Freakerz Cryptocurrency NewsCast For Today ?

📮 17-11-2019

📈 MarketCap:                  $237 B

📊 24h Mcap %:                  0.26%

⚠️ Bitcoin Dom:                 65.2%

📌 Active Coins:                2,448

📍 24h Vol %:                   9.69%

💲 24h Vol:                     $52 B

1.  The head of research at Fundstrat Tomas Lee details why it is absolutely necessary for Bitcoin to hit $150,000 before the SEC greenlights Bitcoin ETFs. He said that it is necessary for the Bitcoin price to hit $150,000 before the SEC gives a BTC ETF launch a green light. The current volume of the crypto market is too small, he says, stating that $200 bln is not enough to get ETFs launched. Tom Lee thinks that Bitcoin has to be worth at least $150,000 to cope with a daily demand on an ETF.

2.  Neil Bush, son of former US President George H. W. Bush, was paid $300,000 by Ruja Ignatova for attending a meeting related to her fraudulent cryptocurrency known as OneCoin, according to law360. He doesn’t accept the charges against him and claims that he thought everything was legal. Neil Bush met with Ignatova and this is why Scott felt comfortable with the deal. Investor Neil Bush is a board member at Hoifu Energy, a company owned by Chinese businessman Dr. Hui Chi Ming. The company was involved in a $60 million loan deal that would be financed with cash and, strangely enough, OneCoin.

3.  Libra Association developer Michael Engle said that the Libra testnet has registered more than 51,000 transactions since it was reset in September. Developers have also developed 34 projects on the testnet, including 10 wallets and 11 blockchain explorers. The Libra Association has also launched a so-called "pre-mainnet," which is a replica of the actual mainnet for testing purposes. The update stated that the pre-mainnet now has 7 nodes in operation, with 14 more in process.

4.  In a recent interview with the Commodity and Futures Commission (CFTC), chairman Heath Tarbert cast doubt on Ethereum 2.0’s future legal status in regards to U.S. law. The warning is directly related to the block validation planned for the platform’s upcoming upgrade. Proof of Stake (PoS) authentication creates a profit-based system that effectively links owners with returns. Such a system certainly meets the SEC’s normal classifications of a security.

5.  U.S. Democratic presidential candidate Andrew Yang explained that cryptocurrencies and digital assets already compose a great deal of economic activity. “Other countries, which are ahead of us on regulation, are leading in this new marketplace and dictating the rules that we’ll need to follow once we catch up.” he said. Yang promises to promote legislation on the crypto asset market space by defining what a token is, when a token is a security, and clarify the tax implications of owning, selling, and trading digital assets, among others.

6.  Policymakers across the globe have been raising concerns over digital assets for a while now and stressed on the need for regulations. IRS’s criminal investigation chief, John Fort went on to elaborate on the issues pertaining to cryptocurrency kiosks and Bitcoin ATMs. Fort pointed out that IRS has been operating with its law enforcement partners to look into the matter. Fort asserted that the agency intended to look into “compliance issues” associated with people who run these kiosks.

7.  The number of Bitcoin ATMs that allow people to buy BTC and often other cryptocurrencies has now surpassed 6,000 worldwide. There are currently 6,004 machines installed worldwide, over 65% (3,924) of which are in the US. Furthermore, 108 machines have been deployed this month and data also shows that the average daily number of Bitcoin ATMs installed is 11 — the fastest pace this year. Over three-quarters of the machines installed worldwide are in North America, nearly 20% in Europe and only 2% in Asia.

8.  The director of the Financial Crimes Enforcement Network (FinCEN), Kenneth Blanco, has recently said that the country is looking for a way to introduce more strict enforcements on several crypto-related types of businesses. It’s called the “travel rule,” and it would still require all crypto exchanges to verify the identities of each customer. However, they would also need to identify the original parties and beneficiaries of transfers for over $3,000, and that information will be provided to counterparties, if applicable.

9.  Changpeng “CZ” Zhao, the CEO of Binance, a leading cryptocurrency exchange, says institutional interest in Bitcoin (BTC) and other digital assets is on the rise. In a recent interview with Bloomberg, CZ said, “We’re definitely seeing a lot of institutional interest picking up. I think the regulatory uncertainty is still affecting some countries, but there’s definitely a race towards [crypto] adoption now. CZ further said that he believes China will invest “heavily” in platforms using distributed ledger technologies.