Connect with us

Blockchain

BlockchainUa is coming!

BlockchainUA is the main blockchain event in Ukraine. Three years in a row, the strongest community in the field of blockchain and decentralized technologies is gathering to share experiences and idea

The post BlockchainUa is coming! appeared first on AMBCrypto.

Republished by Plato

Published

on

BlockchainUA is the main blockchain event in Ukraine. Three years in a row, the strongest community in the field of blockchain and decentralized technologies is gathering to share experiences and ideas for the development of the industry. International level experts will arrive from different parts of the world to perform on September 18 in Kiev on BlockchainUA

First of all, blockchain is known as a great source of practical content, which is based on the expertise and previous experience of the best specialists in its field. The advantages of the most discussed technology, the issues of entrepreneurship and business in the field of blockchain, current trends, innovative approaches, the issues of regulating blockchain – all this and much more you can hear from experts with real practical experience in the industry.

The program BlockchainUA is very saturated and worth your time. We also provide online access! Stay safe and join us and become a part of a large crypto community!

When: September 18, Kyiv

More details about the conference on the official website

And on Facebook page

You can buy tickets on the link

See you at BlockchainUA!

Disclaimer: This is a Partnered Event.

Source: https://eng.ambcrypto.com/blockchainua-is-coming-2

Blockchain

Kraken to Halt XRP Trading for U.S. Residents

Republished by Plato

Published

on

Given the recent SEC filing against Ripple Labs Inc., we are halting XRP trading for U.S. residents no later than January 29, 2021 at 5pm PT (January 30, 2021 at 1:00 UTC). We may begin implementing this process at any time on January 29, 2021, so all U.S. clients are strongly encouraged to resolve their positions prior to that day.

U.S. residents with open XRP spot positions on margin should satisfy their margin obligations by January 28, 2021 at 11:59pm PT or their positions will be liquidated in accordance with our Terms.

Our clients residing in the U.S. will still be able to deposit, hold, and withdraw XRP with Kraken.

Clients residing in other countries are not affected. XRP markets will continue to operate, uninterrupted, for clients outside the United States.

To clarify how this impacts our clients, we’ve compiled a list of frequently asked questions, which we will periodically update:

What does this mean for me?

After January 29, 2021, U.S. residents will not be able to trade XRP. We intend to cancel open XRP orders and liquidate open XRP positions for U.S. residents on January 29, 2021. U.S. residents are strongly encouraged to resolve their positions prior to that day.

Will I still be able to deposit, hold, and withdraw XRP?

You will be able to deposit, hold, and withdraw your XRP at Kraken after January 29. If that position changes in the future, we will make a public announcement.

How long will these changes last?

We are monitoring the situation regarding the SEC’s filing and will adapt according to any new developments.

Will this impact Spark token distribution?

This does not affect our plans regarding the Spark token airdrop.

Thank you for trusting Kraken. We will closely follow the unfolding situation and continue to adapt accordingly.

Source: https://blog.kraken.com/post/7450/kraken-to-halt-xrp-trading-for-u-s-residents/

Continue Reading

Blockchain

GBTC has a new a competitor in the OTC Bitcoin trust market

Republished by Plato

Published

on

A firm called Osprey Funds is offering an over-the-counter, or OTC, Bitcoin (BTC) trust under the ticker symbol OBTC. The trust is similar to Grayscale’s Bitcoin Trust, known as GBTC.

“The Osprey Bitcoin Trust provides easy access to bitcoin,” the firm’s website says. “With a 0.49% management fee, it is the lowest cost solution.” Osprey is an entity that “builds digital asset solutions for intelligent investors,” claiming OBTC as its “flagship offering,” the website adds.

“OBTC began being quoted in the OTC market today, Friday 1/15,” Osprey Funds’ CEO, Greg King, told Cointelegraph, adding:

“As of 1/14, the product met the requirements to become quoted under the ticker OBTC in the OTC market. Over the next 30 days, the fund will pursue DTC eligibility and after February 14, all additional market makers are allowed to quote it. After that point it will be considered ‘fully launched.'”

Competitor Grayscale has become one of the largest Bitcoin holders in the world, possessing over 500,000 BTC as of November 2020. The firm is behind GBTC, which serves as a way to buy Bitcoin in stock share form. Each share of GBTC represents a fraction of a Bitcoin — 0.00094 BTC per share at the time of publication, based on Grayscale’s website. Interested parties buy and sell shares over-the-counter, available on mainstream brokerage platforms.

