SEC Commissioner Hester Peirce unveiled a new proposal at a blockchain event in Chicago yesterday for a three year grace...
Cryptocurrencies have received a lot of attention in the last few months; currently there are about 15 dedicated hedge funds to the space, by end of 2017 there will be about 100 crypto hedge funds; General Crypto's Managing Partner Logan Kugler talks about the hedge fund growth and the strategy behind his fund buying and holding coins with game changing value; with a significant jump in institutional capital coming he helped put together a list of top cryptocurrency investors who all share their thoughts on their top three crypto choices. Source
New reports surfaced in the New York Times about Facebook’s secret plans in the cryptocurrency space; the company is building...
The People's Bank of China (PBOC) is testing digital currency in efforts to become one of the first central banks to issue digital money; China's population has been increasingly using digital forms of payment with approximately 450 billion mobile users reported in 2016; a cryptocurrency would likely be popular among consumers and is also expected to lower transaction costs for sellers; a digital currency could also help the PBOC to more efficiently manage risks in the financial system and economy with a better way for tracking transactions; the PBOC has outlined how a digital currency would work but it has not announced a specific timeline for implementation. Source
Omise is planning a funding round through digital cryptocurrency; the blockchain digital payments startup will sell digital ether tokens with a fundraising target of up to $16 million; the fundraising will begin in May and the service plans to launch in the fourth quarter; the digital cryptocurrency fundraising represents a new funding alternative to venture capitalist investing and allows the firm to gain public participation from a broad set of stakeholders without selling equity in the company. Source
The crypto firm enables users to buy and sell crypto, earn credit rewards on their accounts, and send money peer-to-peer: it will open up the Mastercard network to the cryptocurrency world.
BTCC, one of China’s biggest bitcoin exchanges, on September 14 announces that it will stop new user registration immediately, and will shut down cryptocurrency exchange business from September 30 onwards; its mining pool business will stay intact though; for now, BTCC only trades four “mainstream” cryptocurrencies, being Bitcoin, Litecoin, Ethereum, and BCC. Source
Circle is planning to offer a similar product to Coinbase called Circle Invest; the platform has now launched in beta as users reported they were receiving invites; the app will support Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ethereum Classic; the app currently does not support cryptocurrency deposits. Source
The news marks the first time a major US bank has created a cryptocurrency; the bank plans to start trials...