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CoinLive Weekly Recap: Find Out Last 7 Days' Top Stories

Author: CoinLive News Team Jul 23, 2018 at 15:02

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HOT STORIES OF THE DAY

Crypto Exchange Coinbase Forms Political Action Committee

Cryptocurrency exchange Coinbase has formed a Political Action Committee (PAC), according to government documents published Friday night.

Malta Says Crypto Rules Aren't Yet In Force

Malta's new cryptocurrency regulatory framework has not taken effect just yet.

CoinMarketCap Announces Changes to Counter Fake Volume Concerns

The popular crypto data tracker CoinMarketCap is instituting changes in light of what it called "concerns" over fake volume figures.

India's Supreme Court Pushes Crypto Banking Ban Hearing to September

A Supreme Court decision on the Reserve Bank of India's (RBI) efforts to bar cryptocurrency firms from receiving banking services will have to wait – for now.

South Korea's Finance Watchdog Is Forming a Crypto Division

South Korea's Financial Services Commission (FSC) has revealed it is setting up a department dedicated primarily to cryptocurrencies and blockchain.\

Bitcoin Holds the Week’s Major Gains as Other Altcoins Struggle

Bitcoin (BTC) has split off from other top cryptocurrencies and shows markedly more resilience in holding on to gains secured in the major upswing that kicked off earlier this week.

CME Report: Bitcoin Futures Average Daily Volume up 93% in Second Quarter

Bitcoin (BTC) futures average daily volume (ADV) at the Chicago Mercantile Exchange (CME) increased by 93 percent in the second quarter over the first quarter of 2018.

Fed Chair: Cryptocurrencies Are 'Great' For Money Laundering

Jerome Powell, chairman of the U.S. Federal Reserve, had some harsh words for cryptocurrencies during an appearance before the U.S. Congress.

US House Hearing: Crypto Presents a Challenge Beyond Hard and Fast Asset Classifications

Witnesses before the U.S. House of Agriculture Committee at a public hearing July 18 were unanimous in their view that digital assets complicate the hard and fast distinctions of existing regulatory frameworks.

Coinbase Says It Was Wrong About SEC Approval of Acquisitions

Coinbase Inc., which on Monday said it got the green light from the U.S. Securities and Exchange Commission to move forward with a trio of acquisitions, now says it never got such an endorsement.

South Korea Plans Tax Perks for Blockchain Startups

The South Korean government has announced a plan to revise the current tax rules to widen benefits for companies that focus on the development of nascent technologies...

US Congressman Calls for Ban on Crypto Buying and Mining

A U.S. lawmaker has called for a blanket ban on cryptocurrency buying. Congressman Brad Sherman is no stranger to controversial statements on the subject ...

Bitcoin Trading Volume Is Up 100% From Its Recent Low

With Tuesday's dramatic $600 bitcoin rally came a sharp rise in trading volume, more specifically a 100 percent increase from its 7-month volume low set just four days ago.

CFTC Official to Congress: Don't Be 'Hasty' With Crypto Rules

The director of the Commodity Futures Trading Commission (CFTC)'s fintech initiative cautioned against what he called "hasty regulatory pronouncements" during a Congressional hearing on Wednesday.

Mining Malware Now a Bigger Threat than Ransomware, Says Report

Illicit cryptocurrency mining, or "cryptojacking," has become more popular among cybercriminals than ransomware, according to a report by Skybox Security.

Goldman Sachs Confirms Appointment of Crypto-Friendly CEO

Leading investment bank Goldman Sachs has today confirmed the appointment of a new crypto-friendly CEO.

SEC Flooded with Positive BTC ETF Comments

The U.S. Securities and Exchange Commission (SEC) has received an influx of comments on behalf of cryptocurrency enthusiasts on the matter of the approval of a Bitcoin ETF.

The Bitcoin Price Is Up 10% In 24 Hours To Over $7,000 -- What's Pushing It Up?

The bitcoin price has just jumped over the $7,000 mark for the first time in over a month following an incredible week for bitcoin developments.

What to Expect When Congress Talks Crypto (Twice) Tomorrow

Two U.S. House of Representatives Committees will be hosting hearings on Wednesday to look at the topic from two distinct angles.

Litecoin's Lee: Bank Deal Might Lead to New Crypto Services

Litecoin creator Charlie Lee could be made a board member at the German bank the Litecoin Foundation – the group in which he serves as managing director – recently obtained a stake in.

Mastercard Wins Patent for Speeding Up Crypto Payments

Mastercard won a U.S. patent on Tuesday for a method of speeding up cryptocurrency payments.

Japan Revamps Financial Regulatory Agency to Address Issues in FinTech, Cryptocurrencies

Japan has overhauled its financial regulator, the Financial Services Agency (FSA), in order to better deal with fintech-related fields...

Canada’s Large Credit Union Coalition Joins Blockchain Consortium R3

The Large Credit Union Coalition (LCUC), a group comprising of the chief information officers (CIOs) of the 16 largest credit unions in Canada, has joined New York-based...

Japan’s GMO Internet to Use Blockchain in Its New Online Banking Business

Japanese internet services giant GMO Internet Inc. has today launched a new internet banking business that will leverage blockchain as a central part of its technological arsenal. 

Japan: Major Finance Firm SBI Opens Its Crypto Exchange to Traders

Japanese internet giant SBI Holdings formally launched the public version of its cryptocurrency exchange VCTRADE, according to an official announcement July 17.

Coinbase Says It Has Green Light to List Coins Deemed Securities

Coinbase Inc., one of the most popular cryptocurrency platforms, said it got the green light from U.S. watchdogs to move forward with a trio of acquisitions that will allow...

BlackRock is evaluating cryptocurrencies, CEO Fink says

BlackRock Inc Chief Executive Larry Fink on Monday said the world’s largest asset manager has assembled a working group to look at blockchain technology ...

Congress Is Now Holding Two Crypto Hearings This Wednesday

Congress is set to hold not one but two separate hearings related to cryptocurrencies on Wednesday.

Block.one Closes Strategic Investment Round Led by Peter Thiel and Bitmain

 Block.one, publisher of the EOSIO blockchain protocol, a high performance blockchain platform for decentralized applications, announced today that world-renowned...

Japanese chat giant Line launches its cryptocurrency exchange – but not in Japan

Months after announcing it in January, Japanese messaging giant Line has finally opened their new cryptocurrency exchange – everywhere except Japan and North America.

Augur Betting Volumes Just Topped $1 Million (And They're Accelerating)

Revealed exclusively to CoinDesk, figures from Predictions.Global, a website that allows users to view Augur markets without installing the app...

G20 Watchdog Releases Framework for 'Vigilant' Crypto Monitoring

The Financial Stability Board (FSB), an organization focused on analyzing and making recommendations to the G20 on global financial systems, has presented a framework for monitoring cryptocurrency assets.

The CFA Exam Is Getting a Crypto Section Next Year

The notoriously difficult Chartered Financial Analyst (CFA) Program exams are about to get that much tougher.

 

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