The oil-backed Venezuelan government issued digital currency $PETRO
is now available for sale
. $PETRO can be purchased directly from Venezuela’s treasury with bitcoin or litecoin, and is also available on six different government-approved exchanges.
Former US Fed Chief Janet Yellen lamented Bitcoin
onstage at Canada’s Fintech Forum. She went through the usual, almost entirely debunked
list of anti-Bitcoin talking points, finally ending on the possibility of the Fed issuing its own digital currency.
The small-scale Canadian cryptocurrency exchange MapleChange is suspected of pulling an “exit scam
” after announcing via Twitter
that “Because we have no more funds to pay anyone back, the exchange has to close down unfortunately. This includes all of our social media.”
Soon afterwards, users found and published
the identity of the exchange’s CEO.
At the D.C. Fintech Week conference, SEC director William Hinman said the regulatory agency will publish guidelines
on token offerings
in “plain English”. This guidance will help companies and developers discern whether their potential token offering is considered a security or not, though no projected date for the publishing was given.
Crypto-mining giant Bitmain announced via Twitter
that they will offer two new models of 7nm miners
designed for SHA256 dubbed S15 and T15 beginning November 8th.
Tether Limited, the issuer of the most popular stable coin “Tether” ($USDT), has recently announced a banking relationship with Deltec Bank
, a 72-year-old financial institution headquartered in the Bahamas. Though fellow stablecoin issuer Cameron Winklevoss has admitted
an audit of any stablecoin reserves is currently impossible to achieve
, chairman of Deltec Bank Jean Chalopin combated negative press surrounding the announcement by affirming that “The letter published by Tether is authentic.”
Morgan Stanley has released a 50-page report
on cryptocurrencies, ICOs, stablecoins, and their relation to institutional investment, energy consumption, and regulation. Data in the report suggests a growing institutional investment interest
, but not without obstacles such as “underdeveloped regulation” and the lack of custody solutions.