Cryptocurrency News

During an interview, US Congressman Darren Soto stated that the Securities and Exchange Commission (SEC) shouldn’t regulate most cryptocurrencies. According to Soto, cryptocurrencies should instead be overseen by the CFTC (Commodities and Futures Trading Commission) and the FTC (Federal Trade Commission).

In the latest cryptocurrency news, the digital currency mining malware responsible for taking over ransomware and other types of malware some time last year became the top scourge of the internet.

The world’s leading cryptocurrency exchange called Binance will reportedly hold the first ever Binance Blockchain Week. It is expected to be launched in in Singapore from 19 to 22 January this year.

Cryptocurrency exchange Gate.io’s researchers have confirmed that a 51% Attack took place on the ETC (Ethereum Classic) network. The researchers also published the analysis of ETC related transactions that occurred on the cryptocurrency exchange’s platform during the attack.

It appears that there is a brand new application that will enable Litecoin (LTC) users to send and receive payments using SMS. The company called Lite.im revealed on Twitter a couple of days ago that there are about 2 billion Facebook users who can invest in the company.

In the latest cryptocurrency news, the chaos of approving Bitcoin ETF continues across crypto space courtesy of US regulators. Official reports suggest that Japan’s very own Financial Services Agency (FSA) is quite optimistic to approve the proposal.

Switzerland-based ShapeShift’s Chief Executive Officer Erik Voorhees announced via Twitter on January 08 that the cryptocurrency exchange was laying off one-third of its staff.

Japan’s financial market watchdog called The Financial Services Agency (FSA) is looking for ways to regulate unregistered companies that offer digital currency investment services. Apparently, it has already made it mandatory for every crypto exchange in the country to obtain a license before operations could be started.

In the latest cryptocurrency news, China’s second biggest manufacturer of Bitcoin mining hardware called Canaan Creative is heavily considering listing in the United States. The plan came after shelving goals specifically meant for a Hong Kong initial public offering (IPO). This was according to sources familiar with the matter.

Coinbase Inc. and Kraken have been forced to suspend ETC (Ethereum Classic) trading after the altcoin was a victim of a 51% Attack.