Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry."
via CoinDesk
Wednesday, December 9, 2020
CryptoCurrency News: US Lawmakers Tell Mnuchin to Back Off From Potential Crypto Wallet Regs
Reps. Warren Davidson, Tom Emmer, Ted Budd and Scott Perry urged Steven Mnuchin to rethink his rumored self-hosted wallet regulations in an open letter Wednesday which warned such rules might "crush a nascent industry."
via CoinDesk
CryptoCurrency News: Fidelity Digital to Accept Bitcoin Collateral on Cash Loans for Institutions
Fidelity Digital Assets is reportedly partnering with crypto lender BlockFi for the new business angle.
via CoinDesk
CryptoCurrency News: Crypto Remittances Prove Their Worth in Latin America
Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.
via CoinDesk
CryptoCurrency News: Over 13% of Bitcoin Crime Proceeds Laundered Through ‘Privacy Wallets’: Elliptic
The number of crypto criminals using so-called privacy wallets to help hide their identities is on the rise, according to analytics firm Elliptic.
via CoinDesk
CryptoCurrency News: Coinbase-Backed Bitso Raises $62M to Expand Crypto Footprint in Brazil
Latin American crypto exchange Bitso has raised a whopping $62 million funding round, the largest in the region for a digital asset firm.
via CoinDesk
CryptoCurrency News: Bitcoin’s Rising Popularity With Investors Means Gold Will ‘Suffer’: JPMorgan
"The adoption of bitcoin by institutional investors has only begun, while for gold, its adoption by institutional investors is very advanced," a JPMorgan managing director wrote in the report.
via CoinDesk
CryptoCurrency News: First CoinSwap Test Could Herald an Era of Stronger Bitcoin Privacy
"A big day for bitcoin privacy" said developer Chris Belcher as he announced a test transaction implementing a promising privacy technology invented years ago
via CoinDesk
CryptoCurrency News: First Mover: Why Wells Fargo Won’t Recommend Bitcoin to Clients
A Wells Fargo unit doesn't recommend bitcoin to clients, since they can't yet hold cryptocurrency in their accounts. What if that ever changed?
via CoinDesk
CryptoCurrency News: One of the World’s Oldest Banks Is Issuing a Euro Stablecoin on Stellar
Germany’s Bankhaus von der Heydt is working with Bitbond for the first direct issuance of a stablecoin by a bank on Stellar, the firms said.
via CoinDesk
CryptoCurrency News: Mastering Blockchain: A Virtual Book Launch in a Physically Distant Yet Still-Connected World
Join Tim O'Reilly, Michael Casey, Adam Levine, Daniel Cawrey and Lorne Lantz among others for a very special "Mastering Blockchain" book launch event.
via CoinDesk
CryptoCurrency News: OKCoin Agrees to List Blockstack’s STX Token in US Following SEC Turnabout
OKCoin announced it will become the first U.S.-based crypto exchange to list Blockstack PBC’s stacks token (STX).
via CoinDesk
CryptoCurrency News: Standard Chartered, Northern Trust to Launch Crypto Custody Service in the UK
Zodia Custody is currently pending approval by the U.K.'s Financial Conduct Authority and is expected to launch in 2021.
via CoinDesk
CryptoCurrency News: Bitcoin’s Options Market Skews Bearish as Spot Price Loses Ground
Bitcoin's fall toward $18,000 has revived demand for short-dated put options as a way to hedge downside risk.
via CoinDesk
CryptoCurrency News: Coinbase UK Discloses 22% Profit Drop in 2019
The British arm of the U.S. cryptocurrency exchange saw a sharp downturn in business in 2019.
via CoinDesk
CryptoCurrency News: ING Bank Opens Up About Crypto Custody Solution at Singapore Fintech Event
Speaking at the Singapore Fintech Festival, ING's blockchain lead spoke publicly for the first time about the bank's trials with digital assets.
via CoinDesk
CryptoCurrency News: Bridgewater’s Ray Dalio Softens Stance on Bitcoin, Says It Has Place in Investors’ Portfolios
The founder of the world's largest hedge fund says bitcoin can for part of a diversified portfolio, though he may still prefer gold.
via CoinDesk
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