Facebook’s Libra sparks concerns among European financial institutions

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Following Facebook’s unveiling of its stable cryptocurrency, not only did top crypto influencers criticize the plan, but some European officials immediately called for deep scrutiny of the project, as reported by Bloomberg. It must not become a “sovereign currency” Facebook finally revealed its highly anticipated cryptocurrency, “Libra.” With Libra, the social network giant aims to…

SEC Commissioner Says Time Is Right for Bitcoin ETFs — 3 Funds Pending

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The U.S. Securities and Exchange Commission (SEC) is currently reviewing three bitcoin exchange-traded funds (ETFs), one of which was filed last week to track the prices of two cryptocurrencies. An SEC commissioner said at the Consensus conference on Monday that the time is right for a bitcoin ETF, as the commission is due to make…

Indian Crypto Traders Undeterred by Ban Rumor

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The Indian crypto community is undeterred by the widespread rumor that its government is discussing a bill which could ban some cryptocurrencies. Local crypto exchanges have revealed to news.Bitcoin.com that their trading volumes have been increasing despite this report. Meanwhile, experts have weighed in on this possible bill, and another crypto exchange may be shutting…

Washington State signs bill recognizing blockchain technology into law

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On Apr. 26th, Washington State Governor Jay Inslee signed SB 5638—an act “recognizing the validity of distributed ledger technology”—into law. The Act encourages the development of blockchain, recognizes its use in commerce and digital signatures, and amends legislation to provide definitions for the technology. The original purpose of the Washington Electronic Authentication Act was to…

Bitcoin could counter the IMF’s proposed negative interest rates

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In a February blog post, economists from the IMF proposed a policy that taxes bank deposits instead of allowing them to accumulate interest. The crypto community reacted accordingly, seeing this as a possible incentive for people to move away from central banks and instead put their money into bitcoin. IMF Proposes Negative Interest Rates to…

New York BitLicense could convince the CFTC to greenlight Bakkt

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Bakkt, an institutional cryptocurrency trading platform led by the Intercontinental Exchange (ICE), is reportedly considering obtaining a New York BitLicense. Because the CFTC is reluctant to approve its bitcoin futures, sources close to the matter said that Bakkt believes the New York license will help ease the Commission’s concerns. Bakkt Faces Issues with US Regulators…

U.S. is Falling Behind in Crypto Exchange Volume: Regulation to Blame?

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Despite being home to the NYSE and NASDAQ, which comfortably lead the rest of the planet in terms of exchange volumes, the U.S. has conceded its initial crypto exchange leadership position to Asia. While U.S. exchanges—such as Poloniex—once recorded the highest volumes, a new breed of hard-driving Asian exchanges—such as Binance and Huobi—now lead the pack,…