This week in crypto: Token Taxonomy Act, Security Assets in Gibraltar, and a possible rally? Keep Ngaged #13

Welcome back one and all to your recap on the hottest news in crypto! We’ve got a fair bit to cover this week as we saw bitcoin’s price rise and new legislation weighing in on the future of the industry. Before we jump in to the general news, let’s check in to see how our clients are doing!

Bitcast.fm

Hot off the presses with a launched application and website, Bitcast.fm are already starting to turn heads. This week Makermag listed them among the hottest audio businesses to watch out for in 2019!

Eximchain

As progress toward the launch of quadratic voting marches forward, Eximchain has begun preparation for new users with a handy guide explaining the process. They have separated it into three lessons that they will be releasing during the build up. Find the first here: https://medium.com/eximchain/eximchain-governance-1-3-quadratic-voting-f455d17f8a9

PayPie

A notice was recently sent out to beta testers of the PayPie platform discussing a small adjustment. They ask that if you are an accountant or bookkeeper, to follow instructions in the email awaiting you in your inbox to ensure everything is linked to the correct tools. Business owners have nothing to fear, as they are already covered and can proceed without worry.

News:

Some may remember back in December 2018 when the Token Taxonomy Act was introduced to exempt cryptocurrencies from securities taxes. While it unfortunately did not make it past the proposal stage, several members of the House of representatives have re-introduced a modified version.

The Gibraltar Stock Exchange has decided to help lead the way to a new paradigm in digital debt securities and digital funds. To everyone waiting to see digitized and tokenized securities available to users, that day has finally come.

Yet another bill related to the blockchain and cryptocurrency spheres, the Digital Taxonomy Act of 2019 was introduced by U.S. House of Representatives by Rep. Darren Soto. The bill seeks to grant the FTC 25 million in funding for reporting of and combatting crypto related crimes.

Analysis from around the web:

Let’s take a look at what a few experts have to say around the current price action of Bitcoin and Crypto. Please remember that these are strictly the opinions of third parties and these authors are not affiliated with Ngaged.

https://www.bloomberg.com/news/articles/2019-04-05/bitcoin-most-overbought-since-record-run-technical-gauge-says?srnd=cryptocurrencies

Sentiment and Politics:

One week were’ all quiet, the next we’re nearly bursting with news and stories around the blockchain space on the legal front. From senators to world leader to the house of representatives; All are taking a sterner look at the evolution of crypto as a whole. While much of this may seem bullish, it’s important to keep a level head and watch the progress of legislation surrounding the blockchain sphere.

To many, this almost represents a turning point. Maybe not financially, however as companies and governments continue to turn to decentralized and tokenized options, we’ll see a dramatic shift in public perceptions toward the advancement of the technology and mass adoption around every possible corner.

As for me, I’m just along for the ride. Reporting the hottest news in the crypto space to you as always, this has been Derek Clauson, signing off. I’ll see everyone next week!

What are your thoughts on the future of the crypto markets? Have you seen an article you would like featured? Leave a comment below and let us know what you’d like to see in upcoming issues. We’ll see you next week and remember to Keep Ngaged!

This issue of Keep Ngaged was brought to you by the community experts at Ngaged. If you’re looking to nurture a great community of your own for your crypto or blockchain company, be sure to check out Ngaged.io and get in touch. To learn more, take a look at one of our recent articles on why community management matters.

About the author: When not chasing down the latest news and strategies in crypto marketing, Derek spends his time helping build up successful blockchain companies through Ngaged.io and reading on the couch with his dogs.