Minnesota Official Urges Caution On Bitcoin Despite No Reported Problems In The State
Minnesota's commerce commissioner has warned consumers in his state to be wary of bitcoin despite no reported bitcoin-related problems, according to Minneapolis The Star Tribune. The warning marks the third U. S. state regulator in a month to issue such a warning. Mike Rothman, the Minnesota commissioner, acknowledged that legitimate businesses are using bitcoin and developing legitimate uses for it to buy and sell goods. He also says there are no reports in Minnesota of consumers being scammed with bitcoin. He nonetheless warns there is a dark side to bitcoin and since it's not backed by....
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Warnings against the usage of Bitcoin are nothing new in the for Bitcoin enthusiasts, and the recent statement by the Minnesota Commerce Commissioner is not mentioning anything the world hasn’t heard before. The recent “manhunt” to identify Satoshi Nakamoto – the creator of Bitcoin and blockchain technology – showcased the popular digital currency’s mystery aspect. That doesn’t mean Bitcoin buyers should be worried about anything just yet, though. There is no denying Bitcoin is gaining popularity in recent months, which is catching the attention of government officials all over the world.....
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months.
Solana Facing Throughput Issues
Solana, a smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and....
A Minnesota senator is leading the latest effort to bring bitcoin and its benefits to the global public through a new bitcoin-focused non-profit called yesbitcoin. Described as a consumer-facing organization with worldwide ambitions, yesbitcoin has announced a strategic communications effort aimed at advancing bitcoin through advertising and merchant-adoption efforts. Republican Senator Branden Petersen, the Executive Director and founder of yesbitcoin, spoke to CoinDesk about how his organisation aims to achieve this goal. In the interview, Petersen compared the program to American....
During her visit to the United States, the official highlighted the importance of a truly global regulatory effort. While the European Union proceeds with smoothly passing its landmark crypto framework, the Markets in Crypto-Assets (MiCA), through the legislation phases, its financial services chief urges their United States’ counterparts to keep in step to ensure the forthcoming regulations will be global, not local. On Oct. 18, the European Commission’s financial services commissioner Mairead McGuinness emphasized to the Financial Times that the regulatory efforts should take a global....
As recently reported elsewhere on CryptoCoinsNews, price action has become “interesting” again after a long period of congestion. A possible explanation is that large traders are (re)positioning ahead of the re-opening of Chinese banks tomorrow. Although I don’t believe them to be the sole drivers of the uptick in Bitcoin price volatilty, problems with a couple of cryptocurrency exchanges have occurred during this period of expanding price movement. This issue of slow or failed withdrawals from Gox has been brewing for some time. Mt. Gox have released an official statement, asking for....