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Digital Currency and Blockchain Weekly Round-Up – May 31st, 2019

Fri, 31 May 2019, 11:55 am UTC

World Economic Forum forms blockchain policy council to address governance gaps
The World Economic Forum’s Center for the Fourth Industrial Revolution has formed six councils to work on new technology policy guidance.In its press release, the boards aim to address governance gaps in the areas including autonomous driving, precision medicine, drones, internet of things (IoT), artificial intelligence (AI), and blockchain and the absence of clearly defined rules.

IOSCO seeks consultation on crypto-asset regulation
The International Organization of Securities Commission (IOSCO) is seeking feedback on a consultation paper published on Monday, entitled “Issues, Risks, and Regulatory Considerations Relating to Crypto-Asset Trading Platforms.” IOSCO said it will continue to monitor the crypto-asset trading platforms market to ensure that the identified issues, risks, and key considerations remain relevant and appropriate.

U.S. Members of Congress call upon Presidential Advisor to promote blockchain technology
In a letter to the Director of the National Economic Council (NEC), seven Members of the U.S. Congress have requested to include blockchain technology in Trump Administration’s initiatives on emerging technologies. Led by Congressman Trey Hollingsworth, the letter was supported by the members of the Congressional Blockchain Caucus including Darren Soto, Bill Foster, Tom Emmer, Ted Budd, Josh Gottheimer and David Schweikert.

US State of Montana is now crypto friendly, recognizes utility tokens
The State of Montana has become the recent U.S. state to recognize utility tokens, exempting them from being considered as securities under the local rules. Under the new bill, entitled "Generally Revise Laws Relating to Cryptocurrency," was signed by the Governor of Montana Steve Bullock on May 08. It will go into effect on July 01, 2019.

Australian regulator ASIC updates guidance on crypto-assets and ICOs
The Australian Securities and Investments Commission (ASIC) has published new information to help businesses engaged with initial coin offerings (ICOs) and crypto-assets ensure that they are carrying out their operations in a compliant manner. In a press release dated April 30, the regulator said that it has updated its Information Sheet 225 (INFO 225) Initial coin offerings and crypto-assets, which was first published in September 2017 and had gone through its first update last May.

South Korean government keeps an eye on cryptocurrency market following bitcoin price spike
The South Korean government is keeping a tight watch on the cryptocurrency market again after a pan-governmental meeting was held on Tuesday, according to local broadcasting station KBS World Radio. The meeting, which was presided by the Minister of the Office for Governmental Policy Coordination Noh Hyeong-ouk, was mostly stimulated by Bitcoin (BTC) price's fresh break above 10 million won (~$8,400).

Egypt considers softening cryptocurrency regulation
A proposed bill seeks to impose a ban on the creation, promotion or trading of cryptocurrencies without a license in Egypt, Egypt Independent reported citing a report from the Middle East News Agency (MENA). An official source at the Central Bank of Egypt (CBE) told MENA that the draft bill grants rights the Board of Directors of the central bank to issue rules governing the trading and dealing of cryptocurrencies.

Arrington XRP Capital, Circle and others support Kin’s $5M fund to take on US SEC
The Kin Foundation, which oversees the cryptocurrency developed by the chat platform Kik, has initiated a new campaign to fund a potential legal battle with the United States Securities and Exchange Commission (SEC), Forbes reported. The initiative has already started garnering support from the industry. Backers include Circle, ShapeShift, Arrington XRP Capital, Messari, and Fight for the Future.

Wei Liu claims authorship of bitcoin white paper just to show anyone can register a copyright
Following the copyright registrations for the bitcoin white paper and code filed by Craig Wright in April, another copyright registration for the white paper has been made by Wei Liu, CoinDesk reported. Liu, CEO of crypto market research firm Coinsummer, told CoinDesk that his motive behind filing the registration was to show that “copyright is technically meaningless in this context.”

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  • Bitcoin (BTC) $9,056.66 (+2.57%)
  • Ethereum (ETH) $271.41 (+0.93%)
  • XRP (XRP) $0.432700 (+5.47%)
  • Litecoin (LTC) $137.02 (-0.38%)
  • Bitcoin Cash (BCH) $429.78 (+2.07%)
  • Bitcoin (BTC) $9,056.66 (+2.57%)
Jun 14, 2019 (Friday)
Crypto Technicals: Bitcoin hovers around 20-DMA, poised for upside resumption
National Fisheries Institute to begin seafood blockchain pilot with IBM Food Trust
Reuters, Bloomberg, TradingView add support for new cryptocurrency index ‘CIX100’
Crypto Technicals: Litecoin retraces brief dip below $129, finds strong support at 110H EMA
Facebook's cryptocurrency project gets big backers including Mastercard, Paypal, Uber, Visa: Report
Circle to end support for its payment app, to shift to blockchain-based financial projects
Bitcoin startup Bitrefill closes $2M seed round led by Coin Ninja
U.S. FDA picks IBM, KPMG, Merck and Walmart to develop blockchain platform for prescription drugs
Turkey's BKM launches blockchain-based digital certificate platform co-developed with Microsoft and VeriPark
Bakkt to begin bitcoin futures testing on July 22
R3, Bradesco, Itau team up to develop blockchain-enabled platform for foreign trade and insurance: Report
Brazil considers promoting blockchain in public administration in new proposed bill
FINRA fines, suspends ex-Merill Lynch advisor for crypto mining business
Less than 5% of GitHub crypto contributors are women: Study
Jun 13, 2019 (Thursday)
John McAfee launches new cryptocurrency trading platform
Indian government-backed learning initiative SWAYAM offers free course on cryptocurrencies and blockchain
Crypto Technicals: ETH/USD consolidates break above 20-DMA, scope for further upside
Square Crypto announces former Google director Steve Lee as first hire
FATF to release new policies for global digital asset industry affecting crypto exchanges, custodians, hedge funds: Report
Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption
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