“Blockchain is among 17 categories of financial technologies, including cloud services and artificial intelligence, to be regulated under the new standards.
The current regulations for financial services are not clear and strong enough to guide high-quality developments in the industry.”
“In the new bill called the “Managed Stablecoins are Securities Act of 2019,” Garcia reportedly argued that Libra and other managed stablecoins ‘are clearly securities under existing law.’
We have trusted brands marketing digital assets to consumers as secure and stable […] Everyday investors need to know they can trust the issuers behind their financial assets.”
“A Binance spokesperson refuted media reports that Chinese police had raided and subsequently shut down the exchange’s Shanghai offices. Furthermore, the spokesperson stated that no such offices even exist.
The spokesperson also stated that Binance is being targeted in the Chinese media, adding that there has been ‘a recent spike in the number of negative articles and activities against Binance‘ in the country.
We also encourage our friends from the media to verify if their “sources” are telling the truth or presenting their own agenda.”
“Users pay node operators for bandwidth using OXT tokens, which will be generated at launch.
Orchid is a bandwidth market where node providers stake tokens to advertise their services using the Ethereum blockchain.
The areas of VPNs and secure communications need to be decentralized, thus supra-sovereign, in order to guarantee privacy from nation-state surveillance or interference.”
See Also: Eth2 Update #4
“Vermont’s largest electric utility is using blockchain platform LO3 Energy for its new energy marketplace pilot project. It allows Vermonters to buy and sell renewables with a blockchain storing their transactions.
There’s a huge appetite for local businesses to be 100 percent renewable and at the same time there’s an increasing amount of home solar production. This platform pairs the local supply with demand at the grid edge and we are delighted to be working with GMP to bring this market to commercial reality.”
“The website now allows visitors to track prices for major cryptocurrencies, providing CMC-based data. Yahoo Finance’s cryptocurrency screener page provides pricing for a total of 118 digital currencies.
Additionally, Yahoo Finance plans to add two CMC crypto indices — Crypto 200 and Crypto 200 EX. Apart from crypto pricing, CMC will also provide some educational information to develop crypto markets’ adoption on Yahoo Finance.”
“A setback came when Canaan lost its biggest bank, Credit Suisse, just last week. As a result, the size of the IPO was dramatically reduced — over 75% less than expected.
The successful completion nonetheless makes Canaan the first Bitcoin mining giant to navigate an IPO, beating major competitor Bitmain, which plans to do the same.”
“Venezuela plans to back its national oil-pegged cryptocurrency, the Petro (PTR), with 30 million barrels of crude oil to serve as a ‘liquid, physical, material backing.’ According to the report, the sharp decline in the quantity of the Petro’s backing was caused by United States sanctions on Venezuelan state-owned oil company PDVSA.
Despite Maduro ordering the country’s major bank, Banco de Venezuela, to start accepting PTR in July, Reuters has reportedly been unable to find evidence of any use of the Petro as a means of commercial exchange.”
“Large crypto exchanges appear to have stopped misreporting their trading volumes in 2019. The 12 exchanges listed include Huobi, OKCoin, UPbit, Bithumb, Bit2c, Bitbank, Bitso, CoinCheck, Coinfloor, CoinOne, Korbit, and Zaif.
While the majority of exchanges appear to have moved away from faking volumes, there were still some exchanges that saw suspicious activity.”