Top Headlines
- Facebook Announces Cryptocurrency for WhatsApp Users
Facebook plans to launch their own cryptocurrency in the next few months for users of Facebook-owned WhatsApp. The launch will encourage the sending and receiving of the new cryptocurrency to friends and family. (New York Times)
- Binance Offers New Incentives
As Binance continues to develop their decentralized exchange, they’ve launched a new incentive for those willing to test the exchange by offering $100K in tokens for their “testnet trading competition”. (Coindesk)
Subscribe to Crowdcrypto News
Track the latest developments in the regulatory landscape.
Crypto News
- Class Action Against Ripple Will Stay in Federal Court
The class action suit filed against Ripple must stay in federal district court, a judge found this week, which may bode well for the crypto firm facing claims of selling unregistered securities. As a corporate defendant, Ripple fought hard to stay in federal court as corporate defendants are historically more successful. (Coindesk)
- The Rise of Stablecoin
Stablecoins are on the rise, with the recent launch of JPMorgan’s JPM stablecoin adding to notoriety of this asset class. Are they set to face the SEC and CFTC for regulatory approval?. (Coindesk)
- Rhode Island Exempts Some Tokens from Rules
The legislature of Rhode Island moves to exempt some blockchain tokens from their securities rules with the filing of House Bill 5595 which would allow for tokens that are exchangeable for goods or services to avoid securities regulations. (Coindesk)
- Warren Buffet Still Hates Bitcoin, But Loves Blockchain
The billionaire investor sat down with CNBC’s Becky Quick and continued to deride cryptocurrency, but reiterated his belief that blockchain technology is valuable as global markets continue to diversify. (CNBC)
Blockchain Spotlight
- Crypto No More
You no longer need to use cryptocurrency to buy HTC’s Exodus 1 blockchain phone. Upon launch last year, the phone could only be pre-ordered with cryptocurrency, but as sales were lower than expected, fiat will now be accepted. (Gizmodo)
- Oracle Working on a Multi-Year Blockchain Project
Tech and database giant Oracle has quietly been working on a multi-year blockchain project to appeal to the ever-growing market of banks and financial institutions wishing to integrate blockchain technology. (Forbes)
- PriceWaterhouseCooper Trials Blockchain-Powered Verification System
Auditing and consulting firm PriceWaterhouseCooper has begun trials of its blockchain-powered verification system for employee credentials, with plans to offer the service which stores and shares digital certificates containing employees’ professional qualifications. (Coin Telegraph)
- Pledgecamp Aims to Protect Crowdfunding Investors
Blockchain startup Pledgecamp has launched to protect crowdfunding investors, using smart contracts to ensure that both startups and investors have a clearer, more legitimate picture as to project goals and fundraising efforts. (Coin Telegraph)
Equity Crowdfunding
- Able Partners Fund Aims to Support Startups Helmed by Women
Female founders have historically struggled to have their startups fully funded, but investors Lisa Blau and Amanda Elian, who founded the Able Partners fund, realized that when women hold the money, startups helmed by women can succeed. (New York Times)