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“# Blockchain is good for hodling, but not for voting: Bad Crypto news of the week ” Bitcoin continues to move through the gears. The currency is up more than 12 percent over the week and is now playing with the $18,000 mark. And it’s not just the US dollar that Bitcoin is bashing. It’s…
“# Singapore ready to launch wholesale CBDC, local exec says ” Singapore is ready to launch it’s own central bank digital currency, or CBDC, said Sopnendu Mohanty, chief FinTech officer at Singapore’s central bank and financial regulator, Monetary Authority of Singapore. Speaking on the subject during an exclusive interview with Cointelegraph, Mohanty pointed out that…
“# Morgan Creek and Exos file Bitcoin fund with SEC ” Morgan Creek and Exos Financial filed a new Bitcoin (BTC) fund with the U.S. Securities and Exchange Commission, or SEC, on Thursday. If approved, the fund will offer institutional investors another way to long the flagship cryptocurrency without the volatility of owning it outright. …
“# Outgoing SEC Chair Jay Clayton reveals what’s driving the rise of BTC ” The outgoing SEC Chairman Jay Clayton, who oversaw the rejection of nine Bitcoin ETFs during his tenure, has told CNBC that “inefficiencies” in the current payments systems are continuing to drive the popularity of Bitcoin. Appearing on CNBC’s Squawk Box yesterday…
“# MyEtherWallet founder weighs in on the most crypto-friendly country ” With nations around the world each holding significantly different regulations, what is the most crypto-friendly country? Kosala Hemachandra, CEO and founder of MyEtherWallet, labeled the query as a tough one. “First we have to define what crypto-friendly means,” Hemachandra told Cointelegraph. “Some countries, like…
“# Dress to impress: Crypto payments set for mainstream via compliance ” Mainstream interest for cryptocurrency is becoming ever-apparent as major online payment systems such as PayPal begin to offer support for digital currencies. While a revolutionary step for both the crypto and traditional finance spaces, meeting regulatory requirements is crucial in order for such…
“# World’s dominant crypto futures market could face regulatory shake-up ” Proposed regulations targeting Hong Kong’s blockchain industry could have far-reaching consequences for the crypto derivatives market, according to new research from Messari.io. In a report published on Wednesday, researcher Mira Christanto said the Special Administrative Region of Hong Kong, which happens to be the…
“# Dutch Bitcoin firm reluctantly tightens rules at central bank’s behest ” Bitconic, a Netherlands-based Bitcoin (BTC) exchange, has informed its users that they now need to comply with a new verification measure in order to continue to use their services. The change comes following new requirements from the Dutch central bank, which were published…
“# Dash claims ‘inaccurate categorization’ as ShapeShift delists privacy coins ” It shouldn’t come as a surprise that regulators are starting to pay close attention to cryptocurrencies this year. For instance, as the price of Bitcoin (BTC) continues to soar, it’s predicted that regulators will start taking direct action – possibly even banning Bitcoin completely. …
“# Kyrgyzstan’s central bank developing draft law for cryptocurrency industry ” The central bank for the Central Asian country of Kyrgyzstan is working on a draft law to regulate the cryptocurrency industry in the country. According to an announcement on Nov. 13, the National Bank of the Kyrgyz Republic is developing a draft law that…