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A candidate for a local government position in Taiwan has made history, becoming the first politician ever to receive a campaign donation in Bitcoin. Hsiao Hsin-chen, who is running for a seat on Taipei’s City Council with the New Power Party ticket, received a donation in Bitcoin worth about USD$325 a month after the party announced it would accept cryptocurrency donations.
A New York University (NYU) professor discussed how US regulators are all fighting to establish dominance in regulating cryptocurrencies. Professor David Yermack detailed a turf struggle, pointing out the NY Office of the Attorney General’s report released earlier this week accusing crypto exchanges of lack of proper market oversight, the Department of Financial Services’ recent ruling on a Bitcoin ETF, and the US Securities and Exchange Commission also trying to take a lead in crypto regulation. Yermack questioned whether or not this was beneficial to citizens.
According to Michael Novogratz, CEO of Galaxy Digital, cryptocurrencies have reached “seller fatigue” and he believes prices have bottomed. Novogratz went on to add that, although Bitcoin’s prices have dropped, it has held above USD$6,000 and established itself as a store of value.
Altonomy, a cryptocurrency trading advisory and digital assets management firm, has officially launched a sell-side over-the-counter (OTC) cryptocurrency trading desk. On top of that, the firm also launched a blockchain-based digital currency index fund, called Altonomy Taurus Index Fund. Altonomy claims to offer an unprecedented degree of transparency and professionalism while providing institutional investors a way to diversify into cryptocurrencies.
California’s Fair Political Practices Commission, the state’s political watchdog, has ruled that political candidates will not be allowed to accept donations in cryptocurrencies like Bitcoin. The vote on the issue occurred Thursday and favored the ban 3-1 with one individual abstaining.
CoinPayments.net, a business-to-business and business-to-customers platform for crypto payments, announced that they will be partnering with nonprofit Unify.org for World Peace Weekend. Occuring from September 21st to September 23rd, 1,300 events all over the world will take place to mark the largest global mediation in history, according to the Guinness Book of World Records.
Play2Live, a streaming platform for gamers and eSports fans, announced the launch of an open-beta of their blockchain streaming platform. Play2Live discussed participants’ ability to partake in monetization schemes, saying, “Everybody can be a part of the peer-to-peer interaction, and everybody, even the viewer, is able to earn money.”
South Korea’s largest telecommunications company, SK, has partnered with the country’s most valuable blockchain project, ICON, to implement blockchain and cryptocurrency technology in compensating users of its mileage system. ICON and SK have signed a Memorandum of Understanding to implement blockchain into its mileage rewards system that is used by 35 million citizens.
The Co-Director of Enforcement for the US Securities and Exchange Commission (SEC), Stephanie Avakian, vowed in a speech Thursday that the regulatory agency is going to practice more substantial enforcement of illegal ICOs. Avakian went on to mention that ICO’s are often high-risk investments masked by unrealistic assurances.
The US Securities and Exchange Commission (SEC) requested further comments regarding its decision on the listing and trading of a Bitcoin exchange traded fund (ETF) in a release Thursday. The Bitcoin ETF is backed by investment firm VanEck and financial company SolidX, with the initial request filed on June 6th of this year. In the SEC’s release, the regulating authority notes that it has not reached any conclusions on the Bitcoin ETF and asks for interested parties to send comments to the SEC in regards to the sufficiency and viability of a Bitcoin ETF. So far, the SEC has received over 1,400 letters.
Two of the largest cryptocurrency exchanges in the world, Coinbase and Binance, have been on hiring sprees of late despite a heavy bear market in cryptos. In an interview with Bloomberg, Binance’s Chief Financial Officer, Wei Ahou, said the company is in the process of hiring 50 new employees for its new headquarters in Malta while it is also recruiting for its fiat-to-crypto exchange in Singapore. Last week, Coinbase announced it would be hiring about 80 employees for its new headquarters in NYC.
Venezuelan President Nicolas Maduro said in television appearance that Venezuela will adopt the state-backed Petro Token in international trade. While it is unclear in which sectors of global trade Venezuela will use the Petro Token, economists and analysts have doubts whether the token will be accepted by international markets.
Binance CEO Changpeng Zhao has apologized for causing concern among the crypto community when he openly spoke about the possibility of a rollback for the Bitcoin blockchain following confirmation of a hack leading to the theft of USD 40 million worth of bitcoins on its platform.. The rollback had caused a sharp backlash, particularly among Bitcoin-only communities, aghast at the very concept ... NYU Finance Department Chair, David Yermack noted that the prospect of the industry had made many alumni return for a course related to blockchain and cryptocurrency to stay relevant in the world. Notably, Coinbase revealed in a study last month that 42 percent of the world’s top 50 Universities have at least one class on cryptocurrencies and blockchain tech. Binance.US looks to be far more limited than regular Binance, with only Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Tether trading available to start. Further, Binance.US will require identification information to sign up in order to comply with regulations. Apparently, Binance.US will be available everywhere besides New York, due to the New York Bitlicense regulations. At this time ... One of the first professors to offer such education is David Yermack, who teaches business and law at New York University. His efforts began in 2014, though it was not met with open minds from colleagues. “There was some gentle ribbing from my colleagues when I began giving talks on Bitcoin. But within a few months, I was being invited to Basel to talk with central bankers, and the joking ... Bitcoin News; You are here. Home. 2020. October. 31. Crypto’s first white paper turns 12; Crypto’s first white paper turns 12. October 31, 2020 admin. Has it only been a dozen years since Oct. 31, 2008, that Satoshi Nakamoto published a modest nine-page paper describing a new online payments system called “Bitcoin?” Depending on where one stands, that pseudonymous white paper — its ... Breaking News [ November 1, 2020 ] BakerHostetler Blockchain University: Bitcoin – Understanding the Phenomenon BakerHostetler Blockchain [ November 1, 2020 ] $100 Million Accelerator Fund from Binance Now Support 11 Blockchain and Crypto Projects Altcoin
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