Presidential Candidate Accepting Crypto Campaign Donation

Andrew Yang, A 2020 Democratic presidential candidate has announced last Tuesday that he is now accepting Bitcoin Ethereum and other cryptocurrencies for campaign donations.

Donors who wish to contribute to his election campaign via cryptocurrencies are required to accomplish a donation form as it is required by federal law to provide some of the donor’s information.

Campaign donations made with cryptocurrency is limited only to $2500 USD.

This made Andrew Yang the first Presidential Candidate and the first politician to accept Ethereum based tokens.

Crypto Exchanges In Japan Proposes Borrowing Limits

A self-regulating crypto organization in Japan, Japan’s Virtual Currency Exchange Association (JVCEA) is said to have proposed a borrowing limit for margin trading.

The said move was designed to protect local cryptocurrency traders from the risk associated with dealing with this new asset class.

To put this in perspective, statistics released by Japan’s market regulator, the Financial Services Agency (FSA) there were only about 142,000 active crypto traders focused on derivatives which is a relatively small fraction of 3 million derivatives traders in total in the country.

However despite its small number accounted for over 80% of local crypto trading came from this sector with a total of about $543 billion trading volume in 2017.

South Korea’s Number One Telecom Company Reveals Its Own Blockchain Network

The largest Telecom Company In South Korea, KT Corporation, has launched its own blockchain-powered commercial network.

On local news outlet the telecom giant reveal that this new blockchain initiative was built on top of its already existing legacy network infrastructure making their network more secure and transparent.

Seo Young-il, the head of KT Blockchain Center states that blockchain technology said that the initiative aims to address security and transactions issues by making the current network more secure and trusted.

The said blockchain network has the claimed capacity of about 2,500 Transaction Per Second which is a lot faster than the top two blockchain powered Dapps, Bitcoin and Ethereum with 3 TPS and 15 TPS respectively.

Binance Set Out To Conquer South Korea

It has been rumored that Binance is poised to open shop in South Korea which is widely considered as one of the world’s most active crypto market with over $600 million worth of cryptocurrency traded everyday day.

This makes South Korea as the 5th most active in cryptocurrency trading worldwide.

Binance however has yet to offer a statement with regards to its intent of entering the country’s market but it is interesting to note that Binance has hired a number of Korean national which will be instrumental in launching up to 5 local corporations in 2018 in South Korea.

This Korean’s are Jeon Ah-rim, as local marketing director and Choi Hyung-won, as director of Binance Labs.

A friendlier regulatory atmosphere might have prompted this move on the part of Binance in South Korea but only time will tell their motive.

Whatever the case is the world’s Number 1 cryptocurrency trading exchange will face stiff competition with first-mover advantage.

No To Crypto Ad Still: Google

The internet was abuzz with news that cryptocurrency ads were back on both Facebook and Google in the last few days however this might be partially correct only.

First Facebook has indeed allowed some cryptocurrency advertisements in its platform removing its blanket bans on all cryptocurrency related ads allowing some advertisement but still restricting any ads that pertains to ICO and binary options.

Second Google has not lifted its ban on Crypto ads as confirmed by a tweet by @GoogleAds stating that they are still not allowing cryptocurrencies and related content in their advertising platform.

This policy is still ongoing to protect Google users from falling prey to the prevalent cryptocurrency scam that has been plaguing the space until now.

Although this issue is still debatable its policy is here to stay until the Internet Giant says otherwise.

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