Cryptocurrency

Cryptocurrency

U.S. Congressman Suggests “Do Blockchain” and “Wall Coins” to Fund Border Wall

Distributed Summary:

  • Ohio State Representative Warren Davidson throws out blockchain-based fundraising to construct wall between U.S. and Mexico border
  • Floats the cryptocurrency name “wall coin” in seemingly offhand remark
  • Demonstrates awareness, if not sophisticated understanding, of blockchain-based fundraising and incentivization

What Do Bear Market Layoffs Mean for Crypto?

The downturn in cryptocurrency prices, termed a “bear market” or “crypto winter,” that has occurred since the all-time high bitcoin price and ICO craze of a year ago continues to dominate the decentralized landscape. Existing projects are having to contend with a shrinking marketplace, and new projects must launch and build through a notably more hostile environment than they would have a year ago.

SEC Chairman Speaks Positively of ICOs, Cautions Adherence to Regulations

Distributed Summary:

  • SEC Chairman Jay Clayton called ICOs “effective ways for entrepreneurs and others to raise capital” in recent speech
  • Reiterated the fact that when “securities are being offered, our securities laws must be followed”
  • Announced the formation of a strategic hub for innovation and financial technology within the SEC

LocalBitcoins Trading Reaches All-Time High in Venezuela

The volume of bitcoin bought and sold using LocalBitcoins in Venezuela has reached an all-time high, according to an astute citizen on Reddit. The trend reflects the surging importance of cryptocurrency in Venezuela as the country faces deep inflation and other economic problems.

Coinbase Considers Adding New Digital Assets to Exchange

Distributed Summary:

  • In blog post, world’s most intro-friendly cryptocurrency exchange mulls adding over 30 new digital assets for potential investors