Asian Investors Call For Regulatory Clarity on Cryptocurrencies in the US

Speaking at BlockShow Asia 2019, Proof of Capital managing partner Edith Yeung called out American regulators for leaving blockchain-based ventures in the dark. These companies are commonly domiciled in Singapore, Switzerland, or Hong Kong because “they have no idea of what is happening in the US. They don’t want to touch it because of the legal tension.” Some exchanges are in fact leaving the US amid continued regulatory uncertainties. Last month, Poloniex spun out from Circle to form a new exchange that will not allow American customers to trade on…

We Are Very Careful About Where We Offer Cryptocurrencies

Kathleen Murphy, personal investing president of American financial services company Fidelity Investments, has said that the firm does not offer cryptocurrencies on retail trading platforms to protect its clients. Murphy voiced this sentiment during an interview with CNBC published on Oct. 11. After the interviewer asked when she expects users to trade cryptocurrency “in a meaningful way” on Fidelity’s platform, Murphy replied: “You know, we’re really careful about that. So while we embrace crypto in terms of trying to understand it and be innovative and thoughtful… We’re also very careful…

Tim Cook Talks Cryptocurrencies | It’s a No for Tech Behemoth

Three months ago, Facebook (NASDAQ:FB) disclosed plans to roll out a cryptocurrency in the summer of 2020. Such news has made several headlines, with the latest being negative, as PayPal (NASDAQ:PYPL) might pull out of Facebook’s project. Even worse for the technology behemoth is that Apple (NASDAQ:AAPL), another tech giant, has expressed zero desire in following in the company’s footsteps, according to Tim Cook. Which brings forth the question: is it correct for Facebook to involve itself with virtual currencies? Here’s what we know about Apple’s latest comments. Tim Cook Talks…

The Original Sins of Cryptocurrencies

The crypto industry is on its way from the epic early days, when it was a technological phenomenon exclusive to a limited group of techs, scientists and enthusiasts, to its final destination: a financial commodity intended for use by everyone. Of course, the journey has just begun, and it is riddled with potholes, traps and a high level of resistance. The extent of the crypto revolution is total, disruptive, world-wide and irreversible. But its final destination is pretty neat: a screenshot of an average day on planet Earth by 2050…

Coinbase Now Supports Stellar and Chainlink Cryptocurrencies in New York

Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wednesday, the exchange said customers based in New York state can now hold, buy, sell, send and receive both Stellar lumens (XLM) and Chainlink’s LINK token. The cryptos will now be available on Coinbase.com and the exchange’s iOS and Android apps in the state. XLM had previously been launched in most jurisdictions on Coinbase back in March, while LINK followed in June. The high regulatory…

Apple Watching Cryptocurrencies, Says Vice President Bailey

Apple (NASDAQ:AAPL) has been and continues to be an influential company; and if it’s looking at the crypto industry, you know virtual currencies must be doing something right. According to sources, that’s what the tech giant is doing, with VP Jennifer Bailey stating it is “watching cryptocurrency.” Here’s what we know. Apple Watching Cryptocurrencies: The Facts At a private event in San Francisco, VP of Apple Jennifer Bailey took the stage, explaining to the crowd that the billion-dollar company is “watching cryptocurrency,” as it thinks the industry has “interesting long-term…

Most Cryptocurrencies in the Green as Bitcoin Price Hits $10,400

Monday, Sept. 2 — Markets are bouncing back and showing upward price movement, after trading sideways for the better part of the day. Market visualization. Source: Coin360 The Bitcoin (BTC) price is showing impressive price movement, after trading close to $9,700 for most of the day. At press time the number one cryptocurrency is trading at $10,401, up 6.63% on the day. Bitcoin 24-hour price chart. Source: Coin360 Cointelegraph reported earlier that Bitcoin is attempting to bounce from the trendline of the symmetrical triangle, and if the BTC/U.S. dollar pair picks up…

Bitcoin Price Hits $9,800 as Major Cryptocurrencies Trade Sideways

Sunday, Sept. 30 — Markets are trading sideways today, with gains and losses among the top five cryptocurrencies not exceeding 4%. Market visualization. Source: Coin360 The Bitcoin (BTC) price has spiked slightly after trading close to $9,600 for most of the day. At press time the coin is trading at $9,799, up 1.72% on the day. Bitcoin 24-hour price chart. Source: Coin360 Industry investor Mike Novogratz recently said that, while Bitcoin is trading below $10,000, the seminal cryptocurrency is merely in a consolidation phase. Per Novogratz, the next leg of…

US-China Trade War and Its Effect on Cryptocurrencies

The People’s Bank of China (PBoC), the country’s central bank, has announced that it is planning to launch a central bank digital currency (CBDC), inspired in part by Facebook’s Libra project.  David Marcus, the head of Facebook cryptocurrency wallet Calibra, and known as the co-creator of the company’s venture into cryptocurrencies, had this to say on Twitter: “Like I said: if we don’t lead (and by ‘we’ I mean the Free World, *not FB*) others will. It wasn’t a figure of speech, an exaggeration, or a spin of the reality…

US SEC Chairman Says the Rules Won’t Change for Cryptocurrencies

United States Securities and Exchange Commission (SEC) Chairman Jay Clayton says he won’t make exceptions in securities law for cryptocurrencies, but he won’t stand in their way either. SEC rule changes ‘ain’t happening’ Bloomberg published an interview with Jay Clayton on Aug. 27. According to Clayton, he has no desire to change securities laws, either to include or exclude digital assets for regulation. In his own words: “I think a lot of people got excited that somehow we would change the rules to accommodate the technology and they invested their…