Texas’ ‘Worst Than BitLicense’ Crypto-Bill is Dead on Arrival

Earlier this week, the cryptocurrency community reacted with abject horror towards Texas’ proposed ‘Verified Identity Digital Currency’ bill. Well, apparently it was a lot of worry over nothing, as the bill is allegedly dead in the water. Indecent Proposal The furor started on Monday, when the proposed bill, HB4371, first came to light. The bill declared that: […]

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Bitcoin Price Analysis: BTC Bounces But Bears Still in Control

Bitcoin price just pulled off a nice 10% bounce with the next level of resistance at $3,700. Let’s take a look at what can happen next? Bitcoin Price: Market Overview Bitcoin price 00 dropped to a new yearly low at $3,210 and the overall market cap now rests at $110.6 Billion. Clearly, bears are still running the […]

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Wyoming Passes Blockchain Bank Bill Despite Industry Opposition

Despite serious opposition from the banking industry, the state of Wyoming has passed a blockchain bank bill almost unanimously. The move further cements the state’s welcoming approach to blockchain integration. 13-1 Majority to Pass the Bill The state of Wyoming has a reputation for being welcoming towards blockchain technology. This reputation was strengthened by a legislative […]

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India Ready to Unveil Cryptocurrency Law Next Month

The government of India may provide clarity on cryptocurrency regulation as soon as next month with a new draft bill now in the works. Clarity Soon Citing a counter-affidavit issued by India’s Prime Minister Narendra Modi, Quartz reports that the country’s government is likely to provide some clarity on the matter of cryptocurrencies sometime in the […]

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Japan’s Financial Regulator Says Stablecoins Are Not Cryptocurrencies

The lack of uniformity in stablecoins has led Japan’s Financial Services Agency (FSA) to conclude that stablecoins are not cryptocurrency. Not All Digital Assets Are Created Equal Japan’s Financial Services Agency (FSA) recently announced that it does not believe stablecoins should be classified in the same category as cryptocurrencies. According to Japan’s Payment Services Act […]

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Bank of Japan Admits Its Role Would Be ‘Sharply Reduced’ by Cryptocurrency

A top-level executive from the Bank of Japan (BOJ) revealed that the country’s central bank doesn’t plan to issue a digital currency. The BOJ justifies this decision by identifying major obstacles which prevent their further widespread adoption.   Spoken Like a True Banker Masayoshi Amamiya, a deputy governor of the Bank of Japan, revealed the […]

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U.S. Federal Election Committee Considers Request to Mine Cryptocurrency for Political Campaigns

Candidates for the 2020 presidential election may be able to accept cryptocurrency mining profits as campaign donations.  Could Mining Reform Political Campaigning? Osia Network, LLC, recently made a request to embed cryptocurrency mining tools on the FEC website and the U.S Federal Election Committee (FEC) is considering whether or not mining profits could be used […]

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Singapore May Become First Country to Fully Embrace Cryptocurrencies

Singapore took a step closer towards cryptocurrencies as the national financial regulators discussed their openness towards the emerging industry during the Singapore Consensus.  Singapore “Does Not Regulate Technology Itself But [Its] Purpose” It seems that the Singaporean government has a well-thought-out plan for introducing cryptocurrencies into their economy, according to TechCrunch. The Singapore Consensus 2018 […]

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Iran Recognizes Cryptocurrency Mining as Industry

Iran has purportedly accepted cryptocurrency mining as an official industry. According to a high-ranking official, all related institutions have already agreed on it. A Breath of Fresh Air Iran has historically been fairly controversial in its stance towards cryptocurrencies. As Bitcoinist reported in April, the country banned banks from touching Bitcoin as well as other cryptocurrencies. […]

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