Hawaii senators have introduced a bill authorizing banks to offer custody services to digital asset classes. The Hawaii State Senate has passed the first reading of a bill authorizing banks to hold digital assets in their custody. The bill was introduced on Jan. 17 by five state senators, including the only Republican member of the…
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Ripple’s quarterly sales dropped from $251.51 million in Q2 2019 to just $13.08 million in Q4 2019 due to removal of programmatic sales. Ripple’s XRP sales continued to drop in the second half of 2019, with sales of the token reaching a historic low in Q4. According to a Jan. 22 blog post by Ripple…
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Recent research shows that Ether was the cryptocurrency most correlated to the rest of the crypto market in 2019. Recent research shows that Ether (ETH) was the cryptocurrency most correlated to the rest of the crypto market in 2019. In a report published on Jan. 22, the research arm of major cryptocurrency exchange Binance suggests…
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Famous crypto skeptic and gold bug Peter Schiff said that he realized that he lost his Bitcoin because he mistook the pin of his wallet for the password. Famous crypto skeptic and gold bug Peter Schiff said that his “Bitcoin mystery” is solved after realizing that he mistook the pin of his Bitcoin (BTC) wallet…
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With international conflict and recession looming on the horizon, is Bitcoin a safe haven for your money? In the summer of 2019, the 10-year minus 3-month yield curve inverted for the first time in 13 years. During the time of the inversion, Bitcoin’s price hit all-time highs for the year. The previous inversion in 2006…
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Huobi, the fifth-largest crypto exchange by daily trading volume, will now provide crypto brokerage service to its institutional clients. Major cryptocurrency exchange Huobi is launching its first licensed digital asset brokerage, Huobi Brokerage. Huobi, the fifth-largest crypto exchange by daily trading volume as of press time, will now provide brokerage service to its institutional clients,…
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The Australian Prudential Regulation Authority has proposed a regulatory framework that would have it oversee digital wallets, including Calibra. The Australian Prudential Regulation Authority (APRA) is seeking to oversee stablecoin projects like Facebook’s controversial stablecoin Libra. In an official proposal to the Senate published on Jan. 20, APRA submitted a possible regulatory framework dedicated to…
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A crypto advocacy group, the Chamber of Digital Commerce, provided its arguments on how a U.S. court should consider digital assets. The Chamber of Digital Commerce has filed an amicus brief in the ongoing court case between encrypted messenger service Telegram and the United States Securities Exchange Commission (SEC). Filed on Jan. 21, the document…
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As the FCA looks to shake things up under their new AML regime, how will the U.K. and the global cryptocurrency industry react? The Financial Conduct Authority (FCA) is now the United Kingdom’s sole Anti-Money Laundering (AML) authority for the crypto business. After a decade of compliance under a laissez-faire approach to AML legislation, U.K.-based…
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A Canadian teenager has been charged with participating in a crime ring that stole over $50 million in cryptocurrencies, targeting Consensus 2018 attendees. An eighteen-year-old from Montreal is facing four criminal charges connected to a $50 million SIM-swapping scam targeting cryptocurrency holders, Infosecurity Magazine reported on Jan. 17. The hacker, Samy Bensaci, is accused by…
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