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SEC Chair: Flaws In Modern Payments Systems Are Boosting Bitcoin

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Securities and Exchange Commission (SEC) Chairman Jay Clayton thinks inefficiencies in traditional payments are boosting favorability for bitcoin, a report from Coindesk says. Clayton, speaking on CNBC, said bitcoin's popularity came from that disappointment in mainstream payments.

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Bitcoin Daily: P2P Firm Origin Launches Stablecoin; Coinbase Hires Execs from Venmo, Adobe And Google

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Origin unveiled a stablecoin for the Ethereum network dubbed the Origin Dollar (OUSD), according to a Medium post. Block by block, second by second, OUSD grows passively for you without requiring you to use other platforms,” the post stated. Tether debuted the concept of a stablecoin denominated in U.S. dollars in 2014.

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UK Regulator Says Stablecoins Are EMoney

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The Block reported that the comprehensive overview is expected to follow FCA’s draft proposals released at the beginning of the year, which explained that “any token that is not a security token, or an eMoney token is unregulated.” The Financial Conduct Authority (FCA) has issued updated guidance on the U.K.’s s cryptocurrency market.

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Bitcoin Daily: Chinese Police Seize $15M, Luxury Cars In Crypto Scam Probe; CENTRE Blacklists Address, Freezes $100K Of Stablecoin At Request Of Law Enforcement

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Authorities in China have confiscated bitcoin, ether and tether worth more than $15 million and luxury cars from those who allegedly ran a purported cryptocurrency scheme, CoinDesk reported. It will also contemplate a block “to comply with a law, regulation or legal order from a duly recognized U.S. authorized authority, U.S.

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Bitcoin Daily: BlockFi, Visa To Offer Card With Bitcoin As Rewards; Crypto-Based Event Aims To Raise $1 Million For Charity

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Visa has partnered with BlockFi to launch a credit card that offers bitcoin rewards rather than travel points or cash back, according to an announcement. The BlockFi Bitcoin Rewards Credit Card , which will be available in the spring of 2021, will give 1.5 The card carries a $200 annual fee. “We

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Bitcoin Daily: Russia’s Sberbank To Launch Stablecoin This Year; Pornhub Expands Crypto Payment Options

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Russia’s Sberbank could roll out its stablecoin as early as this spring after filing with the Bank of Russia to launch a blockchain platform, Cointelegraph reported. In other news, Pornhub added four more cryptocurrencies to the site’s payment options, The Block reported. and Singapore, The Block noted. Meanwhile, Nebraska Sen.

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Bitcoin Daily: Binance To Launch Regional “Libra-Like” Currency; Coinbase Left 3K User Passwords Unprotected

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Binance has announced plans to launch its blockchain project, Venus, to develop localized stablecoins and digital assets pegged to fiat currencies across the globe. Unfortunately, it also meant that the individual’s name, email address, and proposed password (and state of residence, if in the U.S.) Coinbase said it has fixed the bug.

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