GBTC, in part, offers the public easier access to Bitcoin through more traditional avenues, without requiring them to custody their own funds. Grayscale’s Bitcoin Trust comes with a yearly 2% management fee, however. Osprey’s recently unveiled BTC trust touts a fee of 0.49%. “Osprey is likely trying to capture some of that market share by undercutting GBTC’s fee, according to Bloomberg Intelligence,” Bloomberg wrote in a report on Friday. Osprey has called on Fidelity as the custodian for the endeavor.

“We are always happy to see digital currency access products enter the market, especially here in the U.S.,” Grayscale CEO Michael Sonnenshein told Bloomberg.

“Accredited investors face a $25,000 minimum to buy directly into the trust,” Bloomberg wrote. “Shares have a lock-up period of one year before they can be sold in the secondary market.” In contrast, Grayscale’s Bitcoin Trust requires assets to be locked up for six months. Osprey could see its 12-month lock-up cut in half in the future, however, based on King’s comments to Bloomberg.

Wilshire Phoenix, an investment firm, filed for a similar product with the Securities and Exchange Commission in June 2020.

Source: https://cointelegraph.com/news/gbtc-has-a-new-a-competitor-in-the-otc-bitcoin-trust-market

Continue Reading

Blockchain

Law Decoded: The guard changes, and with it, the tweets, Jan. 8–15

Republished by Plato

Published

on

Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.

Editor’s note

Armed National Guardsmen are building up concentric perimeters of black barricades around the U.S. Capitol and its whole neighborhood of federal buildings in preparation for the Biden inauguration and protests against it on Wednesday. Which inspires some déjà vu, whether to last week or last summer.

As much as history is said to repeat itself, the present day seems to be stuck on its own loop. Remember how last week’s Law Decoded was mostly about the handover of presidential power in the U.S.? This is also going to be about that. Apologies; I too hope that this stops dominating news.

In the same vein, today’s leading stories are going to feature a cast of characters eerily similar to last week’s. If it’s any help, their primary role in today’s plot is that they are all about to change.

Watch the platform

One consequence of last week’s violence at the U.S. Capitol was the lockdown on President Trump’s Facebook and Twitter accounts. CEO of Twitter and Square Jack Dorsey wrote an extended thread on the decision last night, pointing to what many see as the grand crux of the current tech dilemma. Platforms make their own decisions in a free market, but consumers have little free choice between providers when a small group of major companies act collectively.

Facebook and Twitter went on to purge a number of far-right accounts — a decision they are certainly allowed to make, by law. Many of those accounts migrated to encrypted channels like Telegram and Signal, which saw a surge in bad press attacking them for fostering extremism. A combined blockade from Apple, Google and Amazon Web Services seems to have completely strangled Parler, which was a known online hangout for white nationalists. And it’s not just social media. Stripe, PayPal and Square announced that they would cut off payments to organizations connected to last week’s rallies. In advance of Wednesday’s inauguration, AirBNB has shut down rentals in the D.C. area after conversations with the mayor’s office, with a number of local hotels joining them.

Allow me to be clear: I have no patience for “stop the steal,” QAnon, nor the Proud Boys and the whole constellation of white supremacist groups surrounding them. As a D.C. resident, I don’t particularly want these protestors here either. But these are some problematic methods. Even Reporters Without Borders, certainly no fans of Trump, called for more democratic controls in the face of this mass deplatforming.

While these companies have free rein to police content on their platforms, politicians don’t always have to pass laws to pressure and even deputize private companies into doing their bidding, which is more of a First Amendment concern. Republicans and Democrats in federal office have spent recent years threatening social media giants to get them to fall in line. With Democrats narrowly winning the Senate as of last week, the recent excision of Trumpism may owe more to self-preservation than moral awakening. All of which makes me deeply uncomfortable.

Last week’s attempted insurrection was undoubtedly outside boundaries of freedom of speech. Authorities should arrest those who stormed the Capitol, especially those who did so looking to commit violence upon elected officials. Twitter and Facebook were right to cut off Trump’s megaphone. But the U.S. is facing some dangerous trade-offs between freedom and security. Dorsey’s ultimate conclusion is especially intriguing: If these platforms are going to function as town squares, they should be decentralized so there is no individual making these calls. But don’t expect legislators to wait around for that to happen before they act.

A parting gift from Brian Brooks

Brian Brooks has left the building, but not before an encore.

