears on the reality TV show Shark Tank, seems to be backing away from statements he made in December indicating he might purchase more Bitcoin. In an episode of his YouTube series released today titled “Why I’m…
“# OCC’s Brian Brooks thinks that DeFi can root out bias and fraud in traditional banking ” In an opinion piece published in the Financial Times on Tuesday, Acting Comptroller of the Currency Brian Brooks put forward the need to reconfigure banking regulations for an age of algorithms. Brooks, who currently leads the Treasury’s Office…
“# Bitcoin’s recent correction could be retail-driven, Nexo CEO speculates ” The price of Bitcoin (BTC) has dropped substantially since Jan. 8, totalling a decline of more than $10,000 at time of publication. Retail investors could be part of the rationale behind the drop, according to Nexo CEO Antoni Trenchev. “The price correction we’re seeing…