Reddit chief technology officer Chris Slowe recently indicated that the platform’s decision to abandon support for digital currency payments will likely be reversed in the near future. In an interview with Cheddar, Slowe suggested that Reddit is also looking at expanding crypto payment options to include not just Bitcoin, but Ethereum and Litecoin as well.
Earlier this week, Malta’s cabinet approved crypto-related bills, according to a report from Finance Magnates. The three bills are designed to provide regulatory guidance for the industry, protect investors, and ensure greater market integrity. They now advance to the House of Parliament, which will debate the measures.
Officials in the Philippines have decided to approve 10 digital currency and blockchain companies to operate in one of the country’s special economic zones, according to reporting from Reuters. The move follows a February decision by regulators that helped to provide a legal way for those firms to take advantage of the tax benefits that economic zones offer.
On Wednesday, Nasdaq CEO Adena Friedman suggested that Nasdaq could be open to “becoming a crypto exchange” at some point in the future, provided that the industry continues to mature and gain stability. Friedman made the comment during a Wednesday appearance on CNBC’s Squawk Box, noting that there were still industry issues that would need to be addressed before Nasdaq could consider adding that type of trading platform.
Japan’s sixteen licensed digital currency exchanges have reportedly agreed to unite to create a new organization which will self-regulate the nation’s exchange marketplace. That entity will be called the Japanese Cryptocurrency Exchange Association, according to a report from media outlet Asahi Shimbun.
The Supreme Court of Russia has ordered the City Court in St. Petersburg to take up a complaint involving a ban on cryptocurrency-related websites. The decision on Friday directs that court to review an appeal of the 2016 District Court decision that blocked Bitcoininfo.ru, according to a report from The Russian Legal Information Agency (RAPSI).
During a meeting with my boss several months ago, he brought up a matter of scheduling – and I did not have my calendar in front of me. “What? No calendar?” he exclaimed. “You need to have your calendar with you; you need to write everything in it, and you need to bring it everywhere you go. That’s what people who have real jobs with real responsibilities do.”
Current San Francisco Federal Reserve president John Williams suggested in a speech on Friday that cryptocurrency is unlikely to replace the current fiat currency system, according to reporting from CNBC. Williams, who has led the San Francisco Fed since 2011, was recently chosen to take over as president of the New York Federal Reserve when William Dudley retires on June 17.
In an interview with Reuters, Monex Group CEO Oki Matsumoto reportedly suggested that Japan should exercise stricter regulatory authority over the nation’s digital currency exchanges. He compared the exchange services to those provided by banking institutions and said that a move toward tighter regulation is just “common sense.”
In a blog post this week, International Monetary Fund (IMF) Managing Director Christine Lagarde called for policymakers around the world to “keep an open mind” about cryptocurrencies and focus on developing what she called an “even-handed regulatory framework.” According to Lagarde, that approach will enable regulators to minimize potential risks in a way that doesn’t stifle creativity and innovation.
GameCredits has announced the introduction of a new desktop application that it is calling GShare. The company, which focuses on servicing the global gaming community, announced the news in a post on Medium. According to reports, the application is a redesigned version of an existing “signature application” that allowed its users to use GPU and CPU power to earn digital currency.
Coinbase has announced the formation of a new fund called Coinbase Ventures, which will be focused on providing investment funding to startups in the cryptocurrency space. In a blog post published on Thursday, the company explained that its goal is to help facilitate the growth and development of the digital currency ecosystem:
On Wednesday, South Korea’s Fair Trade Commission (FTC) ordered 12 domestic digital currency exchanges to make revisions to their user adhesion contracts. The regulatory body has reportedly investigated those exchanges and has identified more than a dozen contract terms that it considers unfair to customers, according to a report from Korea Joongang Daily.
Reports from Nikkei Asian Review and a number of other media outlets on Tuesday suggested that the Monex Group was considering a purchase of the beleaguered Coincheck digital exchange. Monex has since released a statement that acknowledges its interest in acquiring Coincheck but denies that any purchase decision has been made.
DNotes Global, Inc. has announced the production release of the company’s DNotes 2.0 digital currency, which will reportedly offer upgraded features and new benefits for the coin’s stakeholders. In a press release issued on Monday, the company confirmed that the latest version of DNotes comes with several important changes designed to reward DNotes owners and further the goal of achieving widespread acceptance and adoption of the digital currency.
Online retailer Newegg has announced that its Canadian customers will soon have the option to use Bitcoin for merchandise payments. The California-based company has been offering that payment option to its customers in the United States since 2014. In a press release, Newegg CEO Danny Lee cited several reasons for the company’s decision:
Launching their mainnet March 29th is Nebulas, a decentralised search framework for blockchain, brought to you by NEO co-founders Hitters Xu and Aero Wang.
Just like the internet, blockchains will eventually require search engines to locate addresses, content and dApps, as well as verify their relevance, importance, and legitimacy.
Nebulas hopes to provide the foundation for this using their “Nebulas Rank” system, which will provide a way to assign ranking scores not only on their own blockchain, but across all major blockchains in the ecosystem – in much the same way that Google Search rankings perform that function for the internet.
Bitfinex released a statement earlier this week, confirming that the company will not list the Venezuelan Petro token on its exchange. In the blog post that made the announcement, Bitfinex noted that the company considered the token to have “limited utility” and believes that the Petro’s real purpose may be to help that nation’s government avoid “legitimate sanctions.”
Ripple announced on Wednesday that the company has donated $29 million of its XRP cryptocurrency, in response to a crowdfunding effort to obtain charitable funds for public school educators across the United States. The gift was made to DonorsChoose.org, a crowdfunding site that teachers throughout the U.S. have been using to request donations to help them pay for additional classroom supplies.
An announcement on Tuesday revealed that Japanese luxury automobile dealership L’Operaio has partnered with bitFlyer to give its customers the option of using Bitcoin for their high-end car purchases. According to media reports, the exchange has confirmed that the Bitcoin option will initially be limited to three Tokyo stores, with a goal of expanding the option to other L’Operaio locations in the future.