Last week, JPMorgan (JPM) took the fintech world by storm when it revealed that it has been developing JPM Coin, a new Ethereum-based stablecoin that serves as a means to instantly settle payments between clients. As we reported at the time, the cryptocurrency market failed to move higher, suggesting a lack of interest from established market […]
SludgeFeed
NYDFS Hastens Response to BitLicense Applications
According to data obtained from the source – the New York Department of Financial Services itself – the financial regulator has only responded to 9 of 36 BitLicense applications submitted since 2015. Five have been denied, four have been approved, the rest are still going through the process. Fortune writer Robert Hackett became interested in … Continued
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UK Regulators Plan “Comprehensive Response” to Illicit Crypto Use
Christopher Woolard of the United Kingdom (UK) Financial Conduct Authority (FCA) has indicated that UK regulators are planning a “comprehensive response” to the illicit adoption of crypto assets amid increased adoption among local businesses and consumers. Despite announcing increased regulatory action regarding illegal use of crypto, Woolard stated he does not view crypto assets as a threat to financial stability.
Also Read: Venezuela Approves Law Granting Legal Effect to the Petro
UK Regulatory Institutions Collaborate to Assess Crypto
Speaking at the Regulation of Cryptocurrencies event in London, Christopher Woolard, the executive director of strategy and competition at the FCA, stated that the regulator is planning to take significant action to crack down on the illicit use of cryptocurrencies.
Consumer Response to Facebook’s New Home Camera Is Pretty Much What You’d Expect
After months of dealing with regulators and fallout from its Cambridge Analytica scandal, Facebook has announced a new product and it’s about as tone deaf as you would imagine. The Portal and Portal+ are two new video communication devices that are designed to live within your home, enabling friends and family to remotely hang out. […]
SludgeFeed
Monero Releases Malware Response Group and Successfully Patches Burn Bug
Monero has officially released its Malware Response Workgroup website yesterday. In an effort to help protect Monero’s community, the website aims to provide resources to educate about the types of malware that may take advantage of users. It provides support for problems including unwanted in-browser and system mining (cryptojacking) and ransomware, all which have been a growing problem as of late.
In a blog post by Justin Ehrenhofer on the Monero website, the Malware Response Workgroup is “a self-organized set of volunteers that maintains these resources and provides live support.”
Clear-Headed Response to Crypto ETF Rejections Drove Bitcoin Price to $7,100: Analyst
What’s behind the recent bitcoin rally price to $ 7,100? Michael Moro, CEO of Genesis Trading and Genesis Capital, thinks the market’s stable reaction to the SEC’s ETF rejections last week played a big role. Interviewed on CNBC, Moro noted that the selloff that has greeted SEC rejections in the past did not materialize. The important
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Goldman Sachs Hires Crypto Trader ‘In Response to Client Interest’
Goldman Sachs has had its feelers in the cryptocurrency waters for a while. Now, the Wall Street giant looks set to take the plunge, having just hired a cryptocurrency trader to help the company expand into digital asset markets.
High Profile Hire
With Bitcoin looking rather bullish once more, Goldman Sachs is getting serious about cryptocurrency.
Goldman Sachs has hired former trader Justin Schmidt to head the multinational investment bank’s and financial services company’s digital asset markets in Goldman’s securities division, as reported by Tearsheet.
