House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC's crypto guidance after he takes office next year.
via CoinDesk
Friday, December 4, 2020
CryptoCurrency News: US House Financial Services Chair Waters Recommends Joe Biden Rescind OCC Crypto Guidance
House Financial Services Chair Maxine Waters told President-elect Joe Biden to undo the OCC's crypto guidance after he takes office next year.
via CoinDesk
CryptoCurrency News: MicroStrategy Buys Additional $50M in Bitcoin
MicroStrategy's share prices have increased over 170% since the company first announced its interest in bitcoin in July.
via CoinDesk
CryptoCurrency News: What Is a CBDC?
A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.
via CoinDesk
CryptoCurrency News: Market Wrap: Bitcoin Dips Below $19,000 as Ether Options Volume Drops
Bitcoin briefly dropped below $19,000 on a low-volume day while the ether options market seems to be in decline for now.
via CoinDesk
CryptoCurrency News: A ‘Santa Claus Rally’ for the Stock Market?
Since 1969, 34 out of 45 years have seen a late December rally. Here are 5 reasons why that might not happen this year.
via CoinDesk
CryptoCurrency News: Solana Devs Call ‘All Hands on Deck’ as Unknown Bug Stops Block Production
Solana, a proof-of-stake (PoS) blockchain spearhead by FTX CEO Sam Bankman-Fried, is "stuck" due to an unknown issue.
via CoinDesk
CryptoCurrency News: Money Reimagined: Bitcoin vs. Gold Is a Battle of Narratives
The success of a store-of-value asset, like bitcoin or gold, isn't just a matter of durability, fungibility or scarcity. It's about whether people believe in it.
via CoinDesk
CryptoCurrency News: Blockchain Bites: Price Point! Bitcoin at $50K? $60K? $318K?
Traders have begun unwrapping tokenized bitcoins. The U.S. Treasury Department will keep a vigilant eye on digital innovations. And trading volumes on OKEx have plummeted.
via CoinDesk
CryptoCurrency News: Citigroup Helping World Governments Build Digital Currencies, CEO Says
Michael Corbat's multinational banking giant has been calling digital currency all but inevitable since 2014.
via CoinDesk
CryptoCurrency News: Jack Ma’s Ant Group, 3 Other Digital Banks Get OK to Operate in Singapore
The approved digital banks will be able to start operating from Singapore in early 2022.
via CoinDesk
CryptoCurrency News: Bolivia Essentially Banned Crypto but Blockchain Advocates Are Pushing Back
Bolivia is one of the rare countries that has essentially banned cryptocurrency, but the nation's blockchain advocates aren't giving up.
via CoinDesk
CryptoCurrency News: First Mover: Bitcoin Below $19K and Customers Flee OKEx
OKEx appears to suffer customer outflows after lifting of five-week withdrawal suspension, highlighting the existential threat of operational risk.
via CoinDesk
CryptoCurrency News: OCC Chief Hints at Coming ‘Good’ Actions on Crypto by End of Trump’s Term
Brooks hinted at a flurry of crypto clarity actions in the next 6 weeks that could drive more institutions into the asset class.
via CoinDesk
CryptoCurrency News: Bitcoin Price Could Hit $50K in 2021, Bloomberg Analysts Say
"Bitcoin's macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance," according to Bloomberg.
via CoinDesk
CryptoCurrency News: Russia’s Crypto Community Fears Digital Ruble Plan Means ‘Back to USSR’
Russian cryptocurrency and blockchain association warns the Bank of Russia against the excess centralization of the digital ruble
via CoinDesk
CryptoCurrency News: Ripple CTO Says Majority Vote Would Force the Burning of Billions in XRP
The Ripple exec was responding to a question asking whether a majority vote could force the destruction of XRP held in escrow.
via CoinDesk
CryptoCurrency News: US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation
The department wants state and federal regulators to keep a vigilant watch on digital asset innovation.
via CoinDesk
CryptoCurrency News: OMG Rallies as Genesis Block Ventures Acquires OMG Network
OMG helps speed transactions and lower fees on the Ethereum by handling transactions off-chain,
via CoinDesk
CryptoCurrency News: Stripe Partnering With Goldman, Citigroup, Others to Offer Checking Accounts, Services: Report
Payments processor Stripe is teaming up with banks like Goldman Sachs, Citigroup, and Barclays to provide checking accounts and other banking services, reports the Wall Street Journal. See also: Stripe to Pay $120,000 in PlexCoin ICO Settlement With Massachusetts Attorney General
via CoinDesk
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