Day: January 10, 2020

Ethereum 2.0 Will Come in 2020, According to ConsenSys Co-Founder

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Ethereum’s Serenity will launch by the end of this year, according to ConsenSys Co-founder Andrew Keys. Given the current state of development though, few share his excitement. In a Jan. 7 post published on the ConsenSys site, Andrew Keys shared his predictions for 2020. Keys was one of the co-founders of ConsenSys, having since become a managing partner at DARMA Capital. While Keys’ predictions touched diverse themes ranging from the world economy to human rights, two are especially notable for their optimism. According to the executive, “2020 will see Ethereum…

ANALYSIS: The Global Game of Coins Heats Up

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China’s digital currency project continues to move ahead aggressively, with a new paper from the People’s Bank of China suggesting that a core design is complete. Whatever stage of development the currency actually is, it’s clear that China wants the world to see it as ahead of the curve in the digital currency race.  In other parts of the world, crypto companies face a never-ending game of regulatory arbitrage. Derebit has moved from the Netherlands to Panama, citing a new burden from AMLD5 compliance. In the U.S., New York wants…

SEC Seeks $16M From ICOBox for Unregistered Token Sale

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The U.S. Securities and Exchange Commission (SEC) is seeking more than $16 million in penalties from ICOBox for selling “ICOS” tokens as unregistered securities. According to a filing in the United States District Court for the Central District of California, the SEC seeks a default judgment against Cayman Islands-based ICOBox and founder and CEO Nikolay Evdokimov, asking the judge to approve penalties as well as a lifetime ban from marketing or selling securities in the U.S. The regulator also wants Evdokimov to pay a separate civil penalty of just under…

Authors of New York’s P2P ‘Public Venmo’ Bill Hope for Greater Decentralization

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New York lawmakers proposed a bill on a peer-to-peer (P2P) savings and payment platform called the “New York Inclusive Value Ledger.” Introduced by New York State Assembly legislator Ron Kim and Senator Julia Salazar, the bill proposes to set up the “empire state inclusive value ledger establishment and administration act” that would create a system of wallets for payments by state entities and residents. According to public records, the bill was proposed in the State Assembly and the State Senate on Oct. 23, 2019, but New York State’s legislative session…

Bitcoin SV (BSV) Jumps Another 28%

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The crypto space has had a bit of a rollercoaster ride over the course of the past year, during which many cryptocurrencies have had their time in the sun, and one of the more notables tokens to considers in this regard is Bitcoin SV (BSV). Key Drivers In a development that will come as a major boost for investors in the token, Bitcoin SV has managed to break out into a rally on a day on when the wider market has remained largely stagnant. BSV has been in the middle…

Price Analysis Jan 10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX

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The bounce off the first support levels on most major cryptocurrencies indicates a possible change in trend. Safe haven assets were dumped on Jan. 8, on reports that the US-Iran conflict might not escalate to an all out war. Cryptocurrencies, which had surged alongside gold and oil with also retreated from two-month high. However, the positive sign is that most major cryptocurrencies have held their immediate support levels, which indicates buying on dips. This shows that the sentiment has changed from sell on rallies to buy on dips. With the…

What The 5th Anti-Money Laundering Directive Means For Crypto Businesses

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The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect today, January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money laundering and terrorist financing across Europe. For the first time, 5AMLD is broadening its regulatory scope by including crypto service providers like virtual-fiat exchanges or custodian wallet providers. The idea is make it more plainly knowable who’s participating in crypto transactions. The rationale is that doing so pushes back against money…

UK Financial Watchdog FCA Now Supervises AML/CTF Compliance of Crypto Businesses

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Britain’s Financial Conduct Authority (FCA) now monitors anti-money laundering (AML) and counter terrorist financing (CTF) for companies carrying out cryptocurrency-related activities. According to an official announcement published on Jan. 10, FCA will supervise whether United Kingdom-registered businesses engaged in crypto asset-related operations are compliant with relevant regulations and requirements. List of requirements to crypto businesses Further in the announcement, FCA set forth a list of requirements for cryptocurrency-related businesses, which includes the identification and assessment of risks in regards to AML and CFT, development of policies and controls to eliminate…

What Will Bitcoin’s Price Look Like in 2020?

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I would say the interesting question here is not the price of BTC, but whether BTC (and other main cryptocurrencies, such as ETH) will be more widely adopted on a long-term basis rather than only for a pure speculative aspect. We do not want to see a repeat of 2018, when users jumped hastily into crypto. I would prefer to see a genuine interest in the technology and its application and an overall appreciation of the utility of the tokens that support the different networks, products and services built upon…

MARKETS DAILY: Basketball’s First Celebrity Token Shoots for Monday Launch

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After years of discussion it looks like on Monday we’ll see our first high profile, professional athlete linked securitized token offering. Markets Daily is back with the story and what it could mean. No time to listen? scroll down for the complete episode transcript… More ways to Listen or Subscribe: This episode featured a sound effect provided by http://soundsilk.com Adam B. Levine: On today’s episode, our news roundup, the first tokenized pro basketball player, and Fidelity’s 2019 bitcoin reflections Adam: It’s JANUARY 10, 2020, and you’re listening to Markets Daily, I’m…