Another week, another great push forward for blockchain and cryptocurrencies. Across the globe, a great deal of attention is being placed on the ecosystems from everyday people to the highest levels of government. The evolution of crypto continues and a lot of activity shows that the future will be here sooner rather than later.
The Bittrex exchange is going to be forced out of New York, as much as it would have liked to remain due to failure to adhere to requirements of the New York Department of Financial Services. It had thought it had been given a pass as the department is reviewing its BitLicense procedures, but too many discrepancies related to a lack of compliance with regulations will require the exchange to exit.
The Marshall Islands, China, Canada—just three countries that are either launching or considering launching a digital currency. A group of German banks is also behind a campaign to see a digital euro offered. In the meantime, the Central Bank of the Bahamas is ready to take the plunge. It announced this week that it will expedite its plans to release its own digital currency, but hasn’t yet provided a concrete date.
AT&T is going to have to answer to another SIM-swapping lawsuit. It hasn’t been filed yet, but it more than likely will after Seth Shapiro, the head of strategy for VideoCoin, reportedly lost $1.8 million after two AT&T employees allegedly connived with criminals to help steal the funds. The two were paid less than $5,000 total for giving up personal information that facilitated the access and are now facing a few years behind bars.
The Bakkt crypto futures trading platform is now live and gaining strength. It was slow getting off the line,