Crypto News Recap [Jul 22-28, 2018]
Here are the top cryptocurrency news stories for the week of July 22-28, 2018.
Sunday, July 22, 2018
Financial Stability Council of Ukraine proposes steps to regulate crypto
Timur Khromaev, head of the Financial Stability Council of Ukraine, took to social media to voice support for crypto regulations. In order to keep the environment safe, the Council intends to begin regulating tokens and ICOs, but has a hands-off approach to crypto mining.Samsung company-owned stores have started accepting crypto payments
Shoppers in the Baltic region will now be able to pay for goods at Samsung stores with crypto. Utilizing CoPay, Samsung is in talks to start accepting crypto payments in Tallinn, Riga, Vilnius, and KaunasG20 releases official statement on cryptocurrency
The G20, in their mid-July meeting, declared their official position on crypto and related assets. While they outlined the risks associated with the technology, they do not appear to be opposed to its existence.
Monday, July 23, 2018
Wanchain interoperability with Ethereum is live
Wanchain's new 2.0 platform has been announced which offers interoperability with the Ethereum network. Wanchain’s new cross-chain technology offers many uses to the financial industry, supply chain and logistics, and even in the healthcare industry.Facebook whitelists Coinbase for advertising in lift of blanket crypto ban
In a move that helps legitimize crypto, Facebook has started allowing Coinbase to advertise on its platform. This move is a reversal of the blanket ban against all crypto advertising, instituted in early 2018.EOSNOVA releases the first EOS wallet for iOS
EOSNOVA has released the first EOS wallet for Apple's iOS mobile operating system. The multi-platform wallet app securely stores EOS tokens and offers support for all EOS airdrops and future EOS-based tokens.
Tuesday, July 24, 2018
Crypto exchange owner pleads guilty to securities fraud and obstruction of justice
Jon Montroll has pled guilty to a combination of securities fraud and obstruction of justice in his dealings with the SEC. Geoffrey Berman, US Attorney General for the Southern District of New York, received the plea on both counts this past Monday.MyEtherWallet is going mobile
MyEtherWallet is scheduled to launch the beta version of their free and open-source smartphone app in a matter of days and plans to roll out the full version by September.
Wednesday, July 25, 2018
Former E*TRADE CEO announces Voyager, no-fee multi-exchange trading app
Voyager today announced plans for a commission-free crypto trading app offering "smart order routing" for trading a wide choice of popular tokens across exchanges. The app will allow commission-free trading of BTC, ETH, LTC, and more, and is slated for public launch in October 2018.Coinbase enables crypto payments via giftcards to over 120 retailers
Today Coinbase has announced a new partnership with WeGift that allows customers to purchase crypto-loaded gift cards which can be used at over 120 retailers including Nike, Google, Uber and more.
Thursday, July 26, 2018
Google adds Ethereum, Litecoin, and Bitcoin Cash to built-in currency converter
Bitcoin Cash, Ethereum, and Litecoin have joined Bitcoin in the Google search cryptocurrency converter. These mark the first additions since 2014.Digital Asset teams with Google Cloud for blockchain application solutions
Through a partnership with Google Cloud, Digital Asset is making its distributed ledger technology available to all developers. Digital Asset CEO Blythe Mathers hopes the move brings tools to more coders.Winklevoss twins snubbed by the SEC in effort to create Bitcoin ETF
The Winklevoss twins and the rest of the world will have to wait a bit longer for a crypto-based ETF. The SEC rejected the twins' application for a "Winklevoss Bitcoin Trust."U.S. presidential candidate Andrew Yang now accepts Bitcoin, Ethereum, and other ERC20 tokens
Venture for America founder Andrew Yang is running for president and has announced via Twitter that his campaign can now accept crypto, in addition to soliciting $1 donations via Venmo.Bitmain opens $1 billion pre-IPO funding round, $15 billion valuation on the horizon
Bitmain is said to be close to securing an additional $1 billion in capital, stretching their valuation to $15 billion in advance of an expected IPO later this year.
Friday, July 27, 2018
Poloniex appears in trouble after complaints surge from disgruntled customers
Poloniex appears to be in trouble after the Delaware DOJ confirms the surge in complaints from unhappy customers. Frozen accounts, withdrawals that take too long, and incomplete KYC are plaguing current users of the exchange.Venezuela goes “all in” on crypto with Petro-backed Sovereign Bolivar
Venezuela's state-sponsored cryptocurrency, the Petro, will now be used to back the Sovereign Bolivar. After rampant inflation from the 2014 oil price collapse, the government is taking dramatic measures to shore up its currency.Proposed VanEck SolidX Bitcoin Trust ETF is still a green light
Despite news circulating that Bitcoin ETFs were rejected by the SEC, the proposed VanEck SolidX Bitcoin Trust ETF seems more likely to be approved than the rejected Winklevoss Bitcoin Trust ETF application.SEC Commissioner Hester Peirce dissents from SEC decision against Winklevoss Bitcoin ETF
SEC Commissioner Hester Peirce took to Twitter to announce a formal dissent against the Commissions order disapproving the rule change that would've allowed the Winklevoss twins to create the first Bitcoin ETF.
Saturday, July 28, 2018
- Google removes crypto mining apps from PlayStore
Due to the increasing risks of "cryptojacking," Google Play has updated their policy to ban all crypto mining apps from the PlayStore.
That's all for this week. Stop by next week for another weekly recap, or visit Max Crypto News for today's crypto news.
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