Pennsylvania lawmaker introduces bill for ‘strategic Bitcoin reserve’
The proposed legislation would allow the State of Pennsylvania’s Treasurer to invest up to 10% of its funds in Bitcoin, suggesting a multibillion-dollar investment.
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Catalonia Announces Decentralized ID System the Govt Won’t Control
Catalonia's government has unveiled IdentiCAT, a decentralized identity system.President Quim Torra and Minister of Digital Policies and Administration Jordi Puigneró announced the project on Sept. 7, local media outlet VilaWeb reported. Notably, the government says it will not have access to citizens' data.Privacy protectionThe bidding for system development — which is expected to be completed by 2020…
Bitcoin, Altcoins Are Vulnerable to New Lows, Fundstrat Warns Clients
Cryptocurrency markets could soon hit lower lows and continue their record bear market, investment and analysis firm Fundstrat Global Advisors warned in an email quoted by Bloomberg on Feb. 6.Writing to traders, one strategist at the firm, Robert Sluymer, forecast that on the basis of current performance, there was a chance Bitcoin (BTC) and altcoin…
Australia tries again to combat ‘future sectors’ crypto scams
The “Proposed Scams Code Framework” consultation paper aims to delegate clear roles and responsibilities to government and private entities when combatting scams. 153 Total views 9 Total shares A consultation paper on a new framework for addressing consumer and business scams proposed by Australia’s Department of the Treasury considers applying sector-specific codes and standards to
Japan’s LINE Pay and Visa Partner on New Blockchain, Digital Payments Solutions
LINE Pay Corporation, the operator of fintech services on major Japanese messaging app LINE, is partnering with American payment services firm Visa on new blockchain and digital payments solutions. The news was revealed in a press release shared with Cointelegraph on June 6.As of Q4 2018, there were an estimated 1.66 billion Visa debit cards…
FTX collapse: The crypto industry’s Lehman Brothers moment
The world’s third-largest cryptocurrency exchange, FTX, started the year with a $400 million Series C funding round, taking its valuation to over $32 billion. Ten months later, the crypto exchange is staring down the possibility of bankruptcy after its bid to be acquired by Binance failed.FTX was seen as one of the largest global crypto…
Labour victory in UK elections renews crypto industry optimism
The Labour Party has promised to make the UK “a global leader in tokenization.”
Regulatory uncertainty creates rash of ‘novel’ lawsuits: Legal experts
“Litigation and enforcement activity is likely to accelerate in the current regulatory climate, perhaps in unpredictable ways,” says lawyers from Choate Hall & Stewart LLP. 1832 Total views 5 Total shares Regulatory uncertainty surrounding crypto has created a “fertile environment” for crypto-related litigation and enforcement to grow, according to lawyers from Choate Hall & Stewart…
Korean crypto bank partners with Blockdaemon to offer retail staking services
In January, Delio was granted Virtual Asset Service Providers (VASP) approval by the Korean Financial Intelligence Unit. 215 Total views 10 Total shares Crypto-focused finance company Delio has partnered with Blockdaemon to launch retail-focused staking services, giving customers a more seamless way to earn rewards on their digital asset holdings.Delio’s staking services expand its existing…