1. SEC Clears Blockstack Inc to Hold First Regulated Token Offering
The Securities and Exchange Commission on Wednesday cleared blockchain startup Blockstack to sell bitcoin-like digital tokens, a first-of-its-kind offering that could give young cryptocurrency businesses a new fundraising template.
[Source: WallStreetJournal] ✩✩✩✩
2. Fold Enables Spending Bitcoin At Amazon, Starbucks Coffee And Uber Via The Lightning Network
Yesterday, Fold announced the integration of Bitcoin’s Lightning Network in their app that helps users spend the cryptocurrency at Amazon, Starbucks, Uber, and other major retailers. Unlike another retail-focused crypto payments app announced earlier this year, Fold is focused on sticking to Bitcoin’s roots and allowing their users to avoid issues associated with the legacy financial system such as Know-Your-Customer (KYC) restrictions and mandatory signups.
[Source: Forbes] ✩✩✩✩
3. Visa funds $40M for no-password crypto vault Anchorage
Visa and Andreessen Horowitz are betting even bigger on cryptocurrency, funding a big round for fellow Facebook Libra Association member Anchorage’s omnimetric blockchain security system. Instead of using passwords that can be stolen, Anchorage requires cryptocurrency withdrawals to be approved by a client’s other employees. Then the company uses both human and AI review of biometrics and more to validate transactions before they’re executed, while offering end-to-end insurance coverage.
[Source: TechCrunch] ✩✩✩✩
4. Canada: Crypto Exchanges Must Register With Financial Watchdog Next June
Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice published on July 10.
[Source: Cointelegraph] ✩✩✩✩
5. Winklevoss Twins’ Gemini Exchange May Join Facebook’s Libra Project
Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency.
“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday.
Tyler added that in their view, Libra is a harbinger of cryptos to come.
[Source: Coindesk] ✩✩✩
6. Fed’s Jerome Powell Has ‘Serious Concerns’ With Facebook Libra Proposal
Facebook Inc.’s proposal to create its own digital currency raises major questions that must must be addressed before the plan to create a coin called Libra moves forward, Federal Reserve Chairman Jerome Powell said Wednesday
[Source: Bloomberg] ✩✩✩✩
7. Turkey Puts Central Bank Digital Currency on New Economic Roadmap
The government of Turkey has included a central bank-issued digital currency in its 2019–2023 economic roadmap published on July 9.
As per the 11th Development Plan from the Presidency of the Turkish Republic, “Blockchain-based digital central bank money will be implemented.”
[Source: Cointelegraph] ✩✩✩
8. Team Poloniex now allows fiat-to-crypto trading, credit card purchases
Cryptocurrency exchange Poloniex is rolling out new functionality for its user base as it attempts to resurrect its marketplace.
The exchange announced Tuesday that it’ll now allow fiat-to-crypto trading, meaning customers can deposit and withdraw funds using bank accounts, as well as purchase crypto assets trading on Poloniex with debit and credit cards.
[Source: TheBlock] ✩✩✩
9. Coinbase Planning to Set Up Its Own Insurance Company
US-based crypto exchange Coinbase is considering to set up its own insurance company to protect its funds from loss or hack, according to a Coindesk report.
The digital asset exchange is in talks with Aon, a London-headquartered insurance company, to establish a captive insurance subsidiary.
[Source: FinanceMagnates] ✩✩✩
10. Facebook Says It Won’t Launch Crypto in India Due to Regulatory Issues
Facebook has said that current regulatory restrictions mean it won’t be launching its digital wallet service and cryptocurrency in India.
Speaking to local daily news source The Economic Times, a Facebook spokesperson said: “There are no plans to offer Calibra in India. As you may know, there are local restrictions within India that made a launch of Calibra not possible at this time.”
[Source: Coindesk] ✩✩✩
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