On January 18, legislators in the U.S. state of Wyoming introduced a bill in the local senate that would effectively legitimize cryptocurrencies and their use. Entitled the "Digital Assets-Existing Law," the legislation actually classifies cryptocurrencies as 3 separate entities: virtual currencies, digital consumer assets and digital currencies.…
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99Crypto
Brian Kelly Believes Bitcoin Will Eventually Be Mainstream
On January 18, Brian Kelly — who is a well-known cryptocurrency entrepreneur who also regularly contributes on CNBC — gave an interview during the Crypto Finance Conference in St. Moritz, Switzerland. During this interview, he reportedly asserted that there is no possibility that U.S. regulators will approve a Bitcoin exchange-traded fund…
South Africa Will Not Ban Cryptocurrencies
On January 16, the South African Reserve Bank — which is the country's central bank — issued a paper that asserts that the government has no plans to ban cryptocurrencies. This includes both cryptocurrency payments and trading. The paper, which is entitled "Consultation Paper on Policy Proposals for Crypto…
Price Discrepancies With BitMEX's Initial Coin Offerings
On January 16, the digital currency exchange BitMEX released research relating to initial coin offerings (ICOs). They found that the value of tokens that were given to development teams during the offerings fell by 54%. The exchange produced the report in coordination with TokenAnalyst, which is an analytics company. The…
What does the future hold for Cryptocurrency?
On January 15, every one of the top 20 digital currencies by market value fell, apart from a pair of stablecoins (USD Coin and Tether.) This comes a day after cryptocurrencies experienced a brief rise. Bitcoin, which is the world's leading digital currency by market capitalization, fell a…
Zim Goes Live With Successful Blockchain Pilot
On January 14, it was reported that Zim — which is Israel's biggest cargo shipping firm — had initiated a blockchain-based platform that lets the company's customers create electronic bills of lading for certain types of trade. For more than a year, Zim has been conducting a pilot…