Crypto Dygest 15 feb 2018
CRYPTO DYGEST 15 FEB 2018
Top 5 News For Today - 15 Feb 2018
Summary:
New US credit card are banned from purchases on Coinbase; First world crypto trading alliance formed in UK; Malaysia’s true democracy principals will let their citizens to decide on the future of cryptocurrencies; Bank’s of Canada alternative to ICO – STO; Citibank India bans debit cards as well from crypto purchases.
BONUS Thread of The Day
UFO Researches Cannot Buy Enough GPU Equipment
1.Coinbase Stops Accepting New US Credit Cards
On the Feb 13 Coinbase official blog states that US customers will not be able to add new credit cards, even if they come from banks that did not put a ban. Those who already have added their credit cards before that date will be able to use it, only if banks allows it. Looks like Coinbase is protecting themselves from any possible hassle in future. Can’t blame them really.
https://www.coindesk.com/coinbase-cuts-off-new-credit-cards-us-customers/
2.First Self-Regulating Crypto Trade Body Conglomerate
Coinbase, eToro, CEX.IO, BlockEx, Coinshares and CommerceBlock united and set up a first trade association to regulate themselves and work closely with UK government. This will allow them to act as a single unit when dealing with government. In future, more organizations like this will emerge all around the world. It will be easier for them to protect themselves against any government activities. However they will not deal with ICOs. Only crypto.
3.Malaysia Will Let People Decide On Cryptocurrency Future
A very democratic step. This may also be a sign of central government not being able to regulate cryptocurrencies themselves. A paper was released on a digital store of monetary value which describes the use of buying and selling goods, services and properties with cryptocurrencies.
4.Canadian Stock Exchange Launches Fully-Regulated Token Funding Platform
With all scams and insecurities coming from traditional ICOs, STO (Secure Token Offerings) will be an alternative, developed by The Canadian Securities Exchange. Not many details covered yet, but they have first project on board with Kabuni Technologies, a blockchain based manufacturing platform that tracks 3d printed products. With any regulations come limitations. It will be interesting to follow how it goes.
5.Citibank India Bans All Cards For Crypto Purchases
Citibank America has banned credit cards for crypto related operations. Citibank India goes further and bans debit cards as well. Indian officials may push other banks as well to implement this new trend because India does not recognize any cryptocurrencies as legal tender. If you cannot control it – ban it.
BONUS Thread of The Day
UFO researchers cannot buy enough equipment, thanks for mining boom
This is it for today.
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