Regulatory clarity key for banks entering crypto, industry exec says

Bitcoin (BTC) regained $24,000 but failed to hit new multi-month highs on Aug. 10 as United States inflation appeared to be slowing.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI cuts risk assets much-needed slackData from Cointelegraph Markets Pro and TradingView confirmed hourly gains of around $1,000 after U.S. Consumer Price Index (CPI) data for July showed a…

Recent events in the crypto space have the smell of victory, but only represent small battles in an ongoing war. “Dramatic” changes are on the way. 10663 Total views 44 Total shares Those who oversee the traditional finance sector won’t just let Bitcoin (BTC) wander off into the sunset without a fight. That’s the sentiment…

The Zimbabwean government hopes to create a regulatory structure tailored to country’s specific needs and conditions.

“We encourage market participants looking to determine whether a digital asset is a security to seek the advice of securities counsel and engage with FinHub staff,” said the SEC. 958 Total views 51 Total shares The U.S. Securities and Exchange Commission, or SEC, has delivered a report to Congress containing recommendations from small businesses seeking…

Financial services and mobile payment company Square thinks it has found a way to turn fiat into crypto in real-time point-of-sale transactions. How it works On Jan. 21, the United States Patent Office awarded Square a patent for a technology that the team argues cracks a present barrier in merchant transactions: “All cryptocurrencies face the same drawback in…

The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. 3481 Total views 16 Total shares Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone. By 2024,…

Gary Gensler, the United States Securities Exchange Commission (SEC) chair, recently appeared before the U.S. House of Representatives Financial Services Committee for a hearing regarding his leadership of the regulatory agency. The hearing, with Gensler as the only witness, promised to be unpleasant for the SEC chair, with the federal agency’s actions during Gensler’s leadership since…

Top Stories This WeekFundstrat Global Advisors Expects 2019 to Bring More Institutional Investors to CryptoAccording to a report on the 2019 crypto outlook released by New York-based research company Fundstrat Global Advisors, incremental improvements in the crypto space can provide support for higher prices for cryptocurrencies. The report notes that as the United States dollar…

An unknown mining group currently controls more than half of the Grin blockchain’s hashing power. 486 Total views 12 Total shares Grin, a privacy-focused cryptocurrency built on the Mimblewimble protocol, has just suffered a 51% attack on its blockchain.According to a Nov. 7 tweet from crypto mining group 2Miners, an unknown group accumulated 57.4% of…