Bitcoin News Roundup for June 30, 2020

Nov 26, 2019 at 10:00 UTCUpdated Nov 26, 2019 at 16:35 UTCCelo team. Image via CoinDesk archivesEx-DOJ, Capital One Exec to Lead Compliance at Crypto Payments Startup C LabsThe company working on mobile-friendly cryptocurrency payments tool Celo has hired a former U.S. government official and bank executive to head up its global regulatory, risk and…

Blockchain protocols are increasingly offering "point" incentives to users, which are score-counts attached to the vague prospect of future airdrops.Points are fueling a speculative frenzy on Ethereum that's already driven billions of dollars into "retasking" juggernaut EigenLayer and its points-granting spin-offs.Some platforms are letting users directly trade points and bet on leverage, even though points

A Swiss crypto startup launched by several former UBS bankers has raised 100 million CHF, or around $104 million, in a bid to establish a regulated cryptocurrency bank. Called SEBA Crypto AG (SEBA) and based in the Crypto Valley Zug, the startup said on Thursday it secured the funds from domestic and foreign institutional and private…

Financial Transactions and Reports Analysis Centre of Canada said the exchange had committed two “administrative violations” of financial regulations.The fine compares with the $4.3 billion the crypto exchange agreed to pay U.S. authorities.Canadian regulators hit Binance with a C$6 million ($4.3 million) fine on Tuesday, alleging the crypto exchange committed two separate “administrative violations” of

Only three cryptocurrency firms made Forbes' annual list of 50 innovative fintech companies: Chainalysis, Fireblocks and Gauntlet. To qualify for consideration, companies had to be privately owned and based in the U.S.Chainalyis is a blockchain analytics firm that specializes in examining and tracking crypto transactions. The New York-based company, which has raised $535 million and

Nov 9, 2020 at 22:30 UTCUpdated Nov 9, 2020 at 22:37 UTCSEC Commissioner Hester Peirce(Nikhilesh De for CoinDesk)SEC Commissioner Peirce Says Regulations Should Be Slow, Though Crypto Rules Could Be FasterThe U.S. government operates at a slower pace than the private sector when it comes to innovation, but this isn’t necessarily a bad thing, said…

Bitcoin (BTC) miners with low electricity costs and a high sustainable energy mix are the only ones likely to survive in a progressively more competitive environment, JPMorgan (JPM) said in a research report Thursday.The main cost in mining is electricity, which affects the overall cost of bitcoin production, the report said, adding that miners have…

news “Big Sky Country” has gone crypto friendly, with new legislation addressing the use of utility tokens. The governor of the U.S. state of Montana, Steve Bullock, signed House Bill 584 into law earlier this month, recognizing utility tokens and exempting them from being considered as securities under local rules, with caveats. Scintillatingly titled “Generally revise…

Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection