#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 brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving the cryptocurrency market.

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August 26 Crypto Corner

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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