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Crypto Recap July 18: US House Hearing on Cryptocurrencies Steals the Spotlight

Author: CoinLive News Team Jul 19, 2018 at 07:31

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HOT STORIES OF THE DAY

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.

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