On Wednesday, the House Financial Services Committee heard testimony from a collection of cryptocurrency professionals. In addition to addressing concerns about investor speculation, witnesses provided their thoughts on the patchwork of existing regulations. They seemed to possess a shared goal: protecting investors without stifling innovation. However, witnesses presented different ideas about how the crypto-community and federal authorities can achieve that lofty aim.
<h1>IBM Executives Highlight Blockchain Technology At Annual Investor Briefing</h1>
IBM recently held its annual Investor Day briefing, where top-level executives highlighted blockchain as fundamental to its future business initiatives.
Australia Warns of Fake ‘Tax Collectors’ Demanding Bitcoin
The Australian Taxation Office issued a warning Monday alerting residents not to send cryptocurrencies to scammers claiming to be tax collectors.
<h1>Philippine Senate Bill Would Increase Penalty For Crimes Involving Cryptocurrency</h1>
A bill in the Senate of the Philippines would increase the penalty for crimes that involve virtual currency.
UK Crypto Exchange to Launch Bitcoin Futures Contracts
Cryptocurrency exchange CoinfloorEX announced it would offer bitcoin futures contracts as of April 2018.
Crypto Is a ‘Crock’? Twitter Reacts to House ICO Hearing
Despite the overall measured tone of Wednesday’s House ICO hearing, a couple lawmakers’ comments set Twitter aflame.
<h1>Huawei Developing Solution For Evaluating Blockchain Performance</h1>
A leading Chinese tech firm is working on software that it hopes will help establish a common framework for analyzing the performance of various blockchain platforms.
Brazilian Officials Caught Using Bitcoin in $22 Million Scam
Corrupt Brazilian officials have been caught allegedly using bitcoin to divert millions in public funds that were intended for prison supplies.
Bitcoin Price Sheds $800 In Drop to 1-Month Low
Bitcoin hit a one-month low on Wednesday as its price slipped below $8,300 during afternoon trading.
Strong Words, Little Action: ICOs Draw Fire at US Congress Hearing
Members of the House of Representatives held a hearing to determine what, if any, regulations are needed in the ICO space.
<h1>Trial Planned For Central Bank-Issued Cryptocurrency In Eastern Caribbean</h1>
The monetary authority of eight island economies in the Eastern Caribbean has agreed to take part in a pilot program that will involve issuing a digital currency.
US Lawmaker Presses Treasury on Venezuela’s Petro Sale
Florida senator Bill Nelson has denounced Venezuela’s petro token and asked how the U.S. Treasury plans to enforce sanctions.
Florida State Employee Arrested for Allegedly Mining Crypto at Work
A state employee at Florida’s Department of Citrus has been arrested for allegedly using official computers to mine bitcoin and litecoin.
Huawei Is Building Tech That Can Stress Test Blockchains
Chinese telecoms and electronics giant Huawei has been secretly working on a project designed to gauge the abilities of various blockchains.
Thailand’s Cabinet Moves to Regulate and Tax Cryptocurrencies
The Thai Cabinet has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states.
Playboy TV to Accept Crypto Payments for Adult Content
Playboy TV is launching a new payment optionĀ that will allow customers to access its exclusive content using cryptocurrencies.
Philippines Lawmaker Seeks Tougher Penalties for Crypto Crimes
A senator in the Philippines is hoping to usher in harsher penalties for crimes that involve cryptocurrencies.
Bitcoin Sinks Toward $8K and Faces Further Sell-Off
The bulls’ failure to capitalize on bitcoin’s recent price recovery has left the doors open for a sharp sell-off to February lows.
CryptoBunnies: China’s Xiaomi Launches CryptoKitties Knock-Off
Xiaomi, one of China’s biggest smartphone makers, quietly launched its own CryptoKitties knock-off this morning.
Ethereum Is Throwing Out the Crypto Governance Playbook
An ethereum event provided evidence that when it comes to a path forward on governance, the world’s second-largest blockchain is going its own way.