#CryptoCorner: US Regulators Unconvinced About Libra Following Switzerland Meeting, Reddit and #Crypto Exchange ShortHop Expands Service to 7 New States
#CryptoCorner: US Regulators Unconvinced About Libra
Following Switzerland Meeting, Reddit and #Crypto Exchange ShortHop Expands
Service to 7 New States
Point Roberts, WA, Delta BC, August 26,
2019 - Investorideas.com, a leader in crypto and blockchain investing news
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Stocks discussed: (NasdaqGS:FB)
U.S. regulators are
still concerned about Facebook’s (NasdaqGS:FB) Libra project, even after
delegates met in Switzerland to discuss the project’s regulation. Congresswoman
Maxine Waters, Chairwoman of the House Financial Services Committee, issued an official
statement
which indicates that she was not satisfied with the state of regulation being
proposed.
“While I appreciate the time that the Swiss government
officials took to meet with us, my concerns remain with allowing a large tech
company to create a privately controlled, alternative global currency. I look
forward to continuing our Congressional delegation, examining these issues,
money laundering, and other matters within the Committee’s jurisdiction.”
Crypto exchange
giant Binance has announced the launch of a
lending platform for August 28. Binance Lending will support Binance Coin (BNB), Ethereum Classic
(ETC) and Tether (USDT). According to the
announcement, Binance Coin will have an annualized interest rate of 15 percent,
while Ethereum Classic and Tether will accrue at 10 and 7 percent,
respectively.
Blockchain-based
internet browser Brave recently tweeted that an update to
its software will enable users to “tip” creators on Vimeo and Reddit with the
platform’s native Basic Attention Token (BAT). Previously,
Brave’s tipping feature was announced for Twitter on August 1. In that announcement, the company
outlined the impetus for the feature:
Great content keeps us coming back to the same sources,
whether it’s reading Web sites, engaging with our favorite influencers on
social media, or watching our go-to channels. Compelling and original content
leads to engaged viewers, and more and more people are looking for ways to
reward their favorite creators, especially if content is not plagued by ads
that track you.
CoinDesk reports that
crypto exchange ShortHop has expanded services to seven new U.S. states,
including: Indiana, Massachusetts, Nevada, New Jersey, Rhode Island, Arizona
and Montana. Jonathan Kelfer, the CEO of ShortHop parent company Velocity
Markets, told CoinDesk that the exchange was founded amid the ICO boom, when
the U.S. lacked reliable exchanges:
“It was my perspective that there wasn’t a U.S.-based
presence where people could reliably base these assets. You really had to get
on some Chinese exchange, because U.S. exchanges weren’t listing most of these
tokens.”
Sam Mowers,
Investorideas
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