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Hawaiian regulators have launched a digital currency sandbox initiative that exempts participating crypto companies from Hawaiiâs infamous double-reserve requirement. The âDigital Currency Innovation Labâ by Hawaiiâs Department of Commerce, Division of Financial Institutions (DFI), and the Hawaii Technology Development Corporation (HTDC) will give âselectedâ firms a two-year reprieve from Hawaiiâs state money transmitter license requirement, according to a press release...
Bitcoinâs price crash last week has cast a shadow over mining firms, which have spent over half a billion dollars overhauling equipment over the last six months in preparation for the networkâs next so-called halving. Large bitcoin (BTC) mining farm operators in three countries told CoinDesk theyâve been on a buying spree to upgrade or expand facilities since September, reflecting...
Adam Kokesh, the first libertarian candidate of the 2020 U.S. presidential race, has appointed Alastair Caithness as his chief blockchain policy advisor. The purpose of this role will be to work on the development of a sovereign cryptocurrency, known as AmeriCoin. Going forward, Caithness will focus on the development of a cryptocurrency pegged to all the assets of the Federal...
The crypto community continues to help fight the coronavirus outbreak, with Binance Charity donating new batches of medical supplies to hospitals and disease control command centers. On March 9, Binance Charity announced the completion of the second phase of its philanthropic initiative dubbed âBinance for Wuhan,â wherein the company gave 6 new batches of medical supplies to 130 hospitals, medical...
COVID-19 â more commonly known as the coronavirus â has unleashed massive shock waves among the worldwide health, science, government and business communities as societies are trying to contain the virus. At the moment, the scale and velocity at which the coronavirus is spreading are proving difficult to manage because the regional clustering of the outbreak has moved beyond the...
Facebook is scaling back its ambitious plan to upend the global financial system with a new digital currency. Succumbing to pressure from regulators, Facebook has decided to offer its users digital versions of government-backed currencies, including the U.S. dollar and the euro, in addition to the proposed Libra token, according to three people familiar with the matter. Facebook still plans...
Decentralized derivatives exchange Digitex has fallen victim to a significant data breach believed to have exposed the email addresses and possibly other information of more than 8,000 users. A former employee stole private information for more than 8,000 users, Christina Comben, who heads Digitex's communications, said Friday. Comben told CoinDesk the exchange was "aware of a leak of confidential data,"...
The sharp correction that has rocked the crypto market since Feb. 23 continued through Feb. 27 as Bitcoin (BTC) price dropped nearly 8% to a daily low at $8,531. Markets pricing in Coronavirus impact At the opening bell, equities markets recovered some of the losses of the previous two days but at the time of writing Dow Jones futures, S&P...
New Jersey just became one of the first states to propose legislation around crypto companies. According to a new bill, cryptocurrency businesses must now obtain a proper license to operate. Assemblywoman Yvonne Lopez proposed the Digital Asset and Blockchain Technology Act on Feb. 20. The legislation would establish new requirements for virtual currency businesses and create consumer-friendly protections by requiring...
The U.S. Securities and Exchange Commission, or SEC, recently announced its conquest over yet another unregistered ICO from 2017. The SEC went after Enigma for its 2017 ICO, labeling the capital raise as an unregistered securities offering, the governing body said in a statement on Feb. 19. Enigma settled with the SEC, agreeing âto return funds to harmed investors via...