- Swiss Fintech License Allows Blockchain, Crypto Firms to Accept $100 Mln in Public Funds
The Swiss financial regulator revealed that license pursuants, which can be blockchain-related and crypto-related firms, will be able to apply for the fintech license with the state authority starting from 2019.
[Source: Cointelegraph] ✩✩✩✩✩
2. Korea’s Largest Internet Firm Kakao Is Running a Crypto ICO That Is Not Subject to SEC Scrutiny
Kakao, South Korea’s largest internet conglomerate that operates applications and have nearly a 90 percent dominance in their respective markets, is running an Initial Coin Offering (ICO) to raise funds for its blockchain project called Clay.
[Source: Cointelegraph] ✩✩✩✩
3. Bitcoin [BTC] futures on Nasdaq confirmed by company executive; to be launched in first half of 2019
Earlier this week, rumors emerged that Nasdaq, a securities exchange considered only second to the New York Stock Exchange [NYSE] will launch futures contracts for Bitcoin [BTC]. This has now been confirmed by the Vice President of Nasdaq’s media team, who has stated that the contracts will be listed and launched in the first half of next year.
[Source: Ambcrypto] ✩✩✩✩✩
4. Coinbase Adds Free PayPal Withdrawals for Fiat Currencies
The US-based exchange added the functionality without a major announcement. USD, EUR, and GBP are among the supported currencies.
[Source: Blokt] ✩✩✩✩
5. Crypto Exchange OKEx Launches ‘Perpetual Swap’ Derivative Product
Malta-based cryptocurrency exchange OKEx has launched a new derivative product called Perpetual Swap trading, according to a press release shared with Cointelegraph Dec. 3. Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent.
[Source: Cointelegraph] ✩✩✩✩
6. Venezuelan Government Artificially Raises Its Petro’s Price to $150
The Venezuelan Government has repriced its national cryptocurrency, the Petro, from 3,600 to 9,000 sovereign bolívars ($150). The new price was put in place this week, according to local news outlets, and had been previously announced by the country’s president, Nicolás Maduro.
[Source: Cryptoglobe] ✩✩✩
https://www.cryptoglobe.com/latest/2018/12/venezuelan-government-raises-petros-price-to-150/
7. G20 Agrees to Regulate Crypto, But is This Good or Bad for the Market?
The G20, an international forum for the governments and central bank governors from the world’s 20 largest economies, has decided to regulate the crypto sector. A declaration released by the forum read: “We will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed.”
[Source: Ccn] ✩✩✩✩
8. US Dept. of Homeland Security Takes Interest in Investigating Blockchain Transactions
The U.S. Department of Homeland Security (DHS) is seeking information about investigating and analyzing blockchains, including those used for privacy coins, according to a pre-solicitation notice published Nov. 30.
[Source: Cointelegraph] ✩✩✩
9. Japan’s FSA Looks to Regulate Initial Coin Offerings (ICO)
According to a JiJi Press’ article published on December 1, 2018, the Japanese Financial Services Agency (FSA) will launch a transparent ICO regulatory framework shortly, with the intent of protecting their investors from scams and Ponzi Schemes.
[Source: Btcmanager] ✩✩✩
10. Ethereum Giant ConsenSys Tightens Belt, Will Axe Underperforming Projects
Ethereum development studio ConsenSys, the New York-based blockchain startup, is restructuring as part of a move to streamline its business amid the crypto bear market. ConsenSys CEO Joseph Lubin, the co-founder of Ethereum, made the announcement in a company letter.
[Source: Ccn] ✩✩✩✩
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