Crypto Assets Won’t Be Classified As Securities With Proposed U.S. Bill

Since Bitcoin (BTC) was formally classified as a pseudo-commodity, crypto investors have been pestering regulators, namely the U.S. Securities and Exchange Commission (SEC), how their favorite cryptocurrencies stack up. Ethereum (ETH), in its “current decentralized state,” was hinted at being in the same boat as BTC. But for a majority of other cryptocurrencies, primarily those issued via initial coin offerings (ICOs), pundits have hinted that they can be classified as securities. SEC Commissioner Jay Clayton, for instance, recently took to CNBC and Coindesk’s Consensus Invest conference to state that while…

Crypto Assets Won’t Be Classified As Securities With Proposed U.S. Bill

Since Bitcoin (BTC) was formally classified as a pseudo-commodity, crypto investors have been pestering regulators, namely the U.S. Securities and Exchange Commission (SEC), how their favorite cryptocurrencies stack up. Ethereum (ETH), in its “current decentralized state,” was hinted at being in the same boat as BTC. But for a majority of other cryptocurrencies, primarily those issued via initial coin offerings (ICOs), pundits have hinted that they can be classified as securities. SEC Commissioner Jay Clayton, for instance, recently took to CNBC and Coindesk’s Consensus Invest conference to state that while…

Bitcoin Cash Node Bchd Syncs in Just Over an Hour With Fast Mode

Technology The developers behind the Bchd project have announced the launch of version 0.13.0-beta2 alongside the client’s ‘fast sync mode.’ With the latest fast sync option, instead of downloading 140GB of data stemming from the chain’s genesis, Bchd users can download roughly 3GB and have the client running in just over an hour. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations A Much Faster Bitcoin Cash Chain Sync Bchd programmers have been steadily improving the full node implementation of the Bitcoin Cash (BCH) blockchain written…

Western Union | Testing Ripple’s Blockchain, Will It Take on Crypto Next?

According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.” And interestingly, this includes cryptocurrencies. Western Union Ready to Adopt Odilon Almeida held an interview with Reuters Plus yesterday. Here he stated that there was no big difference between cryptocurrencies and regular digital payments, of which the Western Union has handled for years now. The president stated further: “We already operate with 130 currencies. If one day we feel like it is the right strategy to introduce cryptocurrencies to our platform, technology-wise,…

Tim Draper Backed OpenNode Startup Raises $1.25 Million to Develop its Bitcoin (BTC) Payment Processing Platform

Tim Darper backed startup of OpenNode announced that it had successfully raised $1.25 Million to fund its venture to create a better and easier way to accept Bitcoin (BTC). Many merchants have been known to be for the idea of integrating Bitcoin payments onto their businesses, but very few payment processing solutions exist in the crypto-verse. OpenNode promises to be the simplest robust platform with an easy to use eCommerce and retail plug-in solution. It will also have payment infrastructure API’s for developers and the fastest payment processor limits. The…

Bitcoin, Ether, and XRP Weekly Market Update: December 20, 2018

The cryptocurrency market showed some signs of recovery with the beginning of the new week as total market cap added $14 billion to its value. BTC/USD Bitcoin dropped 5 percent on December 13 and lost $188 of its value closing the trading day at $3,354, just between the September 2017 lows of $3,600 and $3,200. The BTC/USD pair declined even more on December 14, to $3,280, almost touching the suggested low at $3,200. The U.S. based exchange Coinbase made another improvement to the service by allowing its U.S. customers to…

Bitcoin News Crypto Currency Daily Roundup December 20

Here is what is happening in the cryptocurrency market on Thursday. SEE: SinglePoint Gives Projections On 2019 SEE: US Energy Initiatives Now Owns $5.1 Million Sumcoins In the News BOScoin signed an MOU with GG56 Corporation Limited and PayExpress to create a blockchain-based payment solution for tourists. Through the MOU, a blockchain-based payment solution using BOScoin will be added to kiosk ticketing services in the second quarter of next year at tourist attractions located both domestic and abroad, while GG56 will eligible for BOScoin’s “Public Financing (PF)” program to raise…

Blockstream, Swiss IT Consulting Firm Sign MoU for Blockchain Integration Services

Global blockchain company Blockstream has partnered with а Swiss crypto consulting firm to launch a blockchain-driven settlement network, according to a press-release Dec. 17. Inacta AG and Blockstream have reportedly recently signed a Memorandum of Understanding (MoU) to provide integration services for Liquid — a sidechain solution launched by Blockstream in October. Liquid reportedly combines key features of public and permissioned blockchains, allowing for the issuance and transfer of different crypto tokens. As per inacta AG’s release, the company will focus on “helping financial institutions to leverage the benefits of…

Bitcoin Hits Two-Week High Promising Further Bull Run in 2019

Bitcoin moves up on Wednesday reaching two-week highs. The rally combined with the prevailing bull flags indicate that recovery may be peeping around the horizon. 2018 has long been a bearish year for the crypto markets with Bitcoin leading the losers. Bitcoin’s (BTC) bullish rally came on December 20 poising prices to two-week highs towering the psychological hurdle of $4,000. The crypto rose to a high of $4,067 at 09:06 UTC a level last traded on December 4. Furthermore, its market capitalization also hit a two-week high of above $70…

Ripple is Just One Participant in Ecosystem

Brad Garlinghouse Ripple CEO Brad Garlinghouse has stated that XRP is  not only independent of Ripple, but the XRP ecosystem hosts Ripple as just one of a number of participants. He made the comments during an “Ask me anything” session as part of a Q4 2018 sit down with Ripple Senior VP, Marketing, Monica Long. The session tagged “Ask Me Anything with Brad and Monica” included a number of interesting opinions as well as predictions ahead of the coming year. One of the questions that came up was the often-debated…