On Brooks’ last day as the head of the Office of the Comptroller of the Currency, the OCC announced that it had granted a national charter to Anchorage.

Compliance-minded crypto-based financial services in the U.S. have historically depended on state money services business licensing. The OCC, the regulator for national banks, has long flirted with a means of expanding that access to more niche fintech firms that may not hold traditional deposits — freeing them from the FDIC requirements that typical banks have, but otherwise authorizing them to operate nationwide.

The concept is a major rethinking of what exactly banking is, and Anchorage is the first recipient. While the idea goes back well before Brooks’ time, he is the most fintech and crypto-forward figure to lead the OCC. In only seven months as acting comptroller, Brooks has been instrumental to a flurry of actions to integrate crypto into the financial system.

Brooks’ position is, however, an appointed one, with a formal nomination from Trump coming only after the November election. The Senate, occupied with presidential shenanigans and seeing a sea change clear on the horizon, never scheduled Brooks’ confirmation hearing.

FinCEN flinches

The Treasury’s Financial Crimes Enforcement Network has extended the timeframe on its controversial proposal to require crypto exchanges to hold more data on self-hosted wallets they transact with.

This is not to say that the rule has been cancelled. Far from it. But one of the central concerns over the proposal was the fact that it gave only 15 days for response, days which fell on Christmas and New Year’s Day and came immediately before a new administration comes to power.

The slowdown was thanks to an overwhelming response from the crypto industry, which on average submitted some 500 comments a day. The extended window will put any final decision on the proposal in the hands of the next administration. The rulemaking was part of an overall suspicion of crypto from Secretary Treasury Steven Mnuchin, who, alongside many of Trump’s cabinet picks, was obsessed with uncontrolled capital flows out of the U.S. and consequently saw crypto primarily as a threat. While the next administration is likely to put out a rule based on some of these provisions, Yellen doesn’t have quite the same tradition of international hawkishness.

Further reads

The Electronic Frontier Foundation argues against firms that, like Amazon, offer technological infrastructure acting as chokepoints for content.

Brookings’ TechStream assesses two new draft laws that aim to reconfigure competition and data management among digital platforms in the EU.

The Economist gives a (comically begrudging) explainer of Bitcoin’s recent bull run.

Source: https://cointelegraph.com/news/law-decoded-the-guard-changes-and-with-it-the-tweets-jan-8-15

Continue Reading
Blockchain4 days ago

Ethereum Whale Addresses With Over 10,000 ETH Continue to Grow In Numbers, Price Holds Above $1000

Blockchain3 days ago

Bitcoin Will Be Analogous to Amazon, Mark Cuban Compares Crypto to the Dot-Com Bubble

Blockchain3 days ago

‘Crypto is exactly like dot com bubble; Bitcoin, Ethereum can survive it’

Blockchain3 days ago

As Bitcoin Regains Lost Ground, Options Traders Bet on $52K Move By Late January

Blockchain3 days ago

Ethereum Price Analysis: 12 January

Blockchain4 days ago

Shanghai Government Invests $5M in Blockchain Startup Conflux

Blockchain3 days ago

Brian Brooks, Crypto-Friendly OCC Leader, Steps Down

Blockchain3 days ago

Coinbase Custody Lists DeFi Project BarnBridge

Blockchain3 days ago

Bitcoin ‘real’ daily trading volume tops $22B as BTC price recovers

Blockchain3 days ago

How the OCC Is Building Crypto America (and Saving Banks From Extinction)

Blockchain2 days ago

SolidX Sues VanEck Over Bitcoin ETF Plagiarism

Blockchain4 days ago

Crypto Community Expects Bitcoin to Surge Amid Biden’s $3 Trillion Stimulus Plan

Blockchain4 days ago

Bakkt to Become a Publicly Traded Company worth $2.1 Billion Via New Merger

Blockchain4 days ago

IMVU’s new blockchain-backed stablecoin goes live

Blockchain4 days ago

HSBC Blocks Transactions From Crypto Exchanges

Blockchain3 days ago

Trader comforts the market’s traumatized first timers amid falling prices

Blockchain3 days ago

Is China Poised to Nationalize Alibaba?

Blockchain3 days ago

Gensler Said to Be Named SEC Chairman: Reuters

Blockchain3 days ago

Uniswap’s growth lead bites back over Yearn Finance’s SushiSwap merger

Blockchain2 days ago

EU Crypto Payment Processor To Remove XRP Following The SEC Charges

Trending