Another week and blockchain technology advancement continues to move forward. Across the globe, blockchain technology advancement keeps chugging along, cementing itself as the eventual premier technology that will be the cornerstone of early 21st century.
The Bittrex exchange will be pushed out of New York due to their failure to adhere to requirements of the powerful New York Department of Financial Services. The likely culprit is due to its BitLicense procedures and the lack of compliance with regulations and numerous discrepancies.
Countries and their central banks are increasingly looking towards issuing their own digital currency. Case in point, the Marshall Islands, China, and Canada. German banks are also behind a push to see a digital Euro offered. Meanwhile, the Central Bank of the Bahamas is ready to release their cryptocurrency but will not give a concrete date.
AT&T is back in the news after Seth Shapiro, head of strategy for VideoCoin, reportedly lost just shy of 2 million dollars after two AT&T employees worked with criminals to steal his funds in another sim-swapping event. The two employees were reportedly paid less than $5,000 total for their work.
Bakkt is continuing to gain strength – so much so that they feel confident enough to launch a consumer app sometime in the first half of next year. This app will make it easier for consumers to interact with digital assets and merchants will have access to a greater number of shoppers. Starbucks is already in the works as a first partner for the app.
Canaan has filed for a $400 million dollar IPO in the United States. They’ve beaten rival Bitmain to getting to the IPO stage. Canaan is confident in its eventual approval – Bitmain, however, continues to struggle over its financial activity and instability.
Big news out of China as Xi Jingping, the country’s president, strongly supported blockchain technology and urged the country towards adopting the technology. To that effect, the People’s Bank of China could soon launch its version of a digital currency. If so, China could lead the revolution in utilizing digital currency throughout the world.
There’s a lot happening in the crypto world – it’s starting to affect daily life. Have you noticed something in your daily life somewhat being affected by crypto or blockchain technology? Let us know what you think on our Facebook page!