Bitcoin in the Headlines: BitLicense Arrives, But Wild West Remains
Bitcoin in the Headlines is a weekly look at bitcoin news, analysing media and its impact. Bitcoin's Wild West days may be numbered, or so the headlines would have us believe. This week saw the release of the final version of the BitLicense, New York's long-awaited, and still heavily debated, state-specific regulation for bitcoin businesses. Unsurprisingly, the news was extensively covered in the media, and often heralded as a milestone in the evolution of the emerging technology. Many stories used legitimizing language and headlines that foreshadowed that bitcoin had taken yet another....
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Following up on an article in which the United States Consumer Financial Protection Bureau (CFPB) was aiming to give bitcoin more attention comes a potentially controversial statement from the Bureau's Director, reports The Hill. The watchdog bureau is waving the flags of caution for those who may be interested in getting involved with the digital currency, or any other cryptocurrency, adding these emerging payment forms carry "significant risks." "Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions," said CFPB....
Last month was a crypto rollercoaster. Bill Gates said crypto is based on greater fool theory. The market has lost more than $1 trillion dollars since November, and there are still signs of further damage, including Celsius’ pause on withdrawals. The wild west of finance is clearly suffering, and the whiplash pace of recent headlines is likely to leave most investors full of uncertainty and anxiety. Pionex’s trustworthy crypto trading bots can help investors weather the crypto storm.
Despite the recent maelstrom of bad news, the fundamental innovations behind....
On June 6, the Web3 entertainment company Gala Games announced that the Wild West-focused battle royale blockchain game Grit will soon be available via the Epic Games Store and accessible to 194 million users. The well known company Epic Games is the producer of the Unreal Engine and the popular online video games Fortnite and Gears of War.
Blockchain-Powered Grit Gets Added to the Epic Games Store — Gala Games Exec Says Epic Listing Brings Legitimacy to This New Genre of Gaming
The Epic Games Store currently hosts a blockchain video game called Grit, a Wild West-based....
New York's BitLicense has made the headlines globally over the past two years and has blazed a trail for regulators across the world looking to oversee bitcoin activity. CoinDesk's latest research report, available from today, takes an in-depth look at the regulatory framework, including what it means for bitcoin's future in the state, and beyond. The 32-page document charts the progress of the NYDFS' legislation - both groundbreaking and divisive - from its announcement, through two years of fact-finding and debate, to its completion. A must read for regulators, investors, lawyers and....
The process of getting all of the paperwork and legal documentation together is both time-consuming, and costly. But that is not the biggest concern, as BitLicense requires companies to keep an extensive amount of details on all of their customers. Two more companies are on the brink of obtaining the infamous Bitlicense, which makes Coinbase and Ripple compliant Bitcoin entities in the state of New York. Both companies applied for their license several months ago, but it looks like there is light at the end of the tunnel. According to a source familiar with the matter, both Ripple and....